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Ares Commercial Real Estate: Q4 Earnings Snapshot [Yahoo! Finance]

Ares Commercial Real Estate Corporation (ACRE) 
Last ares commercial real estate corporation earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: arescre.com
Company Research Source: Yahoo! Finance
In This Article ACRE NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Wednesday reported a loss of $10.7 million in its fourth quarter. On a per-share basis, the New York-based company said it had a loss of 20 cents. Losses, adjusted for one-time gains and costs, were 15 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. The real estate investment trust posted revenue of $17.5 million in the period. Its adjusted revenue was $33.5 million. For the year, the company reported that its loss narrowed to $35 million, or 64 cents per share. Revenue was reported as $157.7 million. Ares Commercial Real Estate shares have increased slightly more than 3% since the beginning of the year. The stock has decreased 30% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) usi Show less Read more
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