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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arescre.com
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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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News
- Ares Commercial Real Estate Corp (ACRE) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
- 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