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ACRE

Ares Commercial Real Estate

ACRE · NYSE · Real Estate
$3.85
▼ $3.85 (-2.16%)
$3.84 $3.94 $4.03 $4.13 $3.85 Sep 28 Oct 01 Oct 04
Day range
$3.82 – $3.97
Year range
$3.75 – $5.89
Open
$3.93
Previous close
—
Market cap
$213.32M
Volume (24h)
$255.3K
Volume (52w)
$981.56K
Performance
7D
▼ -6.45%
1M
▼ -15.49%
3M
▼ -15.12%
6M
▼ -19.56%
1Y
▼ -16.41%
YTD
▼ -18.71%
3Y
▼ -56.70%
5Y
▼ -74.82%
All-time
▼ -78.42%
Key statistics
P/E ratio
8.94
EPS (TTM)
$0.43
Dividend yield
15.60%
Dividend (TTM)
$0.60
Payout ratio
139.53%
Shares outstanding
55.5M
About Ares Commercial Real Estate

Ares Commercial Real Estate Corporation (ACRE) functions as a specialized financial institution, primarily engaged in developing and investing in a diverse portfolio of commercial real estate (CRE) debt and associated investments throughout the United States. The company offers a broad spectrum of funding options designed for the owners, operators, and sponsors of commercial properties. ACRE's investment activities encompass originating senior mortgage loans, various subordinate debt products, hybrid mezzanine financing, preferred equity stakes in real estate, and other CRE-related assets, including commercial mortgage-backed securities (CMBS). For federal tax purposes in the U.S., ACRE has opted for and qualifies as a Real Estate Investment Trust (REIT) in accordance with the Internal Revenue Code of 1986. The firm's operations are managed by Ares Commercial Real Estate Management LLC. ACRE was established in 2011 and its main office is situated in New York, New York.

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Country: United States of America
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