Analyst’s Disclosure: I/we have a beneficial long position in the shares of RITM-D, GPMT-A, DX-C, EFC-A, EFC-B, PMT-C, RITM-B, MFAN, RCB, RITM, SLRC, GPMT, RC, GBDC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Colorado Wealth Management Fund and Scott Kennedy are supp ...

You can get access to everything we have to offer right now. Try our service and decide for yourself. Want the best research? It's time to raise your game. Get access to several features you won't find on the public side. To be fair, I'm also known for posting quite a few bearish ratings. Some people don't like that, but I think it's just Analyst's Disclosure: I/we have a beneficial long position in the shares of RITM-D, GPMT-A, DX-C, EFC-A, EFC-B, PMT-C, RITM-B, MFAN, RCB, RITM, SLRC, GPMT, RC, GBDC either ...

filo It was the second quarter in a row for Ares Commercial Real Estate Corporation (NYSE:ACRE) in which the commercial real estate investment trust reported negative distributable earnings amid a number of loan sales below book value. The resulting losses chipped away at the trust's distributable earnings and book value in 2Q24, but Ares Commercial Real Estate nonetheless declared a $0.25 per share dividend for 3Q24. A potential dividend cut is priced into Ares Commercial Real Estate's stock, in my view, w ...

Justin Paget/DigitalVision via Getty Images Happy Friday! This was prepared Thursday, but most of you won't see it until Friday. That's fine. This piece is intended to kick off the weekend anyway. We always have charts for mortgage REITs and BDCs, but we rarely talk about the BDCs. We're going to include them in our shallow dives. Could we do deep dives? Sure. But we do that frequently. Shallow dives usually do much better over the weekend. Blackstone Secured Lending (BXSL) This BDC looks like a decent valu ...

Richard Drury Ares Commercial Real Estate (NYSE:ACRE) is facing a challenging situation in its loan portfolio, which was reflected in a steep loss in the second fiscal quarter and rists new questions as to the RETT's dividend. Aces Commercial reported much instruments reported much more color not more popular med publice town reles new questions as t discount to book value, investors are rightfully concerned about a potential dividend reset in the near future. VAL -36.81% Ares Commercial Real Estate Corp (A ...

akinbostanci/iStock via Getty Images We first wrote about Ares Commercial Real Estate Corporation (NYSE:ACRE) in February 2024. The idea then was that the poor distribution coverage would result in a cut, sooner rather than later. The actual distribution cut came within two weeks, and the stock has responded in kind. Total returns have been negative, even accounting for the distributions. Seeking Alpha In our subsequent coverage, we made the rather unusual call that a second distribution cut would be coming ...

Ares Commercial Real Estate Corporation (NYSE:ACRE) Q2 2024 Earnings Conference Call August 6, 2024 12:00 PM ET Company Participants John Stilmar - Managing Director, Investor Relations Bryan Donohoe - Chief Executive Officer Tae-Sik Yoon - Chief Operating Officer Conference Call Participants Shane Rick - JPMorgan Stephen Laws - Raymond James Jason Sabshon - KBW Chris Muller - Citizens JMP Operator Good afternoon, ladies and gentlemen. Welcome to Ares Commercial Real Estate Corporation's Second Quarter Earn ...

Exhibit 99.2 Second Quarter 2024 Earnings Presentation Confidential – Not for Publication or Distribution Disclaimer Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, which may relate to future events or the future performance or financial condition of Ares Commercial Real Estate Corporation ("ACRE" or, the "Company"), Ares Commercial Real Estate ...

Ares Commercial Real Estate (ACRE) reported $40.85 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 21.4%. EPS of -$0.12 for the same period compares to $0.35 a year ago. The reported revenue represents a surprise of -2.34% over the Zacks Consensus Estimate of $41.83 million. With the consensus EPS estimate being $0.19, the EPS surprise was -163.16%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expect ...

Ares Commercial Real Estate (ACRE) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of $0.19. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -163.16%. A quarter ago, it was expected that this real estate investment trust would post a loss of $0.30 per share when it actually produced a loss of $0.62, delivering a surprise of -106.67%.Over the last four qua ...