secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001628280-23-014727
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRE reports Q1 GAAP net loss $0.12/share; Distributable Earnings $0.27/share; declares Q2 dividend
--------------------------------------------------------------------------------

- GAAP net loss $6.4M ($0.12 diluted EPS); Distributable Earnings $15.1M ($0.27).
- Declared Q2 2023 regular dividend $0.33/sh and supplemental $0.02/sh, payable July 18.
- Net debt-to-equity below 2.0x; cash >$150M (over 20% of equity) as of March 31.
- Distributable Earnings include $0.10/sh realized loss; without loss, would have been $0.37/sh.
- Management emphasizes progress on watch-list assets and bank retrenchment opportunity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828023014727/0001628280-23-014727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828023014727/acre-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-014727

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