Last $12.22 USD
Change Today +0.01 / 0.08%
Volume 254.1K
ACRE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

ares commercial real estate (ACRE) Snapshot

Open
$12.20
Previous Close
$12.21
Day High
$12.25
Day Low
$12.08
52 Week High
11/14/13 - $13.95
52 Week Low
08/28/13 - $12.04
Market Cap
349.4M
Average Volume 10 Days
149.2K
EPS TTM
$0.67
Shares Outstanding
28.6M
EX-Date
06/26/14
P/E TM
18.2x
Dividend
$1.00
Dividend Yield
8.18%
Current Stock Chart for ARES COMMERCIAL REAL ESTATE (ACRE)

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ares commercial real estate (ACRE) Details

Ares Commercial Real Estate Corporation, a specialty finance company, is engaged in principal lending and mortgage banking of commercial real estate (CRE) investments. The company operates in two segments: Principal Lending and Mortgage Banking. It provides flexible financing solutions for commercial real estate owners and operators; and originates, manages, and services a portfolio of commercial real estate (CRE) debt-related investments. The company’s investments include transitional senior mortgage loans; stretch senior mortgage loans; bridge loans; subordinated real estate loans; and other select CRE debt and preferred equity investments. Ares Commercial Real Estate Corporation have elected and qualified to be taxed as a real estate investment trust to the extent that it distribute at least 90% of REIT taxable income under the Internal Revenue Code of 1986. Ares Commercial Real Estate Management LLC operates as the manager of the company. Ares Commercial Real Estate Corporation was founded in 2011 and is headquartered in Chicago, Illinois.

Founded in 2011

ares commercial real estate (ACRE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $475.7K
Compensation as of Fiscal Year 2013.

ares commercial real estate (ACRE) Key Developments

Ares Commercial Real Estate Corporation Presents at 2014 Wells Fargo Specialty Finance Conference, May-20-2014 03:30 PM

Ares Commercial Real Estate Corporation Presents at 2014 Wells Fargo Specialty Finance Conference, May-20-2014 03:30 PM. Venue: InterContinental Times Square, 300 W 44th St, New York, NY 10036, United States. Speakers: Tae-Sik Yoon, Chief Financial Officer, Todd S. Schuster, Chief Executive Officer, President and Director.

Ares Commercial Real Estate Corporation Declares Cash Dividend for the Second Quarter of 2014, Payable on July 16, 2014

Ares Commercial Real Estate Corporation on May 7, 2014, declared a cash dividend of $0.25 per common share for the second quarter of 2014. The second quarter 2014 dividend is payable on July 16, 2014 to common stockholders of record as of June 30, 2014.

Ares Commercial Real Estate Corporation Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Ares Commercial Real Estate Corporation reported consolidated unaudited earnings results for the first quarter ended March 31, 2014. Total revenue was $15,443,000 against $5,326,000 a year ago. Income from operations before income taxes was $4,081,000 against $327,000 a year ago. Net income was $4,755,000 against $327,000 a year ago. Basic and diluted earnings per common share was $0.17 against $0.04 a year ago.

 

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ACRE:US $12.22 USD +0.01

ACRE Competitors

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Company Last Change
Arbor Realty Trust Inc $7.07 USD -0.03
Dynex Capital Inc $8.30 USD -0.06
Ellington Residential Mortgage REIT $16.30 USD -0.12
Hannon Armstrong Sustainable Infrastructure Capital Inc $13.71 USD -0.29
Owens Realty Mortgage Inc $16.01 USD -0.79
View Industry Companies
 

Industry Analysis

ACRE

Industry Average

Valuation ACRE Industry Range
Price/Earnings 16.0x
Price/Sales 7.5x
Price/Book 0.9x
Price/Cash Flow 19.2x
TEV/Sales NM Not Meaningful
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