Ares Commercial Real Estate: Wait For The Turn
ACREAres mercial Real Estate (ACRE) Seeking Alpha·2024-05-15 20:40
Megapixel8 A year ago, I wrote a cautious article on Ares Commercial Real Estate (NYSE:ACRE), warning that commercial real estate markets were forecasted to weaken and the outlook for ACRE was negative. Since my article, ACRE's stock performance has continued to lag markets, falling 7.9% compared to a 27% return in the S&P 500 (Figure 1).   Figure 1 - ACRE has lagged markets (Seeking Alpha) With a year gone by, let us review the concerns I had concerning ACRE to see if they have been resolved, and also  ...