ARES COMMERCIAL REAL ESTATE (ACRE)
US04013V1089 - REIT
ARES COMMERCIAL REAL ESTATE
NYSE:ACRE (4/25/2024, 7:04:00 PM)
After market: 6.87 +0.1 (+1.48%)6.77
-0.16 (-2.31%)
Company Profile
Ares Commercial Real Estate Corp. engages in originating and investing in commercial real estate loans and related investments. The company is headquartered in Chicago, Illinois and currently employs 2,550 full-time employees. The company went IPO on 2012-04-26. The firm is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The firm operates through its segment, which is primarily focused on directly originating and managing a diversified portfolio of CRE debt-related investments for the Company’s own account. The Company’s target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential, and other commercial real estate properties, or by ownership interests therein. The Company’s portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
Company Info
ARES COMMERCIAL REAL ESTATE
245 Park Ave Fl 42
Chicago ILLINOIS 10167
P: 13123245900
CEO: Bryan Donohoe
Employees: 2550
Website: https://www.arescre.com/
ACRE News
2 months ago - Seeking AlphaAres Commercial Real Estate Q4 results dented by CRE woes; stock slides (NYSE:ACRE)Ares Commercial Real Estate (ACRE) reports underwhelming Q4 results with dividend cut and increased reserves due to commercial office property decline.
2 months ago - Seeking AlphaAres Commercial Real Estate slashes dividend by 24.2% to $0.25 (NYSE:ACRE)Ares Commercial Real Estate (ACRE) declares $0.25/share quarterly dividend, -24.2% decrease from prior dividend of $0.33. Forward yield 12.21% Payable April 16;
2 months ago - Seeking AlphaAres Commercial Real Estate Non-GAAP EPS of $0.20, revenue of $17.55M misses by $6.39M (NYSE:ACRE)Ares Commercial Real Estate (ACRE) reports Q4 distributable earnings of $10.8 million or $0.20 per diluted common share, missing revenue expectations by...
2 months ago - Ares Commercial Real EstateAres Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2023 Results
4 months ago - Market News VideoCommit To Buy Ares Commercial Real Estate At $7.50, Earn 6.3% Annualized Using Options
5 months ago - Seeking AlphaAres Commercial Real Estate cut to Perform at JMP amid credit challenges (NYSE:ACRE)JMP downgrades Ares Commercial Real Estate (ACRE) to Market Perform from Outperform as the commercial mortgage REIT works through problem loans.
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