secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001628280-23-003600
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828023003600/0001628280-23-003600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828023003600/acre-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-003600

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer