Positive Thoughts Positive Outcomes by Shane Senior

In addition, we have set appropriate CECL reserve amounts taking into account current market conditions and the macro-economic outlook. As we'll detail further, we resolved a number of underperforming loans with positive outcomes reduced our exposure to the office sector, delevered our balance sheet and continued to build our cash and liquidity. Now, I'd like to turn the call over to our CEO, Bryan Donohoe, Bryan?ĭespite a challenging commercial real estate market, we continue to make constructive progress towards many of our goals and objectives during the first quarter. These measures may not be comparable to like-titled measures used by other companies. We use these as measures of operating performance, and these measures should not be considered in isolation from or substitute for any measures prepared in accordance with Generally Accepted Accounting Principles. Ares Commercial Real Estate Corporation assumes no obligation to update any such forward looking statements.ĭuring this conference call, we will refer to certain non GAAP financial measures. The company's actual results could differ materially from those expressed in the forward-looking statements as a result of a number of factors, including those listed in its SEC filings. These statements are not guarantees of future performance condition or results involve a number of risks and uncertainties. These forward-looking statements are based on management's current expectations of market conditions, and management's judgment. Many of these forward-looking statements can be identified by the use of words such as anticipates, believes, expects, intends, will, should, may and similar such expressions. In addition to our press release and the 10-Q that we filed with the SEC, we've posted an earnings presentation under the Investor Resources section of our website at Before we begin, I want to remind everyone that comments made during the course of this conference call and webcast as well as the accompanying documents contain forward-looking statements and are subject to risks and uncertainties. I'm joined today by our CEO Bryan Donohoe, our CFO Tae-Sik Yoon and other members of our team. And thank you for joining us on today's conference call. I would now turn the call over to John Stilmar, Managing Director and Investor Relations. As a reminder, this conference being recorded on Tuesday, May 2, 2023.

At this time all participants are in a listen-only mode. Welcome to Ares Commercial Real Estate Corporation's First Quarter MaEarnings Conference Call. Ares Commercial Real Estate Corporation ( NYSE: ACRE) Q1 2023 Earnings Conference Call 10:00 AM ET

Positive Thoughts Positive Outcomes by Shane Senior