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"text": "Exhibit 99.1\n",
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"text": "ARES COMMERCIAL REAL ESTATE CORPORATION REPORTS\nFIRST QUARTER 2026 RESULTS\n",
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"text": "*First quarter GAAP net income (loss) of $(9.6) million or $(0.17) per diluted common share and*\n*Distributable Earnings1 of $3.2 million or $0.06 per diluted common share*\n",
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"text": "- *Subsequent to the three months ended March 31, 2026 -*\n",
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"text": "*Closed $95 million of new loan commitments*\n",
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"text": "*Declared second quarter 2026 dividend of $0.15 per common share*\nNEW YORK—(BUSINESS WIRE)—Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty\nfinance company primarily engaged in directly originating and investing in commercial real estate loans and related\ninvestments, reported generally accepted accounting principles (“GAAP”) net income (loss) of $(9.6) million or $(0.17) per\ndiluted common share and Distributable Earnings1 of $3.2 million or $0.06 per diluted common share for the first quarter of\n2026.\n",
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"text": "“Supported by stable commercial real estate fundamentals, we maintained our investment momentum in the first quarter and\ngrew the portfolio with the closing of $294 million of new loan commitments,” said Bryan Donohoe, Chief Executive Officer\nof Ares Commercial Real Estate Corporation. “We remain highly focused on resolving the remaining risk rated 4 and 5 loans\nand REO properties alongside selectively investing in high quality new loans in order to reshape and grow our portfolio.”\n",
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"text": "“During the first quarter, we maintained our balance sheet flexibility through additional repayments in the loan portfolio,\ndisciplined liquidity and liability management and expanded borrowing capacity,” said Jeff Gonzales, Chief Financial Officer\nof Ares Commercial Real Estate Corporation. “We enhanced our financing structure by increasing the capacity on two of our\nsecured funding facilities by $300 million to support future growth and lowered our borrowing costs through the redemption of\nthe FL4 CLO.”\n",
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"text": "(1) Distributable Earnings (Loss) is a non-GAAP financial measure. Refer to Schedule I for the definition and reconciliation of Distributable Earnings (Loss).\n",
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"text": "**COMMON STOCK DIVIDEND**\nOn February 10, 2026, the Board of Directors of the Company declared a regular cash dividend of $0.15 per common share for\nthe first quarter of 2026. The first quarter 2026 dividend was paid on April 15, 2026 to common stockholders of record as of\nMarch 31, 2026.\n",
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"text": "On May 7, 2026, the Board of Directors of the Company declared a regular cash dividend of $0.15 per common share for the\nsecond quarter of 2026. The second quarter 2026 dividend will be payable on July 15, 2026 to common stockholders of record\nas of June 30, 2026.\n",
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"text": "**ADDITIONAL INFORMATION**\nThe Company issued a presentation of its first quarter 2026 results, which can be viewed at www.arescre.com on the Investor\nResources section of our home page under Events and Presentations. The presentation is titled “First Quarter 2026 Earnings\nPresentation.” The Company also filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 with the U.S.\nSecurities and Exchange Commission on May 7, 2026.\n",
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"text": "**CONFERENCE CALL AND WEBCAST INFORMATION**\nOn Thursday, May 7, 2026, the Company invites all interested persons to attend its webcast/conference call at 12:00 p.m.\n(Eastern Time) to discuss its first quarter 2026 financial results.\n",
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"text": "All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located\non the Home page of the Investor Resources section of the Company's website at www.arescre.com. Please visit the website to\ntest your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 343-5172.\nInternational callers can access the conference call by dialing +1 (203) 518-9856. Please provide passcode ACREQ126. All\ncallers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected. For\ninterested parties, an archived replay of the call will be available through June 7, 2026 at 5:00 p.m. (Eastern Time) to domestic\ncallers by dialing +1 (800) 839-4016 and to international callers by dialing +1 (402) 220-7240. An archived replay will also be\navailable through June 7, 2026 on a webcast link located on the Home page of the Investor Resources section of the Company's\nwebsite.\n",
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"text": "# ABOUT ARES COMMERCIAL REAL ESTATE CORPORATION\n\nAres Commercial Real Estate Corporation (the “Company”) is a specialty finance company primarily engaged in directly\noriginating and investing in commercial real estate loans and related investments. Through its national direct origination\nplatform, the Company provides a broad offering of flexible and reliable financing solutions for commercial real estate owners\nand operators. The Company invests in whole and co-invested senior mortgage loans, as well as subordinate financings,\nmezzanine debt and preferred equity, with an emphasis on providing value added financing on a variety of properties located in\nliquid markets across the United States. Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real\nestate investment trust and is externally managed by a subsidiary of Ares Management Corporation. For more information,\nplease visit www.arescre.com. The contents of such website are not, and should not be deemed to be, incorporated by reference\nherein.\n",
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"text": "**FORWARD-LOOKING STATEMENTS**\nStatements included herein or on the webcast / conference call may constitute “forward-looking statements” within the meaning\nof the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section\n21E of the Securities and Exchange Act of 1934, as amended. These statements relate to future events or the Company’s future\nperformance or financial condition and include, but are not limited to, statements about potential earnings, the resolution of\nunderperforming loans, increased investment activity, liquidity management, reduction or increase of CECL reserve, reduction\nor increase of available borrowings, the industry and the loan market. These statements are not guarantees of future\nperformance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from\nthose in the forward-looking statements as a result of a number of factors, including global economic trends and economic\nconditions, including slower growth, changes to fiscal and monetary policy, inflation, labor shortages, changing interest rates,\nforeign currency exchange volatility and uncertainties caused by tariffs and trade disputes, as well as geopolitical instability,\nchanges in interest rates and credit spreads, management’s estimate of current expected credit losses and current expected credit\nloss reserve, the amount of commercial mortgage loans requiring refinancing, the demand for commercial real estate loans, the\nCompany’s expected investment capacity and available capital, rates of default or decreased recovery rates on the Company’s\n",
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"text": "target investments, the Company's business and investment strategy, the Company's projected operating results, the ability of\nAres Commercial Real Estate Management LLC (\"ACREM\" or the Company's \"Manager\") to locate suitable investments for\nthe Company, monitor, service and administer the Company's investments and execute its investment strategy, and the risks\ndescribed from time to time in the Company's filings with the Securities and Exchange Commission (the \"SEC\"), including, but\nnot limited to, the risk factors described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K, filed\nwith the SEC on February 10, 2026. Any forward-looking statement, including any contained herein, speaks only as of the time\nof this press release and Ares Commercial Real Estate Corporation undertakes no duty to update any forward-looking\nstatements made herein or on the webcast/conference call. Projections and forward-looking statements are based on\nmanagement's good faith and reasonable assumptions, including the assumptions described herein.\n",
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"text": "INVESTOR RELATIONS CONTACTS\nAres Commercial Real Estate Corporation\nCarl Drake or John Stilmar\n(888) 818-5298\niracre@aresmgmt.com",
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"kind": "text",
"text": "**SCHEDULE I**\n",
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"text": "Reconciliation of Net Income (Loss) to Non-GAAP Distributable Earnings (Loss)\nDistributable Earnings (Loss) is a non-GAAP financial measure that helps the Company evaluate its financial performance excluding\nthe effects of certain transactions and GAAP adjustments that it believes are not necessarily indicative of its current loan origination\nportfolio and operations. To maintain the Company's REIT status, the Company is generally required to annually distribute to its\nstockholders substantially all of its taxable income. The Company believes the disclosure of Distributable Earnings (Loss) provides\nuseful information to investors regarding the Company's ability to pay dividends, which is one of the principal reasons the Company\nbelieves investors invest in the Company. The presentation of this additional information is not meant to be considered in isolation or\nas a substitute for financial results prepared in accordance with GAAP. Distributable Earnings (Loss) is defined as net income (loss)\nattributable to common stockholders computed in accordance with GAAP, excluding non-cash equity compensation expense, the\nincentive fees the Company pays to its Manager, depreciation and amortization (to the extent that any of the Company's target\ninvestments are structured as debt and the Company forecloses on any properties underlying such debt), any unrealized gains, losses or\nother non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other\ncomprehensive income or loss, or in net income (loss), one-time events pursuant to changes in GAAP and certain non-cash charges\nafter discussions between the Company's Manager and the Company's independent directors and after approval by a majority of the\nCompany's independent directors. Loan balances that are deemed to be uncollectible are written-off as a realized loss and are included\nin Distributable Earnings (Loss). Distributable Earnings (Loss) is aligned with the calculation of \"Core Earnings,\" which is defined in\nthe Management Agreement and is used to calculate the incentive fees the Company pays to its Manager.\n",
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"text": "Reconciliation of net income (loss) attributable to common stockholders, the most directly comparable GAAP financial measure, to\nDistributable Earnings (Loss) is set forth in the table below for the three and twelve months ended March 31, 2026 ($ in\nthousands):\n",
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"text": "Numbers presented may not foot due to rounding.\n",
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"text": "6\n",
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