Ares Commercial Real Estate Corporation (ACRE) Earnings Call Transcripts

Ares Commercial Real Estate Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Ares Commercial Real Estate Corporation (ACRE) reported a GAAP net loss of approximately $9.6 million or $0.17 per diluted share, alongside distributable earnings of $3.2 million or $0.06 per diluted share. The company closed $294 million in new loan commitments, contributing to a loan portfolio growth to $1.7 billion, marking a $110 million increase quarter-over-quarter. Management indicated a constructive outlook for the commercial real estate market and maintained a focus on reducing risk-rated loans while pursuing new high-quality loan opportunities.

Reported metrics

Guidance from management

Management expressed confidence in the commercial real estate market and indicated a continued focus on new loan originations, stating, "We believe this specific loan structure provides a strategic opportunity for ACRE to selectively deploy its available liquidity on a short-term basis."

What management said

Thank you, Jeff. As we sit here today with the first quarter of 2026 under our belts, we are excited about the opportunities that lay ahead. We believe ACRE is uniquely positioned to capitalize on Ares powerful and growing real estate platform, depth of capabilities and robust pipeline to create shareholder value. As always, we appreciate you joining our call today, and we'd be happy to open the line for questions.

Thanks for the question, Chris. Yes, it is related to the Pennsylvania multifamily loan. All of it is as. We -- as we disclosed in our filings, when we transferred the REO office property to held for sale, there was no impairment loss associated with that. So it's all related to the multifamily loan.

What analysts pressed on

Analysts raised concerns regarding the timeline for resolving risk-rated loans, particularly the Chicago office loan and the Brooklyn condominium loan. There were questions about the potential for further leverage while addressing underperforming loans, reflecting uncertainty about the pace of asset resolutions.

Main topics on the call

• Loan Portfolio Growth — ACRE's loan portfolio grew to $1.7 billion, an increase of $110 million quarter-over-quarter. Management stated, "We closed 3 new loan commitments totaling $294 million during the first quarter, collateralized by multifa...
• Increased CECL Reserves — The total CECL reserve increased to $138 million, reflecting a $11 million rise from the previous quarter. This increase was primarily driven by a $15 million rise in reserves for risk-rated 4 and 5 loans, as noted by ma...
• Dividend Declaration — The Board declared a regular cash dividend of $0.15 per common share for the second quarter of 2026, with an annualized yield of approximately 11.5% based on the stock price as of May 4, 2026. This reflects ACRE's commit...
• Strategic Focus on Risk Reduction — Management emphasized their ongoing efforts to reduce risk-rated loans, stating, "We remain highly focused on our current objectives of reducing our risk-rated 4 and 5 loans and addressing office and REO loans while oppo...

Read the full Ares Commercial Real Estate Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Ares Commercial Real Estate Corporation earnings call transcripts on record, spanning February 20, 2020 to May 7, 2026. Based on this history, Ares Commercial Real Estate Corporation reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ACRE

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Mortgage Real Estate Investment Trusts (REITs)

Calls on record

28

First call

February 20, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly