Ares Commercial: The 14% Yield Is Likely Not Sustainable
Ares mercial Real Estate (ACRE) Seeking Alpha·2024-11-21 09:21
Ares Commercial Real Estate (NYSE: ACRE ) is facing a potential dividend cut after the commercial mortgage REIT disclosed that it once again failed to support its $0.25 per-share quarterly dividend with earnings available for distribution. Persistent loan performance problems already forced theAnalyst’s Disclosure: I/we have a beneficial long position in the shares of ACRE, STWD, BXMT, LADR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own op ...