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Sep 30, 2022
Ares Commercial Real Estate Q3 2022 Earnings Report
Reported strong earnings driven by higher interest rates on its floating rate loan portfolio.
Key Takeaways
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.
Generated strong earnings driven by higher interest rates.
Focused on originating senior loans backed by high quality commercial properties.
Opportunistically acquired investment grade commercial real estate securities at attractive credit spreads.
Maintained a strong liquidity position of $156 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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