Ares Commercial Real Estate Corporation (ACRE) posted a first quarter net loss to common stockholders of $12.3 million compared to a loss of $6.4 million, last year. Loss per common share was $0.23 compared to a loss of $0.12. Distributable loss was $33.5 million or $0.62 per share for the first quarter of 2024.
On average, five analysts polled by Thomson Reuters expected the company to report a loss per share of $0.23, for the quarter. Analysts' estimates typically exclude special items.
Total revenue declined to $18.69 million from $26.50 million, last year. Analysts on average had estimated $17.08 million in revenue.
On May 9, the Board declared a regular cash dividend of $0.25 per common share for the second quarter of 2024. The second quarter dividend will be payable on July 16, 2024 to common stockholders of record as of June 28, 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.