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Ares Commercial Real Estate Cor (ACRE)
NYSE:ACRE
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.06Last Year’s EPS
$0.2Same Quarter Last Year
Moderate Sell
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -1.54%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in reducing risk rated loans and improving liquidity, supported by positive market trends. However, challenges remain, including GAAP net losses and increased reserves for certain loans, indicating ongoing risks in the portfolio.Company Guidance
During the Ares Commercial Real Estate Corporation's third-quarter earnings call for 2024, the management outlined key performance metrics and strategic goals. The company reported a GAAP net loss of approximately $5.9 million or $0.11 per common share, and distributable earnings of $3.7 million or $0.07 per common share. A significant focus was on risk management and portfolio restructuring, with a reduction of risk-rated 4 and 5 loans by approximately 33% or $157 million from the previous quarter. As a result, these loans now account for 17% of the total loan portfolio. The company also highlighted a total of $340 million in repayments, with expectations for continued repayments into the first quarter of the following year. Furthermore, the management noted an increase in available liquidity to $134 million, a reduction in financial leverage to $1.3 billion, and a net debt-to-equity ratio of 1.8x. A regular cash dividend of $0.25 per common share was declared for the fourth quarter of 2024, reflecting the company’s commitment to shareholder returns amidst a challenging commercial real estate environment.Reduction in Risk Rated Loans
Reduced risk rated 4 and 5 loans by approximately 33% or $157 million compared to last quarter.
Texas Multifamily Loan Full Repayment
Completed full repayment of a $98 million risk rated 5 Texas multifamily loan with net proceeds $6.5 million greater than carrying value.
Improved Liquidity and Capital Position
Available capital increased to $134 million, an increase of 11% compared to the second quarter.
Positive Market Trends
Encouraging signs of improvement in the commercial real estate market, with increasing transaction activity and stabilizing property values.
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ACRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.49 | $7.15 | +10.17% |
| Aug 06, 2024 | $6.72 | $6.52 | -2.98% |
| May 09, 2024 | $6.40 | $6.30 | -1.56% |
| Feb 22, 2024 | $7.36 | $6.87 | -6.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ares Commercial Real Estate Cor (ACRE) report earnings?
Ares Commercial Real Estate Cor (ACRE) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Ares Commercial Real Estate Cor (ACRE) earnings time?
Ares Commercial Real Estate Cor (ACRE) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACRE EPS forecast?
ACRE EPS forecast for the fiscal quarter 2024 (Q4) is $0.06.
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