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Jun 30, 2020
Ares Commercial Real Estate Q2 2020 Earnings Report
Reported GAAP net income and Core Earnings for the second quarter of 2020.
Key Takeaways
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.
GAAP net income was $9.8 million or $0.29 per diluted common share.
Core Earnings were $10.7 million or $0.32 per diluted common share.
Credit quality showed further improvement through active asset management.
Enhanced liquidity by selling or partly monetizing five loans totaling $238 million in outstanding principal balance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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