---
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"
generated_at: "2026-06-02T05:43:25.203950+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ACRE Q1 2024 GAAP net loss $12.3M ($0.23/sh); Distributable loss $33.5M ($0.62/sh)

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1529377/000162828024021910/0001628280-24-021910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529377/000162828024021910/acre-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021910
- JSON: https://secwatch.observer/filing/0001628280-24-021910.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021910.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2024
  - Net income: $(12.3) million
  - EPS: $(0.23) per diluted common share
  - Result: reported results
  source text: the registrant issued a press release announcing its financial results for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529377/000162828024021910/0001628280-24-021910-index.htm

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