Ares Commercial Real Estate: Q2 Earnings Insights

 

Shares of Ares Commercial Real ACRE fell 0.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 15.62% year over year to $0.37, which beat the estimate of $0.35.

Revenue of $23,531,000 rose by 30.86% from the same period last year, which beat the estimate of $20,000,000.

Outlook

Ares Commercial Real hasn't issued any earnings guidance for the time being.

Ares Commercial Real hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 30, 2021

Time: 12:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/acre/mediaframe/45153/indexr.html

Technicals

Company's 52-week high was at $16.98

52-week low: $8.75

Price action over last quarter: Up 1.67%

Company Profile

Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segments namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.

Posted In: BZI-RecapsEarnings