Ares Commercial Real Estate Corporation Reports Second Quarter 2016 Results
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Ares Commercial Real Estate (ACRE) Tops Q2 EPS by 4c
August 4, 2016 8:16 AM EDTAres Commercial Real Estate (NYSE: ACRE) reported Q2 EPS of $0.31, $0.04 better than the analyst estimate of $0.27.
As expected, our second quarter earnings rebounded strongly as we benefited from increased loan originations, commented Robert L. Rosen, Chairman of the Board and Interim Co-Chief Executive Officer of Ares Commercial Real Estate Corporation. During the second quarter, we also reached an agreement to sell our mortgage banking business at an attractive gain,... More
