Detail akcie Ares Commercial online

Business Summary: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through its segment, which is primarily focused on directly originating and managing a diversified portfolio of CRE debt-related investments for the Company’s own account. The Company’s target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential, and other commercial real estate properties, or by ownership interests therein. The Company’s portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Ares Commercial Real Estate Corp revenues increased 17% to $202.6M. Net loss totaled $38.9M vs. income of $29.8M. Revenues reflect Revenue from real estate owned increase of 49% to $4M. Net loss reflects Provision for current expected credit lo increase of 99% to $91.8M (expense), Realized losses on loans sold increase from $0K to $10.5M (expense).