Ares Commercial Real Estate(ACRE),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community

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ACRE Ares Commercial Real Estate

Trading 06-05 15:28:36 EDT

7.05

+0.01

+0.14%

High7.06	Low6.97	Vol217.21K
Open7.04	D1 Closing7.04	Amplitude1.35%
Mkt Cap384.15M	Tradable Cap369.41M	Total Shares54.49M
T/O1.53M	T/O Rate0.41%	Tradable Shares52.40M
P/B--	ROE--	EPS0.00
52wk High--	52wk Low--	P/E--
Dividend--	Div.Yield--	ROA--

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As a result, the REIT did not support its $0.25 per-share quarterly dividend with distributable earnings, which increases the odds of another dividend cut in the short term. The problem here, from a valuation point of view, is that Ares Commercial Real Estate only recently already cut its dividend payout by 24% in order to account for lower earnings available for distribution. With the surprise loss affecting distributable earnings ","market":"fut","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1224735721/image_1224735721.jpg","type":0,"news_type":0,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1224735721/image_1224735721.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://seekingalpha.com/article/4696991-ares-commercial-dividend-may-not-be-safe-2024-rating-downgrade","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"seekingalpha","symbols":["ACRE","STWD","AACT.U","BK4110","BXMT","LADR","CFA.SI"],"gpt_icon":0},{"id":"2439523594","title":"15.3% Yield, Strong Quarter: Ares 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Commercial Real Estate: 14% Yield Might Be Sustainable","url":"https://stock-news.laohu8.com/highlight/detail?id=2436907193","media":"seekingalpha","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2436907193?lang=en_us&edition=fundamental","pubTime":"2024-05-20 00:42","pubTimestamp":1716136949,"startTime":"0","endTime":"0","summary":"Ares Commercial Real Estate Corporation suffered a decline in distributable earnings in Q1 due to non-accrual issues in its loan portfolio.The trust increased its provision for credit losses by over 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If a BDC is able to carefully balance the duration of its investments and the balance between investments made and debt taken on to finance new investments, it generally benefits from a surge in interest rates. FSK, for example, has 90.1% floating-rate debt. This is what the company said in its 2023 10-K : [...] because a","market":"nz","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1315225741/image_1315225741.jpg","type":0,"news_type":0,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1315225741/image_1315225741.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://seekingalpha.com/article/4692678-fs-kkr-a-15-percent-yield-trading-20-percent-below-book-value","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"seekingalpha","symbols":["MAIN","US10Y.BOND","US7Y.BOND","DHR.AU","IE00BZ1G4Q59.USD","LU0390134368.USD","LU0689472784.USD","LU1551013425.SGD","US2Y.BOND","US912797GK78.BOND","LU1551013342.USD","LU2265009873.SGD","US6M.BOND","LU0312595415.SGD","LU2125910179.SGD","LU0672654240.SGD","US912797FH58.BOND","BK4581","LU0106831901.USD","LU0820562030.AUD","US912797FS14.BOND","DHR","LU1935043023.USD","LU2063271972.USD","FSK","US5Y.BOND","KKR","BK4110","US30Y.BOND","US912797HE00.BOND","LU0320765059.SGD","US912797GB79.BOND","LU0820561909.HKD","SGXZ23171101.USD","LU1935042991.SGD","ACRE","LU0528227936.USD","US912797GL51.BOND","US912797GW17.BOND","BK4533","LU1923622614.USD","SG9999004303.SGD","US3Y.BOND","LU1935043536.SGD","BK4585","LU0820561818.USD","US12M.BOND","LU2125909247.SGD","LU1804176565.USD","LU0130102774.USD"],"gpt_icon":0},{"id":"2434895627","title":"Ares Commercial Real Estate Corp Reports Challenging Q1 2024 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2434895627","media":"GuruFocus.com","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434895627?lang=en_us&edition=fundamental","pubTime":"2024-05-11 03:06","pubTimestamp":1715368005,"startTime":"0","endTime":"0","summary":"GAAP Net Loss: Reported a GAAP net loss of $ million for Q1 2024, translating to $ per diluted common share.Distributable Earnings : Non-GAAP distributable earnings  stood at $ million, or $ per diluted common share.Revenue: Total revenue reached $18.69 million, exceeding the estimated $17.41 million.Dividend: Declared a Q2 2024 dividend of $0.25 per common share, consistent with the dividend declared for Q1 2024.Debt Reduction: Reduced debt balance by 8%, with an outstanding principal balance below $1.5 billion at quarter-end.Despite these setbacks, ACRE's management highlighted efforts to stabilize the portfolio, including the exit or restructuring of four loans which resulted in a 31% reduction in the outstanding principal balance of loans on non-accrual status. The company also continued to de-lever its balance sheet, reducing its debt balance by an additional 8%, with an outstanding principal balance below $1.5 billion at quarter's end.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/ares-commercial-real-estate-corp-190645970.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4110","AACT.U","REIT","ACRE"],"gpt_icon":0},{"id":"2434385645","title":"Ares Commercial Real Est Is Maintained at Market Perform by Keefe, Bruyette & Woods","url":"https://stock-news.laohu8.com/highlight/detail?id=2434385645","media":"Dow Jones","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434385645?lang=en_us&edition=fundamental","pubTime":"2024-05-10 21:07","pubTimestamp":1715346420,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/ACRE/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 10, 2024 09:07 ET (13:07 GMT)","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ACRE","BK4110","AACT.U"],"gpt_icon":0},{"id":"2434788400","title":"Q1 2024 Ares Commercial Real Estate Corp Earnings Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2434788400","media":"Thomson Reuters StreetEvents","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434788400?lang=en_us&edition=fundamental","pubTime":"2024-05-10 15:45","pubTimestamp":1715327148,"startTime":"0","endTime":"0","summary":"John Stilmar; IR; Ares Commercial Real Estate Corp. Bryan Donohoe; Chief Executive Officer; Ares Commercial Real Estate Corp. Tae-Sik Yoon; Chief Financial Officer, Treasurer; Ares Commercial Real Estate Corp. Jason Sabshon; Analyst; Keefe, Bruyette, & Woods, Inc.Good morning, and welcome to the Ares Commercial Real Estate Corporation's first quarter earnings conference call.  As a reminder, this conference is being recorded on Thursday, May 9, 2024. I will now turn the call over to Mr. John Stilmar, partner of public markets, Investor Relations. Please go ahead.Thank you, John. During the first quarter, we made meaningful progress towards our goal of resolving underperforming loans, reducing the outstanding principal balance of nonaccrual loans by $133 million, as well as reducing our exposure to the commercial office property sector by $70 million or 8% of our total loans backed by office properties. By addressing a total of four nonaccrual loans during the first quarter, we increase","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/q1-2024-ares-commercial-real-074548241.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ACRE","AACT.U"],"gpt_icon":0},{"id":"2434026240","title":"Analysts’ Opinions Are Mixed on These Real Estate Stocks: Armada Hoffler Properties (AHH), Chimera Investment (CIM) and Ares Commercial (ACRE)","url":"https://stock-news.laohu8.com/highlight/detail?id=2434026240","media":"TIPRANKS","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434026240?lang=en_us&edition=fundamental","pubTime":"2024-05-10 13:40","pubTimestamp":1715319649,"startTime":"0","endTime":"0","summary":"Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Armada Hoffler Properties (AHH – Research Report)...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/analysts-opinions-are-mixed-on-these-real-estate-stocks-armada-hoffler-properties-ahh-chimera-investment-cim-and-ares-commercial-acre?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/analysts-opinions-are-mixed-on-these-real-estate-stocks-armada-hoffler-properties-ahh-chimera-investment-cim-and-ares-commercial-acre?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4160","ACRE","BK4110","AACT.U","AHH","CIM"],"gpt_icon":0},{"id":"2434801488","title":"Ares Commercial Real Estate declares $0.25 dividend","url":"https://stock-news.laohu8.com/highlight/detail?id=2434801488","media":"seekingalpha","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434801488?lang=en_us&edition=fundamental","pubTime":"2024-05-09 23:13","pubTimestamp":1715267593,"startTime":"0","endTime":"0","summary":"Ares Commercial Real Estate (NYSE:ACRE) declares $0.25/share quarterly dividend, in line with previous.  Forward yield 14.8% Payable July 16; for shareholders of record June 28; ex-div June 28. See ACRE Dividend Scorecard, Yield Chart, & Dividend Growth.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://seekingalpha.com/news/4103725-ares-commercial-real-estate-corporation-declares-missing-dividend","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"seekingalpha","symbols":["BK4110","US912797GW17.BOND","US912797HE00.BOND","US2Y.BOND","US12M.BOND","US10Y.BOND","US912797GK78.BOND","ACRE","US912797HH31.BOND","US7Y.BOND","CFA.SI","US912797FH58.BOND","US6M.BOND","US912797GL51.BOND","US30Y.BOND","US5Y.BOND","US912797FS14.BOND","US912797GB79.BOND","US3Y.BOND","AACT.U"],"gpt_icon":0},{"id":"2434017773","title":"Compared to Estimates, Ares Commercial Real Estate (ACRE) Q1 Earnings: A Look at Key Metrics","url":"https://stock-news.laohu8.com/highlight/detail?id=2434017773","media":"Zacks","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434017773?lang=en_us&edition=fundamental","pubTime":"2024-05-09 21:30","pubTimestamp":1715261428,"startTime":"0","endTime":"0","summary":"Ares Commercial Real Estate  reported $44.03 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 11%. EPS of -$0.62 for the same period compares to $0.27 a year ago.The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $43.77 million. With the consensus EPS estimate being -$0.30, the EPS surprise was -106.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Ares Commercial Real Estate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:. Revenue from","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/xMhOxlfdhVA7Ts3pP3IHyA--~B/aD02MzM7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b369e357aa3d42cc28ac674490d4ae83","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xMhOxlfdhVA7Ts3pP3IHyA--~B/aD02MzM7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b369e357aa3d42cc28ac674490d4ae83"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/compared-estimates-ares-commercial-real-133028901.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ACRE","AACT.U"],"gpt_icon":0},{"id":"2434090737","title":"Ares Commercial Real Estate Q1 results weaken amid loan resolution progress","url":"https://stock-news.laohu8.com/highlight/detail?id=2434090737","media":"seekingalpha","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434090737?lang=en_us&edition=fundamental","pubTime":"2024-05-09 21:17","pubTimestamp":1715260661,"startTime":"0","endTime":"0","summary":"Ares Commercial Real Estate  posted a bigger-than-expected Q1 loss on Thursday as the investment firm that focuses on commercial real estate assets continues to resolve underperforming loans. \"During the first quarter, we exited or restructured four loans, leading to a 31% decline in the outstanding principal balance of loans on non-accrual status,\" said CEO Bryan Donohoe.   Q1 distributable EPS of -$0.62, vs. the average analyst estimate of -$0.11, fell from $0.20 in Q4 2023 and $0.27 in Q1 2023. Revenue of $18.7M, vs. the $20.5M consensus, increased from $17.6M in the previous quarter and declined from $26.5M a year ago. Ares Commercial Real Estate  stock fell 2.6% in Thursday premarket trading. Expenses of $8.55M dropped from $8.61M in the prior quarter and climbed from $6.20M a year ago. Net interest margin was $15.2M, compared with $14.4M in Q4 and $26.5M in Q1 2023. Current expected credit loss reserve narrowed to $139.8M at March 31, 2024, vs. $159.9M at Dec. 31, 2023. Earlier, ","market":"sg","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/172349491/image_172349491.jpg","type":0,"news_type":0,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/172349491/image_172349491.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://seekingalpha.com/news/4103673-ares-commercial-real-estate-q1-results-weaken-amid-loan-resolution-progress","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"seekingalpha","symbols":["BK4110","ACRE","CFA.SI","AACT.U"],"gpt_icon":0},{"id":"2434706412","title":"Ares Comml Real Est Q1 2024 Adj EPS $(0.62) Misses $(0.23) Estimate, Sales $18.692M Beat $17.080M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2434706412","media":"Benzinga","labels":[],"top":-1,"share":"https://ttm.financial/m/news/2434706412?lang=en_us&edition=fundamental","pubTime":"2024-05-09 18:03","pubTimestamp":1715249018,"startTime":"0","endTime":"0","summary":"Ares Comml Real Est (NYSE:ACRE) reported quarterly losses of $(0.62) per share which missed the analyst consensus estimate of $(0.23) by 169.57 percent. This is a 444.44 percent decrease over earnings of $0.18 per share","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/24/05/38724501/ares-comml-real-est-q1-2024-adj-eps-0-62-misses-0-23-estimate-sales-18-692m-beat-17-080m-estimate","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ACRE","AACT.U"],"gpt_icon":0}],"profile":{"websiteUrl":"http://www.arescre.com","stockEarnings":[{"period":"1week","weight":0.0781},{"period":"1month","weight":0.0173},{"period":"3month","weight":-0.0474},{"period":"6month","weight":-0.296},{"period":"1year","weight":-0.2597},{"period":"ytd","weight":-0.3205}],"compareEarnings":[{"period":"1week","weight":-0.0027},{"period":"1month","weight":0.0334},{"period":"3month","weight":0.0366},{"period":"6month","weight":0.1531},{"period":"1year","weight":0.2372},{"period":"ytd","weight":0.1117}],"compareStock":{"symbol":"SPY","name":"SPDR S&P 500 ETF Trust"},"description":"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. 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The company was incorporated in 2011 and is based in New York, New York.","yearOnYearQuotes":[{"month":1,"riseRate":0.583333,"avgChangeRate":0.018569},{"month":2,"riseRate":0.333333,"avgChangeRate":-0.015324},{"month":3,"riseRate":0.25,"avgChangeRate":-0.057133},{"month":4,"riseRate":0.5,"avgChangeRate":0.008997},{"month":5,"riseRate":0.384615,"avgChangeRate":-0.00028},{"month":6,"riseRate":0.461538,"avgChangeRate":-0.001102},{"month":7,"riseRate":0.75,"avgChangeRate":0.026149},{"month":8,"riseRate":0.583333,"avgChangeRate":0.01071},{"month":9,"riseRate":0.333333,"avgChangeRate":-0.04658},{"month":10,"riseRate":0.666667,"avgChangeRate":0.027279},{"month":11,"riseRate":0.666667,"avgChangeRate":0.030502},{"month":12,"riseRate":0.333333,"avgChangeRate":-0.028542}],"exchange":"NYSE","name":"Ares Commercial Real Estate","nameEN":"Ares Commercial Real Estate"},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"pagemeta":{"title":"Ares Commercial Real Estate(ACRE),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community","description":"Find the latest Ares Commercial Real Estate(ACRE) stock quote, history, news, and investing ideas from To The Moon - Tiger Brokers Online Investing Community to stay on top of the markets.","keywords":"Ares Commercial Real Estate,ACRE,Ares Commercial Real Estate股票,Ares Commercial Real Estate股票老虎,Ares Commercial Real Estate股票老虎国际,Ares Commercial Real Estate行情,Ares Commercial Real Estate股票行情,Ares Commercial Real Estate股价,Ares Commercial Real Estate股市,Ares Commercial Real Estate股票价格,Ares Commercial Real Estate股票交易,Ares Commercial Real Estate股票购买,Ares Commercial Real Estate股票实时行情,购买美股,购买港股,港股开户,美股开户,美股交易,港股交易,开通美港股账户,老虎国际行情","social":{"og_title":"Ares Commercial Real Estate(ACRE),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community","og_description":"Find the latest Ares Commercial Real Estate(ACRE) stock quote, history, news, and investing ideas from To The Moon - Tiger Brokers Online Investing Community to stay on top of the markets.","og_image":"https://community-static.tradeup.com/news/9b6dafd60190235ae8e2c95f52c583a0"}}}

Introduction