secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001628280-22-019749
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRE Q2 GAAP net income $10.0M ($0.20/share); Distributable Earnings $19.2M ($0.38/share)
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- GAAP net income $10.0M ($0.20 diluted EPS); Distributable Earnings $19.2M ($0.38 diluted EPS) for Q2 2022.
- Board declared Q3 2022 regular dividend $0.33/share plus supplemental $0.02/share, payable Oct 17, 2022.
- CEO cites strong earnings driven by investment activity and floating-rate loan sensitivity to rising rates.
- CFO highlights 2.4x debt-to-equity leverage, strong liquidity; 98% loans floating rate, 36% liabilities fixed/hedged.
- Management expects full-year Distributable Earnings to fully cover regular and supplemental dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022019749/0001628280-22-019749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828022019749/acre-20220729.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-019749

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