Ares Commercial Real Estate (ACRE) Misses Q1 EPS by 6c

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Go back to Ares Commercial Real Estate (ACRE) Misses Q1 EPS by 6c

Ares Commercial Real Estate Corporation Reports First Quarter 2016 Results

May 5, 2016 6:30 AM EDT

First quarter net income of $5.1 million or $0.18 per diluted common share

- Subsequent to end of first quarter -

$130 million of leverageable capital available for investment as of May 3, 2016(1)

Declared second quarter 2016 dividend of $0.26 per common share

MARCH 31, 2016 FINANCIAL RESULTS

NEW YORK--(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... More