Filing Analysis
Ares Commercial Real Estate Corp reported the results of its 2026 Annual Meeting of Stockholders held on May 27, 2026. The stockholders elected two Class II directors, ratified the appointment of Ernst & Young LLP as the independent auditor, and approved executive compensation on an advisory basis.
📋 Key Facts
- Annual Meeting held on May 27, 2026.
- Elected Class II directors William S. Benjamin and Caroline E. Blakely.
- Ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Approved executive compensation on a non-binding, advisory basis with 19,848,823 votes for and 2,518,989 votes against.
Ares Commercial Real Estate Corp announced its financial results for the first quarter ended March 31, 2026. The filing includes a press release and a supplemental earnings presentation for investors.
📋 Key Facts
- Financial results for the quarter ended March 31, 2026, were released on May 7, 2026.
- The company made an earnings presentation available on its website on the same day.
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
Ares Commercial Real Estate Corporation (ACRE) amended its Morgan Stanley credit facility to extend the maturity date to July 2029 and increase the total commitment from $250 million to $350 million. The amendment also includes an accordion provision allowing for a further increase to $400 million.
📋 Key Facts
- Initial maturity date of the Morgan Stanley Facility extended to July 16, 2029.
- Facility commitment increased by $100 million, from $250 million to $350 million.
- Includes an accordion provision to increase the facility by an additional $50 million to a total of $400 million.
- One 12-month extension option is available subject to lender consent and extension fees.
- ACRE serves as the guarantor for the obligations of its subsidiaries, ACRC Lender MS LLC and ACRC Lender MS II LLC.
Ares Commercial Real Estate Corporation's subsidiary, ACRC Lender LLC, extended its secured revolving funding facility with City National Bank. The amendment moves the maturity date to December 31, 2026, in exchange for a renewal fee.
📋 Key Facts
- The amendment was entered into on March 10, 2026.
- The counterparty is City National Bank.
- The maturity date of the facility was extended to December 31, 2026.
- A renewal fee was paid to secure the extension.
- The filing was made under Items 1.01 and 2.03 of Form 8-K.
Ares Commercial Real Estate Corp announced its financial results for the quarter and fiscal year ended December 31, 2025. The filing serves as a formal announcement of earnings via press release and an investor presentation.
📋 Key Facts
- Report date: February 10, 2026
- Reporting period: Quarter and Year ended December 31, 2025
- Includes Exhibit 99.1 (Press Release) and Exhibit 99.2 (Earnings Presentation)
- Filed under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
Ares Commercial Real Estate Corp has amended its Third Amended and Restated Master Repurchase and Securities Contract with Wells Fargo Bank, National Association. The amendment increases the facility's commitment amount from $450 million to $600 million in exchange for an upsize fee.
📋 Key Facts
- Amendment to the Third Amended and Restated Master Repurchase and Securities Contract with Wells Fargo Bank, National Association.
- Commitment amount increased from $450.0 million to $600.0 million.
- The amendment required a payment of an upsize fee.
- Effective date of event: December 18, 2025.
Ares Commercial Real Estate Corp announced its financial results for the quarter ended September 30, 2025. The filing serves as a formal announcement of earnings and the availability of supplementary presentation materials.
📋 Key Facts
- Report date: November 7, 2025
- Reporting period: Quarter ended September 30, 2025
- The company issued a press release (Exhibit 99.1) regarding financial results.
- An earnings presentation was made available on the company website (Exhibit 99.2).
Ares Commercial Real Estate Corp has filed an 8-K to announce its financial results for the quarter ended June 30, 2025. The filing serves as a formal announcement of the earnings press release and supplemental presentation.
📋 Key Facts
- Reporting date: August 5, 2025
- Period covered: Quarter ended June 30, 2025
- The company issued a press release (Exhibit 99.1) regarding financial results.
- An earnings presentation was made available on the company website (Exhibit 99.2).
Ares Commercial Real Estate Corporation entered into an amendment to its Master Repurchase Agreement (Morgan Stanley Facility) on June 30, 2025. The amendment extends the maturity date and modifies facility commitment levels.
🚩 Red Flags
- Reduction in immediate facility commitment from $250M to $150M suggests a tightening of available liquidity or a strategic shift in leverage usage.
- Extension is subject to bank consent and additional fees, indicating the extension is not unconditional.
📋 Key Facts
- Amendment to Morgan Stanley Facility executed on June 30, 2025.
- Initial maturity date extended to July 16, 2026.
- Option for one 12-month extension available subject to consent and fees.
- Facility commitment reduced from $250 million to $150 million.
- Includes an accordion provision allowing increase of up to $100 million (totaling $250 million) subject to conditions and upsize fees.
Ares Commercial Real Estate Corporation held its 2025 Annual Meeting of Stockholders on May 27, 2025. The meeting resulted in the election of three Class I directors and the ratification of Ernst & Young LLP as the independent auditor.
📋 Key Facts
- Annual Meeting held on May 27, 2025.
- Elected William L. Browning, Edmond N. Moriarty, III, and Rebecca J. Parekh to the Board of Directors (Class I) until 2028.
- Ratified Ernst & Young LLP as independent registered public accounting firm for fiscal year ending Dec 31, 2025.
- Approved non-binding 'Say on Pay' advisory votes regarding executive compensation and voting frequency.
- Stockholders approved an annual frequency for future 'Say on Pay' advisory votes.
Ares Commercial Real Estate Corp announced its financial results for the first quarter ended March 31, 2025. The filing serves as a formal announcement of earnings via press release and an investor presentation.
📋 Key Facts
- Report date: May 7, 2025
- Reporting period: Quarter ended March 31, 2025
- The company issued a press release (Exhibit 99.1) regarding financial results.
- The company provided an earnings presentation (Exhibit 99.2) on its website.
Ares Commercial Real Estate Corp. filed an 8-K to announce its financial results for the quarter and fiscal year ended December 31, 2024. The filing serves as a formal notice that earnings press releases and investor presentations have been released.
📋 Key Facts
- Report date: February 12, 2025
- Reporting period: Quarter and Year ended December 31, 2024
- Included Exhibit 99.1: Press Release regarding financial results
- Included Exhibit 99.2: Earnings Presentation
- Filed under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
Ares Commercial Real Estate Corporation (ACRE) has amended its Master Repurchase Agreement with Citibank, N.A. via its subsidiary ACRC Lender C LLC. The amendment extends the facility's expiration and funding availability to January 13, 2027, with options for further extensions.
🚩 Red Flags
- None identified; the extension of debt maturity is generally a liquidity positive for real estate finance companies.
📋 Key Facts
- Amendment to the 'Citi Facility' Master Repurchase Agreement entered on December 31, 2024.
- Facility expiration date extended by two years to January 13, 2027.
- Includes options for two additional 12-month extensions, potentially pushing maturity to January 13, 2029.
- Accordion provision allows facility increase up to $425 million via two $50 million increments (subject to Citibank consent and fees).
- Extensions are contingent upon no existing defaults under the agreement.
Ares Commercial Real Estate Corp announced its financial results for the quarter ended September 30, 2024. The filing serves as a formal notice of the release of earnings via press release and an investor presentation.
📋 Key Facts
- Report date: November 7, 2024
- Period covered: Quarter ended September 30, 2024
- The company issued a press release (Exhibit 99.1) regarding financial results.
- The company provided an earnings presentation (Exhibit 99.2) on its website.
Ares Commercial Real Estate Corp. filed an 8-K to announce its financial results for the second quarter ended June 30, 2024. The filing serves as a formal notice that earnings press releases and presentations have been made available.
📋 Key Facts
- Report date: August 6, 2024
- Reporting period: Quarter ended June 30, 2024
- Included Exhibit 99.1: Press Release regarding financial results
- Included Exhibit 99.2: Earnings presentation for the quarter
Ares Commercial Real Estate Corporation held its 2024 Annual Meeting of Stockholders on May 22, 2024. The meeting resulted in the election of three Class III directors and the ratification of Ernst & Young LLP as independent auditors.
📋 Key Facts
- Annual Meeting held on May 22, 2024.
- Stockholders approved a Second Amendment to the 2012 Equity Incentive Plan, increasing available shares by 2,525,000.
- Three Class III directors elected: Rand S. April, Bryan P. Donohoe, and James E. Skinner.
- Ernst & Young LLP ratified as independent registered public accounting firm for fiscal year ending Dec 31, 2024.
- Non-binding advisory vote on executive compensation was approved.
Ares Commercial Real Estate Corp. filed an 8-K to announce its financial results for the first quarter ended March 31, 2024. The filing includes a press release and an earnings presentation.
📋 Key Facts
- Report date: May 9, 2024
- Reporting period: Quarter ended March 31, 2024
- The company issued a press release (Exhibit 99.1) regarding financial results
- The company provided an earnings presentation via its website (Exhibit 99.2)
Michael J. Arougheti has announced he will not stand for re-election as a director at the upcoming 2024 Annual Meeting on May 22, 2024. The company plans to nominate CEO Bryan P. Donohoe to fill the resulting vacancy.
🚩 Red Flags
- None identified; departure is characterized as non-dispute related.
📋 Key Facts
- Michael J. Arougheti will not stand for re-election at the 2024 Annual Meeting of Stockholders (scheduled for May 22, 2024).
- The departure is due to time constraints from other professional commitments.
- No disagreement with company operations, policies, or practices was reported.
- CEO Bryan P. Donohoe has been nominated by the nominating and governance committee to replace him as a Class III director.
Ares Commercial Real Estate Corp. filed an 8-K to announce its financial results for the quarter and fiscal year ended December 31, 2023. The filing includes a press release and an earnings presentation as exhibits.
📋 Key Facts
- Report date: February 22, 2024
- Reporting period: Quarter and Year ended December 31, 2023
- The company issued a press release (Exhibit 99.1) regarding financial results.
- The company provided an earnings presentation (Exhibit 99.2) via its website.
Ares Commercial Real Estate Corporation amended its secured revolving funding facility with City National Bank. The amendment extends the maturity date and adjusts interest rate terms.
🚩 Red Flags
- The amendment involves a restructuring of debt terms (interest rate adjustment), which can sometimes indicate a need for liquidity management, though common in revolving facilities.
📋 Key Facts
- Amendment to the secured revolving funding facility (CNB Facility) entered into on January 31, 2024.
- Initial maturity date extended to March 10, 2025.
- Includes a one 12-month extension option at the Borrower's discretion, subject to conditions and fees.
- New interest rate structure: SOFR + 3.25% or Base Rate + 2.25%, subject to an interest rate floor.