|Bid||14.81 x 900|
|Ask||15.03 x 900|
|Day's Range||14.71 - 15.10|
|52 Week Range||11.16 - 16.98|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||10.05|
|Earnings Date||Feb 16, 2022 - Feb 21, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.42|
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NEW YORK, November 15, 2021--Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE) announced today that it has entered into an agreement to increase its existing Term Loan from $60.0 million to $150.0 million, reduce the all-in pricing from LIBOR plus 5.75% to an initial fixed rate of 4.50% and extend the initial maturity to November 2026.
In addition to our press release and the 10-Q that we filed with the SEC, we have posted an earnings presentation under the Investor Resources section of our website at www.arescre.com. Before we begin, I want to remind everyone that comments made during the course of this conference call and webcast and the accompanying documents contain forward-looking statements and are subject to risks and uncertainties.
Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 8.82% and 2.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?