Ares Commercial Real Estate (ACRE) Tops Q2 EPS by 8c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q2 EPS by 8c

Ares Commercial Real Estate Corporation Reports Second Quarter 2021 Results

July 30, 2021 6:00 AM EDT

Second quarter GAAP net income of $17.6 million or $0.43 per diluted common share and Distributable Earnings(1) of $15.1 million or $0.37 per diluted common share

Closed $311 million of new loan commitments

- Subsequent to end of second quarter -

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

Closed $254 million of new loan commitments

NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the Company) (NYSE: ACRE),... More