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ACREAres Commercial Real Estate Corporation
$4.62$256M
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ACRE logoAres Commercial Real Estate Corporation(ACRE)Earnings, Financials & Key Ratios

ACRE•NYSE•REIT / Real Estate
Price updated Jun 19, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustryCommercial mortgage loan REITs
AboutAres Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities. The company has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was incorporated in 2011 and is based in New York, New York.Show more
  • Revenue$85M-2.8%
  • FFO$8M+125.3%
  • FFO/Share0.14+125.1%
  • FFO Payout520.15%+358.0%
  • FFO per Share0.14+125.1%
  • NOI Margin57.36%-42.6%
  • FFO Margin8.79%+126.1%
  • ROE-0.17%+97.1%
  • ROA-0.05%+96.9%

ACRE Key Insights

Ares Commercial Real Estate Corporation (ACRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.1x
  • ✗FFO declining 76.3% TTM
  • ✗Dividend exceeds FFO - may not be sustainable

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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ACRE Price & Volume

Ares Commercial Real Estate Corporation (ACRE) stock price & volume — 10-year historical chart

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ACRE Growth Metrics

Ares Commercial Real Estate Corporation (ACRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.12%
5 Years1.64%
3 Years-7.84%
TTM209.42%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-48.99%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-42.64%

Return on Capital

10 Years3.61%
5 Years2.73%
3 Years2.75%
Last Year5.83%

ACRE Recent Earnings

Ares Commercial Real Estate Corporation (ACRE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.06-25.0%
$0.08
Rev
$13M+15.7%
$12M
Q1 2026
Feb 10, 2026
Metric
Actual
Est
EPS
$0.15+1400.0%
$0.01
Rev
$13M+12.4%
$12M
Q4 2025
Nov 7, 2025
Metric
Actual
Est
EPS
$0.10+211.1%
$0.09
Rev
$16M+43.2%
$11M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.51-2450.0%
$0.02
Rev
$4M-138.2%
$11M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.06vs $0.08-25.0%
$13Mvs $12M+15.7%
Q1 2026Feb 10, 2026
$0.15vs $0.01+1400.0%
$13Mvs $12M+12.4%
Q4 2025Nov 7, 2025
$0.10vs $0.09+211.1%
$16Mvs $11M+43.2%
Q3 2025Aug 5, 2025
$0.51vs $0.02-2450.0%
$4Mvs $11M-138.2%
Based on last 12 quarters of dataView full earnings history →

ACRE Peer Comparison

Ares Commercial Real Estate Corporation (ACRE) competitors in Commercial mortgage loan REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BXMT logoBXMTBlackstone Mortgage Trust, Inc.Direct Competitor3.05B18.0928.27-13.96%6.75%2.93%4.61
RC logoRCReady Capital CorporationDirect Competitor289.13M1.75-1.2217.26%-290.69%-29.57%3.55
TRTX logoTRTXTPG RE Finance Trust, Inc.Direct Competitor664.85M8.6015.09123.25%23.2%5.7%3.08
GPMT logoGPMTGranite Point Mortgage Trust Inc.Direct Competitor63.25M1.32-1.14187.77%-30.49%-7.1%2.12
KREF logoKREFKKR Real Estate Finance Trust Inc.Direct Competitor453.96M7.06-6.72-22.72%-23.56%-8.4%3.83
BRSP logoBRSPBrightSpire Capital, Inc.Direct Competitor721.74M5.54-21.31-4.5%-9.47%-3.34%2.68
ARI logoARIApollo Commercial Real Estate Finance, Inc.Direct Competitor1.44B10.8313.371.28%17.9%6.88%4.27
LADR logoLADRLadder Capital CorpProduct Competitor1.3B10.2020-23.26%16.52%4.29%2.37

Compare ACRE vs Peers

Ares Commercial Real Estate Corporation (ACRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BXMT

Most directly comparable listed peer for ACRE.

Scale Benchmark

vs BX

Larger-name benchmark to compare ACRE against a more recognizable public peer.

Peer Set

Compare Top 5

vs BXMT, RC, TRTX, GPMT

ACRE Income Statement

Ares Commercial Real Estate Corporation (ACRE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
46.35M55.28M77.26M78.69M102.07M109.05M1.1M87.8M85.35M79.69M
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
6.57M7.42M0018.56M00036.4M23.89M
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
6.73M6.88M77.26M78.69M-40.89M109.05M26M24.97M-12.83M44.94M
G&A Expenses
6.73M6.88M7.21M7.38M7.76M10.17M26M24.97M9.8M10.04M
EBITDA
96.59M181.29M00100.4M0-24.89M62.84M70.19M18.08M
EBITDA Margin %
208.41%327.93%0%0%98.37%0%-2261.04%71.57%82.24%22.68%
Depreciation & Amortization
66.16M79.24M667K892K39.22M0008.4M7.21M
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
51.19M63M62.58M51.95M50.08M65.99M117.2M105.98M65.16M4M
Interest Coverage
0.61x0.62x-0.01x-0.02x2.29x--0.21x0.59x0.95x-
Non-Operating Income
-946K-446K667K892K-34.93M0-24.89M62.84M00
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
178K446K515K352K722K472K39K18K285K34K
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
3.384.111.310.682.340.57-0.72-0.540.14-0.23
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)
1.071.351.290.661.430.58-0.72-0.64-0.02-
Diluted Shares Outstanding
28.55M28.66M28.85M33.2M42.68M52.13M54.28M54.45M54.89M55.32M

ACRE Balance Sheet

Ares Commercial Real Estate Corporation (ACRE) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
1.77B1.6B1.78B1.93B2.63B2.52B2.28B1.75B1.62B1.84B
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
0015.69M8.21M0-27.94M-28.06M8.63M1.29B-76.85M
PP&E (Net)
0037.9M37.28M000115.32M113.28M0
Investment Securities
000001000K1000K1000K1000K1000K
Total Current Assets
001.73B1.88B0001.59B67.23M105.1M
Cash & Equivalents
28.34M11.09M5.26M74.78M50.62M141.28M110.46M63.8M29.29M86.16M
Receivables
945K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets
-945K-52.42M42.79M17.61M-181.8M-301.69M-174.21M10.6M20.17M0
Intangible Assets
000000023.71M16.88M0
Total Liabilities
1.35B1.18B1.36B1.46B1.95B1.78B1.65B1.21B1.11B1.34B
Total Debt
378.81M379.08M1.34B1.43B1.9B1.74B1.62B1.17B1.05B1.27B
Net Debt
350.46M367.99M1.33B1.36B1.85B1.6B1.51B1.11B1.02B1.19B
Long-Term Debt
1.34B415.36M624.49M1.15B1.08B1.03B1.62B812.63M189.28M1.05B
Short-Term Borrowings
744.51M36.28M711.13M277.51M819.4M705.23M0359.74M858.18M224.63M
Capital Lease Obligations
0000000000
Total Current Liabilities
744.92M541K724.16M292.17M0024.62M378.76M870.94M224.63M
Accounts Payable
414K541K00570K1.91M2.26M0257K0
Deferred Revenue
-10.76M-48.9M00000000
Other Liabilities
-1.34B-415.36M9.15M10.77M-1.08B-1.03B12.32M19.68M48.36M72.25M
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
419.17M425.59M426.34M473.01M678.63M747.54M625.85M540.13M509.57M492.42M
Minority Interest
1.31B1.15B00000000
Common Stock
283K283K283K329K465K537K532K532K532K532K
Additional Paid-in Capital
420.64M421.74M423.62M497.8M703.95M812.79M812.18M816.92M820.83M821.72M
Retained Earnings
-1.75M3.56M2.44M-25.12M-28.63M-73.33M-187.02M-277.36M-311.79M-329.84M
Preferred Stock
03.56M00000000
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
0.22x0.24x3.13x3.03x2.80x2.32x2.58x2.17x2.06x2.58x
Net Debt / EBITDA
3.63x2.03x--18.44x--17.64x14.51x65.58x
Book Value per Share
60.5054.8314.7814.2515.9014.3411.539.929.288.90

ACRE Cash Flow Statement

Ares Commercial Real Estate Corporation (ACRE) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
31.27M39.22M32.45M31.76M48.35M57.16M46.79M35.55M21.35M-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
30.43M38.6M36.99M21.84M60.46M29.79M-38.87M-34.99M-902K-19.85M
Depreciation & Amortization
7.61M5.72M667K892K9.89M005.41M4.63M4.28M
Stock-Based Compensation
581K1.1M1.88M1.34M1.94M2.88M3.99M4.74M3.9M1.96M
Other Non-Cash Items
1.03M-1.23M223K-104K2.3M39.58M101.18M66.15M18.25M35.06M
Working Capital Changes
-1.54M749K-6.64M-15.51M-16.35M-15.09M-19.51M-5.76M-4.53M-68.58M
Cash from Investing
-405.77M157.92M-174.43M-81.87M-699.68M193.17M127.46M427.91M148.14M-240.37M
Acquisitions (Net)
0000000000
Purchase of Investments
00-1.69M-274K-150K-27.87M000-835K
Sale of Investments
12K00002.08M000-19.94M
Other Investing
-405.77M157.92M-171.05M-81.32M-699.39M218.96M127.46M427.91M148.14M-219.61M
Cash from Financing
355.57M-214.4M136.14M119.25M627.17M-159.67M-205.07M-507.63M-168.63M288.88M
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-1000K1000K1000K1000K-1000K-1000K-1000K-1000K0
Share Repurchases
000000-4.6M000
Other Financing
-19.07M-2.32M-5.82M-5.37M-13.39M-4.63M-4.05M-3.74M0-223K
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
0000000000
Cash at Beginning
47.27M28.72M11.47M5.63M74.78M50.62M141.28M110.46M66.29M67.16M
Cash at End
28.34M11.47M5.63M74.78M50.62M141.28M110.46M66.29M67.16M134.33M
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%

ACRE Key Ratios

Ares Commercial Real Estate Corporation (ACRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
FFO per Share
3.384.111.310.682.340.57-0.72-0.540.14-0.23
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
3.63x2.03x--18.44x--17.64x14.51x65.58x
Debt / Assets
21.4%23.64%74.86%74.17%72.29%68.83%70.93%66.95%64.73%69.25%
Interest Coverage
0.61x0.62x-0.01x-0.02x2.29x--0.21x0.59x0.95x-
Book Value / Share
60.554.8314.7814.2515.914.3411.539.929.288.9
Revenue Growth
2.75%19.28%39.75%1.85%29.71%6.84%-98.99%7874.75%-2.79%209.42%
Related:ACRE Dividend History·ACRE Revenue History·ACRE Price History·ACRE P/E History·ACRE Financial Ratios·ACRE Institutional Holders

ACRE SEC Filings & Documents

Ares Commercial Real Estate Corporation (ACRE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Mar 30, 2026·SEC

Material company update

Mar 16, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 10, 2026·SEC

FY 2025

Feb 12, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 5, 2025·SEC

ACRE Frequently Asked Questions

Ares Commercial Real Estate Corporation (ACRE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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.

Dividend & Returns

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.

Industry Metrics

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.

What if you invested $1,000 in ACRE back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

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How much would $100/month in ACRE be worth today?

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