Ares Commercial Real Estate (ACRE) Tops Q1 EPS by 3c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q1 EPS by 3c

Ares Commercial Real Estate Corporation Reports First Quarter 2015 Results

May 7, 2015 8:06 AM EDT

Net Income of $7.1 million or $0.25 per diluted common share

Declared second quarter 2015 dividend of $0.25 per common share

Raising full-year 2015 EPS guidance range to $1.04 - $1.14

Board of Directors authorized $20 million stock repurchase program

MARCH 31, 2015 FINANCIAL RESULTS

CHICAGO--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the Company, ACRE, we, or our) (NYSE: ACRE), a specialty finance company primarily engaged in principal lending and mortgage banking of commercial real estate investments, reported net income of $7.1 million or $0.25 per... More