Ares Commercial Real Estate Corporation (the "Company") (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles ("GAAP") net loss of $17.3 million or $0.54 per diluted common share and Core Earnings(1) of $10.3 million or $0.32 per diluted common share for the first quarter of 2020.
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
Sidewalk Labs is closing its project in Toronto, the company said in a brief statement on Thursday. “For the last two-and-a-half years, we have been passionate about making Quayside happen — indeed, we have invested time, people, and. resources in Toronto, in…
Ares Commercial Real Estate Corporation ("ACRE" or the "Company") (NYSE:ACRE) issued a letter today to stakeholders.
Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of 3.03% and -1.16%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
In parts of Virginia, West Virginia and North Carolina, the insects will climb out of the ground for their once-in-17-year mating cycle. Scientists have dubbed this grouping brood IX.
Nodi was 14 years old when she says she was sold into one of the world's biggest brothels. A decade later and with Bangladesh under coronavirus lockdown, she now is facing a new problem: hunger.
Apollo Agriculture believes it can attain profits by helping Kenya’s smallholder farmers maximize theirs. That’s the mission of the Nairobi based startup that raised $6 million in Series A funding led by Anthemis. Founded in 2016, Apollo Agriculture offers a …
When California announced a statewide lockdown, Tony Martens and Maurits van de Ven decided to stay put instead of heading home to Amsterdam. So, the co-founders of Plantible bought two trailers and started living at their HQ: a two-acre duckweed farm in San …
In the first decade of the twentieth century two German chemists, Fritz Haber and Carl Bosch, invented fertilizer — the nitrogen compound which ushered in modern agriculture and saved the world from potential starvation. Now, over a century later, a new group…
Q3 2019 Ares Commercial Real Estate Corp Earnings Call
Everything you need to know before you take off.
A pair of Jaybird headphones, a Gooloo charger, Rachael Ray cookware, an Armor All car cleaning kit, and Star Wars comics are at the top of Tuesday’s best deals.Read more...
Matt Wolf's documentary chronicles the ups and downs of 1990s ecological experiment
The outdoors were never made for people of color. Since the forced removal of indigenous people to create today’s national parks, white people have dominated outdoor activities in the U.S. While the racist history around who has access to parks and wilderness…
Before we begin, I want to remind everyone that comments made during the course of this conference call and webcast and the accompanying documents contain forward-looking statements and are subject to risks and uncertainties. Many of these forward-looking statements can be identified by the use of words such as anticipates, believes, expects, intends, will, should, may and similar expressions. The Company's actual results could differ materially from those expressed in the forward-looking statements as a result of a number of factors including those listed in its SEC filings.
For the past two years and change, Google’s smart-city-centric sister company Sidewalk Labs has put millions on the line to build what it called a model smart city in downtown Toronto. The planned neighborhood, called “Quayside,” was supposed to be nothing sh…
Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it will release financial results for the first quarter ended March 31, 2020 on Friday, May 8, 2020 prior to the opening of the New York Stock Exchange. The Company invites all interested persons to attend its webcast/conference call at 1:00 p.m. (Eastern Time) on the same day to discuss its first quarter ended March 31, 2020 financial results.
Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE), today announced that due to the emerging public health impact of the COVID-19 outbreak, the Company has changed the format of its 2020 Annual Meeting of Shareholders from a physical in-person meeting to a virtual webcast.
The coronavirus has hit meat processing plants hard. But not in Denmark, where automation makes for safer slaughterhouses.
Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fort McMurray is under evacuation for the second time in four years. The Albertan town was besieged by a huge wildfire in 2016, but now it faces flooding due to an army of ice (feel free to leave your Game of Thrones references in the comments).Read more...
If you're interested in Ares Commercial Real Estate Corporation (NYSE:ACRE), then you might want to consider its beta...
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]
The Google sibling envisioned a tech-enabled and eco-friendly neighborhood. But residents rebelled over plans to collect and use their data, among other things.
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
About 1.5 million cicadas per acre will crop up this summer in Virginia, North Carolina and West Virginia.
If you’re an Amazon Prime subscriber, one perk you might not realize is that you can score free games each month from Twitch Prime.Read more...
Q1 2020 Ares Commercial Real Estate Corp Earnings Call
Shares of Ares Commercial Real Estate (NYSE:ACRE) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were flat 0.00% over the past year to $0.32, which missed the estimate of $0.34.Revenue of $21,134,000 higher by 49.28% year over year, which beat the estimate of $14,100,000.Outlook Earnings guidance hasn't been issued by the company for now.Ares Commercial Real hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 08, 2020View more earnings on ACREWebcast URL: http://www.arescre-ir.com/eventTechnicals Company's 52-week high was at $17.72Company's 52-week low was at $2.78Price action over last quarter: down 59.50%Company Description Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segments namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.See more from Benzinga * 17 Healthcare Stocks Moving In Friday's Pre-Market Session * 12 Consumer Cyclical Stocks Moving In Friday's Pre-Market Session * 12 Energy Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
An Alabama man was arrested for camping at an abandoned island at Disney World. He said he was unaware he was trespassing and called the island a "tropical paradise."
Ares Commercial Real Estate (ACRE) delivered earnings and revenue surprises of -3.03% and 8.44%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Sidewalk Labs will be using the ideas developed over the last two-and-a-half years to solve big urban problems. What you need to know Alphabet's Sidewalk Labs is abandoning the Quayside waterfront project in Toronto. Sidewalk Labs had to make the difficu…
Couple have been sole occupants of Ashford Castle, which has a 350-acre estate and its own cinemaTo hunker in a medieval castle while a pandemic rages outside sounds like a Black Death chronicle but Laura Jamieson and Michael Smith have rather enjoyed their c…
Q4 2019 Ares Commercial Real Estate Corp Earnings Call
An Indiana real estate company has purchased a large apartment community in one of the Triad's fastest-growing communities. The seller, Dasmen Residential of Suffern, New York, had purchased the 8.5 acre property in July 2016 for $16.7 million. Newmark Knight Frank (NASDAQ: BGC), which represented Dasmen, said the seller had renovated about 10 percent of the units as well as the clubhouse, swimming pool and fitness room.
A brood of periodic cicadas not seen since 2003 is expected to emerge this year in parts of the United States. Farmers are being told to plan accordingly, as the insects pose a threat to fruit and ornamental crops. Read more...