Ares mercial Real Estate (ACRE) - 2024 Q2 - Quarterly Results

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 ...