Ares Commercial Real Estate (ACRE) Tops Q3 EPS by 7c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q3 EPS by 7c

Ares Commercial Real Estate Corporation Reports Third Quarter 2020 Results

October 29, 2020 6:00 AM EDT

Third quarter GAAP net income of $14.9 million or $0.44 per diluted common share and Core Earnings(1) of $10.5 million or $0.31 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 income of $14.9 million or $0.44 per diluted common share and Core Earnings(1) of $10.5 million or $0.31 per diluted common share for the third quarter of 2020.

This morning, we announced another quarter of consistent earnings with... More