NEW YORK (AP) _ Ares Commercial Real Estate Corp. (ACRE) on Friday reported second-quarter profit of $17.6 million.

The New York-based company said it had net income of 43 cents per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share.

The real estate investment trust posted revenue of $23.5 million in the period. Its adjusted revenue was $30.9 million.

Ares Commercial Real Estate shares have climbed 29% since the beginning of the year. The stock has climbed 68% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACRE at https://www.zacks.com/ap/ACRE

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News