Business
Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2024 Results
Fourth quarter GAAP net income (loss) of $(10.7) million or $(0.20) per diluted common share and ...
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[{"type":"text","content":"Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2024 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.bwpadl4 { padding-left: 20px }\n.bwpadl8 { padding-left: 40px }\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.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth16 { width: 16% }\n.bwwidth62 { width: 62% }\n \n\n\n\n\n\n Fourth quarter GAAP net income (loss) of $(10.7) million or $(0.20) per diluted common share and\n \n\n\n\n Distributable Earnings (Loss)\n \n (1)\n \n of $(8.3) million or $(0.15) per diluted common share\n \n\n\n\n\n\n Full year GAAP net income (loss) of $(35.0) million or $(0.64) per diluted common share and\n \n\n\n\n Distributable Earnings (Loss)\n \n (1)\n \n of $(44.6) million or $(0.82)\n \n\n\n\n per diluted common share\n \n\n\n\n\n\n - Subsequent to the year ended December 31, 2024 -\n \n\n\n\n\n\n Declared first quarter 2025 dividend of $0.15 per common share\n \n\n\n\n\n\n Collected $166 million in repayments resulting in available capital of over $200 million\n \n (2)\n \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 (loss) of $(10.7) million or $(0.20) per diluted common share and Distributable Earnings (Loss)\n \n (1)\n \n of $(8.3) million or $(0.15) per diluted common share for the fourth quarter of 2024. The Company reported GAAP net income (loss) of $(35.0) million or $(0.64) per diluted common share and Distributable Earnings (Loss)\n \n (1)\n \n of $(44.6) million or $(0.82) per diluted common share for full year 2...