Ares Commercial Real Estate completes $64 million sale of North Carolina office property
Ares Commercial Real Estate (ACRE) sold a North Carolina office property for $64M. The company reported Q2 earnings of $0.12 per share, beating estimates. Revenue was $14.36M, also exceeding forecasts. ACRE maintains a 13.7% dividend yield and expects profitability this year. Analysts project $0.34 per share in earnings. The company's market cap is $246M.




