Ares Commercial Real Estate (ACRE) Tops Q1 EPS by 3c

Ares Commercial Real Estate (NYSE: ACRE) reported Q1 EPS of $0.33, $0.03 better than the analyst estimate of $0.30. Revenue for the quarter came in at $13.1 million versus the consensus estimate of $12.4 million.

• First quarter GAAP net income of $9.3 million or $0.33 per diluted common share
• Core Earnings(1) of $9.6 million or $0.33 per diluted common share

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

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