Ares Commercial Real Estate Corporation: Distressed Loan Turnaround Progresses Amid Ongoing Challenges

Ares Commercial Real Estate Corporation (ACRE) reported Q3 earnings with progress in turning around distressed loans. However, much work remains to be done. The company's focus on improving its loan portfolio and reducing distressed assets is a positive step. ACRE's efforts to reposition its loan portfolio and generate higher returns will likely take time. Despite this, the company's discount to net asset value provides a buying opportunity for investors.