Ares Commercial Real Estate (ACRE) Tops Q3 EPS by 11c

Ares Commercial Real Estate (NYSE: ACRE) reported Q3 EPS of $0.39, $0.11 better than the analyst estimate of $0.28. Revenue for the quarter came in at $11.1 million versus the consensus estimate of $11.94 million.

• Third quarter net income of $11.1 million or $0.39 per diluted common share
• Significant capital available for deployment
• Declared fourth quarter 2017 dividend of $0.27 per common share

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

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