NYSE$ACRE
Ares Commercial Real Estate Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Ares Commercial Real Estate reported a net loss and negative distributable earnings for Q1 2024, while also reducing debt and resolving underperforming loans.
Ares Commercial Real Estate Corporation reported a GAAP net loss of $(12.3) million, or $(0.23) per diluted common share, and Distributable Earnings (Loss) of $(33.5) million, or $(0.62) per diluted common share for Q1 2024. The company focused on resolving underperforming loans and reducing debt.
- Exited or restructured four loans, leading to a 31% decline in the outstanding principal balance of loans on non-accrual status.
- Reduced debt balance by an additional 8%, resulting in an outstanding principal balance below $1.5 billion.
- Declared a second quarter 2024 dividend of $0.25 per common share.
- First quarter dividend of $0.25 per common share was paid on April 16, 2024.
Headline financials
Revenue & EPS history
Ares Commercial Real Estate · Revenue · Quarterly
$18.7M
Forward guidance
The company anticipates continued execution of their plan to drive shareholder value through real estate capabilities, liquidity, and capital position.
Tailwinds
- Real estate capabilities of the Ares platform
- Liquidity
- Capital position
- Focus on resolving underperforming loans
- Reduction of debt balance
Headwinds
- Global economic trends and economic conditions
- Changes to fiscal and monetary policy
- Geopolitical instability
- Changes in interest rates and credit spreads
- Demand for commercial real estate loans
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.2%
Avg return
30 days after
57%
31 / 54 earnings
Positive
+13.6%
Q1 2025
Best reaction
-12.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -6.9% | -4.4% | |
| Q4 2025 | +11.7% | +1.2% | -2.9% | |
| Q3 2025 | +12.5% | +9.4% | +13.6% | |
| Q1 2025 | +13.6% | +19.9% | +16.3% | |
| Q4 2024 | -12.2% | -16.7% | -20.4% | |
| Q3 2024 | +11.6% | +7.7% | +8.8% | |
| Q2 2024 | -1.3% | -2.4% | +0.0% | |
| Q1 2024 | +0.3% | +0.3% | +1.7% | |
| Q4 2023 | -7.3% | -11.2% | -6.5% | |
| Q3 2023 | +0.6% | +0.5% | +6.8% | |
| Q2 2023 | +1.4% | +2.5% | -0.7% | |
| Q1 2023 | -4.1% | -5.6% | +8.8% | |
| Q4 2022 | -1.3% | -1.9% | -25.7% | |
| Q3 2022 | -7.9% | -3.2% | -2.8% | |
| Q2 2022 | -0.4% | -3.6% | -1.4% | |
| Q1 2022 | +6.4% | +4.5% | -0.5% | |
| Q4 2021 | +3.8% | +3.8% | +7.0% | |
| Q3 2021 | -2.2% | +1.5% | -5.2% | |
| Q2 2021 | -4.9% | -6.3% | +1.4% | |
| Q1 2021 | +1.7% | +2.2% | +7.7% | |
| Q4 2020 | +5.0% | +4.0% | +7.1% | |
| Q3 2020 | +3.8% | +10.8% | +27.2% | |
| Q2 2020 | +6.0% | +9.0% | +5.3% | |
| Q1 2020 | -5.3% | -16.6% | +34.3% | |
| Q4 2019 | +4.0% | -0.9% | -64.5% | |
| Q3 2019 | +0.1% | -1.2% | +1.3% | |
| Q2 2019 | +2.1% | +1.5% | +1.3% | |
| Q1 2019 | -1.4% | -0.8% | -3.4% | |
| Q4 2018 | +7.5% | +7.4% | +7.9% | |
| Q3 2018 | +3.9% | +3.8% | +2.9% | |
| Q2 2018 | +0.6% | +1.4% | +3.2% | |
| Q1 2018 | +6.0% | +9.7% | +13.0% | |
| Q4 2017 | +0.0% | +0.2% | +0.2% | |
| Q3 2017 | +0.5% | -0.4% | +3.4% | |
| Q2 2017 | +1.8% | +3.6% | +2.9% | |
| Q1 2017 | -7.0% | -6.7% | -5.3% | |
| Q4 2016 | -1.8% | -3.7% | +0.4% | |
| Q3 2016 | +0.8% | +2.1% | +7.0% | |
| Q2 2016 | +2.9% | +2.2% | +0.2% | |
| Q1 2016 | -2.4% | — | — | |
| Q4 2015 | +4.0% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | +3.6% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -1.4% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | +4.8% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q2 2012 | -0.3% | — | — |
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