Ares Commercial RE Posts $10.0M Q3 Profit, Repays $90M Loan
New York – November 06, 2026 -- Ares Commercial Real Estate Corporation (NYSE:ACRE) reported third-quarter 2026 GAAP net income of $10.0 million, or $0.18 per diluted common share, and fully repaid and terminated a $90 million secured term loan after the quarter closed.
Distributable Earnings, a non-GAAP measure, reached $6.7 million, or $0.12 per diluted common share. The company said a gain on the sale of its REO office property contributed to the quarter's results.
Ares Commercial Real Estate cuts office and REO exposure
Reducing office and real estate owned (REO) investments remains a strategic priority, CEO Bryan Donohoe said. He added that the diversified loan portfolio continues to show overall stability, backed by the Ares Real Estate Debt platform.
CFO Jeff Gonzales said management is focused on its risk rated 4 and 5 loans. Resolving them would "advance the repositioning of our portfolio and enhance our future earnings."