Ares Commercial Real Estate Corp (ACRE) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Ares Commercial Real Estate reported revenue of $22.9M. Net income was -$902,000 (a -3.9% net margin), or -$0.02 per diluted share. Net interest income was $32.4M, and the efficiency ratio (noninterest expense / revenue) was 180.5%. Operating activities generated $21.4M of cash. At fiscal year end, Ares Commercial Real Estate held $1.62B in total assets against $1.11B in total liabilities, including $29.3M of cash and equivalents.
Open the full interactive Ares Commercial Real Estate financials → Quarterly statements, key ratios, valuation history and price charts.
Ares Commercial Real Estate Key Stats
| Share Price | $3.55 |
|---|---|
| Market Cap | $200.1M |
| 52-Week Range | $3.55 – $5.16 |
| Shares Outstanding | 55.4 million (basic, 2026 Q2) |
Ares Commercial Real Estate Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $69.1M | $83.6M | $104.2M | $89.0M | $51.7M | $32.4M |
| Provision for Credit Losses | $20.2M | $10,000 | $46.1M | $91.8M | -$18.2M | -$17.8M |
| Noninterest Income | $9.6M | $18.5M | $4.9M | -$7.5M | -$67.0M | -$9.5M |
| Noninterest Expense | $36.3M | $40.9M | $32.7M | $28.5M | $37.9M | $41.4M |
| Revenue | $78.7M | $102.1M | $109.0M | $81.4M | -$15.2M | $22.9M |
| Pre-Tax Income | $22.2M | $61.2M | $30.3M | -$38.9M | -$35.0M | -$617,000 |
| Income Tax | $352,000 | $722,000 | $472,000 | -$39,000 | -$18,000 | $285,000 |
| Net Income | $21.8M | $60.5M | $29.8M | -$38.9M | -$35.0M | -$902,000 |
| Diluted EPS | $0.66 | $1.42 | $0.57 | -$0.72 | -$0.64 | -$0.02 |
Ares Commercial Real Estate Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.1M | — | $13.5M | $14.4M |
| Net Income | $4.7M | -$3.9M | -$9.6M | $4.4M |
| Diluted EPS | $0.08 | -$0.07 | -$0.17 | $0.08 |
Ares Commercial Real Estate Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $74.8M | $50.6M | $141.3M | $110.5M | $63.8M | $29.3M |
| Total Assets | $1.93B | $2.63B | $2.52B | $2.28B | $1.75B | $1.62B |
| Total Long-Term Debt | $928.7M | $1.04B | $960.2M | $894.8M | $718.5M | $948.2M |
| Total Liabilities | $1.46B | $1.95B | $1.78B | $1.65B | $1.21B | $1.11B |
| Shareholders' Equity | $473.0M | $678.6M | $747.5M | $625.8M | $540.1M | $509.6M |
Ares Commercial Real Estate Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $31.8M | $48.4M | $57.2M | $46.8M | $35.5M | $21.4M |
| Cash From Investing | -$81.9M | -$699.7M | $193.2M | $127.5M | $427.9M | $148.1M |
| Cash From Financing | $119.2M | $627.2M | -$159.7M | -$205.1M | -$507.6M | -$168.6M |
Figures from Ares Commercial Real Estate's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ares Commercial Real Estate financials page for every line item.
Ares Commercial Real Estate Company Profile
| Ticker | ACRE |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001529377 |
Frequently Asked Questions
What was Ares Commercial Real Estate's revenue in fiscal 2025?
Ares Commercial Real Estate (ACRE) reported revenue of $22.9M for fiscal 2025.
What is Ares Commercial Real Estate's annual revenue history?
Ares Commercial Real Estate's annual revenue by fiscal year: 2020: $78.7M; 2021: $102.1M; 2022: $109.0M; 2023: $81.4M; 2024: -$15.2M; 2025: $22.9M.
What was Ares Commercial Real Estate's net income in fiscal 2025?
Ares Commercial Real Estate reported net income of -$902,000 for fiscal 2025.
What was Ares Commercial Real Estate's earnings per share (EPS) in fiscal 2025?
Ares Commercial Real Estate's diluted EPS was -$0.02 for fiscal 2025 (adjusted for any later stock splits).
What was Ares Commercial Real Estate's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ares Commercial Real Estate reported revenue of $14.4M.
How much debt does Ares Commercial Real Estate have?
Ares Commercial Real Estate reported $948.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ares Commercial Real Estate are outstanding?
Ares Commercial Real Estate reported a weighted average of 55.4 million basic shares outstanding in 2026 Q2.
What is Ares Commercial Real Estate's market cap?
Based on its latest closing price, Ares Commercial Real Estate (ACRE) has a market capitalization of about $200.1M.
Where is Ares Commercial Real Estate headquartered?
Ares Commercial Real Estate lists its business address in New York, New York in its SEC filings.