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Ares Commercial: You've Been Warned About This 13.4% Yield
Ares Commercial Real Estate's dividend yield has risen above 13% which reflects increased risks in the commercial mortgage lending market. The REIT's heavy investments in the office market pose a significant risk to the REIT's earnings. The increase in loan loss reserves and the discount to book value justify a downgrade of Ares Commercial Real Estate from buy to hold.

Bottom Fishing A 13% Yield: Ares Commercial Real Estate
Commercial real estate has fallen out of favor as a recession looms larger. You can earn massive double-digit yields by understanding some basic truths. Income exceeding expenses equals financial security.

Readers Post 31 October Dividend Buy Candidates
Prior to September 30, 2023, my Readers mentioned 36 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MVRL, FSK, T, RC, MO, BRSP, AHOTF, AB, WBA, and MITT averaged 56.52% net gains from reader data collected 11/15/23. Ten analyst-target-augured October TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: ABR, MMM, RC, O, BRSP, MO, T, AB, WBA, & MITT boasting a 47.19% average target price upside estimate.

BDCs Vs. MREITs: High-Yield Rumble
Mortgage REITs and BDCs had varying performances in Q3 2023, with agency mortgage REITs performing the worst and BDCs performing the best. Originator/servicer mREITs and RC outperformed their peers in terms of book value changes. Investors should focus on BDCs and preferred shares for long-term positions, as they generally have fewer dividend cuts.

35 September Readers-Noted, And 27 Ideal-To-Buy, Dividend Dogs
Prior to September 30, 2023, my Readers mentioned 35 equities in their comments on my articles. Some bad news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: C, ABR, BKH, FRT, MMM, O, T, PFE, PBR.A, and BRSP, averaged 36.1% net gains from reader data collected 10/13/23.

Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2023
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will report earnings for the third quarter ended September 30, 2023 on Friday, November 3, 2023 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 10:00 a.m. Eastern Time to discuss its third quarter ended September 30, 2023 financial results. All interested parties are invited to participate vi.

A Defensive Dividend That Pays A Massive 13% Yield: Ares Commercial RE
Don't pull your goalie thinking you'll keep the puck out of your net. Defensive investing and income investing go hand-in-hand. Buy undervalued companies and enjoy excellent income.

Ares Commercial Real Estate: Loan Losses Expected To Soar As Property LTVs Rise
Commercial property prices are declining rapidly, with office properties being the most affected segment. Commercial real estate transaction volumes and sales of commercial mortgage bonds have significantly decreased. Ares Commercial Real Estate has lost considerable value and faces delinquency-related strains as mortgage rates peak.

Big Dividend Yields Going Higher, Dumb Debt, And Snark
Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Ares Commercial Real Estate: Enticing 12.6% Yield, But No Longer A Buy (Downgrade)
Ares Commercial Real Estate Corporation's dividend coverage improved in Q2, but risks have increased due to paying out all distributable earnings and narrowing the stock price-book value gap. The company has stopped paying its supplemental dividend since 2022, leading to a more risk-averse stance and a downgrade to a Hold classification. ACRE's loan portfolio is dependent on the overall health of the commercial real estate market, which is facing headwinds and potential borrower defaults.
ACRE Financial details
ACRE Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.94 | 2.7 | 2.39 | 2.41 | 2.11 | |
Net income per share | 1.35 | 1.29 | 0.66 | 1.43 | 0.58 | |
Operating cash flow per share | 1.37 | 1.13 | 0.96 | 1.14 | 1.11 | |
Free cash flow per share | 1.37 | 1.08 | 0.95 | 1.14 | 1.11 | |
Cash per share | 0.39 | 0.18 | 2.27 | 1.19 | 3.27 | |
Book value per share | 14.92 | 14.9 | 14.34 | 16.01 | 14.46 | |
Tangible book value per share | 14.92 | 14.9 | 14.34 | 16.01 | 14.46 | |
Share holders equity per share | 14.92 | 14.9 | 14.34 | 16.01 | 14.46 | |
Interest debt per share | 15.5 | 43 | 41.81 | 46.05 | 34.88 | |
Market cap | 372.02M | 453.17M | 392.76M | 616.49M | 531.78M | |
Enterprise value | 740.02M | 1.05B | 1.64B | 1.65B | 2.13B | |
P/E ratio | 9.64 | 12.25 | 17.98 | 10.2 | 17.85 | |
Price to sales ratio | 6.73 | 5.87 | 4.99 | 6.04 | 4.88 | |
POCF ratio | 9.49 | 13.96 | 12.37 | 12.75 | 9.3 | |
PFCF ratio | 9.49 | 14.73 | 12.47 | 12.79 | 9.3 | |
P/B Ratio | 0.87 | 1.06 | 0.83 | 0.91 | 0.71 | |
PTB ratio | 0.87 | 1.06 | 0.83 | 0.91 | 0.71 | |
EV to sales | 13.39 | 13.65 | 20.9 | 16.16 | 19.51 | |
Enterprise value over EBITDA | 7.25 | 27.64 | 71.26 | 26.95 | 22.34 | |
EV to operating cash flow | 18.87 | 32.51 | 51.79 | 34.11 | 37.21 | |
EV to free cash flow | 18.87 | 34.29 | 52.24 | 34.21 | 37.21 | |
Earnings yield | 0.1 | 0.08 | 0.06 | 0.1 | 0.06 | |
Free cash flow yield | 0.11 | 0.07 | 0.08 | 0.08 | 0.11 | |
Debt to equity | 0.89 | 2.74 | 2.81 | 2.8 | 2.32 | |
Debt to assets | 0.24 | 0.65 | 0.69 | 0.72 | 0.69 | |
Net debt to EBITDA | 3.61 | 15.76 | 54.24 | 16.88 | 16.75 | |
Current ratio | 96.9 | 0.08 | 0.13 | 0.22 | 24.52 | |
Interest coverage | 1.62 | 0.6 | 0.43 | 1.22 | 1.46 | |
Income quality | 1.02 | 0.88 | 1.45 | 0.8 | 1.92 | |
Dividend Yield | 0.09 | 0.08 | 0.11 | 0.09 | 0.14 | |
Payout ratio | 0.83 | 1.01 | 1.96 | 0.97 | 2.41 | |
Sales general and administrative to revenue | 0.12 | 0.09 | 0.09 | 0.08 | 0.09 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | -0.05 | -0.01 | 0 | 0 | |
Capex to revenue | 0 | -0.02 | 0 | 0 | 0 | |
Capex to depreciation | 0 | -2.53 | -0.31 | -0.01 | 0 | |
Stock based compensation to revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | |
Graham number | 21.31 | 20.82 | 14.62 | 22.66 | 13.7 | |
ROIC | 0.13 | 0.02 | 0.01 | 0.02 | 0.04 | |
Return on tangible assets | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | |
Graham Net | -39.51 | -46.16 | -41.73 | -42.55 | -29.16 | |
Working capital | 51.88M | -513.55M | -569.55M | -638.17M | 2.46B | |
Tangible asset value | 425.59M | 426.34M | 473.02M | 678.63M | 747.54M | |
Net current asset value | -1.13B | -1.31B | -1.37B | -1.77B | 785.57M | |
Invested capital | 0.89 | 2.74 | 2.81 | 2.8 | 2.32 | |
Average receivables | 26.69M | 47.42M | 24.95M | 69.34M | 131.83M | |
Average payables | 477.5K | 629.5K | 554.5K | 480.5K | 1.24M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 346.14 | 200.37 | 34.74 | 469.1 | 443.42 | |
Days payables outstanding | 0 | 11.4 | 3.73 | 11.21 | 13.28 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 1.05 | 1.82 | 10.51 | 0.78 | 0.82 | |
Payables turnover | 0 | 32.01 | 97.98 | 32.56 | 27.48 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0.09 | 0.09 | 0.05 | 0.09 | 0.04 | |
Capex per share | 0 | -0.06 | -0.01 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.5 | 0.56 | 0.38 | 0.46 | 0.44 | |
Net income per share | 0.01 | 0.05 | -0.12 | -0.04 | 0.17 | |
Operating cash flow per share | 0.24 | 0.28 | 0.21 | 0.22 | 0.25 | |
Free cash flow per share | 0.24 | 0.28 | 0.21 | 0.22 | 0.25 | |
Cash per share | 1.93 | 3.11 | 3.33 | 3.14 | 1.65 | |
Book value per share | 14.1 | 13.73 | 13.16 | 12.72 | 12.63 | |
Tangible book value per share | 14.1 | 13.73 | 13.16 | 12.72 | 12.63 | |
Share holders equity per share | 14.1 | 13.73 | 13.16 | 12.72 | 12.63 | |
Interest debt per share | 35.31 | 32.31 | 20.46 | 20.62 | 29.84 | |
Market cap | 568.64M | 560.05M | 496.24M | 551.62M | 514.89M | |
Enterprise value | 2.39B | 2.16B | 1.33B | 1.4B | 2.1B | |
P/E ratio | 220.75 | 48.13 | -19.27 | -62.74 | 14.02 | |
Price to sales ratio | 20.85 | 18.42 | 23.76 | 22.07 | 21.56 | |
POCF ratio | 44.03 | 37.11 | 44.09 | 46.35 | 38.01 | |
PFCF ratio | 44.03 | 37.11 | 44.09 | 46.35 | 38.01 | |
P/B Ratio | 0.74 | 0.75 | 0.69 | 0.8 | 0.75 | |
PTB ratio | 0.74 | 0.75 | 0.69 | 0.8 | 0.75 | |
EV to sales | 87.8 | 70.88 | 63.77 | 55.94 | 87.82 | |
Enterprise value over EBITDA | 125.94 | 87.83 | 440.21 | 635.73 | 117.82 | |
EV to operating cash flow | 185.39 | 142.83 | 118.34 | 117.48 | 154.84 | |
EV to free cash flow | 185.39 | 142.83 | 118.34 | 117.48 | 154.84 | |
Earnings yield | 0 | 0.01 | -0.01 | 0 | 0.02 | |
Free cash flow yield | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | |
Debt to equity | 2.48 | 2.32 | 1.52 | 1.58 | 2.41 | |
Debt to assets | 0.7 | 0.69 | 0.45 | 0.46 | 0.7 | |
Net debt to EBITDA | 96.03 | 65.01 | 276.22 | 384.88 | 88.89 | |
Current ratio | 0.16 | 24.52 | 3.17 | 2.68 | 2.02 | |
Interest coverage | 1.04 | 1.14 | -1.28 | 0.08 | -0.6 | |
Income quality | 20.05 | 5.19 | -1.75 | -5.41 | 1.47 | |
Dividend Yield | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | |
Payout ratio | 29.81 | 6.6 | -3 | -8.8 | 2.09 | |
Sales general and administrative to revenue | 0.09 | 0.1 | 0.12 | 0.13 | 0.1 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0.02 | 0.02 | 0.05 | 0.04 | 0.04 | |
Graham number | 1.94 | 4.06 | 5.91 | 3.4 | 6.95 | |
ROIC | 0.01 | 0.01 | -0.02 | 0 | 0.01 | |
Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
Graham Net | -32.24 | -27.69 | -26.48 | -27.03 | -27.96 | |
Working capital | -694.24M | 2.46B | 226.73M | 175.47M | 106.49M | |
Tangible asset value | 767.08M | 747.54M | 718.3M | 691.19M | 682.96M | |
Net current asset value | -1.83B | 785.57M | -1.39B | -1.43B | -1.47B | |
Invested capital | 2.48 | 2.32 | 1.52 | 1.58 | 2.41 | |
Average receivables | 100.93M | 133.34M | 131.88M | 111.73M | 98.64M | |
Average payables | 1.13M | 1.65M | 1.93M | 1.95M | 2.05M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 442.89 | 392.09 | 565.7 | 331.9 | 396.14 | |
Days payables outstanding | 6.41 | 3.28 | 8.32 | 8.73 | 51.93 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 0.2 | 0.23 | 0.16 | 0.27 | 0.23 | |
Payables turnover | 14.05 | 27.48 | 10.82 | 10.31 | 1.73 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0 | 0 | -0.01 | 0 | 0.01 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
ACRE Frequently Asked Questions
What is Ares Commercial Real Estate Corporation stock symbol ?
Ares Commercial Real Estate Corporation is a US stock , located in New york of Ny and trading under the symbol ACRE
Is Ares Commercial Real Estate Corporation buy or a sell ?
1 stock analysts have 1 predictions with a medium analyst target price of $16. The lowest prediction is $16 and the highest is $16
What is ACRE stock prediction ?
What is Ares Commercial Real Estate Corporation stock quote today ?
Ares Commercial Real Estate Corporation stock price is $10.12 today.
Is Ares Commercial Real Estate Corporation stock public?
Yes, Ares Commercial Real Estate Corporation is a publicly traded company.