Ares Commercial Real Estate Corp. (ACRE)
| 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]
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 StatementsAnalyst 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.
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 ...
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...
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.
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.
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...
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?
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...
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 ...
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...
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...
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?
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...
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...
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 ...
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...
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...
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.
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...
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)....
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.
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...
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...
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...
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.
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...