Ares Commercial Real Estate Corp. (ACRE)

NYSE: ACRE · IEX Real-Time Price · USD
11.56
-0.55 (-4.54%)
Dec 5, 2022 4:00 PM EST - Market closed
-4.54%
Market Cap 659.30M
Revenue (ttm) 106.55M
Net Income (ttm) 44.03M
Shares Out 54.42M
EPS (ttm) 0.89
PE Ratio 12.99
Forward PE 7.82
Dividend $1.07 (9.26%)
Ex-Dividend Date Dec 29, 2022
Volume 721,763
Open 12.01
Previous Close 12.11
Day's Range 11.53 - 12.11
52-Week Range 9.99 - 16.48
Beta 1.36
Analysts Buy
Price Target 13.62 (+17.8%)
Earnings Date Nov 2, 2022

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. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities. The company has elected and qualified to be taxed as a real est... [Read more]

Industry Mortgage Real Estate Investment Trusts (REITs)
IPO Date Apr 26, 2012
CEO Bryan Donohoe
Country United States
Stock Exchange NYSE
Ticker Symbol ACRE
Full Company Profile

Financial Performance

In 2021, ACRE's revenue was $102.07 million, an increase of 23.43% compared to the previous year's $82.70 million. Earnings were $60.46 million, an increase of 176.83%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for ACRE stock is "Buy." The 12-month stock price forecast is 13.62, which is an increase of 17.82% from the latest price.

Price Target
$13.62
(17.82% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ares Commercial Real Estate (ACRE) Q3 Earnings Top Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 11.43% and 2.12%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the ...

1 month ago - Zacks Investment Research

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, reporte...

1 month ago - Business Wire

Analysts Estimate Ares Commercial Real Estate (ACRE) to Report a Decline in Earnings: What to Look Out for

Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

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 month ago - Benzinga

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended Se...

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, 2022...

1 month ago - Business Wire

Ares Commercial Real Estate (ACRE) Tops Q2 Earnings and Revenue Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 15.15% and 9.10%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

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, reporte...

4 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended J...

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 to ...

4 months 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 tota...

6 months 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 Comp...

6 months ago - Business Wire

Ares Commercial Real Estate (ACRE) Q1 Earnings and Revenues Miss Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of -2.86% and 5.75%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

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, reporte...

7 months ago - Business Wire

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended Ma...

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 t...

7 months ago - Business Wire

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

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 to ...

8 months ago - Business Wire

Ares Commercial Real Estate (ACRE) Q4 Earnings and Revenues Top Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 7.89% and 8.08%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the st...

9 months ago - Zacks Investment Research

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, reporte...

9 months ago - Business Wire

Earnings Preview: Ares Commercial Real Estate (ACRE) Q4 Earnings Expected to Decline

Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Ful...

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, Febr...

10 months 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)....

10 months ago - Business Wire

Has Ares Commercial Real Estate (ACRE) Outpaced Other Finance Stocks This Year?

Here is how Ares Commercial Real Estate (ACRE) and KKR & Co. Inc. (KKR) have performed compared to their sector so far this year.

11 months ago - Zacks Investment Research

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 expands...

11 months 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 millio...

1 year ago - Business Wire

Ares Commercial Real Estate (ACRE) Beats Q3 Earnings and Revenue Estimates

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 8.82% and 2.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the s...

1 year ago - Zacks Investment Research

Ares Commercial Real: Q3 Earnings Insights

Ares Commercial Real (NYSE:ACRE) reported its Q3 earnings results on Wednesday, November 3, 2021 at 08:00 AM. Here's what investors need to know about the announcement.

1 year ago - Benzinga

Ares Commercial Real Estate Corporation Reports Third Quarter 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, reporte...

1 year ago - Business Wire