Ares Commercial Real Estate reported earnings per share of $0.06 for the first quarter of 2026, falling short of the $0.08 consensus estimate and down from $0.13 in the same quarter last year, reflecting a notable year-over-year profit contraction.

Total revenue for the quarter undershot analysts’ forecasts, representing the third straight quarter of year-over-year revenue declines as leasing volumes and asset management fees softened amid challenging market conditions.