Loading...
•
Sep 30, 2023
Ares Commercial Real Estate Q3 2023 Earnings Report
Reported third quarter results with net income of $9.2 million and distributable earnings of $13.5 million.
Key Takeaways
Ares Commercial Real Estate Corporation reported GAAP net income of $9.2 million, or $0.17 per diluted common share, and Distributable Earnings of $13.5 million, or $0.25 per diluted common share, for the third quarter of 2023. The company continued to operate with significant liquidity and moderate leverage, enabling them to maximize credit outcomes and selectively originate new loans.
GAAP net income was $9.2 million or $0.17 per diluted common share.
Distributable Earnings were $13.5 million or $0.25 per diluted common share.
The company resolved one defaulted loan during the quarter, resulting in a realized loss of $0.09 per diluted common share.
A regular cash dividend of $0.33 per common share was declared for the third quarter of 2023.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...