Ares Commercial reports Q1 distributable EPS 13c, consensus 7c

Reports Q1 revenue $14.95M, consensus $16.11M. “In Q1, we successfully increased liquidity, further reduced debt and achieved our targeted balance sheet position,” said CEO Bryan Donohoe. “Stable to improving trends across the portfolio coupled with our strong available capital allows us to actively consider a wider range of uses for our additional liquidity. In support of these efforts, the scale and experience of the Ares Real Estate team, enhanced by Ares’ recent acquisition of GCP, advantages us in building shareholder value.” “We believe the flexibility of our balance sheet enhances our ability to accelerate successful outcomes in our portfolio and positions the Company to evaluate a number of opportunities for investing our additional capital, including into new loans,” said CFO Jeff Gonzales. “During Q1, our balance sheet was further strengthened by $307M of repayments leading to reduced borrowings and increased liquidity. As of May 2, 2025, we have approximately $147M of available capital, including $113M of cash equating to more than $2.00 per share.”