secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001628280-22-011866
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Commercial Real Estate Q1 GAAP net income $16.2M ($0.34/share), Distributable Earnings $0.34/share
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- GAAP net income $16.2M ($0.34 diluted EPS); Distributable Earnings $16.3M ($0.34/share).
- Closed $263M new loan commitments in Q1; post-quarter closed $123M with >$200M in pipeline.
- Declared Q2 regular dividend of $0.33/share plus $0.02 supplemental dividend, payable July 15.
- CEO expects accelerated investments and higher credit spreads to boost Distributable Earnings in Q2.
- Credit quality stable; floating-rate loan portfolio positioned to benefit from rising interest rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022011866/0001628280-22-011866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022011866/acre-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-011866

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