Quarterly ResultAug 4, 2026, 06:07 AM
Ares Commercial Real Estate Q2 Net Income $4.38M, EPS $0.08
AI Summary
Ares Commercial Real Estate reported a significant turnaround in its second-quarter 2026 financial results, achieving a net income of $4.38 million, or $0.08 per basic share, compared to a loss in the prior year. Total revenue for the quarter also saw an increase. However, the net loss for the six months ended June 30, 2026, widened to $(5.22) million. The company's loans held for investment, net, grew to $1.61 billion, while its current expected credit loss reserve increased to $(137.81) million. Notably, the company fully repaid its collateralized loan obligation securitization debt.
Key Highlights
- Q2 2026 net income attributable to common stockholders was $4.38 million, up from a $(11.04) million loss in Q2 2025.
- Q2 2026 basic earnings per share was $0.08, compared to a $(0.20) loss in Q2 2025.
- Total revenue for Q2 2026 increased to $14.36 million from $12.57 million in Q2 2025.
- Loans held for investment, net, grew to $1.61 billion as of June 30, 2026, from $1.40 billion at Dec 31, 2025.
- Current expected credit loss reserve increased to $(137.81) million from $(125.76) million.
- Collateralized loan obligation securitization debt was reduced to $0 as of June 30, 2026, from $99.92 million.
- Dividends declared per share remained stable at $0.15 for Q2 2026 and $0.30 for the six months ended June 30, 2026.
Price Impact
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