Ares Commercial Real Estate reports Q3 GAAP net loss of $5.9M; declares $0.25 dividend

Ares Commercial Real Estate Corp

GAAP net loss of $5.9M ($0.11 per diluted share); Distributable Earnings of $3.7M ($0.07 per share).
Risk rated 4 and 5 loans declined 33% QoQ; outstanding debt balance down 8% from prior quarter.
Declared Q4 2024 dividend of $0.25 per share, payable Jan 15, 2025 to holders of record Dec 31, 2024.
CEO Bryan Donohoe highlights progress on balance sheet strengthening and resolving underperforming assets.

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