Ares Commercial Real Estate (ACRE) Tops Q2 EPS by 4c

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Go back to Ares Commercial Real Estate (ACRE) Tops Q2 EPS by 4c

Ares Commercial Real Estate Corporation Reports Second Quarter 2022 Results

July 29, 2022 6:00 AM EDT

Second quarter GAAP net income of $10.0 million or $0.20 per diluted common share and Distributable Earnings(1) of $19.2 million or $0.38 per diluted common share

-Subsequent to end of second quarter-

Declared third 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: ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (GAAP)... More