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28.05.25 - 15:33
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Ares Commercial Finance and Ansley Park Capital Provide Asset Based and Equipment Financing to Shimmick Corporation (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#AnsleyParkCapital--Ares Commercial Finance (“ACF”) announced today that it has provided a $15 million senior secured revolving line of credit to Shimmick Corporation (“Shimmick” or the “Company”), an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation. Ansley Park Capital (“Ansley Park”), an affiliate of Ares Management, provided a complementary $15 million machinery and equipment term loan, the combination of which delivered a complete financing solution.
“Our goal from the beginning was to provide Shimmick with a one-stop solution for working capital and equipment finance needs,” said Mitch Drucker, Partner, Ares Commercial Finance. “Ares and Ansley Park worked in lockstep to customize a credit facility that met Shimmick's immediate and longer-term financing goals. We look forward to supporting the Company as they manage their robust pipeline of projects in 2025 and be...
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07.05.25 - 12:03
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Ares Commercial Real Estate Corporation Reports First Quarter 2025 Results (Business Wire)
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First quarter GAAP net income of $9.3 million or $0.17 per diluted common share and Distributable Earnings(1) of $7.2 million or $0.13 per diluted common share
- Subsequent to the three months ended March 31, 2025 -
Declared second quarter 2025 dividend of $0.15 per common share
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company primarily engaged in directly originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $9.3 million or $0.17 per diluted common share and Distributable Earnings(1) of $7.2 million or $0.13 per diluted common share for the first quarter of 2025.
“In the first quarter, we successfully increased liquidity, further reduced debt and achieved our targeted balance sheet position,” said Bryan Donohoe, Chief Executive Officer of Ares Commercial Real Estate Corporation. “Stable to improving trends across the portfolio coupled with...
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25.04.25 - 22:33
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Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2025 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the first quarter ended March 31, 2025 on Wednesday, May 7, 2025 prior to the opening of the New York Stock Exchange. Ares Commercial Real Estate Corporation will hold its webcast/conference call on the same day at 12:00 p.m. Eastern Time to discuss its first quarter ended March 31, 2025 financial results.
All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.arescre.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 225-9448. International callers can access the conference call by dialing +1 (203) 518-9708. Please provide passcode ACREQ125. All callers are asked to dial in 10-15 minutes prior to the call so that name and company info...
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12.02.25 - 12:06
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Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2024 Results (Business Wire)
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Fourth quarter GAAP net income (loss) of $(10.7) million or $(0.20) per diluted common share and Distributable Earnings (Loss)(1) of $(8.3) million or $(0.15) per diluted common share
Full year GAAP net income (loss) of $(35.0) million or $(0.64) per diluted common share and Distributable Earnings (Loss)(1) of $(44.6) million or $(0.82) per diluted common share
- Subsequent to the year ended December 31, 2024 -
Declared first quarter 2025 dividend of $0.15 per common share
Collected $166 million in repayments resulting in available capital of over $200 million(2)NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company primarily engaged in directly originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income (loss) of $(10.7) million or $(0.20) per diluted common share and Distributable Earnings (Loss)(1) of $(8.3) million or $(0.15) per diluted common share for th...
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