secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001628280-23-036538
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACRE Q3 GAAP net income $9.2M; Distributable Earnings $13.5M; declares $0.33 dividend
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- Q3 GAAP net income $9.2M ($0.17/diluted share); Distributable Earnings $13.5M ($0.25/diluted share).
- Resolved one defaulted loan, incurring realized loss of $0.09 per diluted share.
- Declared Q4 2023 cash dividend of $0.33 per common share, payable Jan 17, 2024 to holders of record Dec 29, 2023.
- CEO cites strong liquidity and moderate leverage; company selectively originating new loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828023036538/0001628280-23-036538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828023036538/acre-20231103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036538

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