NORTHAMPTON, MA / ACCESSWIRE / September 27, 2022 / This week has been an eye-opener for the dramatic and devastating effects caused by the climate crisis with record temperatures, raging fires and the inevitable deaths among the more vulnerable. As the mercury soared right across Europe to more than 40 degrees for the first time ever in some countries, it was evidential that climate change is a stark reality and collectively, the world needs to take immediate action to produce sustainable and scalable solutions. IKEA''s charitable arm has given a $25million grant to the Clean Cooling Collaborative, which improves cooling solutions for the vulnerable global communities facing the risk of extreme heat. Demand has rocketed for cooling systems as the planet continues to warm and it has been estimated that 10 air conditioners will be sold every second for the next 30 years. The IKEA Foundation is supporting the Clean Cooling Collaborative, a leading global philanthropic program focused on curbing greenhouse gas (GHG) emissions caused by cooling.
NORTHAMPTON, MA / ACCESSWIRE / September 27, 2022 / Acre: Announcing that whilst speaking publicly for the first time about our new accreditation, which confirms our commitment to progressive social impact and environmental stewardship, may seem counterintuitive; if we aren''t celebrating, why are we announcing it? But it''s complicated. Our business has been working in this way and operating with the sole purpose of building a better world for just shy of 20 years - and in some ways, the badge doesn''t earn us any stripes that we didn''t already wear with pride. Yes - we put our environmental and ethical commitments to the test, and they stood up well. That is validating, but it''d be disingenuous to say that we were surprised by our certification. B-Corp says that most organisations would fail the assessment the first time, but we are, and always have been, determined to create a positive, sustainable legacy for Acre, for our society, and our planet by having influence and providing value to businesses who are ambitious to create change.
National Company Law Appellate Tribunal (NCLAT) ruled in favour of Doha Bank on September 9. The Qatar-based bank had pleaded that the resolution professional (RP) should not admit claims from the Exim Bank of China, Assets Care and Reconstruction Enterprises (ACRE), Shubh Holdings and China Development Bank.
Ares Commercial is a high-yielding commercial real estate finance company that''s well-positioned for rising rates. See why income investors should consider ACRE.
ACRE, a global leader providing state-of-the-art security systems, has completed its acquisition of Security Identification Systems Corporation (SISCO.) The combination of ACRE’s comprehensive security technology portfolio with SISCO’s solutions for credentialing and visitor management fortifies the ability to deliver a wide range of complementary technology options to ACRE’s customer base. Founded in 1994 in South […] The post ACRE Acquires Security Identification Systems Corporation appeared first on ITSecurityWire .
ACRE acquired the SPV loans from most lenders at an auction held in September last year. Silver Point, a US-based hedge fund, had partnered with ACRE to acquire loans from lenders through an auction. ACRE-Silverpoint jointly offered ₹624 crore to acquire ₹804 core loans that lenders auctioned. This equated to a recovery of 78% for lenders.
Ares Commercial Real Estate Corporation (NYSE:NYSE:ACRE) Q2 2022 Earnings Conference Call July 29, 2022, 12:00 PM ET Company Participants John Stilmar - IR Bryan Donohoe - CEO Tae-Sik Yoon…
Ares Commercial Real (NYSE: ACRE ) reported its Q2 earnings results on Friday, July 29, 2022 at 06:00 AM. Here''s what investors need to know about the announcement. Earnings Ares Commercial Real beat estimated earnings by 18.75%, reporting an EPS of $0.38 … Full story available on Benzinga.com
Ares Commercial Real Estate (ACRE) declares $0.33/share quarterly dividend, in line with previous. Forward yield 9.52% Payable Oct. 17; for shareholders of record Sept. 30; ex-div Sept. 29.
Ares Commercial Real Estate (ACRE) is scheduled to announce Q2 earnings results on Friday, July 29th, before market open.The consensus EPS Estimate is $0.34 (-8.1% Y/Y) and the…
Ares Commercial Real (NYSE: ACRE ) is set to give its latest quarterly earnings report on Friday, 2022-07-29. Here''s what investors need to know before the announcement. Analysts estimate that Ares Commercial Real will report an earnings per share (EPS) of $0.32. Ares Commercial Real bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, … Full story available on Benzinga.com
The THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION ACTION COMMITTEE FOR RURAL ELECTRIFICATION (ACRE) successfully filed their F3XN JULY MONTHLY with the coverage period of 06/01/2022 to 06/30/2022 and a confirmation ID of FEC-1616674 *********CommitteeId: C00002972 | FilingId: 1616674 | FormType: F3XN | CoverageFrom: 06/01/2022 | CoverageThrough: 06/30/2022 | ReportType: JULY MONTHLY*********
Intermediary mortgage and protection platform Acre has integrated data from Land Registry to its property portal in a bid to speed up the application process. The post Acre integrates Land Registry data to platform appeared first on Mortgage Solutions .
Mumbai: Life Insurance Corporation of India (LIC) is seeking buyers for secured bonds worth ₹3,400 crore issued by Reliance Capital, currently undergoing insolvency proceedings, in an effort to present a clean book to an investor base that has widened since its recent IPO, said two people aware of the development.IDBI Capital Markets (IDBI Caps), the insurance company''s process advisor for the sale of the bonds, has invited expressions of interest (EoIs) from asset reconstruction companies (ARCs) by the evening of July 11. The EoIs will be followed by an auction, although IDBI Caps has not specified any details of this in the notice inviting EoIs.LIC didn''t respond to queries.Based on the last two trades between two lenders and an ARC, it is estimated that LIC will recover about 27-30% of the ₹3,400 crore bond amount, said one of the two people cited above. Axis Bank and HDFC Ltd had separately sold their Reliance Capital exposure to Assets Care and Reconstruction Enterprise (ACRE), an ARC, in the last fiscal year for 27-28 paise on the rupee, as reported by ET on December 1.92267378 Second LIC Attempt to Sell RCap Bonds HDFC sold term loans worth Rs 524 crore while Axis Bank sold Rs 100 crore of term loans and Rs 490 crore of bonds to ACRE between September and December last year.
Ares Commercial (ACRE) has covered its dividend with distributable earnings for 5 consecutive years. See why investors seeking solid dividend income should consider ACRE.
The other applicants include Prestige Estates, Sayaji Hotels, Jindal Power, Kotak Special Situations Fund, CVI Emcof Master Fund, Asset Reconstruction Company of India (Arcil), Assets Care & Reconstruction Enterprise (ACRE), JM Financial ARC, Rare ARC, Prudent ARC and RKG Fund, the people said.
Companies Reporting Before The Bell • Kiniksa Pharmaceuticals (NASDAQ: KNSA ) is projected to report earnings for its first quarter. • Great Lakes Dredge & Dock (NASDAQ: GLDD ) is likely to report quarterly earnings at $0.16 per share on revenue of $170.53 million. • Enel Chile (NYSE: ENIC ) is expected to report quarterly earnings at $82.88 per share on revenue of $994.35 million. • Paramount Global (NASDAQ: PARAA ) is likely to report quarterly earnings at $0.52 per share on revenue of $7.38 billion. • Triton International (NYSE: TRTN ) is likely to report quarterly earnings at $2.63 per share on revenue of $419.07 million. • Colliers Intl Gr (NASDAQ: CIGI ) is likely to report quarterly earnings at $1.59 per share on revenue of $1.14 billion. • Comstock Mining (AMEX: LODE ) is projected to report quarterly loss at $0.03 per share on revenue of $380.00 thousand. • GEO Group (NYSE: GEO ) is expected to report quarterly earnings at $0.22 per share on revenue of $551.47 million. • Kopin (NASDAQ: KOPN ) is expected to report quarterly loss at $0.
The Acre, which will reach its four-year anniversary this November, serves vegetarian food for carnivores. It currently has a location at 4410 Wyoming Blvd NE.
Ares Commercial Real Estate Corporation Announces Launch of Offering of Common Stock Business Wire
The 68 golfers who hit the links at Brookfield Hills Golf Course on Thursday represented an even mix between experienced executives and recent graduates of the Associates in Commercial Real Estate program who are looking to expand their careers.
The company announced the pricing on an issuance of common stock.
Ares Commercial Real Estate Corporation (ACRE) announced the pricing of 6.5 million shares of its common stock for total gross proceeds of $102. The post Ares Commercial Real Estate Prices $103M Common Stock Offering appeared first on Smarter Analyst .
BANGKOK--(BUSINESS WIRE)--UOB Thailand today announced it has provided Asia Capital Real Estate (ACRE) with a 675 million baht green loan to develop HOMA Phuket Town, an environmentally-friendly affordable residential rental apartment complex in Phuket. The loan was approved under the UOB Real Estate Sustainable Finance Framework, which is the first lending framework by a Singapore bank dedicated to supporting sustainability-related projects in Asias real estate sector. HOMA Phuket Town is a 5
THERE is an expected rise in sustainable multi-family real estate asset investment in markets such as Thailand and South-east Asia, said property player Asia Capital Real Estate (Acre), as it taps green financing to support this emerging segment.
THERE is an expected rise in sustainable multi-family real estate asset investment in markets such as Thailand and South-east Asia, said property player Asia Capital Real Estate (Acre), as it taps green financing to support this emerging segment.
CHICAGO Asia Capital Real Estate (ACRE) has provided a $51.5 million loan for the refinancing of The Duncan, a 260-unit multifamily community in Chicagos West Loop neighborhood. Chicago-based CEDARst owns the asset. Located at 1515 W. Monroe St., The Duncan consists of two connected buildings. The property includes 8,350 square feet of retail space, [] The post ACRE Provides $51.5M Loan for Refinancing of Multifamily Community in Chicagos West Loop appeared first on REBusinessOnline .
CHICAGO--(BUSINESS WIRE)--Asia Capital Real Estate recently closed on a $51.5 million loan to support refinancing The Duncan in Chicago''s West Loop/Fulton Market submarket.
Ares Commercial Real Estate Corp (ACRE) shares closed today at 0.4% below its 52 week high of $16.71, giving the company a market cap of $674M. The stock is currently up 43.2% year-to-date, up 70.8% over the past 12 months, and up 119.8% over the past five years. This week, the Dow Jones Industrial Average rose 0.1%, and the S&P 500 rose 0.6%. Trading Activity Trading volume this week was 2.3% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 45.0% The company's stock price performance over the past 12 months beats the peer average by 52.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1923.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Till, a leading financial technology platform that helps renters pay, stay and thrive in their homes, today announces a partnership with Asia Capital Real Estate (ACRE), a global real estate private []
ACRE Provides $21M for Renovation of Multifamily Property in Indianapolis REBusinessOnline
SHAWNEE TOWNSHIP The Allen-Auglaize Coalition for Reasonable Energy (ACRE) met on Thursday afternoon to express a continuing support of the Birch Solar Project as Senate Bill 52 progresses to the Ohio State House for a vote. Continue reading at LimaOhio.com.
The NACD North Texas Chapter , the advocate for the profession of directorship, today announced the election of new officers and board members for 2021–2022. Jim Skinner will serve as board chair. Skinner's experience includes serving on the boards of directors for five publicly held companies. He has chaired audit, compensation, finance, and governance committees during his board service. He currently serves on the boards of directors of Ares Commercial Real Estate Corp. and CarLotz Inc. New Officer Margot Carter will serve as the board vice chair. She currently serves as president of Living Mountain Capital, is the lead director of Installed Building Products, and sits on the board of Eagle Materials. Carter was named a 2019 Most Influential Corporate Director by Women Inc. Magazine , Top 50 Innovator and Disruptor in 2020 and 2021 by D Magazine , 2020 Outstanding Director by the Dallas Business Journal , and one of the Most Powerful Business Leaders in North Texas 2021 by D CEO. Todd Murray will serve as board secretary.
Ares Commercial Real Estate Corp (ACRE) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $636M. The stock is currently up 35.1% year-to-date, up 109.3% over the past 12 months, and up 110.5% over the past five years. This week, the Dow Jones Industrial Average rose 0.9%, and the S&P 500 rose 0.3%. Trading Activity Trading volume this week was 4.2% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 27.8% The company's stock price performance over the past 12 months beats the peer average by 176.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1836.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
INDIANAPOLIS Asia Capital Real Estate (ACRE) has provided a $21 million loan for the renovation of Williamsburg North in Indianapolis. The 318-unit multifamily property, located at 4430 Brookline Court, was built in the 1960s. Amenities include a clubhouse, dog park, fitness center, pool and picnic areas. At the time of loan closing, the asset [] The post ACRE Provides $21M for Renovation of Multifamily Property in Indianapolis appeared first on REBusinessOnline .
Ares Commercial Real Estate Corp (ACRE) shares closed today at 0.2% below its 52 week high of $15.53, giving the company a market cap of $627M. The stock is currently up 33.3% year-to-date, up 118.3% over the past 12 months, and up 106.3% over the past five years. This week, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 rose 0.3%. Trading Activity Trading volume this week was 2.8% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 27.6% The company's stock price performance over the past 12 months beats the peer average by 164.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1814.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Till, the FinTech that provides a payment platform for renters, announced Tuesday (June 1) it has formed a partnership with Asia Capital Real Estate (ACRE) to launch Till Credit Builder. The companies say the partnership will allow ACRE to expend rent reporting benefits to residents in multifamily properties around the country. Till assists renters in []
WASHINGTON , June 1, 2021 /PRNewswire/ -- Till, a leading financial technology platform that helps renters pay, stay and thrive in their homes , today announces a partnership with Asia Capital Real Estate (ACRE), a global real estate private equity firm managing capital for institutional and family office investors, to launch Till Credit Builder across its portfolio. ACRE will extend rent reporting benefits to residents in multifamily properties nationwide. Till helps renters build credit history as they pay rent. Each successful month of paying rent improves credit history, enabling renters to build a better financial foundation. Till''s Credit Builder reduces complexity for property managers by handling all interaction with the credit bureaus and taking on the compliance risk of reporting their renters'' payment history. It''s a hassle-free solution for landlords. Till offers rent reporting alongside its full suite of services that enable renters to better pay their rent. As Till improves renter outcomes through its Flexible Rent product, Credit Builder now helps renters build a financial foundation and improve collections.
Ares Commercial Real Estate Corp (ACRE) shares closed today at 1.6% below its 52 week high of $14.93, giving the company a market cap of $594M. The stock is currently up 26.3% year-to-date, up 117.2% over the past 12 months, and up 99.5% over the past five years. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 fell 0.5%. Trading Activity Trading volume this week was 4.8% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 9.1% The company's stock price performance over the past 12 months beats the peer average by 89.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 4453.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Los Angeles-based $149 billion Ares Management Corp-backed asset reconstruction company, Assets Care & Reconstruction Enterprise (Acre), has agreed to buyout a majority of the assets owned by Sameer Gehlaut-promoted Indiabulls ARC in a deal likely to be signed as soon as Friday, two people associated with the transaction said.The deal is yet another attempt by the Sameer Gehlaut-led Indiabulls Group to shed capital-intensive assets as it moves to a new business model based on fees and trailing income."The total assets Indiabulls ARC has are about Rs 2,100 crore, out of which about Rs 1,800 crore are being sold to Acre,” said one of the persons cited above. “These are mostly small retail loans like mortgages and loans against property with a small part of corporate and SME loans. The transaction is very close to completion."Indiabulls plans to wind down the rest of the book in line with the company's objective to focus on new businesses like telemedicine, healthcare and fintech. The ARC business is a 100% subsidiary of the erstwhile Indiabulls Ventures, which has been renamed as Dhani Services.
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), today announced the pricing of an underwritten public offering of 7,000,000 shares of common stock for total estimated gross proceeds of approximately $101.9 million. The Company has also granted the underwriters an option for 30 days to purchase up to an additional 1,050,000 shares of common stock. The offering is expected to close on or about March 17, 2021, subject to customary closing conditions.
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), today announced the launch of an underwritten public offering of 7,000,000 shares of common stock. The Company expects to grant to the underwriters of the offering an option to purchase up to 1,050,000 additional shares of common stock. The Company intends to use all of the net proceeds from the offering for general corporate purposes, including repaying indebtedness and investing in mortgage loans a
DURHAM, N.C.--(BUSINESS WIRE)--Asia Capital Real Estate (ACRE) today announced it has finalized a $34 million bridge loan for mixed-use community ‘One City Center’ in Durham, N.C.
New Delhi: Bank of Baroda (BoB), the lead lender of Reliance Home Finance Limited representing 34 banks and institutions has dragged SP Group to Delhi High Court. BoB alleges that SP Group has refused to join the resolution process and is stalling the resolution process and also not cooperating with other lenders. BoB has filed an application before the Delhi High Court on March 3, 2021. In its petition, Bank of Baroda said that in the hearing held on October 1, 2020, the applicant has made an offer that it is willing to secure the principal amount payable to the petitioner by investing a sum of Rs 200 crore in a fixed deposit receipt, which amount could be released in accordance with the final resolution plan. "Yet the petitioner remained persistent in its unreasonable stance and refused to accept the offer," Bank of Baroda said. "As a matter of law, in grant of interim order (or for continuing it), the Court ought to take into account the public interest and the likelihood of injury to the other stakeholders.
Bank of Baroda (BoB) the lead lender heading the resolution for Anil Ambani's Reliance Home Finance Ltd (RHFL) has petitioned the Delhi High Court asking it to vacate its stay on disposing off assets of Reliance Home Finance in a case involving inter corporate deposits of the Shapoorji Pallonji Group (SPG). BoB has said that the stay on disposal of assets will is creating a "stumbling block" in the ongoing recovery process from RHFL.The case refers to inter corporate deposits (ICDs) of Rs 200 crore invested by SPG subsidiary Always Remember Properties Pvt Ltd in June 2019 into RHFL which defaulted in its payment obligations.Reliance Capital the holding company of RHFL had promised to pay back the total dues of Rs 217.92 crore by raising money out of the money raised through its stake sale in its asset management company following which SPG took it to court.In an order on November 20, 2019, the Delhi High Court had stayed any attempt by RHFL to dispose or encumber any asset expect for the payment or salaries and other dues.RHFL had approached the court asking for the stay to be vacated which SPG had opposed accusing RHFL of evading payment.In its plea BoB has said that 95% of the lenders have agreed to the resolution plan for RHFL and the stay by the high court will have an unintended consequence of stalling the resolution process."The claim of the petitioner (SPG) constitutes only 1.9% of the total debt of the respondent.
Mumbai: The debt resolution process of Reliance Home Finance Ltd (RHFL), which is at the final stages, has been hit by the Shapoorji Pallonji (SP) Group's litigation against the home finance company. The lenders of RHFL are unable to proceed with the resolution process due to a coercive stay obtained by the SP Group from the Delhi High Court in November 2019. As per the stay order, RHFL is prohibited from disposing, alienating, encumbering either directly or indirectly or otherwise part with the possession of any of its assets, thus directly impacting the ongoing debt resolution process. SP Group is a secured lender with just Rs 200 crore exposure out of a total debt of Rs 11,200 crore, i.e., less than 1.8 per cent of the total debt of RHF. RHFL's lenders have received four binding bids. Two of the bids, from ACRE and Authum Investments, are for all the assets of the company, while the other two bids, from Capri Global and Avenue-Arcil, are for only the retail assets of the company. The bids are considered to be extremely attractive to the lenders as their values have crossed the fair value as determined by two independent valuers appointed by the lenders.
Even as Reliance Housing Finance has got attractive bids under the corporate resolution plan that is in final stages, there could be barrier on a speedy resolution as the Shapoori Pallonji Group had in 2019 got an stay from the Delhi HC against the company to sell its assets, according to sources. Anil Ambani-controlled Reliance Home Finance Ltd (RHFL) is at the final stages of the debt resolution process. However, according to the sources, lenders cannot proceed with the resolution process due to a coercive stay obtained by the Shapoorji Pallonji (SP) Group from Delhi High Court against RHFL in November 2019. As per the stay obtained by SP Group, RHFL is prohibited from disposing, alienating, encumbering either directly or indirectly or otherwise part with the possession of any its assets, thus directly impacting the ongoing debt resolution. According to a senior banker involved in the resolution process, it is imperative for the lenders of RHFL to settle the issue with SP Group for the successful closure of the ongoing resolution plan.
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 $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 for the fourth quarter of 2020. The Company reported GAAP net income of $21.8 million or $0.66 per dil
Ares Commercial Real Estate (NYSE:ACRE) is scheduled to be announcing its earnings results before the market opens on Thursday, February 18th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link. Shares of NYSE ACRE opened […]
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company” or “ACRE”) announced today that the Company, through wholly owned indirect subsidiaries, closed an approximately $667 million commercial real estate collateralized loan obligation (“CRE CLO”). The CRE CLO financed interests in 23 senior loans with an initial advance rate of 81% and an initial weighted average coupon of one-month LIBOR + 1.17%, excluding transaction costs. The CRE CLO is match-term, no
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company”) today announced the 2020 tax treatment for the Company’s common stock distributions (CUSIP # 04013V-10-8). Form 1099 Reference: (Box 1a+2a) Box 1a Box 1b Box 2a Box 2b Box 5 Record Date Payment Date Cash Distribution Per Share Distribution Allocable to 2020 Taxable Ordinary Dividends Taxable Qualified Dividends(1) Total Capital Gain Distribution Unrecap