Ares Commercial Real Estate (ACRE) Tops Q1 EPS by 3c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q1 EPS by 3c

Ares Commercial Real Estate Corporation Reports First Quarter 2021 Results

May 4, 2021 6:00 AM EDT

First quarter GAAP net income of $15.7 million or $0.45 per diluted common share and
Distributable Earnings(1) of $13.9 million or $0.40 per diluted common share

- Subsequent to end of first quarter -

Declared second quarter 2021 dividend of $0.33 per diluted common share and
a supplemental dividend of $0.02 per diluted common share

Closed $88 million of loans in ACRE,
with another $185 million of ACRE eligible loans closed in the Ares Warehouse(2)

Extended... More