Ares Commercial Real Estate: 40% Dividend Cut, What Now?

Core Viewpoint - Ares Commercial Real Estate Corporation (NYSE: ACRE) has reduced its dividend by 24% in early 2024 due to loan problems and weak pay-out metrics, indicating that the mortgage real estate investment trust did not generate sufficient distributable profits to cover its dividend obligations [1]. Group 1 - Ares Commercial Real Estate Corporation cut its dividend by 24% [1] - The company faced loan problems and weak pay-out metrics [1] - The mortgage real estate investment trust did not earn its dividend with distributable profits [1]