Ares Commercial Real Estate

Jul 30, 2021

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Jun 30, 2021

Ares Commercial Real Estate Q2 2021 Earnings Report

Reported strong second quarter results with distributable earnings per share up 16% year-over-year and closed $311 million of new loan commitments.

Key Takeaways

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.

GAAP net income was $17.6 million or $0.43 per diluted common share.

Distributable Earnings were $15.1 million or $0.37 per diluted common share.

Closed $311 million of new loan commitments during the second quarter.

Declared a third quarter dividend of $0.33 per diluted common share and a supplemental dividend of $0.02 per diluted common share.