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Ares Commercial Real Estate Corporation (NYSE: ACRE) |
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Price: $5.9300
$0.12 
2.065%
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| Day's High:
| $5.985
| Week Perf:
| 9.21 %
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| Day's Low: |
$ 5.83 |
30 Day Perf: |
-13.18 % |
| Volume (M): |
505 |
52 Wk High: |
$ 10.53 |
| Volume (M$): |
$ 2,993 |
52 Wk Avg: |
$7.17 |
| Open: |
$5.87 |
52 Wk Low: |
$5.33 |
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| Market Capitalization (Millions $) |
323 |
| Shares
Outstanding (Millions) |
54 |
| Employees |
52 |
| Revenues (TTM) (Millions $) |
70 |
| Net Income (TTM) (Millions $) |
-64 |
| Cash Flow (TTM) (Millions $) |
11 |
| Capital Exp. (TTM) (Millions $) |
0 |
Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation (ACRE) is a publicly traded commercial real estate investment trust (REIT) that primarily focuses on originating and investing in a diverse portfolio of commercial real estate debt and other related investments. The company is headquartered in New York City and was founded in 2011.
ACRE specializes in providing flexible and innovative financing solutions to commercial real estate owners and operators. Its portfolio is diversified across different property types, including multi-family, office, retail, hotel, and industrial properties. ACR also invests in various mortgage-backed securities and other real estate-related investments.
The companyes investment strategy is focused on generating attractive risk-adjusted returns through a combination of current income and capital appreciation. ACREes team of experienced real estate investment professionals brings a breadth of knowledge and expertise to the table, allowing the company to identify and pursue the most attractive opportunities in the market.
One of the unique features of ACRE is its ability to offer customized financing solutions to its clients. The company has a range of different lending products, including first mortgages, bridge loans, and mezzanine debt, that can be tailored to meet the specific needs of its borrowers.
ACRE has a strong track record of delivering consistent and reliable returns to its shareholders. As of December 31, 2020, the company had a portfolio of investments with a fair value of approximately $2.2 billion and a net asset value of $1.1 billion. Its dividend yield has remained relatively stable over the past few years, with a current yield of around3%.
In summary, Ares Commercial Real Estate Corporation is a well-established commercial real estate investment trust that offers a range of financing solutions to the market. Its diversified portfolio and experienced team enable the company to deliver consistent and attractive returns to its shareholders.
Company Address: 245 Park Avenue New York 10167 NY
Company Phone Number: 750-7300 Stock Exchange / Ticker: NYSE ACRE
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| Stock Performances by Major Competitors |
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| Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation: Financial Performance Analysis and Market Context
Ares Commercial Real Estate Corporation (NYSE: ACRE) operates as a specialty finance company focused on originating and investing in commercial real estate assets. As of the latest reporting period, spanning April to June 30, 2024, the company?s financial results reveal a challenging landscape marked by increasing losses, declining revenues, and a significant disparity when compared to the broader Real Estate Investment Trusts (REITs) sector. This article delves into the company?s financial performance during this period, contrasting it with historical metrics, and placing it in relation to market trends.
Financial Overview (April to June 30, 2024)
The financial results for the second quarter of 2024 highlighted several crucial metrics for Ares Commercial Real Estate Corporation:
1. Losses per Share: The company reported losses of $-0.11 per share, marking an increase from the $-0.04 loss per share reported in the same quarter of the previous year. While this represents a worsening of losses, it is important to note that losses have improved from the previous reporting period, where the loss was significantly higher at $-0.23 per share.
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| Ares Commercial Real Estate Corporation
As a financial analyst for the CSIMarket.com, I have closely examined the recent financial results of Ares Commercial Real Estate Corporation and the implications for investors. The company's fourth quarter and full-year performance for 2023 have raised concerns due to a significant net loss of $39.4 million, or $0.73 per diluted common share, according to generally accepted accounting principles (GAAP). This represents a decline in profitability compared to the previous year.
The weak demand in the commercial real estate market has led to a growth in losses for Ares Commercial Real Estate Corporation, with the net loss per share advancing to $-0.23 from $-0.12 in the first quarter of 2024. Additionally, revenue dropped by -29.467% to $18.69 million from $26.50 million a year before. These results highlight the challenges the company is facing in generating revenue and maintaining profitability.
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Published Thu, Feb 22 2024 11:00 AM UTC
In a press release issued recently, Ares Commercial Real Estate Corporation (ACRE), a specialty finance company involved in originating and investing in commercial real estate assets, disclosed its financial performance for the fourth quarter and full year of 2023. The company reported a net loss of $39.4 million, or $0.73 per diluted common share, according to gen...
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| Ares Commercial Real Estate Corporation
However, it is important to note that the company's Distributable Earnings, which serves as a key performance metric for Real Estate Investment Trusts, stood at $10.8 million, or $0.20 per diluted common share. This metric provides investors with a clearer picture of the company's operational performance and ability to generate cash flow.
Despite the disappointing financial results for the October to December 31, 2023 period, Ares Commercial Real Estate Corporation remains optimistic about its future prospects. The company is committed to its strategy of originating and investing in commercial real estate assets, which are expected to drive future growth and profitability.
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| Ares Commercial Real Estate Corporation
In the fiscal third quarter of 2023, Ares Commercial Real Estate Corporation (NYSE: ACRE) reported a significant increase in earnings per share (EPS) by 1600% to $0.17 per share compared to the same period last year. However, the company experienced a decline in revenue of -12.423% to $23.88 million year on year, which is in contrast to the revenue improvement observed in the rest of the Real Estate Investment Trusts industry.
Compared to the previous quarter, Ares Commercial Real Estate Corporation saw a positive turnaround in EPS from $-0.04 per share. Additionally, revenue decreased by -4.43% from $24.99 million in the prior quarter.
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| Per Share |
Current |
| Earnings (TTM) |
-0.69 $ |
| Revenues (TTM) |
1.28 $
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| Cash Flow (TTM) |
0.21 $ |
| Cash |
34.55 $
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| Book Value |
10.35 $
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| Dividend (TTM) |
1.09 $ |
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| Per Share |
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| Earnings (TTM) |
-0.69 $
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| Revenues (TTM) |
1.28 $ |
| Cash Flow (TTM) |
0.21 $ |
| Cash |
34.55 $
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| Book Value |
10.35 $ |
| Dividend (TTM) |
1.09 $ |
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5.92%