ACRE Q4 GAAP EPS $0.36, Distributable EPS $0.41; full year $1.42, $1.55; record originations $1.4B

Ares Commercial Real Estate Corp

Q4 GAAP net income $17.2M ($0.36/diluted); Distributable Earnings $19.4M ($0.41/diluted).
Full year 2021 GAAP net income $60.5M ($1.42/diluted); Distributable Earnings $66.0M ($1.55/diluted).
Closed record $1.4B of new loan commitments in 2021.
Declared Q1 2022 regular dividend $0.33/share and supplemental $0.02/share, payable April 14, 2022.
Annual meeting set for May 25, 2022; record date March 25, 2022.

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