<p>阿瑞斯商业地产（Ares Commercial Real Estate，简称 ACRE）已召开其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
<h3>认识您的 ETF 人工智能分析师</h3>
<ul>
<li>了解 TipRanks 的 <em>ETF</em> 人工智能分析师如何帮助您做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> 人工智能分析师</strong> 对您关注的 ETF 的见解。</li>
</ul>
<p>阿瑞斯商业地产最近的财报电话会议反映了战略重组和进展的时期，重点是降低风险和债务，同时在新贷款承诺方面实现显著增长。尽管取得了这些进展，但在某些风险评级贷款和重组努力所产生的实际损失方面仍面临挑战。</p>
<h2>办公室投资组合的减少</h2>
<p>公司报告其办公室投资组合减少至 4.95 亿美元，环比下降 6%，同比下降 26%。这一减少是由于还款和战略重组努力所致，突显了阿瑞斯优化其投资组合的承诺。</p>
<h2>风险评级贷款的强劲租赁和入住率</h2>
<p>阿瑞斯在其多户住宅物业中实现了超过 95% 的令人印象深刻的入住率，而曼哈顿的一处办公物业的入住率超过 80%。这些数字突显了重组努力带来的积极成果，促进了公司的整体稳定性。</p>
<h2>房地产债务战略的增长</h2>
<p>阿瑞斯房地产债务集团在过去 12 个月中通过发放超过 60 亿美元的新贷款承诺实现了显著增长。这一扩展表明了强劲的资本部署和在房地产债务市场中的强大地位。</p>
<h2>改善的资产负债表和减少的借款</h2>
<p>阿瑞斯报告其净债务与股本比率从上季度的 1.2 倍降至 1.1 倍，同比从 1.8 倍降至 811 百万美元。未偿还借款减少至 8.11 亿美元，环比下降 9%，同比下降 40%，展示了有效的财务管理。</p>
<h2>强劲的流动性状况</h2>
<p>公司保持了强劲的流动性状况，拥有 1.73 亿美元的可用资本，其中包括 8800 万美元的现金。这得益于截至目前的还款总额达到 4.98 亿美元，确保了未来机会的财务灵活性。</p>
<h2>贷款重组的实际损失</h2>
<p>一项办公物业贷款的重组导致实际损失为 160 万美元，影响了可分配收益。这突显了重组努力所面临的挑战和风险。</p>
<h2>风险评级 5 贷款的持续挑战</h2>
<p>一笔价值 1.41 亿美元的芝加哥办公贷款仍处于不计息状态，正在进行潜在出售的讨论。这一情况反映了阿瑞斯在某些风险评级贷款方面面临的持续挑战。</p>
<h2>多户住宅贷款降级</h2>
<p>一笔价值 2800 万美元的多户住宅物业抵押贷款因即将到期而被降级，尽管入住率有所改善。这表明阿瑞斯需要解决多户住宅领域的潜在风险。</p>
<h2>前瞻性指导</h2>
<p>展望未来，阿瑞斯商业地产计划在 2026 年通过利用阿瑞斯房地产平台的扩展规模来增长其投资组合。公司预计其投资组合将继续保持还款的步伐，这将支持其战略目标和财务稳定性。</p>
<p>总之，阿瑞斯商业地产的财报电话会议突显了战略重组和增长的时期，重点是降低风险和债务。尽管仍面临挑战，特别是在某些风险评级贷款方面，但公司强劲的流动性状况和新贷款承诺的增长为未来提供了积极的前景。</p>

阿瑞斯商业地产

<p>阿瑞斯商业地产（ACRE）召开了第三季度财报电话会议，强调了战略重组和增长。公司将办公物业组合季度减少了 6%，同比减少了 26%，专注于风险和债务减少。ACRE 在多户住宅物业中实现了超过 95% 的入住率，并发起了超过 60 亿美元的新贷款承诺。净债务与股本比率改善至 1.1 倍，未偿借款同比下降了 40%。尽管面临风险评级贷款的挑战，ACRE 仍保持强劲的流动性，并计划到 2026 年实现投资组合增长，得益于还款和战略目标的支持</p>

<p>Ares Commercial Real Estate ((ACRE)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>阿瑞斯商业地产（Ares Commercial Real Estate，简称 ACRE）已召开其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Meet Your ETF AI Analyst</h3>
<div class="lb-trans"><h3>认识您的 ETF 人工智能分析师</h3>
</div><ul>
<li>Discover how TipRanks' <em>ETF</em> AI Analyst can help you make smarter investment decisions</li>
<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
</ul>
<div class="lb-trans"><ul>
<li>了解 TipRanks 的 <em>ETF</em> 人工智能分析师如何帮助您做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> 人工智能分析师</strong> 对您关注的 ETF 的见解。</li>
</ul>
</div><p>Ares Commercial Real Estate’s recent earnings call reflects a period of strategic restructuring and progress, with a focus on reducing risk and debt while achieving significant growth in new loan commitments. Despite these advancements, challenges persist with certain risk-rated loans and realized losses from restructuring efforts.</p>
<div class="lb-trans"><p>阿瑞斯商业地产最近的财报电话会议反映了战略重组和进展的时期，重点是降低风险和债务，同时在新贷款承诺方面实现显著增长。尽管取得了这些进展，但在某些风险评级贷款和重组努力所产生的实际损失方面仍面临挑战。</p>
</div><h2>Reduction in Office Portfolio</h2>
<div class="lb-trans"><h2>办公室投资组合的减少</h2>
</div><p>The company reported a reduction in its office portfolio to $495 million, marking a 6% decrease quarter-over-quarter and a 26% decrease year-over-year. This reduction was driven by repayments and strategic restructuring efforts, highlighting Ares’ commitment to optimizing its portfolio.</p>
<div class="lb-trans"><p>公司报告其办公室投资组合减少至 4.95 亿美元，环比下降 6%，同比下降 26%。这一减少是由于还款和战略重组努力所致，突显了阿瑞斯优化其投资组合的承诺。</p>
</div><h2>Strong Leasing and Occupancy in Risk Rated Loans</h2>
<div class="lb-trans"><h2>风险评级贷款的强劲租赁和入住率</h2>
</div><p>Ares achieved impressive occupancy rates in its multifamily properties, exceeding 95%, and an office property in Manhattan reached over 80% occupancy. These figures underscore positive outcomes from restructuring efforts, contributing to the company’s overall stability.</p>
<div class="lb-trans"><p>阿瑞斯在其多户住宅物业中实现了超过 95% 的令人印象深刻的入住率，而曼哈顿的一处办公物业的入住率超过 80%。这些数字突显了重组努力带来的积极成果，促进了公司的整体稳定性。</p>
</div><h2>Growth in Real Estate Debt Strategy</h2>
<div class="lb-trans"><h2>房地产债务战略的增长</h2>
</div><p>The Ares Real Estate Debt Group demonstrated significant growth by originating over $6 billion in new loan commitments over the past 12 months. This expansion indicates robust capital deployment and a strong position in the real estate debt market.</p>
<div class="lb-trans"><p>阿瑞斯房地产债务集团在过去 12 个月中通过发放超过 60 亿美元的新贷款承诺实现了显著增长。这一扩展表明了强劲的资本部署和在房地产债务市场中的强大地位。</p>
</div><h2>Improved Balance Sheet and Reduced Borrowings</h2>
<div class="lb-trans"><h2>改善的资产负债表和减少的借款</h2>
</div><p>Ares reported a decrease in its net debt-to-equity ratio to 1.1x from 1.2x quarter-over-quarter and 1.8x year-over-year. Outstanding borrowings were reduced to $811 million, reflecting a 9% decrease quarter-over-quarter and a 40% decrease year-over-year, showcasing effective financial management.</p>
<div class="lb-trans"><p>阿瑞斯报告其净债务与股本比率从上季度的 1.2 倍降至 1.1 倍，同比从 1.8 倍降至 811 百万美元。未偿还借款减少至 8.11 亿美元，环比下降 9%，同比下降 40%，展示了有效的财务管理。</p>
</div><h2>Strong Liquidity Position</h2>
<div class="lb-trans"><h2>强劲的流动性状况</h2>
</div><p>The company maintained a strong liquidity position with available capital of $173 million, including $88 million in cash. This was supported by year-to-date repayments totaling $498 million, ensuring financial flexibility for future opportunities.</p>
<div class="lb-trans"><p>公司保持了强劲的流动性状况，拥有 1.73 亿美元的可用资本，其中包括 8800 万美元的现金。这得益于截至目前的还款总额达到 4.98 亿美元，确保了未来机会的财务灵活性。</p>
</div><h2>Realized Loss from Loan Restructuring</h2>
<div class="lb-trans"><h2>贷款重组的实际损失</h2>
</div><p>A restructuring of an office property loan resulted in a realized loss of $1.6 million, impacting distributable earnings. This highlights the challenges and risks associated with restructuring efforts.</p>
<div class="lb-trans"><p>一项办公物业贷款的重组导致实际损失为 160 万美元，影响了可分配收益。这突显了重组努力所面临的挑战和风险。</p>
</div><h2>Ongoing Challenges with Risk Rated 5 Loans</h2>
<div class="lb-trans"><h2>风险评级 5 贷款的持续挑战</h2>
</div><p>A $141 million Chicago office loan remains on nonaccrual, with ongoing discussions for potential sale. This situation reflects the continued challenges Ares faces with certain risk-rated loans.</p>
<div class="lb-trans"><p>一笔价值 1.41 亿美元的芝加哥办公贷款仍处于不计息状态，正在进行潜在出售的讨论。这一情况反映了阿瑞斯在某些风险评级贷款方面面临的持续挑战。</p>
</div><h2>Multifamily Loan Downgrade</h2>
<div class="lb-trans"><h2>多户住宅贷款降级</h2>
</div><p>A $28 million loan collateralized by a multifamily property was downgraded due to upcoming maturity, despite improved occupancy. This indicates potential risks in the multifamily sector that Ares needs to address.</p>
<div class="lb-trans"><p>一笔价值 2800 万美元的多户住宅物业抵押贷款因即将到期而被降级，尽管入住率有所改善。这表明阿瑞斯需要解决多户住宅领域的潜在风险。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Ares Commercial Real Estate aims to grow its portfolio in 2026 by leveraging the expanded scale of the Ares Real Estate Platform. The company expects a continued pace of repayments across its portfolio, which will support its strategic objectives and financial stability.</p>
<div class="lb-trans"><p>展望未来，阿瑞斯商业地产计划在 2026 年通过利用阿瑞斯房地产平台的扩展规模来增长其投资组合。公司预计其投资组合将继续保持还款的步伐，这将支持其战略目标和财务稳定性。</p>
</div><p>In conclusion, Ares Commercial Real Estate’s earnings call highlights a period of strategic restructuring and growth, with a focus on reducing risk and debt. While challenges remain, particularly with certain risk-rated loans, the company’s strong liquidity position and growth in new loan commitments provide a positive outlook for the future.</p>
<div class="lb-trans"><p>总之，阿瑞斯商业地产的财报电话会议突显了战略重组和增长的时期，重点是降低风险和债务。尽管仍面临挑战，特别是在某些风险评级贷款方面，但公司强劲的流动性状况和新贷款承诺的增长为未来提供了积极的前景。</p>
</div>

阿瑞斯商业地产的战略重组与发展