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"markdown": "Exhibit 99.1\n\n\n\n\nThe image features a logo consisting of a stylized circular emblem on the left and the word 'ARES' on the right in a dark blue serif font. The emblem is composed of two interlocking or orbiting oval shapes, resembling a planet or atomic structure, rendered in the same dark blue color as the text.\n\nARES COMMERCIAL REAL ESTATE CORPORATION REPORTS\nFIRST QUARTER 2026 RESULTS\n\n\n*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\n\n- *Subsequent to the three months ended March 31, 2026 -*\n\n\n*Closed $95 million of new loan commitments*\n\n\n*Declared second quarter 2026 dividend of $0.15 per common share*\nNEW YORK\u2014(BUSINESS WIRE)\u2014Ares Commercial Real Estate Corporation (the \u201cCompany\u201d) (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 (\u201cGAAP\u201d) 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\n\n\u201cSupported 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,\u201d said Bryan Donohoe, Chief Executive Officer\nof Ares Commercial Real Estate Corporation. \u201cWe 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.\u201d\n\n\n\u201cDuring 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,\u201d said Jeff Gonzales, Chief Financial Officer\nof Ares Commercial Real Estate Corporation. \u201cWe 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.\u201d\n\n\n(1) Distributable Earnings (Loss) is a non-GAAP financial measure. Refer to Schedule I for the definition and reconciliation of Distributable Earnings (Loss).\n\n\n1\n\n",
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