Business
Ares Commercial Real Estate Corporation Reports First Quarter 2025 Results
First quarter GAAP net income of $9.3 million or $0.17 per diluted common share and Distribut...
About this update from American Critical Elements Inc
[{"type":"text","content":"Ares Commercial Real Estate Corporation Reports First Quarter 2025 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth18 { width: 18% }\n.bwwidth33 { width: 33% }\n.bwwidth58 { width: 58% }\n.bwwidth59 { width: 59% }\n.bwwidth67 { width: 67% }\n \n\n\n\n\n\n First quarter GAAP net income of $9.3 million or $0.17 per diluted common share and\n \n\n Distributable Earnings\n \n (1)\n \n of $7.2 million or $0.13\n \n\n\n\n per diluted common share\n \n\n\n\n\n\n - Subsequent to the three months ended March 31, 2025 -\n \n\n\n\n\n\n Declared second quarter 2025 dividend of $0.15 per common share\n \n\n\n\n\n\n Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company primarily engaged in directly originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $9.3 million or $0.17 per diluted common share and Distributable Earnings\n \n (1)\n \n of $7.2 million or $0.13 per diluted common share for the first quarter of 2025.\n \n\n “In the first quarter, we successfully increased liquidity, further reduced debt and achieved our targeted balance sheet position,” said Bryan Donohoe, Chief Executive Officer of Ares Commercial Real Estate Corporation. “Stable to improving trends across the portfolio coupled with our strong available capital allows us to actively consider a wider range of uses for our additional liquidity. In support of these efforts, the scale and experience of the Ares Real Estate team, enhanced by Ares’ recent acquisition of GCP, advantages...