Ares Commercial Real Estate Corporation (ACRE) Financial Ratios
14 years of historical data (2012–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↓
18.60
+10% vs avg
5yr avg: 16.90
30Y Low3.3·High42.5
P/FCF
↓
13.45
↑+21% vs avg
5yr avg: 11.12
30Y Low1.2·High55.2
P/B Ratio
↓
0.56
↓-23% vs avg
5yr avg: 0.73
30Y Low0.2·High1.1
ROE
↓
-0.2%
↑-130% vs avg
5yr avg: 0.6%
30Y Low-6%·High10%
Debt/EBITDA
↓
14.92
↓-15% vs avg
5yr avg: 17.51
30Y Low1.8·High33.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ACRE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ares Commercial Real Estate Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 13.5x P/FCF, 21% above the 5-year average of 11.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $287M | $262M | $321M | $562M | $536M | $621M | $395M | $457M | $374M | $368M | $392M |
| Enterprise Value | $1.3B | $233M | $1.4B | $2.1B | $2.1B | $2.5B | $1.8B | $1.8B | $742M | $719M | $494M |
| P/E Ratio → | -318.29 | — | — | — | 18.05 | 10.24 | 18.05 | 12.38 | 9.66 | 12.06 | 9.74 |
| P/S Ratio | 3.37 | 3.07 | 3.65 | 510.77 | 4.92 | 6.08 | 5.02 | 5.91 | 6.76 | 7.95 | 8.68 |
| P/B Ratio | 0.56 | 0.51 | 0.59 | 0.90 | 0.72 | 0.91 | 0.84 | 1.07 | 0.24 | 0.21 | 0.91 |
| P/FCF | 13.45 | 12.29 | 9.02 | 12.02 | 9.38 | 12.87 | 12.56 | 14.85 | 9.53 | 11.78 | 47.85 |
| P/OCF | 13.45 | 12.29 | 9.02 | 12.02 | 9.38 | 12.84 | 12.45 | 14.08 | 9.53 | 11.78 | 45.87 |
P/E links to full P/E history page with 30-year chart
ACRE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ares Commercial Real Estate Corporation's enterprise value stands at 18.6x EBITDA, 10% above its 5-year average of 16.9x. The Real Estate sector median is 16.7x, placing the stock at a 11% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.73 | 16.28 | 1879.10 | 19.55 | 24.22 | 22.26 | 23.13 | 13.42 | 15.51 | 10.96 |
| EV / EBITDA | 18.60 | 3.32 | 22.75 | — | — | 24.63 | — | — | 4.09 | 7.44 | 6.05 |
| EV / EBIT | 21.13 | 3.77 | — | — | — | 21.56 | — | — | 19.00 | 22.91 | 16.11 |
| EV / FCF | — | 10.91 | 40.21 | 44.22 | 37.29 | 51.29 | 55.63 | 58.09 | 18.91 | 22.98 | 60.39 |
ACRE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ares Commercial Real Estate Corporation earns an operating margin of 72.4%, significantly above the Real Estate sector average of 26.0%. Operating margins have expanded from -2261.0% to 72.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -0.2% indicates the company is currently destroying shareholder equity. ROIC of 2.9% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.2% | 67.2% | 100.0% | 100.0% | 100.0% | 81.8% | 100.0% | 100.0% | 86.6% | 85.8% | 86.4% |
| Operating Margin | 72.4% | 72.4% | 71.6% | -2261.0% | — | 59.9% | — | — | 184.6% | 65.7% | 67.5% |
| Net Profit Margin | -1.1% | -1.1% | -39.9% | -3530.2% | 27.3% | 59.2% | 27.8% | 47.9% | 69.8% | 65.6% | 89.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | -6.0% | -5.7% | 4.2% | 10.5% | 4.9% | 3.7% | 2.3% | 2.8% | 9.1% |
| ROA | -0.1% | -0.1% | -1.7% | -1.6% | 1.2% | 2.7% | 1.2% | 2.2% | 2.3% | 1.9% | 2.9% |
| ROIC | 2.9% | 2.9% | 2.5% | -0.8% | — | 2.1% | — | — | 3.8% | 1.7% | 2.8% |
| ROCE | 5.2% | 5.2% | 3.5% | -1.0% | — | 2.7% | — | — | 7.8% | 3.3% | 3.3% |
ACRE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ares Commercial Real Estate Corporation carries a Debt/EBITDA ratio of 14.9x, which is highly leveraged (90% above the sector average of 7.9x). The company holds a net cash position — cash of $29M exceeds total debt of $1.0B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.06 | 2.06 | 2.17 | 2.58 | 2.32 | 2.80 | 3.03 | 3.13 | 0.24 | 0.22 | 0.35 |
| Debt / EBITDA | 14.92 | 14.92 | 18.66 | — | — | 18.95 | — | — | 2.09 | 3.92 | 1.83 |
| Net Debt / Equity | — | -0.06 | 2.05 | 2.41 | 2.13 | 2.73 | 2.87 | 3.12 | 0.23 | 0.20 | 0.24 |
| Net Debt / EBITDA | -0.42 | -0.42 | 17.64 | — | — | 18.44 | — | — | 2.03 | 3.63 | 1.26 |
| Debt / FCF | — | -1.37 | 31.18 | 32.20 | 27.91 | 38.42 | 43.07 | 43.24 | 9.38 | 11.21 | 12.54 |
| Interest Coverage | 0.95 | 0.95 | 0.59 | -0.21 | — | 1.22 | — | — | 1.62 | 0.59 | 0.83 |
Net cash position: cash ($29M) exceeds total debt ($1.0B)
ACRE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.08x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 4.21x to 0.08x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.08 | 0.08 | 4.21 | — | — | — | 6.45 | 2.39 | — | — | — |
| Quick Ratio | 0.08 | 0.08 | 4.21 | — | — | — | 6.45 | 2.39 | — | — | — |
| Cash Ratio | 0.05 | 0.05 | 0.17 | 5.63 | — | — | 0.26 | 0.01 | 20.50 | 0.04 | 0.08 |
| Asset Turnover | — | 0.05 | 0.05 | 0.00 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ACRE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ares Commercial Real Estate Corporation returns 13.6% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.6% | 14.9% | 18.6% | 12.9% | 13.4% | 9.4% | 10.8% | 8.2% | 8.6% | 8.3% | 7.5% |
| Payout Ratio | — | — | — | — | 241.1% | 96.6% | 195.8% | 101.3% | 83.1% | 100.4% | 72.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 5.5% | 9.8% | 5.5% | 8.1% | 10.4% | 8.3% | 10.3% |
| FCF Yield | 7.4% | 8.1% | 11.1% | 8.3% | 10.7% | 7.8% | 8.0% | 6.7% | 10.5% | 8.5% | 2.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% |
| Total Shareholder Yield | 13.6% | 14.9% | 18.6% | 13.7% | 13.4% | 9.4% | 10.8% | 8.2% | 8.6% | 8.3% | 7.9% |
| Shares Outstanding | — | $55M | $54M | $54M | $52M | $43M | $33M | $29M | $29M | $29M | $29M |
Peer Comparison
Compare ACRE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ACREYou | $287M | -318.3 | 18.6 | 13.5 | 67.2% | 72.4% | -0.2% | 2.9% | 14.9 |
 BXMT | $3B | 30.1 | 16.4 | 11.8 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 RC | $330M | -0.8 | — | — | 100.0% | — | -19.0% | — | — |
 TRTX | $664M | 15.1 | 15.1 | 7.3 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 GPMT | $71M | -1.3 | 20.7 | 26.6 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 KREF | $422M | -6.3 | 18.3 | 6.3 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
 BRSP | $775M | -22.9 | 19.0 | 10.6 | 49.6% | 39.5% | -3.2% | 3.0% | 14.8 |
 ARI | $1B | 13.5 | 19.4 | 34.4 | 80.1% | 65.4% | 6.8% | 4.0% | 16.7 |
 LADR | $1B | 20.2 | 17.3 | 15.0 | 71.8% | 62.0% | 4.3% | 4.4% | 12.7 |
 FBRT | $705M | 14.3 | 49.1 | 2.4 | — | — | 5.4% | 1.2% | 43.6 |
 SACH | $51M | 27.3 | 11.3 | 20.5 | 97.8% | 58.8% | 3.5% | 4.8% | 9.8 |
| Real Estate Median | — | 24.5 | 16.7 | 15.6 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonACRE — Frequently Asked Questions
Quick answers to the most common questions about buying ACRE stock.
What is Ares Commercial Real Estate Corporation's P/E ratio?
Ares Commercial Real Estate Corporation's current P/E ratio is -318.3x. The historical average is 13.1x.
What is Ares Commercial Real Estate Corporation's EV/EBITDA?
Ares Commercial Real Estate Corporation's current EV/EBITDA is 18.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.3x.
What is Ares Commercial Real Estate Corporation's ROE?
Ares Commercial Real Estate Corporation's return on equity (ROE) is -0.2%. The historical average is 3.1%.
Is ACRE stock overvalued?
Based on historical data, Ares Commercial Real Estate Corporation is trading at a P/E of -318.3x. Compare with industry peers and growth rates for a complete picture.
What is Ares Commercial Real Estate Corporation's dividend yield?
Ares Commercial Real Estate Corporation's current dividend yield is 13.62%.
What are Ares Commercial Real Estate Corporation's profit margins?
Ares Commercial Real Estate Corporation has 67.2% gross margin and 72.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ares Commercial Real Estate Corporation have?
Ares Commercial Real Estate Corporation's Debt/EBITDA ratio is 14.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.