Ares Commercial Real Estate Corporation (ACRE)

Name: Ares Commercial Real Estate Corporation Financial Statements
Creator: Quarter Results

Real Estate | REIT Mortgage

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$29.3M

Net Income

-$3.9M

Operating Margin

32.3%

Free Cash Flow

$19.7M

Debt / Assets

69.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Ares Commercial Real Estate Corporation (ACRE).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	29,293,000	16,295,000	-4,334,000	14,948,000
Cost of Revenue	6,915,000	0	7,058,000	0
Gross Profit	22,378,000	16,295,000	-11,392,000	14,948,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,273,000	5,460,000	2,668,000	2,723,000
Operating Expenses	15,972,000	5,460,000	6,122,000	14,948,000
Operating Income	9,461,000	19,442,000	5,066,000	0
Interest Expense	16,079,000	14,790,000	16,101,000	18,189,000
Income Before Tax	-3,860,000	-4,652,000	-11,035,000	9,626,000
Income Tax Expense	5,000	1,000	0	281,000
Net Income	-3,865,000	4,653,000	-11,035,000	9,345,000
Per Share
EPS	-0.07	0.08	-0.20	0.17
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Ares Commercial Real Estate Corporation (ACRE).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	85,349,000	87,802,000	1,101,000	109,046,000	102,069,000
Cost of Revenue	36,396,000	0	94,343,000	52,567,000	0
Gross Profit	48,953,000	87,802,000	-93,242,000	56,479,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	9,797,000	24,966,000	10,678,000	10,171,000	7,177,000
Operating Expenses	-12,832,000	24,966,000	10,298,000	32,728,000	7,177,000
Operating Income	61,785,000	62,836,000	-11,715,000	96,251,000	0
Interest Expense	65,159,000	105,985,000	117,199,000	65,994,000	-50,080,000
Income Before Tax	-617,000	35,011,000	-38,906,000	30,257,000	61,182,000
Income Tax Expense	285,000	18,000	-39,000	472,000	722,000
Net Income	-902,000	-34,993,000	-38,867,000	29,785,000	60,460,000
Per Share
EPS	-0.02	-0.64	-0.72	0.58	1.83
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Ares Commercial Real Estate Corporation (ACRE).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	63,799,000	110,459,000	141,278,000	50,615,000
Short Term Investments	0	28,060,000	27,936,000	2,414,383,000
Net Receivables	1,520,464,000	3,690,000	132,475,000	154,177,000
Inventory	0	0	-6,564,999	0
Total Current Assets	1,594,858,000	190,873,000	2,561,035,000	2,619,175,000
Property Plant Equipment	115,320,000	83,284,000	0	0
Goodwill and Intangibles	23,712,000	0	0	0
Total Assets	1,751,206,000	2,279,777,000	2,523,002,000	2,631,838,000
Liabilities
Account Payables	0	2,263,000	1,913,000	0
Short Term Debt	359,741,000	52,237,000	705,231,000	50,358,000
Total Current Liabilities	378,764,000	104,662,000	104,460,000	50,358,000
Long Term Debt	812,628,000	1,564,752,000	1,031,335,000	810,830,000
Total Liabilities	1,211,074,000	1,653,928,000	1,775,462,000	1,953,210,000
Shareholders Equity
Retained Earnings	-277,360,000	-187,020,000	-73,326,000	-28,631,000
Total Shareholders Equity	540,132,000	625,849,000	747,540,000	678,628,000

Balance sheet annual history for Ares Commercial Real Estate Corporation (ACRE).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	63,799,000	110,459,000	141,278,000	50,615,000	74,776,000
Short Term Investments	0	28,060,000	27,936,000	2,414,383,000	0
Net Receivables	1,520,464,000	3,690,000	132,475,000	154,177,000	7,489,000
Inventory	0	0	-6,564,999	0	0
Total Current Assets	1,594,858,000	190,873,000	2,561,035,000	2,619,175,000	0
Property Plant Equipment	115,320,000	83,284,000	0	0	0
Goodwill and Intangibles	23,712,000	0	0	0	0
Total Assets	1,751,206,000	2,279,777,000	2,523,002,000	2,631,838,000	1,929,497,000
Liabilities
Account Payables	0	2,263,000	1,913,000	0	391,000
Short Term Debt	359,741,000	52,237,000	705,231,000	50,358,000	651,428,000
Total Current Liabilities	378,764,000	104,662,000	104,460,000	50,358,000	651,819,000
Long Term Debt	812,628,000	1,564,752,000	1,031,335,000	810,830,000	675,498,000
Total Liabilities	1,211,074,000	1,653,928,000	1,775,462,000	1,953,210,000	1,456,482,000
Shareholders Equity
Retained Earnings	-277,360,000	-187,020,000	-73,326,000	-28,631,000	-25,117,000
Total Shareholders Equity	540,132,000	625,849,000	747,540,000	678,628,000	473,015,000

Cash flow quarterly history for Ares Commercial Real Estate Corporation (ACRE).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-902,000	-34,993,000	-38,867,000	29,785,000
Depreciation & Amortization	4,630,000	5,407,000	1,303,000	-1,029,000
Stock Based Compensation	3,904,000	4,739,000	3,991,000	2,876,000
Change in Working Capital	-4,526,000	-5,758,000	-19,513,000	-15,088,000
Operating Cash Flow	21,354,000	35,549,000	46,789,000	57,157,000
Investing Activities
Capital Expenditure	-1,631,000	0	0	0
Investments	0	0	0	0
Investing Cash Flow	148,144,000	427,914,000	127,460,000	193,173,000
Financing Activities
Debt Repayment	-129,624,000	-444,245,000	-120,465,000	-561,689,000
Common Stock Issued/Repurchased	0	0	-4,600,000	106,267,000
Dividends Paid	-39,011,000	-59,640,000	-75,954,000	-71,807,000
Financing Cash Flow	-168,635,000	-507,628,000	-205,068,000	-159,667,000
Summary
Free Cash Flow	19,723,000	35,549,000	46,789,000	57,157,000
Net Change in Cash	863,000	-44,165,000	-30,819,000	90,663,000

Cash flow annual history for Ares Commercial Real Estate Corporation (ACRE).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-902,000	-34,993,000	-38,867,000	29,785,000	60,460,000
Depreciation & Amortization	4,630,000	5,407,000	1,303,000	-1,029,000	9,895,000
Stock Based Compensation	3,904,000	4,739,000	3,991,000	2,876,000	1,940,000
Change in Working Capital	-4,526,000	-5,758,000	-19,513,000	-15,088,000	-16,347,000
Operating Cash Flow	21,354,000	35,549,000	46,789,000	57,157,000	48,350,000
Investing Activities
Capital Expenditure	-1,631,000	0	0	0	0
Investments	0	0	0	0	0
Investing Cash Flow	148,144,000	427,914,000	127,460,000	193,173,000	-699,685,000
Financing Activities
Debt Repayment	-129,624,000	-444,245,000	-120,465,000	-561,689,000	-37,500,000
Common Stock Issued/Repurchased	0	0	-4,600,000	106,267,000	204,779,000
Dividends Paid	-39,011,000	-59,640,000	-75,954,000	-71,807,000	-58,424,000
Financing Cash Flow	-168,635,000	-507,628,000	-205,068,000	-159,667,000	627,174,000
Summary
Free Cash Flow	19,723,000	35,549,000	46,789,000	57,157,000	48,350,000
Net Change in Cash	863,000	-44,165,000	-30,819,000	90,663,000	-24,161,000