Ares Commercial Real Estate Corporation Announces First Quarter 2025 Financial Results

May 7, 2025 - 10:23

Ares Commercial Real Estate Corporation has released its financial results for the first quarter of 2025, showcasing a strong performance. The company reported a GAAP net income of $9.3 million, translating to $0.17 per diluted share. Additionally, Distributable Earnings reached $7.2 million, or $0.13 per diluted share. In alignment with its financial strategy, the company declared a dividend of $0.15 per common share for the second quarter of 2025, which is set to be paid on July 15, 2025.

In a significant move to enhance its financial position, Ares Commercial Real Estate Corporation successfully repaid $307 million in borrowings during the quarter, thereby increasing its liquidity and reducing debt levels. As of May 2, 2025, the company reported approximately $147 million in available capital, which includes $113 million in cash, equating to over $2.00 per share. Management expressed optimism regarding stable to improving trends within their portfolio and indicated that their strengthened liquidity will enable them to pursue new investment opportunities effectively.