Ares Commercial Real Estate Corporation (ACRE) CEO Jamie Henderson on Q2 2019 Results - Earnings Call Transcript

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153.96K Followers

Q2: 2019-07-26 Earnings Summary

EPS of $0.34 beats by $0.01
 | Revenue of $13.32M (-2.33% Y/Y) misses by $1.97M

Ares Commercial Real Estate Corporation (NYSE:ACRE) Q2 2019 Earnings Conference Call July 26, 2019 11:00 AM ET

Company Participants

Veronica Mendiola Mayer - Investor Relations.
David Roth - President
Tae-Sik Yoon - Chief Financial Officer
Jamie Henderson - Chief Executive Officer
Carl Drake - Partner, Head of Public Investor Relations & Communications

Conference Call Participants

Steve Delaney - JMP Securities
Doug Harter - Credit Suisse
Jade Rahmani - KBW
Rick Shane - JPMorgan
Stephen Laws - Raymond James

Operator

Good morning and welcome to the Ares Commercial Real Estate Corporation's Conference Call to discuss the company's Second Quarter 2019 Earnings Results. All participants will be in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded on July 26, 2019.

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

Veronica Mendiola Mayer

Good morning and thank you for joining us on today's conference call. I am joined by today by our CEO, Jamie Henderson; David Roth, our new President; Tae-Sik Yoon, our CFO; and Carl Drake; and other members from our Investor Relations team.

In addition to our press release and the 10-Q that we filed with the SEC, we have posted an earnings presentation under the Investor Resources section of our website at www.arescre.com.

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.

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

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