Ares Commercial Real Estate: Q2 Profit Review

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NEW YORK (AP) _ Ares Commercial Real Estate Corp. (ACRE) on Friday reported second-quarter profit of $ 17.6 million.

The New York-based company said it had net income of 43 cents per share. Earnings adjusted for one-time earnings were 37 cents per share.

The income of the investment fund in the field of real estate for the reporting period amounted to $ 23.5 million. Adjusted revenue was $ 30.9 million.

Ares Commercial Real Estate shares are up 29% since the beginning of the year. The company’s shares are up 68% in the past 12 months.

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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks Stock Report on ACRE at https://www.zacks.com/ap/ACRE

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