Ares Commercial Real Estate (ACRE) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 47.62%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.24 per share when it actually produced earnings of $0.32, delivering a surprise of 33.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ares Commercial Real Estate, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $30.63 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 10.56%. This compares to year-ago revenues of $28.27 million. The company has topped consensus revenue estimates two times over the last four quarters.