---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-026537"
form_type: "8-K"
ticker: "ACRE"
cik: "0001529377"
company_name: "Ares Commercial Real Estate Corp"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:16:41.509633+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ACRE reports Q2 2023 GAAP net loss of $2.2M; Distributable Earnings of $19.0M covers dividend

## Summary
- GAAP net loss of $2.2M ($0.04/diluted share); Distributable Earnings of $19.0M ($0.35/share) for Q2.
- Declared Q3 2023 regular dividend of $0.33/share, payable Oct 17 to holders of record Sep 29.
- Repurchased ~1.0% of outstanding common shares in Q2 at avg price $8.58/share.
- Cash of $140M plus $75M available financing proceeds as of June 30, 2023.
- CEO says share buybacks and new originations are now better capital uses than supplemental dividends.

## SEC filing metadata
- accession: 0001628280-23-026537
- form_type: 8-K
- ticker: ACRE
- cik: 0001529377
- company_name: Ares Commercial Real Estate Corp
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1529377/000162828023026537/0001628280-23-026537-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529377/000162828023026537/acre-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026537
- JSON: https://secwatch.observer/filing/0001628280-23-026537.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026537.txt

## Key facts
- Earnings Releases
  Ares Commercial Real Estate Corp reported the quarter ended June 30, 2023 results: net income $2.2 million, EPS $0.04 per diluted common share.
  - Period: the quarter ended June 30, 2023
  - Net income: $2.2 million
  - EPS: $0.04 per diluted common share
  - Result: reported results
  source text: Second quarter GAAP net loss of $2.2 million or $0.04 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828023026537/0001628280-23-026537-index.htm

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