Ares Commercial Real Estate Posts Narrower Loss In Q4

Ares Commercial Real Estate

4.74 EUR 0.00%

• Charts
• News
• Analysen

Kaufen Verkaufen

(RTTNews) - Specialty finance company Ares Commercial Real Estate Corporation (ACRE) reported Wednesday a net loss attributable to common stockholders for the first quarter of $10.66 million or $0.20 per share, compared to $39.41 million or $0.73 per share in the prior-year quarter.

Distributable loss was $0.15 per share, compared to distributable earnings of $0.20 per share last year.

Excluding realized losses, distributable earnings for the quarter was $0.18 per share, compared to $0.20 per share in the year-ago quarter.

On average, six analysts polled expected the company to report earnings of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter edged down to $17.51 million from $17.55 million in the same quarter last year. Analysts expected revenues of $16.83 million for the quarter.

The Board of Directors of the Company also declared a regular cash dividend of $0.15 per common share for the first quarter of 2025, payable on April 15, 2025 to common stockholders of record as of March 31, 2025.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com