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Ares Commercial Real Estate Corporation reports developments tied to its role as a specialty finance company and real estate investment trust focused on commercial real estate debt. The company directly originates and invests in senior mortgage loans, co-invested loans, subordinate financings, mezzanine debt and preferred equity for commercial real estate owners and operators in U.S. markets.
Recurring news includes quarterly GAAP results and Distributable Earnings, REIT distribution tax reporting, portfolio credit updates, loan repayments, office and REO exposure, liquidity management, secured funding facilities and other liability-management actions. Company updates also describe its external management by a subsidiary of Ares Management Corporation and its national direct origination platform.
Ares Commercial Real Estate Corporation (NYSE: ACRE) will report its financial results for Q4 and full year ended December 31, 2020, on February 18, 2021, before NYSE opens. A conference call is scheduled for 12:00 p.m. ET on the same day to discuss the results. Interested parties can join via telephone or webcast. ACRE specializes in originating and investing in commercial real estate loans, offering flexible financing solutions nationwide. The company is a real estate investment trust, managed externally by Ares Management Corporation.
Ares Commercial Real Estate Corporation (ACRE) has declared a fourth quarter 2020 cash dividend of $0.33 per common share, payable on January 15, 2021, to stockholders of record as of December 30, 2020. Known for originating and investing in commercial real estate loans, ACRE emphasizes flexible financing solutions. The company operates under a real estate investment trust structure and is externally managed by a subsidiary of Ares Management Corporation.
Ares Commercial Real Estate Corporation (NYSE:ACRE) reported a GAAP net income of $14.9 million or $0.44 per diluted share, with Core Earnings at $10.5 million or $0.31 per diluted share for Q3 2020. CEO Bryan Donohoe emphasized stable credit performance and liquidity, highlighting that their defensive strategy helped navigate the year’s market downturn. CFO Tae-Sik Yoon noted that 100% of loans made their contractual payments. Additionally, a cash dividend of $0.33 per share was declared on September 16, 2020, and the Q3 earnings call is scheduled for October 29, 2020.
Ares Commercial Real Estate Corporation (NYSE: ACRE) will release its financial results for Q3 2020 on October 29, 2020, prior to the NYSE opening. The company invites interested parties to join a conference call at 12:00 p.m. ET on the same day to discuss these results. Participants can access the call via phone or a live webcast on the company's website. A replay will be available until November 5, 2020. ACRE specializes in financing solutions for commercial real estate, including senior mortgage loans and mezzanine debt.