7.45
1.09%
+0.08
After Hours:
7.49
0.04
+0.54%
Ares Commercial Real Estate Corp stock is currently priced at $7.45, with a 24-hour trading volume of 679.74K.
It has seen a +1.09% increased in the last 24 hours and a +3.33% rose in the past month.
The chart indicates a potential bullish trend, as the stock is above the $7.34 pivot point. If it approaches the $7.52 resistance level, significant changes may occur.
Ares Commercial Real Estate Corp Stock (ACRE) Financials Data
Ares Commercial Real Estate Corp (ACRE) Revenue 2023
ACRE reported a revenue (TTM) of $81.43 million for the quarter ending December 31, 2023, a -25.32% decline year-over-year.
Ares Commercial Real Estate Corp (ACRE) Net Income 2023
ACRE net income (TTM) was -$38.87 million for the quarter ending December 31, 2023, a -230.48% decrease year-over-year.
Ares Commercial Real Estate Corp (ACRE) Cash Flow 2023
ACRE recorded a free cash flow (TTM) of $46.79 million for the quarter ending December 31, 2023, a -18.14% decrease year-over-year.
Ares Commercial Real Estate Corp (ACRE) Earnings per Share 2023
ACRE earnings per share (TTM) was -$0.72 for the quarter ending December 31, 2023, a -220.00% decline year-over-year.
Ares Commercial Real Estate Corp Stock (ACRE) Latest News
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About Ares Commercial Real Estate Corp
Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of commercial real estate (CRE) properties. The company originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments. Ares Commercial Real Estate Corporation has elected and qualified to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes under the Internal Revenue Code of 1986. As a REIT, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was founded in 2011 and is headquartered in New York, New York.
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