newsfilter
← Earnings
Earnings Releases·

Ares Commercial Real Estate Corporation — Third Quarter 2026 Earnings Summary

  • GAAP net income rose to $10.0 million ($0.18 per share) from $4.7 million ($0.08 per share) in the prior year period, driven by a $7.1 million realized gain on REO sales and a $1.8 million CECL reversal, despite total revenue declining to $13.5 million from $14.1 million.
  • The portfolio is actively repositioning with loans held for investment increasing to $1.60 billion while Real Estate Owned (REO) decreased to $75.5 million; management is prioritizing the resolution of risk-rated 4 and 5 loans to enhance future earnings.
  • The Board declared a $0.15 per share cash dividend for Q4 2026 payable January 15, 2027, and subsequently terminated a $90 million secured term loan following the quarter.
Company
ARES COMMERCIAL REAL ESTATE CORP
Sector
Financial Services
Industry
REIT - Mortgage