UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 001-35517 ARES COMMERCIAL REAL ESTATE CORPORATION (Exact name of Re ...

Exhibit 99.1 ARES COMMERCIAL REAL ESTATE CORPORATION REPORTS SECOND QUARTER 2024 RESULTS Second quarter GAAP net income (loss) of $(6.1) million or $(0.11) per diluted common share and Distributable Earnings (Loss) of $(6.6) million or $(0.12) per diluted common share (1) - Subsequent to three months ended June 30, 2024 - Tae-Sik Yoon appointed to Chief Operating Of icer; Jef Gonzales appointed to Chief Financial Of icer & Treasurer Declared third quarter 2024 dividend of $0.25 per common share NEW YORK—(BU ...

mladenbalinovac/E+ via Getty Images Welcome the weekend in the best possible way: with another article from Seeking Alpha’s most entertaining author. Don't think so? People say I am. Like my mom. She said so, and you don't disrespect your mom. Which REIT are we going to bash? Good question. Orchid Island Capital (ORC) gets the spotlight. ORC is one of the agency mortgage REITs. Their historical performance has been less than impressive. ORC offers investors a huge dividend yield that falls apart faster ...

SrdjanPav/E+ via Getty ImagesI don’t want to trick readers into thinking this article is anything else. Somehow, I had the idea that I should rant about accounting. Accounting should be boring, but accounting is driving a failure of efficient markets. Investors who care about making money should care about this. Realistically, many investors won’t. If investors cared about fundamentals instead of bright lights and loud sounds, Jim Cramer would need to produce a very different show. Then again, you’re re ...

Kateryna Skorupska/iStock via Getty ImagesBrief article for this weekend. I want to cover some earnings projections for the mortgage REITs and BDCs. We have some preliminary results from a few companies already. Main Street Capital We have Main Street Capital (MAIN) establishing a preliminary figure in the $29.77 to $29.83 range. Midpoint is $29.80. That's quite similar to our estimate of $29.90. MAIN also previewed net investment income in the $1.00 to $1.02 range. That comes in very slightly under our ...

Matteo Colombo Real Estate Weekly Outlook U.S. equity markets posted their worst week since April, while benchmark interest rates rebounded from four-month lows as a wild week of political developments sparked a surge in volatility and added fuel to the "value rotation" dynamic as the path solidified for Fed rate cuts later this quarter. Markets reflected a higher likelihood of a conservative victory after former President Trump survived an assassination attempt last weekend, while traders reacted to ec ...

Firn/iStock via Getty Images Today we're going to examine the difference in performance for 2 very high yielding REITs. These REITs both deliver huge dividends, but one is vastly more popular with investors. I want to help investors understand how interchangeable these REITs can be. AGNC Investment (AGNC) and Dynex Capital (DX) are both agency mortgage REITs. They have similar assets and highly correlated performance. Previously, I referenced that DX slightly outperformed AGNC from January 3rd, 2017 through ...

How is it Getty images has hundreds of thousands of images and zero hits for "snark dog"? JasonOndreicka/iStock via Getty ImagesTime for another run down on the mortgage REITs. We’re going with one of my favorite layouts. I call this one: Turn music on and mash on the keyboard until money comes out. In other words, I'm sharing a few random observations. Ready Capital First thing that stands out. I’m surprised Ready Capital (RC) has underperformed so much over the last couple years. I know I’ve brought thi ...

12 dogs for the 12% dividend yield Eriklam/iStock via Getty Images If you clicked the title, you’re probably into high-dividend stocks. Alternatively, you may just enjoy my snarking writing. Either way, thank you for joining me. If you didn’t click the title, I have no idea how you got here. The first thing I want to talk about today is PMT-A and PMT-B. These two preferred shares from PennyMac Mortgage Trust (PMT) have been the center of controversy for nearly 10 months. I’m sharing an article we wrote fo ...

Canine's looking for 9% or higher Chris Amaral/DigitalVision via Getty Images How are you feeling about interest rates lately? I’m a bit bothered by the move higher. We’ve seen rates moving higher, but we’ve also seen share prices rally on some of our income investments. I want to discuss a new one we added to coverage recently. Chimera Investment Corporation (CIM) has a baby bond (CIMN). We wrote our first report on it on May 30th, 2024. I’m going to include part of that report below, along with a brief ...