Ares Commercial Real Estate Corporation (NYSE:ACRE) Q2 2024 Earnings Conference Call August 6, 2024 12:00 PM ET

Company Participants

John Stilmar - Managing Director, Investor Relations
Bryan Donohoe - Chief Executive Officer
Tae-Sik Yoon - Chief Operating Officer

Conference Call Participants

Shane Rick - JPMorgan
Stephen Laws - Raymond James
Jason Sabshon - KBW
Chris Muller - Citizens JMP

Operator

Good afternoon, ladies and gentlemen. Welcome to Ares Commercial Real Estate Corporation's Second Quarter Earnings Conference Call. [Operator Instructions]. And as a reminder this conference is being recorded on Tuesday, August 6, 2024. I will now turn the call over to Mr. John Stilmar, Partner of Public Markets Investor Relations. Mr. Stilmar, please go ahead.

John Stilmar

Good afternoon, and thank you for joining us on today's conference call. In addition to our press release and the 10-Q that we filed with the SEC, we put an earnings presentation under the Investor Resources section of our website at www.arescre.com.

Before we begin, I want to remind everyone that comments made during the course of this conference call as well as webcast and in the accompanying documents contain forward-looking statements that are subject to risks and uncertainties. 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. These forward-looking statements are based on management's current expectation of market conditions and management's judgment. The statements are not guarantees of future performance, condition, or results, involve a number of risks and uncertainties. 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. Ares Commercial Real Estate Corporation assumes no obligation to update any such forward-looking statements.

During this conference call, we will refer to certain non-GAAP financial measures. We use these as a measure of operating performance and measures should not be considered in isolation from or to substitute for measures prepared in accordance with generally accepted accounting principles. These measures may not be comparable to like titled measures used by other companies.

Now I'd like to turn the call over to our CEO, Bryan Donohoe. Bryan?

Bryan Donohoe

Thank you, John and good afternoon, everyone. Before we begin a review of our second quarter 2024 results, I wanted to take a moment to congratulate Tae-Sik Yoon, as our new Chief Operating Officer; and Jeff Gonzales as our new Chief Financial Officer and Treasurer. Both of these appointments will be effective as of August 30, 2024.