Ares mercial Real Estate -Ares Commercial Real Estate (ACRE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Ares Commercial Real Estate (ACRE) reported a significant decline in revenue and earnings per share (EPS) for the quarter ended September 2024, with revenue at $39.35 million, down 25.5% year-over-year, and EPS at$ 0.07, compared to $0.25 in the same quarter last year [1] Financial Performance - Revenue from real estate owned was reported at$ 4.71 million, exceeding the average estimate of $3.65 million by two analysts, representing a substantial increase of 482.1% year-over-year [3] - Interest income was reported at$ 39.35 million, slightly below the average estimate of $39.92 million, reflecting a year-over-year decline of 25.5% [3] - Net interest margin was reported at$ 11.94 million, compared to the average estimate of $15.82 million, indicating a year-over-year decrease of 48.2% [3] Market Performance - Ares Commercial Real Estate shares have returned -1.1% over the past month, underperforming the Zacks S&P 500 composite, which saw a +3.2% change [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]