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Dec 31, 2023
Ares Commercial Real Estate Q4 2023 Earnings Report
Ares Commercial Real Estate reported a net loss for Q4 2023, impacted by the commercial office property sector, but believes to be well-positioned due to their experience and capabilities across the Ares Real Estate Group, their liquidity, and their level of loss reserves.
Key Takeaways
Ares Commercial Real Estate Corporation reported a GAAP net loss of $(39.4) million or $(0.73) per diluted common share and Distributable Earnings of $10.8 million or $0.20 per diluted common share for the fourth quarter of 2023. The results were primarily impacted by the continuing deterioration of the commercial office property sector.
Q4 GAAP net loss was $(39.4) million or $(0.73) per diluted common share.
Q4 Distributable Earnings were $10.8 million or $0.20 per diluted common share.
Full year GAAP net loss was $(38.9) million or $(0.72) per diluted common share.
Full year Distributable Earnings were $58.4 million or $1.06 per diluted common share.
Forward Guidance
The company declared a regular cash dividend of $0.25 per common share for the first quarter of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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