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Ares Commercial Real Estate Cor (ACRE)
NYSE:ACRE
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
-0.62Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -18.56%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautious optimism with significant progress in reducing risk-weighted loans and office exposure. Despite facing a GAAP net loss and increasing risk-rated loans, the company has improved its liquidity and leverage position, setting a strategic path for 2025. The sentiment is balanced with both strong highlights and notable lowlights.Company Guidance
During the fourth quarter earnings call for Ares Commercial Real Estate Corporation, guidance was provided on several key metrics and strategic objectives. The company reported a GAAP net loss of $10.7 million, or $0.20 per share, for the fourth quarter of 2024, with distributable earnings also reflecting a net loss of $8.3 million or $0.15 per share. For the full year, the GAAP net loss was $35 million, or $0.64 per share, and the distributable earnings loss was $44.6 million, or $0.82 per share. The company reduced its risk-rated 4 and 5 loans by approximately 34%, or $182 million, and office exposure by $151 million, representing an 18% decline year-over-year. In 2024, they collected $350 million in loan repayments, nearly double the 2023 figures, with $137 million collected in the fourth quarter alone. The net debt-to-equity ratio, excluding CECL, was reduced to 1.6 times by year-end, a 16% decrease from 2023. For 2025, Ares is focused on further reducing high-risk loans and maintaining liquidity, with a cash balance comprising about 40% of the current market value of the stock. The quarterly dividend was adjusted to $0.15 per share to align with strategic goals, despite potential earnings variability.Reduction in Risk-Weighted Loans
For the full year 2024, the company reduced its risk-rated 4 and 5 loans by approximately 34% or $182 million.
Decrease in Office Exposure
Ares reduced its office exposure, including REOs, by $151 million, representing a decline of 18% year-over-year.
Strong Loan Repayments
The company collected $137 million in repayments in Q4 2024 and $350 million for the full year, nearly doubling the repayments compared to 2023.
Improved Leverage and Liquidity
Ares reduced its outstanding borrowings by $444 million or 27% for the full year 2024, achieving a net debt-to-equity ratio of 1.6 times by year-end.
High Cash Reserves
The company's cash balance now represents approximately 40% of the current market value of the stock, positioning them with over $200 million of available capital.
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ACRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $6.09 | $5.35 | -12.15% |
| Nov 07, 2024 | $6.22 | $6.85 | +10.13% |
| Aug 06, 2024 | $6.44 | $6.25 | -2.95% |
| May 09, 2024 | $6.14 | $6.04 | -1.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ares Commercial Real Estate Cor (ACRE) report earnings?
Ares Commercial Real Estate Cor (ACRE) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Ares Commercial Real Estate Cor (ACRE) earnings time?
Ares Commercial Real Estate Cor (ACRE) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACRE EPS forecast?
ACRE EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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