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

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

Ares Commercial Real Estate Corporation Reports First Quarter 2017 Results

May 2, 2017 6:30 AM EDT

First quarter net income of $6.5 million or $0.23 per diluted common share

- Subsequent to end of first quarter -

Significant leverageable capital available for new investments of approximately $128 million as of April 28, 2017

Entered into an amended $500 million facility with Wells Fargo, increasing total borrowing capacity by $175 million

Declared second quarter 2017 dividend of $0.27 per common share

MARCH 31, 2017 FINANCIAL RESULTS

NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the... More