Welcome to our dedicated page for Ares Coml Real Estate news (Ticker: ACRE), a resource for investors and traders seeking the latest updates and insights on Ares Coml Real Estate stock.
Ares Commercial Real Estate Corporation (NYSE: ACRE) is a specialty finance company that focuses on originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, ACRE offers a wide range of flexible and reliable financing solutions for commercial real estate owners and operators. The company's primary products include senior mortgage loans, subordinate financings, mezzanine debt, and preferred equity, targeting a diversity of property types in liquid markets across the United States.
As a Real Estate Investment Trust (REIT), ACRE is externally managed by a subsidiary of Ares Management Corporation, a global alternative asset manager. The company has demonstrated resilience and adaptability in a challenging economic landscape, maintaining a strong balance sheet and significant liquidity, which allows it to navigate industry challenges and capitalize on market opportunities.
ACRE's recent achievements include the resolution of several underperforming loans, substantial reductions in debt levels, and maintaining a disciplined approach to new loan originations. For the first quarter of 2024, ACRE reported a GAAP net loss of $12.3 million or $0.23 per diluted common share, and Distributable Earnings (Loss) of $(33.5) million or $(0.62) per diluted common share. Despite these challenges, the company remains focused on maximizing credit outcomes and selectively originating new loans to benefit from attractive spreads.
The company declared a regular cash dividend of $0.25 per common share for the second quarter of 2024, reflecting its ongoing commitment to providing dividends to shareholders. ACRE continues to leverage the broad resources of the Ares platform and its deep credit capabilities to enhance shareholder value.
Additional information can be accessed via ACRE's investor resources section on their website (www.arescre.com), which hosts presentations, financial reports, and details on upcoming webcasts and conference calls.
Ares Commercial Real Estate (NYSE:ACRE) reported significant losses for Q4 and full year 2024. The company posted a Q4 GAAP net loss of $10.7 million (-$0.20 per share) and Distributable Loss of $8.3 million (-$0.15 per share). Full-year results showed a GAAP net loss of $35.0 million (-$0.64 per share) and Distributable Loss of $44.6 million (-$0.82 per share).
The company announced a reduction in its quarterly dividend to $0.15 per share for Q1 2025, down from $0.25 in Q4 2024. Risk-rated 4 and 5 loans declined 34% year over year. Post year-end, ACRE collected $166 million in repayments, resulting in available capital exceeding $200 million, representing a 66% increase since Q3.
Ares Commercial Real Estate (NYSE: ACRE) has announced its upcoming earnings release schedule for the fourth quarter and full year ended December 31, 2024. The company will release its financial results on Wednesday, February 12, 2025, before the New York Stock Exchange opens.
A webcast/conference call will be held the same day at 11:00 a.m. Eastern Time to discuss the results. Investors can participate via telephone or live webcast hosted on the company's website. Domestic callers should dial +1 (800) 225-9448, while international callers can use +1 (203) 518-9708, with passcode ACREQ424.
An archived replay will be available until March 12, 2025, at 5:00 p.m. (Eastern Time) through domestic number +1 (800) 839-2382 and international number +1 (402) 220-7201, as well as on the company's website.
Ares Commercial Real Estate (NYSE: ACRE) has released its tax treatment information for 2024 common stock distributions. The company declared quarterly dividends of $0.25 per share for the second, third, and fourth quarters of 2024, with payments scheduled for April 16, July 16, and October 15, 2024.
Of the total $0.75 per share distributed in 2024, $0.6726 is classified as ordinary dividends and $0.0774 as nondividend distributions. The January 2024 distribution of $0.33 per share was treated as taxable in 2023, while the January 2025 distribution of $0.25 will be allocable to 2025. None of the distributions qualified for capital gain treatment.
Ares Commercial Real Estate (NYSE:ACRE) reported a GAAP net loss of $(5.9) million or $(0.11) per diluted common share for Q3 2024, with Distributable Earnings of $3.7 million or $0.07 per diluted common share. The company's risk rated 4 and 5 loans declined by 33%, and outstanding debt balance decreased by 8%. The Board declared a regular cash dividend of $0.25 per common share for both Q3 and Q4 2024, with the Q4 dividend payable on January 15, 2025.
Ares Commercial Real Estate (NYSE: ACRE) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will release its financial results for Q3 2024 on November 7, 2024 before NYSE opening. A webcast/conference call will be held the same day at 12:00 p.m. Eastern Time. Investors can join via phone or webcast through the company's website. The replay will be available until December 7, 2024 through both phone and web access.
Ares Commercial Real Estate (NYSE:ACRE) reported a GAAP net loss of $6.1 million or $(0.11) per diluted common share for Q2 2024. The company's Distributable Earnings Loss was $6.6 million or $(0.12) per diluted common share. ACRE declared a Q3 2024 dividend of $0.25 per common share, payable on October 15, 2024. The company made progress on resolving risk-rated loans and maintaining financial flexibility, which impacted Q2 results but is expected to position ACRE for future growth. Key management changes include Tae-Sik Yoon's appointment as COO and Jeff Gonzales as CFO & Treasurer, effective August 30, 2024.
Ares Commercial Real Estate (NYSE:ACRE) has announced its schedule for the second quarter 2024 earnings release and conference call. The company will report earnings for Q2 2024 on August 6, 2024, before the New York Stock Exchange opens. A webcast/conference call will be held the same day at 12:00 p.m. Eastern Time to discuss the financial results.
Interested parties can participate via telephone or live webcast. The webcast link will be available on the Investor Resources section of the company's website. Domestic callers can dial +1 (800) 225-9448, while international callers can use +1 (203) 518-9708. The passcode is ACREQ224. An archived replay will be available until September 6, 2024, accessible by phone and through the company's website.
Ares Commercial Real Estate reported first quarter 2024 results with GAAP net loss of $(12.3) million and Distributable Earnings of $(33.5) million. The company declared a dividend of $0.25 per common share for the second quarter. Progress was made in resolving underperforming loans, leading to a decline in non-accrual loans. Balance sheet de-leveraging occurred, reducing debt by 8%.
FAQ
What is the current stock price of Ares Coml Real Estate (ACRE)?
What is the market cap of Ares Coml Real Estate (ACRE)?
What is Ares Commercial Real Estate Corporation?
What types of financing solutions does ACRE provide?
How did ACRE perform in the first quarter of 2024?
What is ACRE's recent dividend declaration?
What is the significance of ACRE being managed by Ares Management Corporation?
How does ACRE's balance sheet position impact its operations?
Where can I find more information about ACRE's financial performance?
