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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.
For detailed information about ACRE stock, go to TipRanks’ Stock Analysis page.