Ares Commercial Real Estate: 4Q Earnings Snapshot

February 18, 2021 Updated: February 18, 2021, 5.30 a.m.

NEW YORK (AP) _ Ares Commercial Real Estate Corp. (ACRE) reported fourth quarter net income of $ 14.4 million on Thursday.

On a stock basis, the New York-based company reported net income of 43 cents. Adjusted for one-time gains, earnings were 41 cents per share.

The Real Estate Investment Trust had sales of USD 21.2 million in the reporting period. Adjusted sales were $ 29.1 million.

For the year, the company reported earnings of $ 21.8 million, or 66 cents per share. Sales were reported at USD 121.1 million.

Ares Commercial Real Estate’s shares are up 12% year-to-date. The stock is down 21% over the past 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACRE at https://www.zacks.com/ap/ACRE