Ares Commercial Real Estate Corporation (ACRE)

NYSE: ACRE · IEX Real-Time Price · USD
10.08
-0.21 (-2.04%)
Dec 5, 2023, 4:00 PM EST - Market closed
-2.04%
Market Cap 557.11M
Revenue (ttm) 105.78M
Net Income (ttm) 3.46M
Shares Out 54.14M
EPS (ttm) 0.06
PE Ratio 168.00
Forward PE 16.84
Dividend $1.32 (13.10%)
Ex-Dividend Date Dec 28, 2023
Volume 432,597
Open 10.06
Previous Close 10.29
Day's Range 10.02 - 10.21
52-Week Range 7.52 - 12.75
Beta 1.48
Analysts Hold
Price Target 9.50 (-5.75%)
Earnings Date Nov 3, 2023

About ACRE

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities. It has elected and qualified to be taxed as a real estate investment trust for the U... [Read more]

Industry REIT - Mortgage
Sector Real Estate
IPO Date Apr 26, 2012
Employees 1,200
Stock Exchange NYSE
Ticker Symbol ACRE
Full Company Profile

Financial Performance

In 2022, ACRE's revenue was $106.85 million, an increase of 4.68% compared to the previous year's $102.07 million. Earnings were $29.79 million, a decrease of -50.74%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for ACRE stock is "Hold." The 12-month stock price forecast is $9.5, which is a decrease of -5.75% from the latest price.

Price Target
$9.5
(-5.75% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Ares Commercial Real Estate Corporation Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

4 weeks ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2023

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the third quarter ended September 30, 2023 on Friday, November 3, 2023 ...

2 months ago - Business Wire

Ares Commercial Real Estate Corporation to Present at the BofA 2023 Global Real Estate Conference

NEW YORK, NY / ACCESSWIRE / September 6, 2023 / Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that its Chief Executive Officer, Bryan Donohoe, and its Chief Financial Officer, Ta...

3 months ago - Accesswire

Ares Commercial Real Estate Corporation Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

4 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2023

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the second quarter ended June 30, 2023 on Wednesday, August 2, 2023 pri...

5 months ago - Business Wire

Ares Commercial Real Estate Corporation Reports First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

7 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2023

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the first quarter ended March 31, 2023 on Tuesday, May 2, 2023 prior to...

8 months ago - Business Wire

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2022 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

10 months ago - Business Wire

Ares Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company”) today announced the 2022 tax treatment for the Company's common stock distributions (CUSIP # 04013V-10...

11 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ended December 31, 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the fourth quarter and full year ended December 31, 2022 on Wednesday...

11 months ago - Business Wire

Ares Commercial Real Estate Corporation Reports Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

1 year ago - Business Wire

2 Mortgage REITs With Soaring Yields And Short-Term Loans That Perform Better With Rising Interest Rates

There are two main classifications of real estate investment trusts (REITs): mortgage and equity. For the purpose of this article, we will focus on mortgage REITs.

Other symbols: STWD
1 year ago - Benzinga

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the third quarter ended September 30, 2022 on Wednesday, November 2, 20...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Reports Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the second quarter ended June 30, 2022 on Friday, July 29, 2022 prior t...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Announces Pricing of Offering of Common Stock

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE) announced today the pricing of an underwritten public offering of 7,000,000 shares of common stock for to...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Announces Launch of Offering of Common Stock

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE) announced today the launch of an underwritten public offering of 7,000,000 shares of common stock. The Co...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Reports First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2022

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the first quarter ended March 31, 2022 on Tuesday, May 3, 2022 prior to...

1 year ago - Business Wire

Taconic Capital Advisors and HEI Hotels & Resorts Partner to Acquire Westchester Marriott From Ares Commercial Real Estate Corporation

NEW YORK--(BUSINESS WIRE)--Taconic Capital Advisors (“Taconic”), HEI Hotels & Resorts (“HEI”) and Ares Commercial Real Estate Corporation (“ACRE”) announced today that Taconic and HEI have partnered t...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2021 Results

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, repor...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ended December 31, 2021

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the fourth quarter and full year ended December 31, 2021 on Tuesday, Fe...

1 year ago - Business Wire

Ares Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2021

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company”) today announced the 2021 tax treatment for the Company's common stock distributions (CUSIP # 04013V-10-8...

2 years ago - Business Wire

Ares Commercial Real Estate Corporation Appoints Rebecca Parekh to its Board of Directors

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation announced today that it has appointed Rebecca Parekh to its Board of Directors, effective immediately. Ms. Parekh's appointment expan...

2 years ago - Business Wire

Ares Commercial Real Estate Corporation Adds New Borrowing Capacity to Support Further Growth

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE) announced today that it has entered into an agreement to increase its existing Term Loan from $60.0 mill...

2 years ago - Business Wire