Ares Commercial Real Estate Corporation Declares Fourth Quarter 2020 Dividend

Rhea-AI Summary

Ares Commercial Real Estate Corporation (ACRE) has declared a fourth quarter 2020 cash dividend of $0.33 per common share, payable on January 15, 2021, to stockholders of record as of December 30, 2020. Known for originating and investing in commercial real estate loans, ACRE emphasizes flexible financing solutions. The company operates under a real estate investment trust structure and is externally managed by a subsidiary of Ares Management Corporation.

Positive

• Declared a fourth quarter 2020 cash dividend of $0.33 per common share.
• Dividend payment date set for January 15, 2021, indicating steady income for shareholders.

Negative

• Risks associated with future dividend payments due to market conditions.

Ares Commercial Real Estate Corporation (“ACRE”) (NYSE:ACRE) announced today that it declared a fourth quarter 2020 cash dividend of $0.33 per common share. The dividend is payable on January 15, 2021 to stockholders of record as of the close of business on December 30, 2020.

About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance company primarily engaged in originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, the Company provides a broad offering of flexible and reliable financing solutions for commercial real estate owners and operators. The Company originates senior mortgage loans, as well as subordinate financings, mezzanine debt and preferred equity, with an emphasis on providing value added financing on a variety of properties located in liquid markets across the United States. Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation. For more information, please visit www.arescre.com. The contents of such website are not, and should not be deemed to be, incorporated by reference herein.

Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which relate to future events or the Company’s future performance or financial condition. These statements are not a guarantee of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including the returns on current and future investments, rates of repayments and prepayments on the Company’s mortgage loans, availability of investment opportunities, the Company’s ability to originate additional investments and completion of pending, and expected sales of, investments, the availability of capital, the availability and cost of financing, imposition of margin calls or valuation adjustment events in connection with such financings, market trends and conditions in the Company’s industry and the general economy, the level of lending and borrowing spreads and interest rates, commercial real estate loan volumes, the impact of COVID-19 and significant market volatility on our business, our borrowers, our industry and the global economy, our ability to pay future dividends at historical levels or at all and the risks described from time to time in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement, including any contained herein, speaks only as of the time of this press release and Ares Commercial Real Estate Corporation undertakes no duty to update any forward-looking statements made herein. Projections and forward-looking statements are based on management’s good faith and reasonable assumptions, including the assumptions described herein.

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FAQ

What is the dividend amount declared by ACRE for Q4 2020?

ACRE has declared a cash dividend of $0.33 per common share for the fourth quarter of 2020.

When will ACRE's dividend be paid?

The dividend will be paid on January 15, 2021.

What is the record date for ACRE's fourth quarter dividend?

The record date for the dividend is December 30, 2020.

Under what structure does ACRE operate?

ACRE operates as a real estate investment trust (REIT).

What business does Ares Commercial Real Estate Corporation engage in?

ACRE is engaged in originating and investing in commercial real estate loans and related investments.