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Ares Commercial Real Estate Corporation  (ACRE)
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Ares Commercial Real Estate Corporation

ACRE's Financial Statements and Analysis



Ares Commercial Real Estate Corporation reported in the forth quarter of 2023 net loss per share of $-0.24 compare to earnings per share of $0.05 in the same quarter a year ago a decrease from $0.17 eps realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ -0.24 $  18 Mill
$-0.29     $-13M     -42.28 %



Ares Commercial Real Estate's Revenue fell by -42.28 % in forth quarter of 2023 (Dec 31 2023) year on year, to $18 million and declined by -26.51 % sequentially.


Ares Commercial Real Estate is

More on ACRE's Income Statement



Ares Commercial Real Estate's in theforth quarter of 2023 recorded net loss of $-39.414 million, compare to net income of $2.909 million achieved in IV. Quarter a year ago.

Sequentially company realized a net loss, compared to net income of $9.184 million in the previous quarter.

More on ACRE's Growth

Ares Commercial Real Estate Inventories
ACRE's Cash flow In the forth quarter of 2023 company's net cash flow was $49 million


Ares Commercial Real Estate Corporation payed out dividend of $1.37 per share in last 52 weeks

In trailing twelve-month period Ares Commercial Real Estate Corporation earned $ 0.87 cash per share, on a free-cash flow basis .

Book value fell by -6.98 % sequentially to $11.59 per share, -375.11% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 11.59 per share from $ 12.46.

Company repurchased 0.81 million shares or 1.49 % in Dec 31 2023.
Interest Coverage Ratio was 0.56. Debt Coverage Ratio was 0.06.

More on ACRE's Dividends

 Market Capitalization (Millions) 405
 Shares Outstanding (Millions) 54
 Total Debt (Millions $) 789
 Revenue (TTM) (Millions $) 93
 Net Income (TTM) (Millions $) -39
 Cash Flow (TTM) (Millions $) -31
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 1.37 $
 Dividend Yield TTM (%) 17.87 %
 Employees (TTM) $ 51




Ares Commercial Real Estate Corporation payed out dividend of $1.37 per share in the last 52 weeks

In trailing twelve-month period Ares Commercial Real Estate Corporation had $ 0.87 cash flow per share, on a free-cash flow basis .

Book value fell by -6.98 % sequentially to $11.59 per share, -375.11% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 11.59 per share from $ 12.46.

Company repurchased 0.81 million shares or 1.49 % in Dec 31 2023.
Interest Coverage Ratio was 0.56. Debt Coverage Ratio was 0.06.

More on ACRE's Balance Sheets

 Market Capitalization (Millions) 405
 Shares Outstanding (Millions) 54
 Total Debt (Millions $) 789
 Revenue (TTM) (Millions $) 93
 Net Income (TTM) (Millions $) -39
 Cash Flow (TTM) (Millions $) -31
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 1.37 $
 Dividend Yield TTM (%) 17.87 %
 Employees (TTM) $ 51
   


  News about Ares Commercial Real Estate Corporation Earnings

ACRE Reports Deficit in Q4 2023 Financial Results

However, it is important to...

ACRE Shatters Expectations with 1600% Surge in Earnings and Unprecedented Revival in Q3 2023

In the fiscal third quarter of 2023, Ares Commercial Real Estate...

Ares Commercial Real Estate Corporation Reports Bigger Loss Compared to Last Year Amid Disappointing Fiscal Period Performance



Ares Commercial Real Estate Corporation recently reported its financial results for the most recent fiscal period. The company experienced a decline in revenue, resulting in a deficit compared to the previous year. This article will provide an overview of the facts presented in the financial results and analyze their implications for the company.
Declining Business Leads to Deficit:
In the most recent fiscal period, Ares Commercial Real Estate Corporation witnessed a decline in revenue. The company's revenue sunk by -0.62%, reaching $24.99 million. This represents a decrease compared to the $26.50 million reported in the preceding reporting period, reflecting a decline of -5.702%. The decli...

Regardless of Strong revenue Profitability not Reached by the ACRE during the fiscal interval ending March 31 2023

Despite Ares Commercial Real Estate Corporation's (ACRE) revenue increasing by 10.315% to $26.50 million in the most recent fiscal period, the company slipped into a loss of $0.12 per share. This was a result of a decrease of 12.851% in revenue from the prior quarter, where revenue was $30.41 million and earnings per share (EPS) fell from $0.05 per share.
For the financial period ending March 31, 2023, ACRE recorded a net loss of $6.439 million, a significant decline from the net earnings of $16.201 million for the comparable quarter a year earlier. Furthermore, the company's operating earnings fell by 88.65%, totaling $2.294 million, which led to a significant contraction in ACRE's operating margin, fal...


Date modified: 2024-02-22T17:03:10+00:00





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