Scott Kennedy’s mREIT + BDC Earnings Series: Assessing Ares Commercial Real Estate’s And Blue Owl Capital’s Performance For Q2 2024
Summary
This earnings assessment article reviews ACRE’s and OBDC’s BV/NAV and core earnings/EAD/NII performance during Q2 2024 and compares results to my expectations. Earnings remain a key driver to stock performance.
ACRE’s BV largely matched my/our expectations (well within range) while its adjusted core earnings/EAD was a modest underperformance. ACRE…