Ares Commercial Real Estate: Q2 Earnings Insights

 

Shares of Ares Commercial Real ACRE fell 0.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 15.62% year over year to $0.37, which beat the estimate of $0.35.

Revenue of $23,531,000 rose by 30.86% from the same period last year, which beat the estimate of $20,000,000.

Outlook

Ares Commercial Real hasn't issued any earnings guidance for the time being.

Ares Commercial Real hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 30, 2021

Time: 12:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/acre/mediaframe/45153/indexr.html

Technicals

Company's 52-week high was at $16.98

52-week low: $8.75

Price action over last quarter: Up 1.67%

Company Profile

Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segments namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!