{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021910","form_type":"8-K","ticker":"ACRE","cik":"0001529377","company_name":"Ares Commercial Real Estate Corp","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.856062+00:00","generated_at":"2026-06-02T05:43:25.203950+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ACRE Q1 2024 GAAP net loss $12.3M ($0.23/sh); Distributable loss $33.5M ($0.62/sh)","bullets":["GAAP net loss of $12.3M, or $0.23 per diluted share; Distributable Earnings loss of $33.5M, or $0.62 per diluted share.","Exited or restructured four loans; non-accrual principal balance declined 31% QoQ.","Total debt reduced 8% to below $1.5 billion; balance sheet de-leveraging continues.","Q2 2024 dividend declared at $0.25 per share, payable July 16, 2024 to holders of record June 28, 2024.","CEO cites progress on underperforming loans and Ares platform as positioned to drive shareholder value."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021910","json":"https://secwatch.observer/filing/0001628280-24-021910.json","markdown":"https://secwatch.observer/filing/0001628280-24-021910.md","text":"https://secwatch.observer/filing/0001628280-24-021910.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529377/000162828024021910/0001628280-24-021910-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529377/000162828024021910/acre-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:43:25.203950+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":"36ee8468fcab31abf41ff00b264c8d524d9cebb0","claim":"Ares Commercial Real Estate Corp reported the quarter ended March 31, 2024 results: net income $(12.3) million, EPS $(0.23) per diluted common share.","evidence_excerpt":"the registrant issued a press release announcing its financial results for the quarter ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529377/000162828024021910/0001628280-24-021910-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$(12.3) million"},{"label":"EPS","value":"$(0.23) per diluted common share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}