Ares mercial Real Estate (ACRE) - 2023 Q4 - Annual Results

Exhibit 99.1 ARES COMMERCIAL REAL ESTATE CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Fourth quarter GAAP net income (loss) of $(39.4) million or$(0.73) per diluted common share and Distributable Earnings(1) of $10.8 million or$0.20 per diluted common share Full year GAAP net income (loss) of $(38.9) million or$(0.72) per diluted common share and Distributable Earnings(1) of $58.4 million or$1.06 per diluted common share - Subsequent to year ended December 31, 2023 - Declared first quar ...