Ares Commercial Real Estate Corporation Reports First Quarter 2021 Results

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May 04, 2021

Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE, Financial), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $15.7 million or $0.45 per diluted common share and Distributable Earnings(1) of $13.9 million or $0.40 per diluted common share for the first quarter of 2021.