Investor Presentaiton
Consolidated Statements of Operations
($ in thousands, except share and per share data)
Revenue:
Interest income
Interest expense
Net interest margin
Revenue from real estate owned
Total revenue
9/30/2021
For the Three Months Ended
6/30/2021
3/31/2021
12/31/2020
9/30/2020
34,023 $
(12,669)
21,354
30,859
(11,092)
19,767
$
30,704 $
29,144 $
30,626
(12,139)
(11,499)
(11,875)
18,565
17,645
18,751
5,850
3,764
2,658
3,560
3,623
27,204
23,531
21,223
21,205
22,374
Expenses:
Management and incentive fees to affiliate
3,175
2,951
2,567
2,388
1,847
Professional fees
480
615
785
438
639
General and administrative expenses
1,119
1,195
1,157
935
969
General and administrative expenses reimbursed to affiliate
773
788
752
762
802
Expenses from real estate owned
5,339
3,842
3,277
4,151
4,046
Total expenses
10,886
9,391
8,538
8,674
8,303
Provision for current expected credit losses
6,367
(3,883)
(3,240)
(1,877)
(1,048)
Realized losses on loans sold
4,008
Change in unrealized losses on loans held for sale
(3,998)
Income before income taxes
9,951
Income tax expense, including excise tax
Net income attributable to common stockholders
$
9,951
$
18,023
408
17,615 $
15,925
185
15,740 $
EA
14,408
1
181
14,407
$
14,928
15,109
Earnings per common share:
Basic earnings per common share
Diluted earnings per common share
$
0.21 $
0.21 $
0.43 $
0.43 $
0.46 $
0.45 $
0.43 $
0.43
0.45
0.44
Weighted average number of common shares outstanding:
Basic weighted average shares of common stock outstanding
Diluted weighted average shares of common stock outstanding
Dividends declared per share of common stock (1)
46,957,339
41,009,175
34,417,040
47,209,469
41,294,597
34,720,950
33,349,475
33,567,072
33,337,445
33,550,444
$
0.35 $
0.35
$
0.35 $
0.33
$
0.33
1. There is no assurance dividends will continue at these levels or at all.
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ARES
COMMERCIAL REAL ESTATE CORPORATIONView entire presentation