Ares Commercial Real Estate (ACRE) Tops Q4 EPS by 4c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q4 EPS by 4c

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Record Full-Year 2015 Results

March 1, 2016 6:30 AM EST

Fourth quarter net income of $8.9 million or $0.31 per diluted common share

Record full-year 2015 net income of $34.3 million or $1.20 per diluted common share

- Subsequent to end of fourth quarter -

Increased first quarter 2016 dividend to $0.26 per common share

Expands stock repurchase program to $30 million

DECEMBER 31, 2015 FINANCIAL RESULTS

NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the Company, ACRE, we, or our) (NYSE: ACRE), a specialty finance company primarily... More