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Ares Commercial Real Estate Corporation (ACRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Ares Commercial Real Estate Corporation (ACRE) stock price & volume — 10-year historical chart
Ares Commercial Real Estate Corporation (ACRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ares Commercial Real Estate Corporation (ACRE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.06vs $0.08-25.0% | $13Mvs $12M+15.7% |
| Q1 2026 | Feb 10, 2026 | $0.15vs $0.01+1400.0% | $13Mvs $12M+12.4% |
| Q4 2025 | Nov 7, 2025 | $0.10vs $0.09+211.1% | $16Mvs $11M+43.2% |
| Q3 2025 | Aug 5, 2025 | $0.51vs $0.02-2450.0% | $4Mvs $11M-138.2% |
Ares Commercial Real Estate Corporation (ACRE) competitors in Commercial mortgage loan REITs — business model, growth, and fundamentals comparison
Ares Commercial Real Estate Corporation (ACRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ares Commercial Real Estate Corporation (ACRE) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 46.35M | 55.28M | 77.26M | 78.69M | 102.07M | 109.05M | 1.1M | 87.8M | 85.35M | 79.69M |
Revenue Growth % | 2.75% | 19.28% | 39.75% | 1.85% | 29.71% | 6.84% | -98.99% | 7874.75% | -2.79% | 209.42% |
Property Operating Expenses | 6.57M | 7.42M | 0 | 0 | 18.56M | 0 | 0 | 0 | 36.4M | 23.89M |
Net Operating Income (NOI) | 39.78M▲ 0% | 47.86M▲ 20.3% | 77.26M▲ 61.4% | 78.69M▲ 1.8% | 83.51M▲ 6.1% | 109.05M▲ 30.6% | 1.1M▼ 99.0% | 87.8M▲ 7874.8% | 48.95M▼ 44.2% | 74.79M▲ 0% |
NOI Margin % | 85.83% | 86.58% | 100% | 100% | 81.82% | 100% | 100% | 100% | 57.36% | 93.85% |
Operating Expenses | 6.73M | 6.88M | 77.26M | 78.69M | -40.89M | 109.05M | 26M | 24.97M | -12.83M | 44.94M |
G&A Expenses | 6.73M | 6.88M | 7.21M | 7.38M | 7.76M | 10.17M | 26M | 24.97M | 9.8M | 10.04M |
EBITDA | 96.59M | 181.29M | 0 | 0 | 100.4M | 0 | -24.89M | 62.84M | 70.19M | 18.08M |
EBITDA Margin % | 208.41% | 327.93% | 0% | 0% | 98.37% | 0% | -2261.04% | 71.57% | 82.24% | 22.68% |
Depreciation & Amortization | 66.16M | 79.24M | 667K | 892K | 39.22M | 0 | 0 | 0 | 8.4M | 7.21M |
D&A / Revenue % | 142.75% | 143.34% | 0.86% | 1.13% | 38.43% | 0% | 0% | 0% | 9.84% | 9.05% |
Operating Income | 30.43M▲ 0% | 102.04M▲ 235.3% | 0▼ 100.0% | 0▲ 0% | 61.18M▲ 0% | 0▼ 100.0% | -24.89M▲ 0% | 62.84M▲ 352.4% | 61.78M▼ 1.7% | 10.86M▲ 0% |
Operating Margin % | 65.66% | 184.59% | 0% | 0% | 59.94% | 0% | -2261.04% | 71.57% | 72.39% | 13.63% |
Interest Expense | 51.19M | 63M | 62.58M | 51.95M | 50.08M | 65.99M | 117.2M | 105.98M | 65.16M | 4M |
Interest Coverage | 0.61x | 0.62x | -0.01x | -0.02x | 2.29x | - | -0.21x | 0.59x | 0.95x | - |
Non-Operating Income | -946K | -446K | 667K | 892K | -34.93M | 0 | -24.89M | 62.84M | 0 | 0 |
Pretax Income | 30.61M▲ 0% | 39.04M▲ 27.5% | 37.51M▼ 3.9% | 22.19M▼ 40.8% | 61.18M▲ 175.7% | 30.26M▼ 50.5% | 38.91M▲ 28.6% | 35.01M▼ 10.0% | -617K▼ 101.8% | -19.82M▲ 0% |
Pretax Margin % | 66.04% | 70.62% | 48.55% | 28.2% | 59.94% | 27.75% | 3533.7% | 39.87% | -0.72% | -24.87% |
Income Tax | 178K | 446K | 515K | 352K | 722K | 472K | 39K | 18K | 285K | 34K |
Effective Tax Rate % | 0.58% | 1.14% | 1.37% | 1.59% | 1.18% | 1.56% | 0.1% | 0.05% | -46.19% | -0.17% |
Net Income | 30.41M▲ 0% | 38.6M▲ 26.9% | 36.99M▼ 4.2% | 21.84M▼ 41.0% | 60.46M▲ 176.8% | 29.79M▼ 50.7% | -38.87M▼ 230.5% | -34.99M▲ 10.0% | -902K▲ 97.4% | -19.85M▲ 0% |
Net Margin % | 65.61% | 69.82% | 47.88% | 27.76% | 59.23% | 27.31% | -3530.15% | -39.85% | -1.06% | -24.91% |
Net Income Growth % | -24.62% | 26.93% | -4.16% | -40.96% | 176.83% | -50.74% | -230.49% | 9.97% | 97.42% | -48.99% |
Funds From Operations (FFO) | 96.57M▲ 0% | 117.84M▲ 22.0% | 37.66M▼ 68.0% | 22.73M▼ 39.6% | 99.68M▲ 338.5% | 29.79M▼ 70.1% | -38.87M▼ 230.5% | -29.59M▲ 23.9% | 7.5M▲ 125.3% | -12.64M▲ 0% |
FFO Margin % | 208.36% | 213.16% | 48.74% | 28.89% | 97.66% | 27.31% | -3530.15% | -33.7% | 8.79% | -15.86% |
FFO Growth % | 5.41% | 22.02% | -68.04% | -39.64% | 338.51% | - | - | - | 125.35% | 74.92% |
FFO per Share | 3.38 | 4.11 | 1.31 | 0.68 | 2.34 | 0.57 | -0.72 | -0.54 | 0.14 | -0.23 |
FFO Payout Ratio % | 31.62% | 27.23% | 99.55% | 188.13% | 58.61% | 241.08% | -186.91% | -201.58% | 520.15% | -198.5% |
EPS (Diluted) | 1.07▲ 0% | 1.35▲ 26.2% | 1.28▼ 5.2% | 0.66▼ 48.4% | 1.42▲ 115.2% | 0.57▼ 59.9% | -0.72▼ 226.3% | -0.64▲ 11.1% | -0.02▲ 97.4% | -0.36▲ 0% |
EPS Growth % | -24.11% | 26.17% | -5.19% | -48.44% | 115.15% | -59.86% | -226.32% | 11.11% | 97.44% | -42.64% |
EPS (Basic) | 1.07 | 1.35 | 1.29 | 0.66 | 1.43 | 0.58 | -0.72 | -0.64 | -0.02 | - |
Diluted Shares Outstanding | 28.55M | 28.66M | 28.85M | 33.2M | 42.68M | 52.13M | 54.28M | 54.45M | 54.89M | 55.32M |
Ares Commercial Real Estate Corporation (ACRE) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 1.77B | 1.6B | 1.78B | 1.93B | 2.63B | 2.52B | 2.28B | 1.75B | 1.62B | 1.84B |
Asset Growth % | 28.86% | -9.43% | 11.28% | 8.15% | 36.4% | -4.14% | -9.64% | -23.19% | -7.6% | -45.53% |
Real Estate & Other Assets | 0 | 0 | 15.69M | 8.21M | 0 | -27.94M | -28.06M | 8.63M | 1.29B | -76.85M |
PP&E (Net) | 0 | 0 | 37.9M | 37.28M | 0 | 0 | 0 | 115.32M | 113.28M | 0 |
Investment Securities | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 0 | 0 | 1.73B | 1.88B | 0 | 0 | 0 | 1.59B | 67.23M | 105.1M |
Cash & Equivalents | 28.34M | 11.09M | 5.26M | 74.78M | 50.62M | 141.28M | 110.46M | 63.8M | 29.29M | 86.16M |
Receivables | 945K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | -945K | -52.42M | 42.79M | 17.61M | -181.8M | -301.69M | -174.21M | 10.6M | 20.17M | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.71M | 16.88M | 0 |
Total Liabilities | 1.35B | 1.18B | 1.36B | 1.46B | 1.95B | 1.78B | 1.65B | 1.21B | 1.11B | 1.34B |
Total Debt | 378.81M | 379.08M | 1.34B | 1.43B | 1.9B | 1.74B | 1.62B | 1.17B | 1.05B | 1.27B |
Net Debt | 350.46M | 367.99M | 1.33B | 1.36B | 1.85B | 1.6B | 1.51B | 1.11B | 1.02B | 1.19B |
Long-Term Debt | 1.34B | 415.36M | 624.49M | 1.15B | 1.08B | 1.03B | 1.62B | 812.63M | 189.28M | 1.05B |
Short-Term Borrowings | 744.51M | 36.28M | 711.13M | 277.51M | 819.4M | 705.23M | 0 | 359.74M | 858.18M | 224.63M |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 744.92M | 541K | 724.16M | 292.17M | 0 | 0 | 24.62M | 378.76M | 870.94M | 224.63M |
Accounts Payable | 414K | 541K | 0 | 0 | 570K | 1.91M | 2.26M | 0 | 257K | 0 |
Deferred Revenue | -10.76M | -48.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | -1.34B | -415.36M | 9.15M | 10.77M | -1.08B | -1.03B | 12.32M | 19.68M | 48.36M | 72.25M |
Total Equity | 1.73B▲ 0% | 1.57B▼ 9.0% | 426.34M▼ 72.9% | 473.01M▲ 10.9% | 678.63M▲ 43.5% | 747.54M▲ 10.2% | 625.85M▼ 16.3% | 540.13M▼ 13.7% | 509.57M▼ 5.7% | 492.42M▲ 0% |
Equity Growth % | 301.98% | -9.03% | -72.87% | 10.95% | 43.47% | 10.15% | -16.28% | -13.7% | -5.66% | -32.48% |
Shareholders Equity | 419.17M | 425.59M | 426.34M | 473.01M | 678.63M | 747.54M | 625.85M | 540.13M | 509.57M | 492.42M |
Minority Interest | 1.31B | 1.15B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 283K | 283K | 283K | 329K | 465K | 537K | 532K | 532K | 532K | 532K |
Additional Paid-in Capital | 420.64M | 421.74M | 423.62M | 497.8M | 703.95M | 812.79M | 812.18M | 816.92M | 820.83M | 821.72M |
Retained Earnings | -1.75M | 3.56M | 2.44M | -25.12M | -28.63M | -73.33M | -187.02M | -277.36M | -311.79M | -329.84M |
Preferred Stock | 0 | 3.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 1.93% | 2.29% | 2.18% | 1.18% | 2.65% | 1.16% | -1.62% | -1.74% | -0.05% | -1.26% |
Return on Equity (ROE) | 2.82% | 2.34% | 3.7% | 4.86% | 10.5% | 4.18% | -5.66% | -6% | -0.17% | -3.88% |
Debt / Assets | 21.4% | 23.64% | 74.86% | 74.17% | 72.29% | 68.83% | 70.93% | 66.95% | 64.73% | 69.25% |
Debt / Equity | 0.22x | 0.24x | 3.13x | 3.03x | 2.80x | 2.32x | 2.58x | 2.17x | 2.06x | 2.58x |
Net Debt / EBITDA | 3.63x | 2.03x | - | - | 18.44x | - | - | 17.64x | 14.51x | 65.58x |
Book Value per Share | 60.50 | 54.83 | 14.78 | 14.25 | 15.90 | 14.34 | 11.53 | 9.92 | 9.28 | 8.90 |
Ares Commercial Real Estate Corporation (ACRE) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 31.27M | 39.22M | 32.45M | 31.76M | 48.35M | 57.16M | 46.79M | 35.55M | 21.35M | -43.26M |
Operating CF Growth % | 266.27% | 25.41% | -17.25% | -2.13% | 52.23% | 18.22% | -18.14% | -24.02% | -39.93% | -939.48% |
Operating CF / Revenue % | 67.47% | 70.94% | 42% | 40.36% | 47.37% | 52.42% | 4249.68% | 40.49% | 25.02% | -54.29% |
Net Income | 30.43M | 38.6M | 36.99M | 21.84M | 60.46M | 29.79M | -38.87M | -34.99M | -902K | -19.85M |
Depreciation & Amortization | 7.61M | 5.72M | 667K | 892K | 9.89M | 0 | 0 | 5.41M | 4.63M | 4.28M |
Stock-Based Compensation | 581K | 1.1M | 1.88M | 1.34M | 1.94M | 2.88M | 3.99M | 4.74M | 3.9M | 1.96M |
Other Non-Cash Items | 1.03M | -1.23M | 223K | -104K | 2.3M | 39.58M | 101.18M | 66.15M | 18.25M | 35.06M |
Working Capital Changes | -1.54M | 749K | -6.64M | -15.51M | -16.35M | -15.09M | -19.51M | -5.76M | -4.53M | -68.58M |
Cash from Investing | -405.77M | 157.92M | -174.43M | -81.87M | -699.68M | 193.17M | 127.46M | 427.91M | 148.14M | -240.37M |
Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | 0 | 0 | -1.69M | -274K | -150K | -27.87M | 0 | 0 | 0 | -835K |
Sale of Investments | 12K | 0 | 0 | 0 | 0 | 2.08M | 0 | 0 | 0 | -19.94M |
Other Investing | -405.77M | 157.92M | -171.05M | -81.32M | -699.39M | 218.96M | 127.46M | 427.91M | 148.14M | -219.61M |
Cash from Financing | 355.57M | -214.4M | 136.14M | 119.25M | 627.17M | -159.67M | -205.07M | -507.63M | -168.63M | 288.88M |
Dividends Paid | -30.53M | -32.09M | -37.49M | -42.77M | -58.42M | -71.81M | -75.95M | -59.64M | -39.01M | -33.53M |
Common Dividends | -30.53M | -32.09M | -37.49M | -42.77M | -58.42M | -71.81M | -72.65M | -59.64M | -39.01M | -25.09M |
Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -4.6M | 0 | 0 | 0 |
Other Financing | -19.07M | -2.32M | -5.82M | -5.37M | -13.39M | -4.63M | -4.05M | -3.74M | 0 | -223K |
Net Change in Cash | -18.93M▲ 0% | -17.25M▲ 8.8% | -5.83M▲ 66.2% | 69.14M▲ 1285.3% | -24.16M▼ 134.9% | 90.66M▲ 475.2% | -30.82M▼ 134.0% | -44.16M▼ 43.3% | 863K▲ 102.0% | 5.25M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 47.27M | 28.72M | 11.47M | 5.63M | 74.78M | 50.62M | 141.28M | 110.46M | 66.29M | 67.16M |
Cash at End | 28.34M | 11.47M | 5.63M | 74.78M | 50.62M | 141.28M | 110.46M | 66.29M | 67.16M | 134.33M |
Free Cash Flow | 31.27M▲ 0% | 39.22M▲ 25.4% | 30.77M▼ 21.6% | 31.49M▲ 2.3% | 48.21M▲ 53.1% | 57.16M▲ 18.6% | 46.79M▼ 18.1% | 35.55M▼ 24.0% | 19.72M▼ 44.5% | -43.94M▲ 0% |
FCF Growth % | 282.11% | 25.41% | -21.55% | 2.35% | 53.09% | 18.57% | -18.14% | -24.02% | -44.52% | -236.61% |
FCF / Revenue % | 67.47% | 70.94% | 39.82% | 40.02% | 47.23% | 52.42% | 4249.68% | 40.49% | 23.11% | -55.14% |
Ares Commercial Real Estate Corporation (ACRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 3.38 | 4.11 | 1.31 | 0.68 | 2.34 | 0.57 | -0.72 | -0.54 | 0.14 | -0.23 |
FFO Payout Ratio | 31.62% | 27.23% | 99.55% | 188.13% | 58.61% | 241.08% | -186.91% | -201.58% | 520.15% | -198.5% |
NOI Margin | 85.83% | 86.58% | 100% | 100% | 81.82% | 100% | 100% | 100% | 57.36% | 93.85% |
Net Debt / EBITDA | 3.63x | 2.03x | - | - | 18.44x | - | - | 17.64x | 14.51x | 65.58x |
Debt / Assets | 21.4% | 23.64% | 74.86% | 74.17% | 72.29% | 68.83% | 70.93% | 66.95% | 64.73% | 69.25% |
Interest Coverage | 0.61x | 0.62x | -0.01x | -0.02x | 2.29x | - | -0.21x | 0.59x | 0.95x | - |
Book Value / Share | 60.5 | 54.83 | 14.78 | 14.25 | 15.9 | 14.34 | 11.53 | 9.92 | 9.28 | 8.9 |
Revenue Growth | 2.75% | 19.28% | 39.75% | 1.85% | 29.71% | 6.84% | -98.99% | 7874.75% | -2.79% | 209.42% |
Ares Commercial Real Estate Corporation (ACRE) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
Mar 30, 2026·SEC
Mar 16, 2026·SEC
Ares Commercial Real Estate Corporation (ACRE) stock FAQ — growth, dividends, profitability & financials explained
Ares Commercial Real Estate Corporation (ACRE) reported $79.7M in revenue for fiscal year 2025. This represents a 1103% increase from $6.6M in 2012.
Ares Commercial Real Estate Corporation (ACRE) saw revenue decline by 2.8% over the past year.
Ares Commercial Real Estate Corporation (ACRE) reported a net loss of $19.9M for fiscal year 2025.
Yes, Ares Commercial Real Estate Corporation (ACRE) pays a dividend with a yield of 15.38%. This makes it attractive for income-focused investors.
Ares Commercial Real Estate Corporation (ACRE) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.
Ares Commercial Real Estate Corporation (ACRE) generated Funds From Operations (FFO) of $-12.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Ares Commercial Real Estate Corporation (ACRE) offers a 15.38% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.