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Mar 31, 2020
Ares Commercial Real Estate Q1 2020 Earnings Report
Reported a GAAP net loss and Core Earnings for the first quarter of 2020.
Key Takeaways
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.
The company relied on its team and credit focused investment philosophy to manage its portfolio and liquidity position during the COVID-19 pandemic.
The portfolio is comprised of 95% senior loans with 62% collateralized by multifamily, office and industrial properties.
The portfolio performed relatively well with no impairments as of quarter end.
All loan debt service payments were received for the April 2020 payment date.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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