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Dec 31, 2022
Ares Commercial Real Estate Q4 2022 Earnings Report
Ares Commercial Real Estate reported fourth quarter and full year results for 2022.
Key Takeaways
Ares Commercial Real Estate Corporation reported GAAP net income of $2.9 million or $0.05 per diluted common share and Distributable Earnings of $23.9 million or $0.44 per diluted common share for the fourth quarter of 2022. The company's strong liquidity position was further enhanced by $319 million of repayments received in the fourth quarter.
Reported GAAP net income of $2.9 million or $0.05 per diluted common share for Q4 2022.
Distributable Earnings of $23.9 million or $0.44 per diluted common share for Q4 2022.
Declared a regular cash dividend of $0.33 per common share and a supplemental cash dividend of $0.02 per common share for the fourth quarter of 2022.
Received $319 million of repayments in the fourth quarter, enhancing the company's liquidity position.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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