Ares Commercial Real Estate (ACRE) reported Q1 EPS of ($0.64), missing analyst expectations by ($0.34), with revenue of $18.69M, $25M below estimates.
Ares Commercial Real Estate (NYSE:ACRE) reported Q1 earnings of ($0.64) EPS, missing analyst expectations by ($0.34). The real estate investment trust had a negative net margin of 43.30% and a positive return on equity of 8.00%. Revenue was $18.69 million, below the $43.77 million analysts expected. The company declared a quarterly dividend of $0.25 per share, representing a 14.56% dividend yield and a payout ratio of 109.9%. Shares traded up $0.11 on Friday, reaching $6.90.
May 10, 2024
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