Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2021 Results

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Feb 15, 2022

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 $17.2 million or $0.36 per diluted common share and Distributable Earnings(1) of $19.4 million or $0.41 per diluted common share for the fourth quarter of 2021. The Company reported GAAP net income of $60.5 million or $1.42 per diluted common share and Distributable Earnings(1) of $66.0 million or $1.55 per diluted common share for full year 2021.