Ares Commercial reports Q3 non-GAAP EPS 25c, consensus 21c

Reports Q3 revenue $22.88M, consensus $. “During the Q3, we continued to operate with significant liquidity and moderate leverage, which enabled us to maximize credit outcomes and selectively originate new loans in today’s market to take advantage of attractive spreads,” said Bryan Donohoe, CEO of Ares Commercial Real Estate Corporation. “We believe the strength of our balance sheet and our deep credit capabilities have us well positioned to navigate the industry challenges and generate attractive dividends for shareholders.”