Ares Commercial Real Estate Corporation (ACRE) reported a GAAP net income loss of $(3.9) million, or $(0.07) per diluted common share, for the fourth quarter of 2025. Despite the GAAP loss, the company achieved Distributable Earnings of $8.5 million, or $0.15 per diluted common share, indicating a stronger operational performance from a non-GAAP perspective. The company also closed $150 million of new loan commitments subsequent to year-end and declared a first quarter 2026 dividend of $0.15 per common share.

Ares Commercial Real Estate Corporation posted a GAAP net income of $4.7 million for Q3 2025, driven by real estate revenue and a reversal of credit losses. Liquidity remains solid with $84.9 million in cash and ongoing investment momentum.

Ares Commercial Real Estate Corporation reported a net income of $9.345 million for the first quarter of 2025, a significant improvement from a net loss of $12.323 million in the same period last year. This turnaround was primarily influenced by a reversal of current expected credit losses, which contributed positively to earnings, despite a decrease in total revenue.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $(10.7) million or $(0.20) per diluted common share and Distributable Earnings (Loss) of $(8.3) million or $(0.15) per diluted common share for the fourth quarter of 2024. The company is focused on addressing underperforming loans and REOs in 2025 and has lowered its quarterly dividend to $0.15 per share.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings of $3.7 million or $0.07 per diluted common share for the third quarter of 2024. The company focused on strengthening its balance sheet and resolving risk-rated loans.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $(6.1) million and Distributable Earnings (Loss) of $(6.6) million for the second quarter of 2024. The company is focused on resolving risk-rated loans and maintaining financial flexibility.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $(12.3) million, or $(0.23) per diluted common share, and Distributable Earnings (Loss) of $(33.5) million, or $(0.62) per diluted common share for Q1 2024. The company focused on resolving underperforming loans and reducing debt.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $(39.4) million or $(0.73) per diluted common share and Distributable Earnings of $10.8 million or $0.20 per diluted common share for the fourth quarter of 2023. The results were primarily impacted by the continuing deterioration of the commercial office property sector.

Ares Commercial Real Estate Corporation reported GAAP net income of $9.2 million, or $0.17 per diluted common share, and Distributable Earnings of $13.5 million, or $0.25 per diluted common share, for the third quarter of 2023. The company continued to operate with significant liquidity and moderate leverage, enabling them to maximize credit outcomes and selectively originate new loans.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $2.2 million, or $0.04 per diluted common share, and Distributable Earnings of $19.0 million, or $0.35 per diluted common share, for the second quarter of 2023. The company bought back approximately 1.0% of its outstanding common shares at an average price of $8.58 per common share during the quarter.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $6.4 million, or $0.12 per diluted common share, and Distributable Earnings of $15.1 million, or $0.27 per diluted common share, for the first quarter of 2023. The company's results benefited from higher interest rates and progress in resolving watch list assets.

Ares Commercial Real Estate Corporation reported GAAP net income of $2.9 million or $0.05 per diluted common share and Distributable Earnings of $23.9 million or $0.44 per diluted common share for the fourth quarter of 2022. The company's strong liquidity position was further enhanced by $319 million of repayments received in the fourth quarter.

Ares Commercial Real Estate Corporation reported GAAP net income of $0.6 million, or $0.01 per diluted common share, and Distributable Earnings of $21.3 million, or $0.39 per diluted common share, for the third quarter of 2022. The company's performance was primarily driven by the benefits of higher interest rates on its floating rate loan portfolio.

Ares Commercial Real Estate Corporation reported GAAP net income of $10.0 million, or $0.20 per diluted common share, and Distributable Earnings of $19.2 million, or $0.38 per diluted common share, for the second quarter of 2022. The company expects to fully cover its regular and supplemental dividends from Distributable Earnings for the full year.

Ares Commercial Real Estate Corporation reported GAAP net income of $16.2 million, or $0.34 per diluted common share, and Distributable Earnings of $16.3 million, or $0.34 per diluted common share, for the first quarter of 2022. The company closed $263 million of new loan commitments during the quarter.

Ares Commercial Real Estate Corporation reported GAAP net income of $17.2 million or $0.36 per diluted common share and Distributable Earnings of $19.4 million or $0.41 per diluted common share for the fourth quarter of 2021. The company generated strong earnings for both the fourth quarter and full year driven by record originations of $1.4 billion while maintaining stable credit quality.

Ares Commercial Real Estate Corporation reported GAAP net income of $10.0 million, or $0.21 per diluted common share, and Distributable Earnings of $17.5 million, or $0.37 per diluted common share, for the third quarter of 2021. The company fully deployed the proceeds from its June equity offering, growing its loan portfolio by more than 30% compared to the same period last year.

Ares Commercial Real Estate Corporation reported GAAP net income of $17.6 million, or $0.43 per diluted common share, and Distributable Earnings of $15.1 million, or $0.37 per diluted common share, for the second quarter of 2021. The company closed $311 million of new loan commitments during the quarter and another $254 million subsequent to the end of the quarter.

Ares Commercial Real Estate Corporation reported GAAP net income of $15.7 million, or $0.45 per diluted common share, and Distributable Earnings of $13.9 million, or $0.40 per diluted common share, for the first quarter of 2021. The company's strong earnings and accretive equity offering drove growth in book value per share. The portfolio performed well with no new loans on non-accrual status and 100% of contractual interest payments collected.

Ares Commercial Real Estate Corporation reported a GAAP net income of $14.4 million or $0.43 per diluted common share and Distributable Earnings of $13.7 million or $0.41 per diluted common share for the fourth quarter of 2020. The company ended the year in a position of strength with its highest quarterly Distributable Earnings in 2020.

Ares Commercial Real Estate Corporation reported GAAP net income of $14.9 million or $0.44 per diluted common share and Core Earnings of $10.5 million or $0.31 per diluted common share for the third quarter of 2020. The company's focus on defensive positioning of its portfolio and funding sources has enabled it to successfully navigate market downturns. The company is seeing an improvement in market activity and the quality of investment opportunities.

Ares Commercial Real Estate Corporation reported GAAP net income of $9.8 million or $0.29 per diluted common share and Core Earnings of $10.7 million or $0.32 per diluted common share for the second quarter of 2020. The portfolio remains well positioned with 95% of the portfolio in senior loans and 96% with LIBOR floors or are fixed rate. 100% of loans held for investment made their contractual debt service payments through the July 2020 payment date.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $17.3 million or $0.54 per diluted common share and Core Earnings of $10.3 million or $0.32 per diluted common share for the first quarter of 2020.

Ares Commercial Real Estate Corporation reported GAAP net income of $9.7 million, or $0.33 per diluted common share, and Core Earnings of $10.7 million, or $0.37 per diluted common share, for the fourth quarter of 2019. The company's strong performance was attributed to higher investment activity at attractive spreads and continued strong portfolio performance.