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Dec 31, 2024
Ares Commercial Real Estate Q4 2024 Earnings Report
Ares Commercial Real Estate reported fourth quarter and full year 2024 results.
Key Takeaways
Ares Commercial Real Estate Corporation reported a GAAP net loss of $(10.7) million or $(0.20) per diluted common share and Distributable Earnings (Loss) of $(8.3) million or $(0.15) per diluted common share for the fourth quarter of 2024. The company is focused on addressing underperforming loans and REOs in 2025 and has lowered its quarterly dividend to $0.15 per share.
GAAP net income (loss) of $(10.7) million or $(0.20) per diluted common share for Q4 2024.
Distributable Earnings (Loss) of $(8.3) million or $(0.15) per diluted common share for Q4 2024.
Collected $166 million in repayments resulting in available capital of over $200 million.
First quarter 2025 dividend declared at $0.15 per common share.
Forward Guidance
The company remains focused on addressing underperforming loans and REOs in 2025. Earnings during the year are expected to be impacted by a more flexible balance sheet position.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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