Streetbeat News

ACRE

Ares Commercial Real Estate Corporation

https://www.arescre.com

Industry

REIT - Mortgage

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities. The company has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was incorporated in 2011 and is based in New York, New York.

Open

5.87

Mkt cap

323M

Volume

504K

High

5.99

P/E Ratio

-5.03

52-wk high

10.53

Low

5.83

Div yield

0.17

52-wk low

5.33

High yield REITs are facing challenges due to rising interest rates, which can impact their profitability and attractiveness to investors.

Portfolio Pulse from

January 15, 2025 | 11:00 pm

Ares Commercial Real Estate (ACRE) faces challenges due to its exposure to distressed asset classes like office, multifamily, and hotels. Rising delinquencies and increasing credit loss reserves suggest ongoing struggles, justifying a Sell rating.

Portfolio Pulse from

January 14, 2025 | 2:00 pm

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Portfolio Pulse from

December 30, 2024 | 1:00 pm

Ares Commercial Real Estate (ACRE) has seen a 25% drop in stock price since a bearish article. The company reduced its dividend from 33 cents to 25 cents in February 2024, but distributable earnings are still below this level. Despite a slight improvement in Q3, ACRE's base earnings run-rate remains impaired.

Portfolio Pulse from

December 22, 2024 | 2:00 pm

Preferred shares have rallied as expected, but finding value in the market is becoming increasingly difficult. Some common shares are trading at discounts, and there is interest in agency mortgage REITs, though preferred options are unavailable.

Portfolio Pulse from

December 13, 2024 | 4:00 am

Ares Commercial Real Estate has been downgraded from 'Buy' to 'Hold' due to its failure to cover dividends with distributable profits in 3Q24, high dividend adjustment risk, and ongoing loan issues. The company's portfolio has shrunk by 15%, leading to a significant drop in profits and negative net income.

Portfolio Pulse from

December 09, 2024 | 8:45 pm

Ares Commercial is facing challenges with impaired loans in its office segment, leading to increased CECL reserves and realized losses. The REIT's dividend is not supported by distributable earnings, raising concerns about the sustainability of its 14% yield.

Portfolio Pulse from

November 21, 2024 | 1:45 am

Ares Commercial Real Estate Corporation (ACRE) held its Q3 2024 earnings call, providing insights into its financial performance and future outlook.

Portfolio Pulse from

November 07, 2024 | 8:00 pm

Ares Commercial Real Estate (ACRE) released its Q3 earnings, providing insights into its performance for the quarter ended September 2024. The focus is on how key metrics compare to Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 07, 2024 | 4:00 pm

Ares Commercial Real Estate (ACRE) reported Q3 earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11. This is a significant drop from $0.25 per share a year ago.

Portfolio Pulse from

November 07, 2024 | 1:30 pm

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