NEW YORK (AP) _ Ares Industrial Actual Property Corp. (ACRE) on Tuesday reported fourth-quarter web revenue of $17.2 million.
The New York-based firm stated it had revenue of 36 cents per share. Earnings, adjusted for non-recurring prices and inventory choice expense, had been 41 cents per share.
The actual property funding belief posted income of $30.1 million within the interval. Its adjusted income was $38 million.
For the yr, the corporate reported revenue of $60.5 million, or $1.42 per share. Income was reported as $133.6 million.
Ares Industrial Actual Property shares have dropped 3% for the reason that starting of the yr. The inventory has climbed almost 8% within the final 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks inventory report on ACRE at https://www.zacks.com/ap/ACRE
