---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-003600"
form_type: "8-K"
ticker: "ACRE"
cik: "0001529377"
company_name: "Ares Commercial Real Estate Corp"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:15:10.722029+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ACRE reports Q4 GAAP EPS $0.05, Distributable EPS $0.44; declares $0.35/sh dividend

## Summary
- GAAP net income Q4 $2.9M ($0.05/diluted share); full year $29.8M ($0.57/share).
- Distributable Earnings Q4 $23.9M ($0.44/share); full year $80.7M ($1.55/share).
- Declares Q1 2023 regular dividend $0.33 plus supplemental $0.02 per share.
- Nearly 100% floating rate asset base and partial hedging of liabilities supported earnings.
- Received $319M in Q4 repayments; moderate debt-to-equity and strong liquidity.

## SEC filing metadata
- accession: 0001628280-23-003600
- form_type: 8-K
- ticker: ACRE
- cik: 0001529377
- company_name: Ares Commercial Real Estate Corp
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529377/000162828023003600/0001628280-23-003600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529377/000162828023003600/acre-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-003600
- JSON: https://secwatch.observer/filing/0001628280-23-003600.json
- Plain text: https://secwatch.observer/filing/0001628280-23-003600.txt

## Key facts
- Earnings Releases
  Ares Commercial Real Estate Corp reported quarter ended December 31, 2022 results: net income $2.9 million, EPS $0.05 per diluted common share.
  - Period: quarter ended December 31, 2022
  - Net income: $2.9 million
  - EPS: $0.05 per diluted common share
  - Result: reported results
  source text: reported generally accepted accounting principles (“GAAP”) net income of $2.9 million or $0.05 per diluted common share and Distributable Earnings (1) of $23.9 million or $0.44 per diluted common share for the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828023003600/0001628280-23-003600-index.htm
- Earnings Releases
  Ares Commercial Real Estate Corp reported year ended December 31, 2022 results: net income $29.8 million, EPS $0.57 per diluted common share.
  - Period: year ended December 31, 2022
  - Net income: $29.8 million
  - EPS: $0.57 per diluted common share
  - Result: reported results
  source text: reported GAAP net income of $29.8 million or $0.57 per diluted common share and Distributable Earnings (1) of $80.7 million or $1.55 per diluted common share for full year 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828023003600/0001628280-23-003600-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.