A director at Ares Commercial Real Estate Corp bought 18,000 shares at 14.051USD and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the las...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $9.3 million or $0.33 per diluted common share and Core Earnings(1) of $9.6 million or $0.33 per diluted common share for the first quarter of 2018. In addition, the Company announced that its Board of Directors declared a second quarter 2018 dividend of $0.28 per common...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will release financial results for the first quarter ended March 31, 2018 on Tuesday, May 1, 2018 prior to the opening of the New York Stock Exchange. The Company invites all interested persons to attend its webcast/conference call at 11:00 a.m. (Eastern Time) on the same day to discuss its first quarter ended March 31, 2018 financial results. All interested parties are invited to participate via telephone or the li...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it has appointed Edmond N. Moriarty, III to its Board of Directors as an independent Class I Director, effective immediately. Mr. Moriarty’s appointment expands the Board from eight to nine members, six of whom are independent. Mr. Moriarty currently serves as the Chief Financial Officer and Head of Risk for Rockefeller Capital Management and is a member of its Executive Committee. Previously, Mr. Moriarty held various leader...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $6.2 million or $0.22 per diluted common share and Core Earnings(1) of $7.2 million or $0.25 per diluted common share for the fourth quarter of 2017. The Company reported GAAP net income of $30.4 million or $1.07 per diluted common share and Core Earnings(1) of $32.1 mil...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will release financial results for the fourth quarter and full-year 2017 on Thursday, March 1, 2018 prior to the opening of the New York Stock Exchange. The Company invites all interested persons to attend its webcast/conference call at 11:00 a.m. (Eastern Time) on the same day to discuss its fourth quarter and full-year 2017 financial results. All interested parties are invited to participate via telephone or the l...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that William Benjamin, Head of the Ares Real Estate Group, has been appointed as a Director and Chairman of the Board of Directors. Robert Rosen has decided to step down from his position as a Director and Chairman of the Board. Mr. Rosen has served as a Director since ACRE’s initial public offering in 2012, Chairman since 2014 and previously served as interim Co-Chief Executive Officer from 2015 to 2017. Mr. Benjamin is a Partner...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE:ACRE) (the “Company”) today announced the 2017 tax treatment for the Company’s common stock distributions (CUSIP # 04013V-10-8). Form 1099 Reference: (Box 1a + 2a) Box 1a ...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that it closed $416 million in new loan commitments (with $387 million of initial fundings on these commitments) during the fourth quarter of 2017. The eleven new loan commitments included five multifamily loans, two commercial office loans, two student housing loans, a hospitality loan and an industrial loan. Ten of the eleven commitments were senior, floating rate loans and all loans were located in primary and secondary markets across th...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported net income of $11.1 million or $0.39 per diluted common share for the third quarter of 2017. In addition, the Company announced that its Board of Directors declared a fourth quarter 2017 dividend of $0.27 per common share payable on January 16, 2018 to common stockholders of record as of December 29, 2017. “We generat...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that its Board of Directors has appointed Jamie Henderson, the Company’s President and Chief Investment Officer, as Chief Executive Officer, and elected him as a Class I Director. The Company’s Interim Co-Chief Executive Officer, Robert Rosen, will continue to serve as Chairman of ACRE’s Board. The Company’s Co-Chief Executive Officer, John Jardine, has been named Vice Chairman and Head of National Accounts for Real Estate Debt within Ares ...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that it will release financial results for the third quarter 2017 on Wednesday, November 1, 2017 prior to the opening of the New York Stock Exchange. The Company invites all interested persons to attend its webcast/conference call at 11:00 a.m. (Eastern Time) on the same day to discuss its third quarter 2017 financial results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted ...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it has appointed Kirk A. Sykes to its board as an independent Class II director, effective immediately. Mr. Sykes’ appointment expands the board to eight directors, five of whom are independent. Mr. Sykes currently serves as Senior Vice President of New Boston Fund, Inc., an independent, privately-owned real estate investment management firm. Previously, he was the President of the Urban Strategy America Fund, L.P., a New Bos...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that Sumit Sasidharan has been appointed as Managing Director and Head of Real Estate Debt Capital Markets at its external manager, a subsidiary of Ares Management, L.P. (NYSE:ARES). Based in New York, Mr. Sasidharan will manage and oversee liquidity and financing opportunities within Ares’ Real Estate Debt platform, including through ACRE and other managed funds. The firm’s real estate debt team directly originates and invests in a wide ra...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported net income of $6.7 million or $0.24 per diluted common share for the second quarter of 2017. In addition, the Company announced that its Board of Directors declared a third quarter 2017 dividend of $0.27 per common share payable on October 16, 2017 to common stockholders of record as of September 29, 2017. “After a st...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will release financial results for the second quarter 2017 on Thursday, August 3, 2017 prior to the opening of the New York Stock Exchange. The Company invites all interested persons to attend its webcast/conference call at 10:00 a.m. (Eastern Time) on the same day to discuss its second quarter 2017 financial results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted ...
NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that its President and Chief Investment Officer, Jamie Henderson and its Chief Financial Officer, Tae-Sik Yoon will present at the 2017 Keefe, Bruyette & Woods Mortgage Finance & Asset Management Conference in New York on Thursday, June 1, 2017 at 8:35 am EDT in New York City. A live audio webcast of the presentation will be available in the Investor Resources section of the Company’s website at www.arescre.com. For those unable to...
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