Ares Commercial Real Estate Corporation (ACRE) quarterly income statement — complete revenue, gross profit & net income history
Ares Commercial Real Estate Corporation (ACRE) annual income statement — 14-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Revenue | 13.51M | 14.36M | 27.48M | 29.29M | 27.25M | -4.33M | 14.95M | -490K | 10.89M | 410K | -26.04M | 16.56M | 19M | 24.99M | 20.89M | 30.41M | 27.27M | 25.15M | 26.22M | 30.11M |
| Revenue Growth % | -50.41% | 431.24% | 83.84% | 6078.16% | 150.32% | -1157.07% | 157.41% | -102.96% | -42.69% | -98.36% | -224.66% | -45.55% | -30.34% | -0.62% | -20.34% | 0.99% | 0.25% | 6.86% | 23.55% | 41.99% |
| Property Operating Expenses | 0 | 0 | 6.45M | 8.89M | 12.6M | -4.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Operating Income (NOI) | 13.51M | 14.36M | 21.04M | 20.4M | 14.65M | -285K | 14.95M | -490K | 10.89M | 410K | -26.04M | 16.56M | 19M | 24.99M | 20.89M | 30.41M | 27.27M | 25.15M | 26.22M | 30.11M |
| NOI Margin % | 100% | 100% | 76.54% | 69.65% | 53.76% | 6.58% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Operating Expenses | 2.25M | 8.97M | 13.25M | 10.94M | 10M | 10.75M | 14.95M | -490K | 10.89M | 410K | -26.04M | 16.56M | 19M | 24.99M | 20.89M | 30.41M | 27.27M | 25.15M | 26.22M | 30.11M |
| G&A Expenses | 2.25M | 1.72M | 2.24M | 2.27M | 2.51M | 3.02M | 2.72M | 2.39M | 2.81M | 3.23M | 3.21M | 2.65M | 2.47M | 3.15M | 2.42M | 2.91M | 2.43M | 2.38M | 2.45M | 1.97M |
| EBITDA | 0 | 5.76M | 8.7M | 11.43M | 6.66M | -8.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA Margin % | 0% | 40.11% | 31.65% | 39% | 24.44% | 201.11% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Depreciation & Amortization | 0 | 372K | 912K | 1.96M | 2.01M | 2.32M | 2.18M | 2.24M | 965K | 770K | 786K | 0 | 206K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A / Revenue % | 0% | 2.59% | 3.32% | 6.7% | 7.37% | -53.51% | 14.6% | -456.94% | 8.86% | 187.8% | -3.02% | 0% | 1.08% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Operating Income | 0 | 5.39M | 7.79M | 9.46M | 4.65M | -11.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Margin % | 0% | 37.52% | 28.33% | 32.3% | 17.07% | 254.61% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Interest Expense | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | - | 1.24x | 0.45x | 0.59x | 0.31x | -0.69x | -0.12x | -0.10x | -0.04x | -0.03x | -0.03x | - | -0.01x | - | - | - | - | - | - | - |
| Non-Operating Income | 0 | -18.32M | 0 | 0 | 0 | 0 | 2.18M | 2.24M | 965K | 770K | 786K | 0 | 206K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 10.06M | 4.52M | -9.57M | -3.86M | 4.65M | -11.04M | 9.63M | -10.68M | -5.88M | -6.13M | -12.32M | -39.5M | 9.17M | -2.24M | -6.33M | 3.17M | 649K | 10.13M | 16.31M | 17.28M |
| Pretax Margin % | 74.43% | 31.49% | -34.84% | -13.18% | 17.07% | 254.61% | 64.4% | 2179.8% | -54.04% | -1493.9% | 47.32% | -238.57% | 48.26% | -8.98% | -30.3% | 10.44% | 2.38% | 40.28% | 62.19% | 57.39% |
| Income Tax | 12K | 138K | 30K | 5K | -1K | 0 | 281K | -17K | -3K | 0 | 2K | -87K | -16K | -46K | 110K | 264K | 5K | 98K | 105K | 129K |
| Effective Tax Rate % | 0.12% | 3.05% | -0.31% | -0.13% | -0.02% | 0% | 2.92% | 0.16% | 0.05% | 0% | -0.02% | 0.22% | -0.17% | 2.05% | -1.74% | 8.32% | 0.77% | 0.97% | 0.64% | 0.75% |
| Net Income | 10.05M | 4.38M | -9.61M | -3.87M | 4.65M | -11.04M | 9.35M | -10.66M | -5.88M | -6.13M | -12.32M | -39.41M | 9.18M | -2.2M | -6.44M | 2.91M | 644K | 10.03M | 16.2M | 17.15M |
| Net Margin % | 74.34% | 30.53% | -34.95% | -13.19% | 17.07% | 254.61% | 62.52% | 2176.33% | -54.01% | -1493.9% | 47.33% | -238.04% | 48.34% | -8.8% | -30.83% | 9.57% | 2.36% | 39.89% | 61.79% | 56.97% |
| Net Income Growth % | 115.9% | 139.72% | -202.78% | 63.76% | 179.13% | -80.16% | 175.83% | 72.94% | -164.02% | -178.66% | -91.38% | -1454.4% | 1326.09% | -121.91% | -139.74% | -83.03% | -93.53% | -43.05% | 2.93% | 19.06% |
| Funds From Operations (FFO) | 10.05M | 4.75M | -8.69M | -1.9M | 6.66M | -8.72M | 11.53M | -8.43M | -4.92M | -5.36M | -11.54M | -37.55M | 9.39M | -2.2M | -5.46M | 2.13M | 2.3M | 10.03M | 16.2M | 27.05M |
| FFO Margin % | 74.34% | 33.12% | -31.63% | -6.49% | 24.45% | 201.11% | 77.11% | 1719.39% | -45.15% | -1306.1% | 44.31% | -226.82% | 49.43% | -8.8% | -26.14% | 7.02% | 8.43% | 39.89% | 61.79% | 89.83% |
| FFO Growth % | - | 154.55% | -175.41% | 77.44% | 235.54% | -62.76% | 199.91% | 77.57% | -152.34% | - | -111.3% | -1859.84% | 308.44% | - | - | -92.11% | -77.41% | - | - | 84.87% |
| FFO per Share | 0.18 | 0.08 | -0.16 | -0.03 | 0.12 | -0.16 | 0.21 | -0.15 | -0.09 | -0.10 | -0.21 | -0.69 | 0.17 | -0.04 | -0.10 | 0.04 | 0.04 | 0.20 | 0.34 | 0.57 |
| FFO Payout Ratio % | 0% | 177.56% | -97.11% | -440.08% | 125.59% | -95.85% | 120.79% | -163.91% | -281.02% | -257.67% | -157.94% | -45.2% | 204.36% | -880.16% | -354.34% | 899.53% | 828.77% | 166.88% | 102.92% | 59.47% |
| EPS (Diluted) | 0.18 | 0.08 | -0.17 | -0.07 | 0.08 | -0.20 | 0.17 | -0.20 | -0.11 | -0.11 | -0.23 | -0.73 | 0.17 | -0.04 | -0.12 | 0.05 | 0.01 | 0.20 | 0.34 | 0.36 |
| EPS Growth % | 115.83% | 140% | -200% | 65% | 175.82% | -81.82% | 173.91% | 72.6% | -164.71% | -172.28% | -91.67% | -1477.36% | 1600% | -120.2% | -135.29% | -85.28% | -95.24% | -53.49% | -24.44% | -16.28% |
| EPS (Basic) | 0.18 | 0.08 | -0.17 | -0.07 | 0.08 | -0.20 | 0.17 | -0.20 | -0.11 | -0.11 | -0.23 | -0.73 | 0.17 | -0.04 | -0.12 | 0.05 | 0.01 | 0.20 | 0.34 | 0.36 |
| Diluted Shares Outstanding | 56.39M | 56.35M | 55.32M | 54.95M | 55.78M | 54.86M | 55.69M | 54.5M | 54.46M | 54.43M | 54.4M | 54.11M | 54.8M | 54.35M | 54.59M | 54.89M | 54.85M | 51M | 47.65M | 47.31M |