Ares Commercial ( (ACRE) ) has shared an announcement.
Ares Commercial Real Estate Corporation reported a third-quarter 2024 GAAP net loss of $5.9 million, or $0.11 per share, while achieving distributable earnings of $3.7 million, or $0.07 per share. The company declared a fourth-quarter dividend of $0.25 per share and highlighted progress in reducing risk-rated loans and de-leveraging its balance sheet. Ares aims to resolve underperforming assets, positioning for future growth and stronger earnings, supported by financial flexibility and strategic initiatives.
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