Ares Commercial Real Estate (ACRE) Reports In-Line Q4 EPS

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Go back to Ares Commercial Real Estate (ACRE) Reports In-Line Q4 EPS

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full-Year 2016 Results

March 7, 2017 6:30 AM EST

Fourth quarter net income of $8.1 million or $0.28 per diluted common share

Full-year 2016 net income of $40.3 million or $1.41 per diluted common share and adjusted net income from operations of $31.2 million or $1.09 per diluted common share(1)

- Subsequent to year ended 2016 -

Closed $273 million securitization financing with flexible features, priced at initial weighted average coupon of L+1.85%

Declared an increase in first quarter 2017 dividend to $0.27 per common share

DECEMBER 31, 2016 FINANCIAL RESULTS

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