Ares Commercial Real Estate Corporation (ACRE) CEO Jamie Henderson on Q1 2019 Results - Earnings Call Transcript

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153.96K Followers

Q1: 2019-05-01 Earnings Summary

EPS of $0.30 misses by $0.02
 | Revenue of $12.25M (-6.78% Y/Y) misses by $782.00K

Ares Commercial Real Estate Corporation (NYSE:ACRE) Q1 2019 Earnings Conference Call May 1, 2019 11:00 AM ET

Company Participants

Veronica Mendiola Mayer - Investor Relations.
Jamie Henderson - Chief Executive Officer
Tae-Sik Yoon - Chief Financial Officer
David Roth - Head of U.S. Real Estate Private Equity

Conference Call Participants

Steve Delaney - JMP Securities
Doug Harter - Credit Suisse
Jade Rahmani - KBW
Ryan Tomasello - KBW
Rick Shane - JPMorgan

Operator

Good morning, and welcome to the Ares Commercial Real Estate Corporation's Conference Call to discuss the company's First Quarter 2019 Earnings Results. As a reminder, this conference is being recorded on May 1, 2019.

I will now turn the call over to Veronica Mendiola Mayer from Investor Relations. Please go ahead.

Veronica Mendiola Mayer

Thank you. Good morning, and thank you for joining us on today's conference call. I am joined today by; our CEO, Jamie Henderson; our CFO, Tae-Sik Yoon; and David Roth, Ares Management Head of U.S. Real Estate Private Equity who will be available for the question-and-answer session.

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, intent, will, should, may and similar expressions.

These forward-looking statements are based on management's current expectations of market conditions and management's judgment. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. 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. Ares Commercial Real Estate Corporation assumes no obligation

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