NYSE$ACRE

Ares Commercial Real Estate Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Ares Commercial Real Estate reported strong earnings for Q4 and full year 2019, driven by higher investment activity and portfolio performance.

Ares Commercial Real Estate Corporation reported GAAP net income of $9.7 million, or $0.33 per diluted common share, and Core Earnings of $10.7 million, or $0.37 per diluted common share, for the fourth quarter of 2019. The company's strong performance was attributed to higher investment activity at attractive spreads and continued strong portfolio performance.

  • Delivered strong earnings in both the fourth quarter and full year 2019.
  • Earnings were due to higher investment activity at attractive spreads and continued strong performance of our portfolio.
  • Completed a $73 million equity offering year to date.
  • Closed $238 million of new loans year to date.

Headline financials

Total Revenue

$21.6M

Previous: $14.5M+48.6%
EPS (adj)

$0.37

Previous: $0.38-2.6%
Dividends declared per share of common stock

$0.33

No prior period
Net Income

$9.66M

Previous: $10M-3.6%
Operating Income

$9.84M

No prior period
Cash & Equivalents

$5.26M

Previous: $11.1M-52.6%
Total Assets

$1.78B

Previous: $1.6B+11.3%

Revenue & EPS history

Ares Commercial Real Estate · Revenue · Quarterly

$21.6M

Q4 2019+48.6%vs Q4 2018
Beat estimate in 1 of 16 quarters(6%)
ActualEstimate

Forward guidance

Ares Commercial Real Estate is well positioned to grow accretively and focused on enhancing earnings through investment activities and optimizing borrowing facilities.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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