NYSE$ACRE
Ares Commercial Real Estate Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a GAAP net loss and Distributable Earnings, with Distributable Earnings per diluted common share fully covering the regular and supplemental dividends for the quarter.
Ares Commercial Real Estate Corporation reported a GAAP net loss of $2.2 million, or $0.04 per diluted common share, and Distributable Earnings of $19.0 million, or $0.35 per diluted common share, for the second quarter of 2023. The company bought back approximately 1.0% of its outstanding common shares at an average price of $8.58 per common share during the quarter.
- GAAP net loss was $2.2 million, or $0.04 per diluted common share.
- Distributable Earnings were $19.0 million, or $0.35 per diluted common share.
- The Board of Directors declared a regular cash dividend of $0.33 per common share for the third quarter of 2023.
- Company repurchased approximately 1.0% of its outstanding common shares during the second quarter of 2023.
Headline financials
Revenue & EPS history
Ares Commercial Real Estate · Revenue · Quarterly
$25M
Forward guidance
Management believes that repurchasing common shares at meaningful discounts to book value and new loan originations will be better uses of capital than the previously distributed supplemental dividends.
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 Q2 2023
+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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