NYSE$ACRE

Ares Commercial Real Estate Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Ares Commercial Real Estate reported fourth quarter and full year 2024 results.

Ares Commercial Real Estate Corporation reported a GAAP net loss of $(10.7) million or $(0.20) per diluted common share and Distributable Earnings (Loss) of $(8.3) million or $(0.15) per diluted common share for the fourth quarter of 2024. The company is focused on addressing underperforming loans and REOs in 2025 and has lowered its quarterly dividend to $0.15 per share.

  • GAAP net income (loss) of $(10.7) million or $(0.20) per diluted common share for Q4 2024.
  • Distributable Earnings (Loss) of $(8.3) million or $(0.15) per diluted common share for Q4 2024.
  • Collected $166 million in repayments resulting in available capital of over $200 million.
  • First quarter 2025 dividend declared at $0.15 per common share.

Headline financials

Total Revenue

$17.5M

Previous: $47.5M-63.1%
EPS (adj)

-$0.15

Previous: $0.20-175.0%
Dividends declared per share of common stock

$0.25

Previous: $0.33-24.2%
Capital Expenditures

$0.00

No prior period
Net Income

-$10.7M

Previous: -$39.4M+72.9%
Operating Income

-$10.7M

Previous: -$39.5M+73.0%

Revenue & EPS history

Ares Commercial Real Estate · Revenue · Quarterly

$17.5M

Q4 2024-63.1%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The company remains focused on addressing underperforming loans and REOs in 2025. Earnings during the year are expected to be impacted by a more flexible balance sheet position.

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 2024

Historical avgQ4 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

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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