Ares Commercial Real Estate (ACRE) Tops Q4 EPS by 6c
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Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2020 Results
February 18, 2021 6:00 AM EST
Fourth quarter GAAP net income of $14.4 million or $0.43 per diluted common share and Distributable Earnings(1) of $13.7 million or $0.41 per diluted common share
Full year GAAP net income of $21.8 million or $0.66 per diluted common share and Distributable Earnings(1) of $45.1 million or $1.36 per diluted common share
- Subsequent to year ended December 31, 2020 -
Closed a $667 million Commercial Real Estate Collateralized Loan Obligation Securitization Transaction Closed $146 million of new loans year to date
Declared first quarter 2021 dividend of $0.33 per diluted common share and a supplemental dividend of $0.02 per diluted common... More
