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Ares Commercial Real Estate Q1 2024 Earnings Report

Ares Commercial Real Estate logo
$6.39 +0.27 (+4.41%)
(As of 12/20/2024 05:40 PM ET)

Ares Commercial Real Estate EPS Results

Actual EPS
-$0.64
Consensus EPS
-$0.30
Beat/Miss
Missed by -$0.34
One Year Ago EPS
$0.26

Ares Commercial Real Estate Revenue Results

Actual Revenue
$18.69 million
Expected Revenue
$43.77 million
Beat/Miss
Missed by -$25.08 million
YoY Revenue Growth
N/A

Ares Commercial Real Estate Announcement Details

Quarter
Q1 2024
Time
Before Market Opens

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Ares Commercial Real Estate Earnings Headlines

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About Ares Commercial Real Estate

Ares Commercial Real Estate (NYSE:ACRE), a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities. It has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. Ares Commercial Real Estate Corporation was incorporated in 2011 and is based in New York, New York.

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