earnings
confidence high
sentiment negative
materiality 0.85
ACRE reports Q4 GAAP loss of $0.20/share; cuts quarterly dividend to $0.15
Ares Commercial Real Estate Corp
- Q4 GAAP net loss of $10.7M ($0.20/diluted share); full-year loss $35.0M ($0.64/share).
- Distributable Earnings (Loss) for Q4 of -$8.3M (-$0.15/share); full-year -$44.6M (-$0.82/share).
- Board declares Q1 2025 dividend of $0.15/share, down from $0.25/share in Q4 2024.
- Collected $166M in loan repayments post year-end, boosting available capital to over $200M as of Feb 10.
- Risk rated 4 & 5 loans declined 34% YoY; CEO cites focus on resolving remaining underperforming loans.