Shares of Ares Commercial Real Estate Corp (NYSE:ACRE) remained unaffected after the company reported Q3 results.
Earnings per share decreased 8.82% over the past year to $0.31, which beat the estimate of $0.24.
Revenue of $22,374,000 rose by 12.73% from the same period last year, which beat the estimate of $17,150,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Oct 29, 2020
Time: 12:00 PM
Recent Stock Performance
52-week high: $17.72
Company's 52-week low was at $2.78
Price action over last quarter: down 7.91%
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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