Ares Commercial Real Estate (ACRE) Q3 Earnings and Revenues Beat Estimates

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.

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Ares Weighs Sale of Iconic Paint Maker Farrow & Ball

(Bloomberg) — The owner of Farrow & Ball Ltd., the high-end English paint maker, is considering a sale of the business at a time of surging demand for home renovations, according to people familiar with the matter.



a close up of a bowl: Demand for decorating supplies has been robust during the coronavirus crisis, which has kept people indoors and many focused on home improvements.


© Bloomberg
Demand for decorating supplies has been robust during the coronavirus crisis, which has kept people indoors and many focused on home improvements.

Ares Management is speaking to potential advisers about strategic options for Farrow & Ball, which generated record revenue last year, the people said, asking not to be identified discussing confidential information. Deliberations are in the early stages and no final decisions have been made, according to the people.

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A representative for Ares declined to comment. Farrow & Ball didn’t respond to a request for comment.

Founded in Dorset in the 1940s, Farrow & Ball is known for its unusually named paint colors — including Dead Salmon and

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Ares Commercial Real Estate: This 13.8% Yielder Has 95% Senior Loans (NYSE:ACRE)

The commercial real estate sector remains a good place to find some bargains. In this article, I’m focused on Ares Commercial Real Estate Corp. (ACRE), whose stock price has fallen by 40% since the start of the year. While risks still remain, I believe the market has overly-punished this commercial mortgage REIT. I evaluate what makes this an attractive investment at present; so let’s get started.

(Source: Company website)

A Look into Ares Commercial Real Estate

ACRE is a commercial mortgage REIT that is externally-managed by the well-renowned investment manager, Ares Management (ARES). Through this affiliation, ACRE is able to leverage the Ares investment platform to obtain incremental deal flow and market intelligence from Ares’ broader resources, relationships, and experience.

What I like about ACRE is its conservatively-minded focus on senior mortgage loans, which comprises 95% of ACRE’s portfolio. Its portfolio is also well-diversified geographically, with 40% of its loans

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