Ares mercial Real Estate (ACRE) - 2024 Q3 - Quarterly Results

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 ...