Dragon Claws Ares Commercial Real Estate Corporation (NYSE:ACRE) suffered a big decline in its distributable earnings in the first quarter as the trust works through some non- accrual issues relating to its office and multi-family loan portfolio. The trust was forced to increase its provision for credit losses by more than $22 million in the first quarter which was widely expected after Ares Commercial Real Estate slashed its dividend pay-out by 24% in 1Q24. The stock, however, did not react much to these d ...