Ares Commercial Real Estate (ACRE) Declares $0.27 Quarterly Dividend; 7.7% Yield
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Ares Commercial Real Estate Corporation Reports First Quarter 2017 Results
May 2, 2017 6:30 AM EDTFirst 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
MARCHÂ 31, 2017 FINANCIAL RESULTS
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the... More
