earnings
confidence high
sentiment positive
materiality 0.75
ACRE reports Q1 GAAP net income $9.3M ($0.17/diluted share); declares $0.15 dividend
Ares Commercial Real Estate Corp
- GAAP net income $9.3M ($0.17/diluted common share); Distributable Earnings $7.2M ($0.13/share).
- Received $307M loan repayments in Q1; reduced borrowings, increased liquidity.
- Available capital $147M as of May 2, including $113M cash (~$2.00/share).
- Board declared Q2 2025 dividend of $0.15/share, payable July 15, 2025 to holders of record June 30, 2025.
- CEO cites stable-to-improving portfolio trends and Ares' GCP acquisition as competitive advantage.