Highest-materiality recent filing
Ares Commercial Real Estate Q2 GAAP net income $4.4M ($0.08/share); declares $0.15 dividend
GAAP net income $4.4M ($0.08 diluted EPS); Distributable Earnings $6.9M ($0.12 diluted EPS).
Ares Commercial Real Estate Corporation reports 2026 Annual Meeting voting results
Stockholders elected William S. Benjamin and Caroline E. Blakely as Class II directors with over 15.7 million votes for each.
Ares Commercial Real Estate reports Q1 GAAP net loss of $9.6M; distributable earnings $3.2M
GAAP net loss of $(9.6)M or $(0.17) per diluted share for Q1 2026.
ACRE extends Morgan Stanley repurchase facility to July 2029, ups commitment to $350M
Initial maturity extended to July 16, 2029 with one 12-month extension option subject to conditions and fee.
ACRE subsidiary extends secured revolving facility maturity to Dec 31, 2026
ACRC Lender LLC, a subsidiary of Ares Commercial Real Estate Corporation, amended its secured revolving funding facility with City National Bank.
ACRE Q4 GAAP net loss of $3.9M; full-year loss $0.9M; dividend maintained at $0.15
Q4 GAAP net loss of $3.9M ($0.07/diluted share); Distributable Earnings of $8.5M ($0.15/share).
Ares Commercial Real Estate upsizes Wells Fargo repurchase facility to $600M from $450M
Subsidiaries entered an amendment to the master repurchase agreement with Wells Fargo on Dec 18, 2025.
ACRE reports Q3 GAAP net income $4.7M ($0.08/sh); Distributable Earnings $5.5M ($0.10/sh)
GAAP net income of $4.7M ($0.08 diluted EPS); Distributable Earnings of $5.5M ($0.10 diluted EPS).
ACRE Q2 GAAP net loss $0.20; distributable loss $0.51; closed $43M new loans
GAAP net loss of $11.0M ($0.20 per diluted share); distributable loss of $27.9M ($0.51 per share).
Reduced facility commitment from $250M to $150M; accordion provision allows increase back to $250M.
Ares Commercial Real Estate stockholders elect directors, ratify auditor, approve say-on-pay
William L. Browning, Edmond N. Moriarty III, Rebecca J. Parekh elected Class I directors with 20.5M, 16.2M, 18.3M votes for.
ACRE reports Q1 GAAP net income $9.3M ($0.17/diluted share); declares $0.15 dividend
GAAP net income $9.3M ($0.17/diluted common share); Distributable Earnings $7.2M ($0.13/share).
ACRE reports Q4 GAAP loss of $0.20/share; cuts quarterly dividend to $0.15
Q4 GAAP net loss of $10.7M ($0.20/diluted share); full-year loss $35.0M ($0.64/share).
ACRE extends Citi repurchase facility to Jan 2027 with accordion to $425M
Amendment extends facility expiration and funding availability to January 13, 2027.
Ares Commercial Real Estate reports Q3 GAAP net loss of $5.9M; declares $0.25 dividend
GAAP net loss of $5.9M ($0.11 per diluted share); Distributable Earnings of $3.7M ($0.07 per share).
Ares Commercial Real Estate posts Q2 net loss $0.11/share; appoints new CFO and COO
GAAP net loss of $6.1M ($0.11 per diluted share); Distributable Earnings loss of $6.6M ($0.12 per share).
Shareholders approve 2.5M share increase to equity plan and re-elect directors at annual meeting
Re-elected Class III directors Rand S. April, Bryan P. Donohoe, and James E. Skinner.
ACRE Q1 2024 GAAP net loss $12.3M ($0.23/sh); Distributable loss $33.5M ($0.62/sh)
GAAP net loss of $12.3M, or $0.23 per diluted share; Distributable Earnings loss of $33.5M, or $0.62 per diluted share.
Director Michael Arougheti not standing for re-election; CEO Donohoe nominated to board
Michael J. Arougheti will not stand for re-election at the May 22, 2024 Annual Meeting; no disagreement with company.
Ares Commercial Real Estate posts Q4 GAAP net loss of $39.4M; cuts dividend to $0.25/share
Q4 GAAP net loss $39.4M ($0.73/share); Distributable Earnings $10.8M ($0.20/share).
ACRE extends CNB revolving facility maturity to March 2025, adjusts rate to SOFR+3.25%
Maturity extended to March 10, 2025; one 12-month extension option available subject to fees and conditions.
ACRE Q3 GAAP net income $9.2M; Distributable Earnings $13.5M; declares $0.33 dividend
Q3 GAAP net income $9.2M ($0.17/diluted share); Distributable Earnings $13.5M ($0.25/diluted share).
Ares Commercial Real Estate posts investor slide deck; no new financial details provided
Slide presentation made available on company website for analyst and investor meetings starting Sept 13, 2023.
ACRE reports Q2 2023 GAAP net loss of $2.2M; Distributable Earnings of $19.0M covers dividend
GAAP net loss of $2.2M ($0.04/diluted share); Distributable Earnings of $19.0M ($0.35/share) for Q2.
Ares Commercial Real Estate shareholders elect directors, ratify auditor, approve say-on-pay
William S. Benjamin elected as Class II director with 18,313,095 votes for (4,422,561 withheld).
ACRE reports Q1 GAAP net loss $0.12/share; Distributable Earnings $0.27/share; declares Q2 dividend
GAAP net loss $6.4M ($0.12 diluted EPS); Distributable Earnings $15.1M ($0.27).
ACRE reports Q4 GAAP EPS $0.05, Distributable EPS $0.44; declares $0.35/sh dividend
GAAP net income Q4 $2.9M ($0.05/diluted share); full year $29.8M ($0.57/share).
Ares Commercial Real Estate extends Wells Fargo repurchase facility to Dec 2025, modifies pricing
Initial maturity extended to Dec 15, 2025; two one-year extension options to Dec 2026 and Dec 2027.
Ares CRE reports Q3 distributable earnings $21.3M ($0.39/share); declares $0.35 dividend for Q4
GAAP net income $0.6M ($0.01/diluted share) vs Distributable Earnings $21.3M ($0.39/share) for Q3 2022.
ACRE Q2 GAAP net income $10.0M ($0.20/share); Distributable Earnings $19.2M ($0.38/share)
GAAP net income $10.0M ($0.20 diluted EPS); Distributable Earnings $19.2M ($0.38 diluted EPS) for Q2 2022.
ACRE shareholders approve 1.1M share increase to equity plan, re-elect three directors
Shareholders approved First Amendment to 2012 Equity Incentive Plan, increasing share reserve by 1.1M shares.
Ares Commercial Real Estate raises ~$103.1M in 7M-share public offering
Underwriting agreement signed May 17, 2022 for 7,000,000 shares of common stock; underwriters granted 30-day option for 1,050,000 additional shares.
Ares Commercial Real Estate corrects risk classification error in Q1 2022 10-Q
Error in risk rating table in Note 4 (CECL) of the March 31, 2022 10-Q, filed May 3, 2022.
GAAP net income $16.2M ($0.34 diluted EPS); Distributable Earnings $16.3M ($0.34/share).
ACRE Q4 GAAP EPS $0.36, Distributable EPS $0.41; full year $1.42, $1.55; record originations $1.4B
Q4 GAAP net income $17.2M ($0.36/diluted); Distributable Earnings $19.4M ($0.41/diluted).
Ares Commercial Real Estate extends Citi Facility to Jan 2025, adds SOFR pricing
Amendment extends Citi Facility expiration and funding availability by three years, until January 13, 2025.
Ares Commercial Real Estate appoints Rebecca Parekh to board, expanding to eight members
Board increased from 7 to 8 members; Parekh appointed as independent Class I director effective December 16, 2021.
Extended Citi repurchase facility expiration and funding availability period to January 13, 2022.
ACRE upsizes term loan to $150M, cuts pricing, extends maturity to 2026; CNB facility raised to $75M
Term loan increased from $60M to $150M; initial fixed rate 4.50% (down from LIBOR+5.75%).
ACRE reports Q3 GAAP net income $0.21/sh; Distributable Earnings $0.37/sh
GAAP net income of $10.0M ($0.21 per diluted share); Distributable Earnings $17.5M ($0.37 per share).
ACRE Q2 GAAP net income $0.43/sh; Distributable EPS $0.37; $311M new loan commitments
GAAP net income $17.6M ($0.43 per diluted share); Distributable Earnings $15.1M ($0.37 per diluted share).
the Board will nominate Bryan P. Donohoe, the Company’s Chief Executive Officer, for election as a Class III director to replace Mr. Arougheti following the Annual Meeting
Michael J Arougheti notified Ares Commercial Real Estate Corporation (the “Company”) that he would not stand for re-election as a director of the Company at the Company’s 2024 Annual Meeting of Stockholders to be held on May 22, 2024
appointed Rebecca J. Parekh as an independent Class I director to fill the vacancy created by such increase.
Max materiality 0.85 · Median 0.65 · Most common event earnings