May. 7 at 1:43 PM
$ACRE NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Wednesday reported first-quarter net income of
$9.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had net income of 17 cents. Earnings, adjusted for non-recurring gains, were 13 cents per share.
The real estate investment trust posted revenue of
$14.9 million in the period. Its adjusted revenue was
$27.5 million.
