Ares Commercial Real Estate (ACRE) Tops Q4 EPS by 6c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q4 EPS by 6c

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full-Year 2018 Results

February 21, 2019 6:30 AM EST

Fourth quarter GAAP net income of $10.0 million or $0.35 per diluted common share and Core Earnings(1) of $10.9 million or $0.38 per diluted common share

Full-year 2018 GAAP net income of $38.6 million or $1.35 per diluted common share and Core Earnings(1) of $40.8 million or $1.43 per diluted common share

- Subsequent to year ended December 31, 2018 -

Declared a $0.02 per common share increase in the quarterly dividend to $0.33 per common share for the first quarter 2019, representing the fourth quarterly dividend increase since the beginning of... More