{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-006104","form_type":"8-K","ticker":"ACRE","cik":"0001529377","company_name":"Ares Commercial Real Estate Corp","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.511699+00:00","generated_at":"2026-06-05T19:12:59.562733+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Ares Commercial Real Estate posts Q4 GAAP net loss of $39.4M; cuts dividend to $0.25/share","bullets":["Q4 GAAP net loss $39.4M ($0.73/share); Distributable Earnings $10.8M ($0.20/share).","Full year 2023 GAAP net loss $38.9M ($0.72/share); Distributable Earnings $58.4M ($1.06/share).","Q1 2024 dividend cut to $0.25/share from $0.33/share (prior quarter), a 24% reduction.","Increased CECL reserves; commercial office and residential condo loans accounted for 87% of total reserves.","Ended 2023 with $185M available capital and reduced debt-to-equity ratio for flexibility."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-006104","json":"https://secwatch.observer/filing/0001628280-24-006104.json","markdown":"https://secwatch.observer/filing/0001628280-24-006104.md","text":"https://secwatch.observer/filing/0001628280-24-006104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529377/000162828024006104/0001628280-24-006104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529377/000162828024006104/acre-20240222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T19:12:59.562733+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a1c285e472b2faaffd11497294a555c75135ce58","claim":"Ares Commercial Real Estate Corp reported the quarter and year ended December 31, 2023 results: net income GAAP net income (loss) of $(39.4) million, EPS $(0.73) per diluted common share.","evidence_excerpt":"On February 22, 2024 , the registrant issued a press release announcing its financial results for the quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529377/000162828024006104/0001628280-24-006104-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Net income","value":"GAAP net income (loss) of $(39.4) million"},{"label":"EPS","value":"$(0.73) per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}