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 Corporation (NYSE: ACRE) announced the 2022 tax treatment of its common stock distributions. Shareholders received a cash distribution of $0.3500 per share, with total distributions amounting to $1.4000. The entire distribution was classified as taxable for the year 2022 under Section 857(b)(9) of the Internal Revenue Code. The company reported a total allocable distribution of $1.3648, with no amounts listed for taxable ordinary dividends or capital gain distributions. Ares Commercial Real Estate Corporation specializes in commercial real estate loans, aiming to provide flexible financing solutions across the U.S.
Ares Commercial Real Estate Corporation (NYSE: ACRE) will announce its earnings for Q4 and full year ended December 31, 2022, on February 15, 2023, before the NYSE opening. A conference call will take place at 12:00 PM ET the same day to discuss these results. Interested parties can join via telephone or live webcast, with an archive available until March 15, 2023. ACRE specializes in commercial real estate loans, including senior mortgages and mezzanine debt, focusing on value-added financing across the U.S.
Ares Commercial Real Estate Corporation (ACRE) reported third-quarter 2022 GAAP net income of $0.6 million, translating to $0.01 per diluted common share. Distributable Earnings reached $21.3 million or $0.39 per diluted common share. The company declared a fourth-quarter 2022 dividend of $0.33 per common share, along with a supplemental dividend of $0.02 per common share. ACRE maintains a robust liquidity position of $156 million, emphasizing a strategy of originating senior loans and acquiring investment-grade commercial real estate securities in the current market.
Ares Commercial Real Estate Corporation (NYSE: ACRE) will report its third quarter earnings for the period ending
Ares Commercial Real Estate Corporation (ACRE) reported second-quarter 2022 GAAP net income of $10 million ($0.20 per diluted share) and Distributable Earnings of $19.2 million ($0.38 per diluted share). The company declared a third quarter 2022 dividend of $0.33 per share and a supplemental dividend of $0.02 per share. ACRE maintains a 2.4x debt-to-equity ratio and reports that 98% of its loans are floating rate, allowing for potential benefits from rising interest rates.
Future dividends are expected to be covered by Distributable Earnings.
Ares Commercial Real Estate Corporation (NYSE: ACRE) will announce its second quarter earnings for the period ending June 30, 2022 on July 29, 2022, prior to the opening of the New York Stock Exchange. A conference call will take place on the same day at 12:00 p.m. ET, where the company's financial results will be discussed. Interested parties can join via telephone or a live webcast available on the company's investor resources webpage. Archived replays will be accessible until August 26, 2022.
Ares Commercial Real Estate Corporation (NYSE:ACRE) has announced the pricing of a public offering of 7,000,000 shares of common stock, expected to generate approximately
Ares Commercial Real Estate Corporation (NYSE:ACRE) has announced a public offering of 7,000,000 shares of common stock, with an option for underwriters to purchase an additional 1,050,000 shares. The company intends to utilize the net proceeds for general corporate purposes, including investing in mortgage loans, funding existing loan commitments, and repaying indebtedness. The offering is managed by major financial institutions including Morgan Stanley and Wells Fargo, with a registration statement already filed with the SEC.
Ares Commercial Real Estate Corporation (ACRE) reported a GAAP net income of $16.2 million or $0.34 per diluted common share for Q1 2022. Distributable Earnings also stood at $16.3 million, maintaining the same per share value. The company closed $263 million in new loan commitments in Q1 and an additional $123 million early in Q2. A second quarter dividend of $0.33 per common share, plus a supplemental $0.02 dividend was declared. The company predicts increased Distributable Earnings due to rising credit spreads and interest rates.
Ares Commercial Real Estate Corporation (NYSE: ACRE) will report its earnings for Q1 2022 on May 3, 2022, before the market opens. The company will host a live conference call at 12:00 p.m. ET to discuss financial results. Interested parties can join via telephone or a webcast, with replay options available until June 3, 2022. ACRE specializes in originating and investing in commercial real estate loans, providing a range of financing solutions for property owners in the U.S.
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?
