Ares Commercial Real Estate (ACRE) Reports In-Line Q4 EPS

Ares Commercial Real Estate (NYSE: ACRE) reported Q4 EPS of $0.28, in-line with the analyst estimate of $0.28.

• Fourth quarter net income of $8.1 million or $0.28 per diluted common share
• Full-year 2016 net income of $40.3 million or $1.41 per diluted common share and adjusted net income from operations of $31.2 million or $1.09 per diluted common share(1)
• - Subsequent to year ended 2016 -
• Closed $273 million securitization financing with flexible features, priced at initial weighted average coupon of L+1.85%
• Declared an increase in first quarter 2017 dividend to $0.27 per common share

For earnings history and earnings-related data on Ares Commercial Real Estate (ACRE) click here.

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