ACRE
Ares Commercial Real Estate Corporation
REIT - Mortgage
Market Cap$287M
5Y Perf.-29.9%
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Stock Comparison
ACRE vs TRTX
Revenue, margins, valuation, and 5-year total return — side by side.
TRTX
TPG RE Finance Trust, Inc.
REIT - Mortgage
Market Cap$664M
5Y Perf.+15.9%
ACRE vs TRTX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ACRE | TRTX |
|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $287M | $664M |
| Revenue (TTM) | $56M | $264M |
| Net Income (TTM) | $-902K | $61M |
| Gross Margin | 75.1% | 78.5% |
| Operating Margin | 60.4% | 51.0% |
| Forward P/E | 16.9x | 8.2x |
| Total Debt | $1.05B | $3.29B |
| Cash & Equiv. | $29M | $88M |
ACRE vs TRTX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
ACRE
TRTX
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Ares Commercial Rea… (ACRE) | 100 | 70.1 | -29.9% |
| TPG RE Finance Trus… (TRTX) | 100 | 115.9 | +15.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ACRE vs TRTX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TRTX leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Ares Commercial Real Estate Corporation is the stronger pick specifically for dividend income and shareholder returns and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
ACRE
Ares Commercial Real Estate Corporation
The Real Estate Income Play
ACRE is the clearest fit if your priority is long-term compounding.
- 45.0% 10Y total return vs TRTX's -1.4%
- 13.6% yield, vs TRTX's 13.3%
- +41.3% vs TRTX's +27.8%
Best for: long-term compounding
TRTX
TPG RE Finance Trust, Inc.
The Real Estate Income Play
TRTX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 0.78, yield 13.3%
- Rev growth 123.3%, EPS growth -26.0%, 3Y rev CAGR 2.8%
- Lower volatility, beta 0.78, current ratio 0.18x
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TRTX | 123.3% FFO/revenue growth vs ACRE's -2.8% |
| Value | TRTX | Lower P/E (8.2x vs 16.9x) |
| Quality / Margins | TRTX | 23.2% margin vs ACRE's -1.6% |
| Stability / Safety | TRTX | Beta 0.78 vs ACRE's 0.99 |
| Dividends | ACRE | 13.6% yield, vs TRTX's 13.3% |
| Momentum (1Y) | ACRE | +41.3% vs TRTX's +27.8% |
| Efficiency (ROA) | TRTX | 1.4% ROA vs ACRE's -0.1%, ROIC 4.7% vs 2.9% |
ACRE vs TRTX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
ACRE vs TRTX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTRTXLAGGINGACRE
ACREAres Commercial Real …
1leads
TRTXTPG RE Finance Trust,…
2leads
6 Total Categories
CATEGORYLEADERvs ACREMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
ACRE4/6
Valuation MetricsMultiples, price ratios, and targets
TRTX4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TRTX6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
ACRE leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TRTX is the larger business by revenue, generating $264M annually — 4.7x ACRE's $56M. TRTX is the more profitable business, keeping 23.2% of every revenue dollar as net income compared to ACRE's -1.6%. On growth, ACRE holds the edge at +60.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|
| RevenueTrailing 12 months | $56M | $264M |
| EBITDAEarnings before interest/tax | $40M | $144M |
| Net IncomeAfter-tax profit | -$902,000 | $61M |
| Free Cash FlowCash after capex | $21M | $96M |
| Gross MarginGross profit ÷ Revenue | +75.1% | +78.5% |
| Operating MarginEBIT ÷ Revenue | +60.4% | +51.0% |
| Net MarginNet income ÷ Revenue | -1.6% | +23.2% |
| FCF MarginFCF ÷ Revenue | +37.5% | +36.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +60.8% | -4.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +65.0% | +58.3% |
ACRE leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
TRTX leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, TRTX's 15.1x EV/EBITDA is more attractive than ACRE's 18.6x.
| Metric | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|
| Market CapShares × price | $287M | $664M |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $3.9B |
| Trailing P/EPrice ÷ TTM EPS | -318.29x | 15.07x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.89x | 8.18x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 18.60x | 15.13x |
| Price / SalesMarket cap ÷ Revenue | 3.37x | 2.00x |
| Price / BookPrice ÷ Book value/share | 0.56x | 0.64x |
| Price / FCFMarket cap ÷ FCF | 13.45x | 7.35x |
TRTX leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
TRTX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
TRTX delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-0 for ACRE. ACRE carries lower financial leverage with a 2.06x debt-to-equity ratio, signaling a more conservative balance sheet compared to TRTX's 3.08x. On the Piotroski fundamental quality scale (0–9), TRTX scores 6/9 vs ACRE's 5/9, reflecting solid financial health.
| Metric | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|
| ROE (TTM)Return on equity | -0.2% | +5.7% |
| ROA (TTM)Return on assets | -0.1% | +1.4% |
| ROICReturn on invested capital | +2.9% | +4.7% |
| ROCEReturn on capital employed | +5.2% | +7.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 2.06x | 3.08x |
| Net DebtTotal debt minus cash | -$29M | $3.2B |
| Cash & Equiv.Liquid assets | $29M | $88M |
| Total DebtShort + long-term debt | $1.0B | $3.3B |
| Interest CoverageEBIT ÷ Interest expense | 0.95x | 1.32x |
TRTX leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — ACRE and TRTX each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TRTX five years ago would be worth $10,323 today (with dividends reinvested), compared to $7,177 for ACRE. Over the past 12 months, ACRE leads with a +41.3% total return vs TRTX's +27.8%. The 3-year compound annual growth rate (CAGR) favors TRTX at 27.1% vs ACRE's -0.8% — a key indicator of consistent wealth creation.
| Metric | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|
| YTD ReturnYear-to-date | +13.5% | +0.1% |
| 1-Year ReturnPast 12 months | +41.3% | +27.8% |
| 3-Year ReturnCumulative with dividends | -2.3% | +105.2% |
| 5-Year ReturnCumulative with dividends | -28.2% | +3.2% |
| 10-Year ReturnCumulative with dividends | +45.0% | -1.4% |
| CAGR (3Y)Annualised 3-year return | -0.8% | +27.1% |
Evenly matched — ACRE and TRTX each lead in 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — ACRE and TRTX each lead in 1 of 2 comparable metrics.
Risk & Volatility
TRTX is the less volatile stock with a 0.78 beta — it tends to amplify market swings less than ACRE's 0.99 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.99x | 0.78x |
| 52-Week HighHighest price in past year | $5.89 | $9.85 |
| 52-Week LowLowest price in past year | $4.05 | $7.44 |
| % of 52W HighCurrent price vs 52-week peak | +88.6% | +87.2% |
| RSI (14)Momentum oscillator 0–100 | 52.4 | 59.5 |
| Avg Volume (50D)Average daily shares traded | 392K | 663K |
Evenly matched — ACRE and TRTX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — ACRE and TRTX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates ACRE as "Buy" and TRTX as "Buy". Consensus price targets imply 16.4% upside for TRTX (target: $10) vs -4.2% for ACRE (target: $5). For income investors, ACRE offers the higher dividend yield at 13.62% vs TRTX's 13.35%.
| Metric | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $5.00 | $10.00 |
| # AnalystsCovering analysts | 13 | 11 |
| Dividend YieldAnnual dividend ÷ price | +13.6% | +13.3% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | $0.71 | $1.15 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.8% |
Evenly matched — ACRE and TRTX each lead in 1 of 2 comparable metrics.
Key Takeaway
TRTX leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). ACRE leads in 1 (Income & Cash Flow). 3 tied.
Best OverallTPG RE Finance Trust, Inc. (TRTX)Leads 2 of 6 categories
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ACRE vs TRTX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ACRE or TRTX a better buy right now?
For growth investors, TPG RE Finance Trust, Inc.
(TRTX) is the stronger pick with 123. 3% revenue growth year-over-year, versus -2. 8% for Ares Commercial Real Estate Corporation (ACRE). TPG RE Finance Trust, Inc. (TRTX) offers the better valuation at 15. 1x trailing P/E (8. 2x forward), making it the more compelling value choice. Analysts rate Ares Commercial Real Estate Corporation (ACRE) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ACRE or TRTX?
On forward P/E, TPG RE Finance Trust, Inc.
is actually cheaper at 8. 2x.
03Which is the better long-term investment — ACRE or TRTX?
Over the past 5 years, TPG RE Finance Trust, Inc.
(TRTX) delivered a total return of +3. 2%, compared to -28. 2% for Ares Commercial Real Estate Corporation (ACRE). Over 10 years, the gap is even starker: ACRE returned +45. 0% versus TRTX's -1. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ACRE or TRTX?
By beta (market sensitivity over 5 years), TPG RE Finance Trust, Inc.
(TRTX) is the lower-risk stock at 0. 78β versus Ares Commercial Real Estate Corporation's 0. 99β — meaning ACRE is approximately 27% more volatile than TRTX relative to the S&P 500. On balance sheet safety, Ares Commercial Real Estate Corporation (ACRE) carries a lower debt/equity ratio of 2% versus 3% for TPG RE Finance Trust, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ACRE or TRTX?
By revenue growth (latest reported year), TPG RE Finance Trust, Inc.
(TRTX) is pulling ahead at 123. 3% versus -2. 8% for Ares Commercial Real Estate Corporation (ACRE). On earnings-per-share growth, the picture is similar: Ares Commercial Real Estate Corporation grew EPS 97. 4% year-over-year, compared to -26. 0% for TPG RE Finance Trust, Inc.. Over a 3-year CAGR, TRTX leads at 2. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ACRE or TRTX?
TPG RE Finance Trust, Inc.
(TRTX) is the more profitable company, earning 18. 1% net margin versus -1. 1% for Ares Commercial Real Estate Corporation — meaning it keeps 18. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRTX leads at 73. 0% versus 72. 4% for ACRE. At the gross margin level — before operating expenses — TRTX leads at 79. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ACRE or TRTX more undervalued right now?
On forward earnings alone, TPG RE Finance Trust, Inc.
(TRTX) trades at 8. 2x forward P/E versus 16. 9x for Ares Commercial Real Estate Corporation — 8. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TRTX: 16. 4% to $10. 00.
08Which pays a better dividend — ACRE or TRTX?
All stocks in this comparison pay dividends.
Ares Commercial Real Estate Corporation (ACRE) offers the highest yield at 13. 6%, versus 13. 3% for TPG RE Finance Trust, Inc. (TRTX).
09Is ACRE or TRTX better for a retirement portfolio?
For long-horizon retirement investors, TPG RE Finance Trust, Inc.
(TRTX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 78), 13. 3% yield). Both have compounded well over 10 years (TRTX: -1. 4%, ACRE: +45. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ACRE and TRTX?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ACRE is a small-cap income-oriented stock; TRTX is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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