Ares Commercial: High Risk Of A Second Dividend Reset
ACREAres mercial Real Estate (ACRE) Seeking Alpha·2024-08-13 22:22
Richard Drury Ares Commercial Real Estate (NYSE:ACRE) is facing a challenging situation in its loan portfolio, which was reflected in a steep loss in the second fiscal quarter and raises new questions as to the sustainability of the REIT’s dividend. Ares Commercial reported much worse than expected second-quarter results last week that showed continual loan problems as well as distributable earnings that were not sufficient to support the already lowered dividend. With shares also continuing to trade at ...