Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $11.78 USD
Change Today +0.13 / 1.12%
Volume 60.3K
ACRE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

ares commercial real estate (ACRE) Snapshot

Open
$11.71
Previous Close
$11.65
Day High
$11.82
Day Low
$11.62
52 Week High
06/23/14 - $12.84
52 Week Low
03/27/15 - $10.90
Market Cap
336.7M
Average Volume 10 Days
100.6K
EPS TTM
$0.93
Shares Outstanding
28.6M
EX-Date
06/26/15
P/E TM
12.7x
Dividend
$1.00
Dividend Yield
8.49%
Current Stock Chart for ARES COMMERCIAL REAL ESTATE (ACRE)

ares commercial real estate (ACRE) Related Bloomberg News

View More Bloomberg News

ares commercial real estate (ACRE) Related Businessweek News

No Related Businessweek News Found

ares commercial real estate (ACRE) Details

Ares Commercial Real Estate Corporation operates as a specialty finance company. The company operates in two segments, Principal Lending and Mortgage Banking. Its target investments include senior commercial mortgage loans, stretch senior mortgage loans, bridge loans, subordinated debt, preferred equity, mezzanine loans, and other commercial real estate investments. The company also originates long-term senior loans collateralized by multifamily and senior-living properties. Ares Commercial Real Estate Corporation 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. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ares Commercial Real Estate Management LLC operates as the manager of the company. Ares Commercial Real Estate Corporation was founded in 2011 and is headquartered in Chicago, Illinois.

Founded in 2011

ares commercial real estate (ACRE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer and Treasurer
Total Annual Compensation: $543.2K
Compensation as of Fiscal Year 2014.

ares commercial real estate (ACRE) Key Developments

Ares Commercial Real Estate Corporation Declares Dividend for the Second Quarter of 2015, Payable on July 15, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revised Earnings Guidance for the Year Ending December 31, 2015

Ares Commercial Real Estate Corporation announced that its Board of Directors declared a second quarter 2015 dividend of $0.25 per common share payable on July 15, 2015 to common stockholders of record on June 30, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Total revenue was $18.4 million against $13.8 million last year. Income from operations before income taxes was $8.7 million against $4.1 million last year. Net income attributable to the company was $9.3 million against $4.8 million last year. Net income attributable to common stockholders was $7.1 million or $0.25 per basic and diluted share against $4.8 million or $0.17 per basic and diluted share last year.     For the year ending December 31, 2015, the company is increasing its estimated net income per diluted common share to be between $1.04 to $1.14.

Ares Commercial Real Estate Corporation to Report Q1, 2015 Results on May 07, 2015

Ares Commercial Real Estate Corporation announced that they will report Q1, 2015 results at 12:00 PM, US Eastern Standard Time on May 07, 2015

Ares Commercial Real Estate Corporation, Q1 2015 Earnings Call, May 07, 2015

Ares Commercial Real Estate Corporation, Q1 2015 Earnings Call, May 07, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ACRE:US $11.78 USD +0.13

ACRE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Arbor Realty Trust Inc $7.09 USD 0.00
BRT Realty Trust $6.99 USD -0.01
Dynex Capital Inc $7.84 USD +0.07
Resource Capital Corp $4.21 USD +0.03
United Development Funding IV $17.70 USD -0.05
View Industry Companies
 

Industry Analysis

ACRE

Industry Average

Valuation ACRE Industry Range
Price/Earnings 12.5x
Price/Sales 4.3x
Price/Book 0.8x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ARES COMMERCIAL REAL ESTATE, please visit www.arescre.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.