Ares Commercial Real Estate (ACRE) Misses Q1 EPS by 2c, Revenues Beat

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Go back to Ares Commercial Real Estate (ACRE) Misses Q1 EPS by 2c, Revenues Beat

Ares Commercial Real Estate Corporation Reports First Quarter 2020 Results

May 8, 2020 6:00 AM EDT

First quarter GAAP net loss of $17.3 million or $0.54 per diluted common share and Core Earnings(1) of $10.3 million or $0.32 per diluted common share

NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the Company) (NYSE: ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (GAAP) net loss of $17.3 million or $0.54 per diluted common share and Core Earnings(1) of $10.3 million or $0.32 per diluted common share for the first quarter of 2020.

During this unprecedented economic disruption caused by... More