Ares Commercial Real Estate: 3Q Earnings Snapshot
NEW YORK (AP) _ Ares Commercial Real Estate Corp. (ACRE) on Friday reported third-quarter earnings of $9 million.
The New York-based company said it had profit of 31 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 34 cents per share.
The real estate investment trust posted revenue of $28.3 million in the period.
Ares Commercial Real Estate shares have risen 18% since the beginning of the year. The stock has climbed slightly more than 6% in the last 12 months.