Ares Commercial Real Estate shares were lower after the company reduced its dividend to 15 cents a share from 25 cents. The stock declined 12% to $5.34 Wednesday and is down about 9% this year. Based on Tuesday's closing price, the new payout provides a yield of about 9.85%.

Ares Commercial Real Estate (ACRE) reported a net loss for Q4 2024, with earnings per share (EPS) falling short of expectations. The company posted an EPS of -$0.20, missing the forecasted $0.06. Despite exceeding revenue expectations,

The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. The real estate investment trust posted revenue of $17.5 million in the period. Its adjusted revenue was $33.

Ares Commercial Real Estate slashed its quarterly dividend by 40%, as the speciality finance company works to clean up its portfolio. Ares on Wednesday said it will now pay a quarterly dividend of 15 cents, or 60 cents on an annual basis, down from 25 cents previously.

Ares Commercial Real Estate Corporation (NYSE:ACRE) Q4 2024 Management View CEO Bryan Donohoe highlighted a moderate recovery in the commercial real estate market during the year, with transaction volumes increasing and property fundamentals stabilizing across most asset classes.

Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company primarily engaged in directly originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income (loss) of $(10.