---
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"
generated_at: "2026-06-05T19:12:59.562733+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Ares Commercial Real Estate posts Q4 GAAP net loss of $39.4M; cuts dividend to $0.25/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-006104
- JSON: https://secwatch.observer/filing/0001628280-24-006104.json
- Plain text: https://secwatch.observer/filing/0001628280-24-006104.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter and year ended December 31, 2023
  - Net income: GAAP net income (loss) of $(39.4) million
  - EPS: $(0.73) per diluted common share
  - Result: reported results
  source text: On February 22, 2024 , the registrant issued a press release announcing its financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828024006104/0001628280-24-006104-index.htm

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