Ares Commercial: The Dividend May Not Be Safe In 2024 (Rating Downgrade) [Seeking Alpha]
Ares Commercial Real Estate Corporation (ACRE)
Last ares commercial real estate corporation earnings: 2/20 06:00 am
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US:NYSE Investor Relations:
arescre.com
Company Research
Source: Seeking Alpha
The REIT's $2.0B loan portfolio includes 8 impaired loans, with the majority of its CECL reserve relating to office loans. The increased likelihood of another dividend cut is reflected in Ares Commercial Real Estate's large discount to book value. The distribution coverage profile for Ares Commercial Real Estate ( NYSE: ACRE ) deteriorated in the last quarter again as the REIT sold 3 loans that caused realized losses in the amount of $46M. As a result, the REIT did not support its $0.25 Recommended For You Recommended For You
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ACRE
News
- Ares Commercial Real Estate Co. (NYSE: ACRE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Ares Commercial Real Estate: 14% Yield Might Be Sustainable [Seeking Alpha]Seeking Alpha
- Ares Commercial Real Estate Corporation (NYSE:ACRE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at Keefe, Bruyette & Woods from $7.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- Compared to Estimates, Ares Commercial Real Estate (ACRE) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
ACRE
Earnings
- 5/9/24 - Beat
ACRE
Analyst Actions
- 4/10/24 - JP Morgan
ACRE
Sec Filings
- 6/5/24 - Form S-8
- 5/29/24 - Form 8-K
- 5/9/24 - Form 10-Q
- ACRE's page on the SEC website