NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Tuesday reported a loss of $11 million in its second quarter.
The New York-based company said it had a loss of 20 cents per share. Losses, adjusted for one-time gains and costs, were 51 cents per share.
The real estate investment trust posted revenue of $12.6 million in the period. Its adjusted revenue was $23.1 million.
The company’s shares closed at $4.52. A year ago, they were trading at $7.39.
_____
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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
