Specialty finance company Ares Commercial Real Estate Corporation (ACRE) reported Wednesday a net loss attributable to common stockholders for the first quarter of $10.66 million or $0.20 per share, compared to $39.41 million or $0.73 per share in the prior-year quarter.
Distributable loss was $0.15 per share, compared to distributable earnings of $0.20 per share last year.
Excluding realized losses, distributable earnings for the quarter was $0.18 per share, compared to $0.20 per share in the year-ago quarter.
On average, six analysts polled expected the company to report earnings of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter edged down to $17.51 million from $17.55 million in the same quarter last year. Analysts expected revenues of $16.83 million for the quarter.
The Board of Directors of the Company also declared a regular cash dividend of $0.15 per common share for the first quarter of 2025, payable on April 15, 2025 to common stockholders of record as of March 31, 2025.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.