Ares Commercial Real Estate: Q1 Earnings Snapshot

May 3, 2022Updated: May 3, 2022 5:18 am

NEW YORK (AP) – Ares Commercial Real Estate Corp. (ACRE) on Tuesday reported first-quarter profit of $16.2 million.

On a per-share basis, the New York-based company said it had profit of 34 cents.

The real estate investment trust posted revenue of $24 million in the period. Its adjusted revenue was $33.4 million.

Ares Commercial Real Estate shares have climbed slightly more than 1% since the beginning of the year. The stock has declined slightly in the last 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