Michael H
The distribution coverage profile for Ares Commercial Real Estate (NYSE:ACRE) deteriorated in the last quarter again as the REIT sold 3 loans that caused realized losses in the amount of $46M. As a result, the REIT did not support its $0.25
Analyst’s Disclosure:I/we have a beneficial long position in the shares of STWD, LADR, BXMT, ACRE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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