2024-03-14 02:20:31 ET
Summary
- Ares Commercial Real Estate Corporation sold due to growing dividend risks.
- ACRE slashed its dividend by 24.2% in Q1, but the new payout is better covered by distributable earnings.
- The REIT's valuation multiple and 13% yield make it an interesting buying opportunity for passive income investors.
As part of my portfolio review process last year, I sold Ares Commercial Real Estate Corporation ( ACRE ) due to growing dividend risks....
Read the full article on Seeking Alpha
For further details see:
Ares Commercial Real Estate: The Safest Dividend Is The One That's Just Been Cut (Upgrade)