Exhibit 99.1 ARES COMMERCIAL REAL ESTATE CORPORATION REPORTS THIRD QUARTER 2024 RESULTS Third quarter GAAP net income (loss) of $(5.9) million or $(0.11) per diluted common share and Distributable Earnings of $3.7 million or $0.07 per diluted common share (1) - Subsequent to three months ended September 30, 2024 - Declared fourth quarter 2024 dividend of $0.25 per common share NEW YORK—(BUSINESS WIRE)—Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), a specialty finance company engaged in ...

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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 ...

Core Viewpoint - Ares Commercial Real Estate Corporation (ACRE) has faced significant financial challenges, including a distribution cut and negative total returns, leading to a downgrade to a "Strong Sell" rating with expectations of further distribution cuts in the near future [1][20]. Financial Performance - ACRE's stock price at publication was $8.25, reflecting an 18.18% decline since then, with a total return of -12.06% compared to a 4.79% increase in the S&P 500 [2]. - The company reported a GAAP net income loss of $(0.70) per diluted share for Q2 2024, with distributable earnings also showing a loss of $(0.12) per share [7][10]. - The net interest margin has been declining, dropping from approximately $25 million to $16.8 million over the last four quarters, indicating a significant reduction in net interest income [16]. Debt and Leverage - ACRE has achieved a 10% year-to-date reduction in outstanding borrowings, totaling $1.5 billion, resulting in a debt-to-equity leverage ratio of 1.9x [5][6]. - The company has risk-rated loans that exceed its market capitalization of $367.43 million, raising concerns about its ability to manage its loan portfolio effectively [10][11]. Distribution and Dividend Outlook - Despite the financial losses, ACRE did not cut its distribution, which is viewed as unsustainable, with a best-case scenario for future distributions estimated at around $0.15 per share [19][18]. - The current dividend policy is likely to lead to further liquidity issues, and a more prudent approach would be to reduce the distribution to $0.10 per quarter to build a buffer against ongoing losses [19]. Market Position and Risks - ACRE's portfolio includes loans that have recently gone into non-accrual status, particularly in the multifamily sector, indicating potential further losses [9][15]. - The company has been rated poorly among mortgage REITs over the past five years, with a total price change of -55.50% [20].

Financial Data and Key Metrics Changes - For Q2 2024, the company reported a GAAP net loss of approximately $6.1 million or $0.11 per common share, with distributable earnings loss of approximately $6.6 million or $0.12 per common share, primarily due to a realized loss of $16.4 million from a California office property [13][14] - The overall CECL reserve stands at approximately $139 million, a decrease of about $2 million from the previous quarter, representing about 7% of the outstanding principal balance of loans held for investment [14] Business Line Data and Key Metrics Changes - The company ended Q2 with seven loans totaling approximately $477 million of outstanding principal rated four and five, with three loans migrating from risk rating four to five during the quarter [11][14] - The company took title to a California office property, recording a realized loss of $16 million and classifying the property as REO held for sale [11][14] Market Data and Key Metrics Changes - Market sentiment in the commercial real estate sector is modestly improving, driven by reduced interest rate expectations and increased capital availability [8] - The anticipated sale of a multifamily property securing one of the senior loans did not proceed as expected, leading to a non-accrual status for the loan [9] Company Strategy and Development Direction - The company is focused on strengthening its balance sheet to drive maximum flexibility in addressing underperforming loans, which may result in uneven earnings in the near term [10][15] - The strategy includes maintaining significant liquidity and reducing leverage to prepare for future investment opportunities [10][15] Management's Comments on Operating Environment and Future Outlook - Management noted that while the commercial real estate market is showing signs of improvement, the timing of exits and resolutions remains dynamic, impacting near-term earnings [8][9] - The company expects to return to a higher level of profitability upon resolution of underperforming loans [10][15] Other Important Information - A regular cash dividend of $0.25 per common share was declared for Q3 2024, payable on October 15, 2024 [15] Q&A Session Summary Question: How quickly are you seeing behavior from borrowers change? - Management noted that optimism is starting to crystallize with changing rates, and there has been an increase in real estate activity year-over-year [18] Question: When will distributable earnings ex losses reach a trough? - Management indicated that various factors, including resolving non-accrual loans, will influence earnings, and they expect uneven earnings as they work through their strategic plan [22][23] Question: What is the current dividend comfort level? - The Board will evaluate the dividend on a quarterly basis, considering the current financial position and market conditions [25] Question: How much interest income did the multifamily loan contribute in Q2? - No interest income was recognized from the multifamily loan during Q2 as it was on non-accrual for the entire period [27] Question: What dollar value of REO do you ultimately expect? - Management stated it is tough to predict the exact amount of REO but emphasized active dialogue with borrowers to stabilize assets [30] Question: What drives migration from risk four to five in loans? - Factors include the certainty and timing of potential losses, with shorter-term maturities increasing the likelihood of migration [33] Question: What is the confidence level in the current pace of credit migration? - Management expressed optimism about stability in underlying fundamentals and the positive sentiment in the market [35] Question: What would it take to get back on offense? - The focus remains on resolving problem loans before pursuing new investments, with a readiness to act as market conditions improve [38]

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 ...