Ares Commercial Real Estate Corporation reported a GAAP net loss of $(11.0) million, or $(0.20) per diluted common share, for the second quarter of 2025. Distributable Earnings for the quarter were a loss of $(27.9) million, or $(0.51) per diluted common share, reflecting ongoing challenges.
The company incurred $33.0 million in realized losses on loans during the second quarter. Despite these losses, Ares Commercial Real Estate continued its focus on strengthening its balance sheet and resolving risk-rated 4 and 5 loans, collecting $337 million in repayments during the first half of 2025.
As of June 30, 2025, available capital stood at approximately $178 million, including $94 million of cash, providing continued liquidity. Subsequent to the quarter end, Ares Commercial Real Estate closed $43 million of new loan commitments, signaling a return to opportunistic investments. The Board of Directors declared a regular cash dividend of $0.15 per common share for the third quarter of 2025, maintaining the current dividend level.
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