secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001628280-22-012349
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Commercial Real Estate corrects risk classification error in Q1 2022 10-Q
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- Error in risk rating table in Note 4 (CECL) of the March 31, 2022 10-Q, filed May 3, 2022.
- Corrected table shows risk ratings 1-5 for loans by year of origination; total carrying value unchanged at $2.422B.
- Only the risk classification table is corrected; no other changes to the Form 10-Q.
- Risk rating 3 (watch list) largest category at $1.431B; rating 4 (criticized) at $162.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022012349/0001628280-22-012349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022012349/acre-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012349

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