Ares Commercial Real Estate: Fear-Based Pricing Creates Opportunity (Upgrade)

Core Insights - Ares Commercial Real Estate Corporation (NYSE: ACRE) faced significant declines in dividend coverage and loan performance last year, leading to two dividend cuts, with the most recent reduction being 40% to $0.15 per share [1] Financial Performance - The company experienced a substantial deterioration in its financial metrics, particularly in dividend coverage and loan performance [1]