Quarterly ResultAug 4, 2026, 06:08 AM
Ares Commercial Real Estate Q2 GAAP Net Income $4.4M
AI Summary
Ares Commercial Real Estate Corp reported Q2 2026 GAAP net income of $4.4 million, or $0.08 per diluted common share, and Distributable Earnings of $6.9 million, or $0.12 per diluted common share. The company continued to reposition its portfolio, addressing risk-rated loans and reducing office loans, while closing $130 million in new loan commitments. Management highlighted maintaining balance sheet flexibility with over $100 million in available capital and declared a regular cash dividend of $0.15 per common share for the third quarter.
Key Highlights
- GAAP net income of $4.4 million for Q2 2026.
- Diluted GAAP EPS of $0.08 for Q2 2026.
- Distributable Earnings of $6.9 million for Q2 2026.
- Diluted Distributable Earnings per share of $0.12 for Q2 2026.
- Closed $130 million in new loan commitments in Q2 2026.
- Total loans held for investment increased to $1.8 billion.
- Available capital of $106 million.
- Declared Q3 2026 dividend of $0.15 per common share.
- Reduced office loans to $442 million in Q2 2026, down $5 million QoQ.
Price Impact
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