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.