secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001628280-21-021287
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRE reports Q3 GAAP net income $0.21/sh; Distributable Earnings $0.37/sh
-------------------------------------------------------------------------

- GAAP net income of $10.0M ($0.21 per diluted share); Distributable Earnings $17.5M ($0.37 per share).
- Closed $485 million of new loan commitments during Q3 2021.
- Declared Q4 2021 regular dividend of $0.33/sh and supplemental dividend of $0.02/sh.
- Management expects to fully cover regular and supplemental dividends from Distributable Earnings for the year.
- Loan portfolio grew more than 30% vs Q3 2020; floating-rate loans positioned for rising rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828021021287/0001628280-21-021287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828021021287/acre-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021287

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer