Ares Commercial Real Estate Corp. (ACRE) posted third-quarter 2012 net loss attributable to common stockholders of $554 thousand or $0.06 per share. Core loss for the quarter was $418 thousand or $0.05 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest margin for the latest third quarter was $1.49 million.
Further, the company said its Board of Directors has declared a fourth quarter 2012 dividend of $0.25 per common share, payable on January 10, 2013 to common stockholders of record as of December 31, 2012. This dividend is an increase of $0.19 per share over the third quarter 2012 dividend.
For comments and feedback: editorial@rttnews.com