Ares Commercial Real Estate Corporation Reports Third Quarter 2024 Results
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: Business Wire
Third quarter GAAP net income (loss) of $(5.9) million or $(0.11) per diluted common share andDistributable Earnings(1) of $3.7 million or $0.07 per diluted common share- Subsequent to three months ended September 30, 2024 -Declared fourth quarter 2024 dividend of $0.25 per common share NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income (loss) of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings(1) of $3.7 million or $0.07 per diluted common share for the third quarter of 2024.“During the third quarter, we continued to make progress on our objective of further strengthening our balance sheet position and resolving our risk rated 4 and 5 loans, which declined by 33%,” said Bryan Donohoe, Chief Executive Officer of Ares Commercial Real Estate Cor
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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 Corp (ACRE) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
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