Ares Commercial Real Estate (ACRE) Reports In-Line Q4 EPS
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Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full-Year 2016 Results
March 7, 2017 6:30 AM ESTFourth 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
DECEMBERÂ 31, 2016 FINANCIAL RESULTS
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