Ares Commercial Real Estate (FRA:41I) Credit Losses Provision : €44.63 Mil (As of Mar. 2024)

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What is Ares Commercial Real Estate Credit Losses Provision?

Ares Commercial Real Estate's credit losses provision for the three months ended in Mar. 2024 was €-20.49 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €44.63 Mil.

Ares Commercial Real Estate's quarterly credit losses provision increased from Sep. 2023 (€3.02 Mil) to Dec. 2023 (€43.51 Mil) but then declined from Dec. 2023 (€43.51 Mil) to Mar. 2024 (€-20.49 Mil).

Ares Commercial Real Estate's annual credit losses provision increased from Dec. 2021 (€0.01 Mil) to Dec. 2022 (€43.48 Mil) and increased from Dec. 2022 (€43.48 Mil) to Dec. 2023 (€84.20 Mil).

Ares Commercial Real Estate Credit Losses Provision Historical Data

The historical data trend for Ares Commercial Real Estate's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ares Commercial Real Estate Credit Losses Provision Chart

Ares Commercial Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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16.59

0.01

43.48

84.20

Ares Commercial Real Estate Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															19.63	18.58	3.02	43.51	-20.49

Ares Commercial Real Estate Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €44.63 Mil.

Ares Commercial Real Estate (FRA:41I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ares Commercial Real Estate Corp (FRA:41I) » Definitions » Credit Losses Provision

Comparable Companies

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Traded in Other Exchanges

ACRE:USA 41I:Germany

Address

245 Park Avenue, 42nd Floor, New York, NY, USA, 10167

Website

https://www.arescre.com

Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segment namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.

Ares Commercial Real Estate (FRA:41I) Headlines

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