Ares Commercial Real Estate Corp

Ares Commercial Real Estate reported distributable earnings of $0.12 per share in the second quarter on revenue of $14.36 million, well above analyst expectations of $0.02 and $11.32 million, respectively. The stock climbed in premarket trading from $4.25 to $4.76 and is approaching its 52-week high; management cites portfolio stabilization, solid liquidity and progress on troubled loans. Analysts forecast $0.27 per share for 2026; price targets range from $5.00 to $5.50, implying roughly 18% upside, and the dividend yield is 14.12%. » More on de.investing.com

At Ares Commercial Real Estate’s annual meeting, shareholders elected William S. Benjamin and Caroline E. Blakely as class II directors and ratified Ernst & Young as the independent auditor for fiscal 2026. On an advisory basis, shareholders approved the compensation of the named executive officers. The company has paid dividends for 15 years and currently offers a dividend yield of 12.17%. In Q1 2026, Ares Commercial reported a net loss (EPS -$0.17), missing expectations, but topped revenue forecasts with $13.46 million in sales. » More on de.investing.com

Ares Commercial Real Estate has extended the master repurchase agreement with Morgan Stanley through July 16, 2029, and raised the committed amount from $250 million to $350 million; an accordion clause allows an additional increase of $50 million to up to $400 million. The agreement includes an option for a 12-month extension subject to conditions and an extension fee. At the same time, a secured revolving credit facility with City National Bank was extended through December 31, 2026; ACRE reported a GAAP net loss of $4 million for Q4 2025 on revenues of $13.22 million, which beat expectations. » More on de.investing.com