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 three months ended 31 March 2024, Ares Commercial Real Estate Corp revenues decreased 4% to $47.5M. Net loss increased 91% to $12.3M. Revenues reflect Interest income decrease of 11% to $44M. Higher net loss reflects Realized losses on loans increase from $5.6M to $45.7M (expense), General and administrative expenses reim increase of 55% to $1.1M (expense), General and administrative expenses increase of 24% to $2.1M (expense).