Ares Commercial Real Estate: 14% Undercovered Yield, But There Is Hope [Seeking Alpha]
Ares Commercial Real Estate Corporation (ACRE)
Last ares commercial real estate corporation earnings: 2/20 06:00 am
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arescre.com
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Source: Seeking Alpha
Follow Play 7min Summary Ares Commercial Real Estate reported negative distributable earnings for the second consecutive quarter due to loan sales below book value, impacting profitability and book value. Despite ongoing loan issues, Ares declared a $0.25 per share dividend for 3Q24, reflecting management's confidence in a potential earnings rebound. The stock trades at a 34% discount to book value, suggesting that concerns about dividend cuts are already priced in. Continued negative earnings could force another dividend cut, but the significant discount to book value may limit further downside in the stock price. filo It was the second quarter in a row for Ares Commercial Real Estate Corporation ( NYSE: ACRE in which the commercial real estate investment trust reported negative distributable earnings amid a number of loan sales below book value. The resulting losses chipped away at the trust's distributable earnings and book value in 2Q24, but Ares Commercial Re
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ACRE
News
- Ares Commercial Real Estate Corp (ACRE) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Corporation Reports Third Quarter 2024 ResultsBusiness Wire
- Ares Commercial Real Estate Corp (ACRE) Q3 2024 Earnings Report Preview: What to Look For [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2024Business Wire
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at JPMorgan Chase & Co. from $7.00 to $6.50. They now have a "neutral" rating on the stock.MarketBeat
ACRE
Earnings
- 11/7/24 - Beat
ACRE
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 9/3/24 - Form 3
- ACRE's page on the SEC website