Ares Commercial Real Estate (ACRE) Tops Q3 EPS by 4c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q3 EPS by 4c

Ares Commercial Real Estate Corporation Reports Third Quarter 2021 Results

November 3, 2021 6:00 AM EDT

Third quarter GAAP net income of $10.0 million or $0.21 per diluted common share and Distributable Earnings(1) of $17.5 million or $0.37 per diluted common share

Closed $485 million of new loan commitments

- Subsequent to end of third quarter -

Declared fourth quarter 2021 dividend of $0.33 per diluted common share and a supplemental dividend of $0.02 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... More