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
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.