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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.46M | - | $14.11M | $12.56M | $14.95M | - | $16.65M | $16.80M | $18.69M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.42M | - | $1.73M | $2.00M | $1.72M | - | $1.94M | $1.96M | $2.08M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $741.0K | - | $2.00M | $2.30M | $2.18M | - | $967.0K | $770.0K | $786.0K | - |
| Operating Income | ($9.57M) | - | $4.65M | ($11.04M) | $9.63M | - | ($5.88M) | ($6.13M) | ($12.32M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $30.0K | - | ($1.0K) | $0 | $281.0K | - | ($3.0K) | $0 | $2.0K | - |
| Net Income | ($3.87M) | - | $4.65M | ($11.04M) | ($10.66M) | - | ($5.88M) | ($6.13M) | ($39.41M) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $86.16M | $29.29M | $84.87M | $89.98M | $125.50M | $63.80M | $68.88M | $70.65M | $99.52M | $110.46M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.84B | $1.62B | $1.39B | $1.44B | $1.52B | $1.75B | $1.94B | $2.07B | $2.11B | $2.28B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | $948.18M | - | - | - | $718.47M | - | - | - | $894.82M |
| Total Liabilities | $1.34B | $1.11B | $870.88M | $914.94M | $977.48M | $1.21B | $1.38B | $1.49B | $1.51B | $1.65B |
| Stockholders' Equity | $492.42M | $509.57M | $520.98M | $523.70M | $542.14M | $540.13M | $563.75M | $582.26M | $601.09M | $625.85M |
| Retained Earnings | ($329.84M) | ($311.79M) | ($299.48M) | ($295.77M) | ($276.37M) | ($277.36M) | ($252.77M) | ($233.08M) | ($213.15M) | ($187.02M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($56.61M) | - | - | - | $8.01M | - | - | - | $11.38M | - |
| Investing Cash Flow | ($89.78M) | - | - | - | $298.74M | - | - | - | $134.02M | - |
| Financing Cash Flow | $213.56M | - | - | - | ($243.96M) | - | - | - | ($156.34M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -71.1% | - | 33.0% | -87.8% | 64.4% | - | -35.3% | -36.5% | -65.9% | - |
| EBITDA margin | -65.6% | - | 47.2% | -69.5% | 79.0% | - | -29.5% | -31.9% | -61.7% | - |
| Net margin | -28.7% | - | 33.0% | -87.8% | -71.3% | - | -35.3% | -36.5% | -210.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.5% | - | 12.3% | 15.9% | 11.5% | - | 11.6% | 11.7% | 11.1% | - |
| Effective tax rate | - | - | -0.0% | - | - | - | - | - | - | - |
| Return on assets | -0.2% | - | 0.3% | -0.8% | -0.7% | - | -0.3% | -0.3% | -1.9% | - |
| Return on equity | -0.8% | - | 0.9% | -2.1% | -2.0% | - | -1.0% | -1.1% | -6.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | 1.86 | - | - | - | 1.33 | - | - | - | 1.43 |
| Debt / Assets | - | 0.59 | - | - | - | 0.41 | - | - | - | 0.39 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.73 | 3.18 | 2.67 | 2.75 | 2.80 | 3.24 | 3.44 | 3.55 | 3.51 | 3.64 |
| Liabilities / Assets | 0.73 | 0.69 | 0.63 | 0.64 | 0.64 | 0.69 | 0.71 | 0.72 | 0.72 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.01 | 0.01 | 0.01 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.5x | - | 0.5x | 0.5x | 0.5x | - | 0.7x | 0.6x | 0.7x | - |
| P / S | 19.7x | - | 17.8x | 20.8x | 17.3x | - | 22.9x | 21.5x | 21.7x | - |
| EV / EBITDA | - | - | 25.1x | - | 11.2x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -10.0% | - | -15.3% | -25.2% | -20.0% | - | -30.3% | -32.8% | -29.5% | - |
| Revenue CAGR (3y) | -20.2% | - | -19.7% | -20.6% | -14.6% | - | -15.1% | -10.6% | -4.1% | - |
| Revenue CAGR (5y) | -8.7% | - | -8.8% | -6.9% | -6.7% | - | -3.4% | -5.0% | 5.7% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | -80.2% | - | - | - | -173.0% | -94.7% | - |
| Net income growth (YoY) | 63.8% | - | - | -80.2% | 72.9% | - | - | -178.7% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -9.2% | -5.7% | -7.6% | -10.1% | -9.8% | -13.7% | -17.5% | -15.8% | -16.3% | -16.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$54.83M totalReportable Segment$54.83M · 100.0%
Peer comparison
Same SIC group: Real Estate Investment Trusts
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-date | Per 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 |