insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

ACRE · Ares Commercial Real Estate Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ACRE

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AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$54.83M$69.65M$92.93M$106.85M$102.07M$82.70M
Cost of Revenue------
Gross Profit------
R&D------
SG&A$7.04M$7.82M$7.24M$6.39M$4.74M$3.73M
Total Operating Expenses------
D&A$8.47M$4.76M$825.0K$0$825.0K$892.0K
Operating Income($617.0K)($35.01M)($38.91M)$30.26M$22.19M$22.19M
Interest Expense------
Income Tax$285.0K($18.0K)($39.0K)$472.0K$722.0K$352.0K
Net Income($902.0K)($34.99M)($38.87M)$29.79M$60.46M$21.84M
EPS - Basic------
EPS - Diluted------

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$29.29M$63.80M$110.46M$141.28M$50.62M$74.78M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$1.62B$1.75B$2.28B$2.52B$2.63B$1.93B
Current Liabilities------
Long-term Debt$948.18M$718.47M$894.82M$960.23M$1.04B$928.67M
Total Liabilities$1.11B$1.21B$1.65B$1.78B$1.95B$1.46B
Stockholders' Equity$509.57M$540.13M$625.85M$747.54M$678.63M$473.01M
Retained Earnings($311.79M)($277.36M)($187.02M)($73.33M)($28.63M)($25.12M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$21.35M$35.55M$46.79M$57.16M$48.35M$31.76M
Investing Cash Flow$148.14M$427.91M$127.46M$193.17M($699.68M)($81.87M)
Financing Cash Flow($168.63M)($507.63M)($205.07M)($159.67M)$627.17M$119.25M
CapEx------
Free Cash Flow------

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin-1.1%-50.3%-41.9%28.3%21.7%26.8%
EBITDA margin14.3%-43.4%-41.0%28.3%22.6%27.9%
Net margin-1.6%-50.2%-41.8%27.9%59.2%26.4%
Free cash flow margin------
FCF / Net income------
R&D / Revenue------
SG&A / Revenue12.8%11.2%7.8%6.0%4.6%4.5%
Effective tax rate---1.6%1.2%1.6%
Return on assets-0.1%-2.0%-1.7%1.2%2.3%1.1%
Return on equity-0.2%-6.5%-6.2%4.0%8.9%4.6%
Return on invested capital-0.0%-2.2%-2.0%1.7%1.3%1.6%
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity1.861.331.431.281.531.96
Debt / Assets0.590.410.390.380.400.48
Debt / EBITDA120.68--31.7445.2340.23
Interest coverage------
Equity multiplier3.183.243.643.383.884.08
Liabilities / Assets0.690.690.730.700.740.75
Efficiency
Asset turnover0.030.040.040.040.040.04
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E------
P / B0.5x0.6x0.9x0.7x0.9x0.8x
P / S4.8x4.6x6.1x5.0x6.1x4.8x
EV / EBITDA150.3x--44.8x70.0x54.1x
Growth
Revenue growth (YoY)-21.3%-25.0%-13.0%4.7%23.4%7.0%
Revenue CAGR (3y)-19.9%-12.0%4.0%11.4%--
Revenue CAGR (5y)-7.9%-2.1%--17.7%-0.6%
Gross profit growth (YoY)------
Operating income growth (YoY)98.2%10.0%-36.3%0.0%-40.8%
Net income growth (YoY)97.4%10.0%--50.7%176.8%-41.0%
EPS growth (YoY)------
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)------
FCF CAGR (5y)------
Book value growth (YoY)-5.7%-13.7%-16.3%10.2%43.5%10.9%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$54.83M total
Reportable Segment$54.83M · 100.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9
Neutral
  • ✗Net income positive
  • ✓Operating cash flow positive
  • ✓ROA improved YoY
  • ✓Cash flow > net income
  • ✗Long-term debt decreased
  • -Current ratio improved
  • ✓No share dilution
  • -Gross margin improved
  • ✗Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

CompanyRevenue (last FY)Net marginROE
UMH$261.75M2.3%0.7%
ARE---9.2%
VTR$5.83B4.3%2.0%
SPG$6.36B72.7%88.8%
NYSE: KRC$1.11B0.0%0.0%

Comparing Ares Commercial Real Estate Corp against the 5 most active filers in the same SIC group.

Dividends

$0.60/share trailing 12 months · -33.3% YoY

Ex-datePer share
Mar 31, 2026$0.1500
Dec 31, 2025$0.1500
Sep 30, 2025$0.1500
Jun 30, 2025$0.1500
Mar 31, 2025$0.1500
Dec 31, 2024$0.2500
Sep 30, 2024$0.2500
Jun 28, 2024$0.2500
Mar 27, 2024$0.2500
Dec 28, 2023$0.3300
Sep 28, 2023$0.3300
Jun 29, 2023$0.3500
Mar 30, 2023$0.3500
Dec 29, 2022$0.3500
Sep 29, 2022$0.3500
Jun 29, 2022$0.3500
Mar 30, 2022$0.3500
Dec 30, 2021$0.3500
Sep 29, 2021$0.3500
Jun 29, 2021$0.3500
Mar 30, 2021$0.3500
Dec 29, 2020$0.3300
Sep 29, 2020$0.3300
Jun 29, 2020$0.3300