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

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

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2020 Results

February 18, 2021 6:00 AM EST

Fourth quarter GAAP net income of $14.4 million or $0.43 per diluted common share and Distributable Earnings(1) of $13.7 million or $0.41 per diluted common share

Full year GAAP net income of $21.8 million or $0.66 per diluted common share and Distributable Earnings(1) of $45.1 million or $1.36 per diluted common share

- Subsequent to year ended December 31, 2020 -
Closed a $667 million Commercial Real Estate Collateralized Loan Obligation Securitization Transaction Closed $146 million of new loans year to date
Declared first quarter 2021 dividend of $0.33 per diluted common share and a supplemental dividend of $0.02 per diluted common... More