Ares Commercial Real Estate Corp (ACRE) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]
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: Yahoo! Finance
Distributable Earnings Excluding Realized Loss: $9.5 million or $0.17 per common share. CECL Reserve: Approximately $146 million, representing about 8% of the total outstanding principal balance of loans held for investment. Available Capital: $134 million as of November 5, 2024, an 11% increase compared to the second quarter. Financial Leverage: Reduced to $1.3 billion, down 8% from $1.5 billion last quarter. Net Debt-to-Equity Ratio: Declined to 1.8 times at the end of Q3, down from 1.9 times in Q2. Dividend Declaration: $0.25 per common share for Q4 2024, payable on January 15, 2025. Warning! GuruFocus has detected 3 Warning Signs with ACRE. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Ares Commercial Real Estate Corp ( NYSE:ACRE ) reduced its risk-rated 4 and 5 loans by approximately 33% during the third quarter, indicating progress in managing high-risk assets. The company
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ACRE
News
- https://seekingalpha.com/article/4745862-ares-commercial-15-percent-yield-in-danger [Seeking Alpha]Seeking Alpha
- Ares Commercial Real Estate Corporation's (NYSE:ACRE) market cap dropped US$50m last week; individual investors who hold 52% were hit as were institutions [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Co. (NYSE: ACRE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Ares Commercial Real Estate Corporation Reports Third Quarter 2024 ResultsBusiness Wire
ACRE
Earnings
- 11/7/24 - Beat
ACRE
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- ACRE's page on the SEC website