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Dec 31, 2020
Ares Commercial Real Estate Q4 2020 Earnings Report
Ares Commercial Real Estate reported fourth quarter GAAP net income and Distributable Earnings.
Key Takeaways
Ares Commercial Real Estate Corporation reported a GAAP net income of $14.4 million or $0.43 per diluted common share and Distributable Earnings of $13.7 million or $0.41 per diluted common share for the fourth quarter of 2020. The company ended the year in a position of strength with its highest quarterly Distributable Earnings in 2020.
Reported GAAP net income of $14.4 million or $0.43 per diluted common share for Q4 2020.
Distributable Earnings of $13.7 million or $0.41 per diluted common share for Q4 2020.
Declared first quarter 2021 dividend of $0.33 per diluted common share and a supplemental dividend of $0.02 per diluted common share.
Closed a $667 million Commercial Real Estate Collateralized Loan Obligation Securitization Transaction subsequent to year end.
Forward Guidance
Based on strong outlook for 2021 Distributable Earnings, the company declared its regular first quarter dividend of $0.33 per share as well as a supplemental quarterly dividend of $0.02 per share and expects this earnings benefit and the supplemental dividends to remain in place throughout 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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