Ares Commercial Real Estate Corporation Stock News

ACRE is a well-run commercial mortgage REIT that's delivered consistently growing shareholder returns.

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Ares Management has been an excellent pick for outperformance over the years and strongly smashes the S&P 500 for total return.

Taconic Capital Advisors, HEI Hotels & Resorts and Ares Commercial Real Estate (ACRE) announced that Taconic and HEI have partnered to acquire the Westchester Marriott, a 444-key…

The resolution professional of Sintex Industries has extended the voting date to March 18 for the four plans after many lenders sought time to seek their approval from their respective boards, said two people aware about the matter. All four plans – Reliance Industries -Assets Care & Reconstruction Company (ACRE) team; Himatsingka Ventures, Welspun and GFCL Ltd- were put to vote on March 3, the people said. The voting was originally scheduled to end on March 10 (today), people said.Reliance Industries – ACRE team’s offer is highest at Rs 3651 crore among all four plans, as reported by ET. Himatsingka Ventures is offering Rs 3,297 crore, Welspun group entity is offering Rs 3,102 crore while GHCL is offering Rs 2,140 crore, as reported. The RP of the textile company has admitted Rs 7,534.6 crore claims from 27 financial creditors.The RP invited a second round of bidding early last month in hope of receiving improved offers that would be above the liquidation value. The Reliance -ACRE team had earlier offered Rs 3,405 crore but improved its offer following negotiations with the lenders.

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Lenders have entered the final stage of negotiation with Reliance Industries (RIL) after declaring it the highest bidder for Sintex Industries on Monday evening, said two people aware of the development.At a committee of creditors'' meeting held on Monday evening, lenders asked Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) team to submit an improved offer by Wednesday, the people said.In most cases, lenders negotiate with the highest bidder to maximise recoveries from buyers of the bankrupt companies, said one of the lenders of Sintex. The Reliance-ACRE offer equates to a recovery of 36% for lenders, excluding the 15% equity stake.Reliance Industries did not respond to the request for comments.In the second round of bidding, the Reliance Industries-ACRE team has offered ₹3,405 crore, which includes ₹2,700 crore as upfront payment to lenders and a 15% equity stake upon conversion of ₹171 crore debt into equity, as reported by ET earlier. This apart, ₹72 crore would be distributed to trade creditors and ₹11 crore to employees.

Ares Commercial Real Estate Corporation's (ACRE) CEO Bryan Donohoe on Q4 2021 Results - Earnings Call Transcript

Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 7.89% and 8.08%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the

Ares Commercial Real Estate (ACRE) declares $0.33/share quarterly dividend, in line with previous.

Ares Commercial Real (NYSE: ACRE ) reported its Q4 earnings results on Tuesday, February 15, 2022 at 06:00 AM. Check out this: Executives Buy Around $93M Of 3 Stocks Here''s what investors need to know about the announcement. Earnings Ares Commercial Real beat estimated … Full story available on Benzinga.com

Ares Commercial Real Estate press release (ACRE): Q4 Non-GAAP EPS of $0.41 beats by $0.05.Revenue of $30.11M (+42.0% Y/Y) beats by $6.01M.Looking forward, the Company continues…

NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $17.2 million or $0.36 per diluted common share and Distributable Earnings(1) of $19.4 million or $0.41 per diluted common share for the fourth quarter of 2021. The Company reported GAAP net income of $60.5 million or $1.42 per dil