Ares Commercial Real Estate: Q1 Earnings Insights
Shares of Ares Commercial Real Estate (NYSE:ACRE) were unchanged in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were flat 0.00% over the past year to $0.32, which missed the estimate of $0.34.
Revenue of $21,134,000 higher by 49.28% year over year, which beat the estimate of $14,100,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Ares Commercial Real hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: May 08, 2020
Webcast URL: http://www.arescre-ir.com/event
Technicals
Company's 52-week high was at $17.72
Company's 52-week low was at $2.78
Price action over last quarter: down 59.50%
Company Description
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.
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