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Ares Commercial Real Estate: 3Q Earnings Snapshot

November 8, 2019

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.


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