ACRE Q2 GAAP net income $0.43/sh; Distributable EPS $0.37; $311M new loan commitments

Ares Commercial Real Estate Corp

GAAP net income $17.6M ($0.43 per diluted share); Distributable Earnings $15.1M ($0.37 per diluted share).
Distributable EPS up 16% YoY; book value per share increased for fourth consecutive quarter.
Closed $311M new loan commitments in Q2; additional $254M in July 2021.
Declared Q3 2021 regular dividend $0.33/sh plus supplemental $0.02/sh, payable Oct 15, 2021.

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