Quarterly ResultMay 7, 2026, 06:12 AM
Ares Commercial Real Estate Q1 Net Loss $(9.61)M; Revenue Down
AI Summary
Ares Commercial Real Estate Corp reported a net loss of $9.61 million for Q1 2026, a significant decline from a net income of $9.35 million in Q1 2025. This was primarily driven by an $11.14 million provision for current expected credit losses and $3.34 million in realized losses on loans, compared to a reversal of $5.34 million in the prior year. Total revenue decreased to $13.46 million from $14.95 million year-over-year. The company's loans held for investment, net of credit loss reserve, increased to $1.49 billion.
Key Highlights
- Net loss attributable to common stockholders was $(9.61) million in Q1 2026, down from $9.35 million net income in Q1 2025.
- Basic EPS was $(0.17) in Q1 2026, compared to $0.17 in Q1 2025.
- Total revenue decreased to $13.46 million in Q1 2026 from $14.95 million in Q1 2025.
- Provision for current expected credit losses was $(11.14) million in Q1 2026, versus a $5.34 million reversal in Q1 2025.
- Realized losses on loans totaled $(3.34) million in Q1 2026, compared to $0 in Q1 2025.
- Loans held for investment, net, increased to $1.49 billion as of March 31, 2026, from $1.40 billion at Dec 31, 2025.
- Dividends declared per share remained $0.15 for both Q1 2026 and Q1 2025.
- Secured funding agreements increased to $1.18 billion from $858.18 million.