Ares Commercial Real Estate (ACRE) Misses Q1 EPS by 2c
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Ares Commercial Real Estate Corporation Reports First Quarter 2022 Results
May 3, 2022 6:00 AM EDTFirst quarter GAAP net income of $16.2 million or $0.34 per diluted common share and Distributable Earnings(1) of $16.3 million or $0.34 per diluted common share
Closed $263 million of new loan commitments
- Subsequent to end of first quarter -
Closed $123 million of new loan commitments
Declared second quarter 2022 dividend of $0.33 per common share and a supplemental dividend of $0.02 per common share
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the Company) (NYSE:... More
