Shares of Ares Commercial Real Estate (NYSE:ACRE) were unchanged in pre-market trading after the company reported Q1 results.
Earnings per share were flat 0.00% over the past year to $0.32, which missed the estimate of $0.34.
Revenue of $21,134,000 higher by 49.28% year over year, which beat the estimate of $14,100,000.
Earnings guidance hasn't been issued by the company for now.
Ares Commercial Real hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: May 08, 2020
Webcast URL: http://www.arescre-ir.com/event
Company's 52-week high was at $17.72
Company's 52-week low was at $2.78
Price action over last quarter: down 59.50%
Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segments namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.