Ares Commercial Real Estate Corp (ACRE) Form 8-K — Nov 5, 2026
Ares Commercial Real Estate (NYSE: ACRE) reported Q3 2026 GAAP net income of $10.0 million, or $0.18 per diluted share, up from $4.7 million, or $0.08, a year ago, helped by a $7.1 million realized gain on the sale of a North Carolina office REO property. Distributable Earnings were $6.7 million, or $0.12 per diluted share ($0.11 excluding realized gains). The Board declared a Q4 2026 cash dividend of $0.15 per common share, payable January 15, 2027 — an annualized implied yield of roughly 18% based on the November 3, 2026 stock price. The company also fully repaid and terminated its $90 million secured term loan after quarter end.
Key figures
- Eps
- 0.18
- Revenue
- 13513000
- Net Income
- 10046000
- Total Debt
- 1197000000
- Total Assets
- 1751311000
- Cash Position
- 21687000
- Shares Outstanding
- 55486279
- Cecl reserve
- $141 million (8% of loan principal balance)
- Office loans
- $444 million, down 10% YoY
- Term loan repaid
- $90 million secured term loan fully repaid and terminated post-quarter
- Available capital
- $116 million as of 9/30/2026; $87 million as of 11/3/2026
- Book value per share
- 8.86
- Risk rated 4 5 loans
- 4 loans totaling $299 million carrying value
- Q4 dividend per share
- 0.15
- Cecl reserve rated 4 5
- $133 million (34% of rated 4-5 principal balance)
- Distributable earnings q3
- $6.7 million or $0.12 per diluted share
- Loans held for investment
- $1.8 billion, up 42% YoY
- Book value per share ex cecl
- 11.4
- Gaap net income prior year q3
- $4.653 million or $0.08 per diluted share
- Distributable earnings ex gains
- $6.4 million or $0.11 per diluted share
- Annualized implied dividend yield
- ~18%
AI analysis
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