💨 Abstract

Ares Commercial Real Estate Corp. (ACRE) reported a first-quarter net income of $9.3 million, reversing a loss from the same period last year. The company earned 17 cents per share, with adjusted earnings of 13 cents. ACRE reported $14.9 million in revenue and $27.5 million in adjusted revenue. Shares closed at $4.12, down from $6.93 a year ago.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖