Ares Commercial Real Estate Corporation (ACRE) Company Bio
Ares Commercial Real Estate Corporation operates as a specialty finance company. The company operates in two segments, Principal Lending and Mortgage Banking. The company was founded in 2011 and is based in Chicago, Illinois.
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Fredrik Arnold on Seeking Alpha | September 21, 2020
Ares Commercial Real Estate (ACRE) declares $0.33/share quarterly dividend, in line with previous.Forward yield 13.52%Payable Oct. 15; for shareholders of record Sept. 30; ex-div Sept. 29.See ACRE Dividend Scorecard, Yield Chart, & Dividend Growth....
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (“ACRE”) (NYSE:ACRE) announced today that it declared a third quarter 2020 cash dividend of $0.33 per common share payable on October 15, 2020 to stockholders of record as of the close of business on September 30, 2020. “We considered multiple factors in our third quarter dividend declaration, including our outlook for third quarter earnings, current cash balance of $84 million and our expected overall liquidity position, among
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $9.8 million or $0.29 per diluted common share and Core Earnings(1) of $10.7 million or $0.32 per diluted common share for the second quarter of 2020. “Despite overall volatile market conditions, our Core Earnings remained consiste