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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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
- 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
- Ares Commercial Real Estate Co. (NYSE: ACRE) was downgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "underweight" rating. They now have a $7.00 price target on the stock, down previously from $7.50.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