ACRE
Ares Commercial Real Estate
NYSE: ACRE · REAL ESTATE · REIT - MORTGAGE
$5.18
-3.00% today
Updated 2026-04-29
Market cap
$286.81M
P/E ratio
—
P/S ratio
3.95x
EPS (TTM)
$-0.02
Dividend yield
11.20%
52W range
$4 – $6
Volume
0.4M
Ares Commercial Real Estate (ACRE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.62M | $33.77M | $63.78M | $84.31M | $45.11M | $46.35M | $55.28M | $77.26M | $78.69M | $102.07M | $109.05M | $1.10M | $87.80M | $85.35M |
| Revenue growth (YoY) | — | +410.0% | +88.8% | +32.2% | -46.5% | +2.8% | +19.3% | +39.8% | +1.8% | +29.7% | +6.8% | -99.0% | +7874.8% | -2.8% |
| Cost of revenue | $5.76M | $5.46M | $18.65M | $20.45M | $6.12M | $6.57M | $70.42M | $22.98M | $38.31M | $18.56M | $52.57M | $94.34M | $23.65M | $36.40M |
| Gross profit | $6.62M | $28.32M | $45.13M | $63.87M | $38.98M | $39.78M | $55.28M | $77.26M | $78.69M | $83.51M | $109.05M | $1.10M | $87.80M | $48.95M |
| Gross margin | 100.0% | 83.8% | 70.8% | 75.7% | 86.4% | 85.8% | 100.0% | 100.0% | 100.0% | 81.8% | 100.0% | 100.0% | 100.0% | 57.4% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $2.90M | $13.02M | $31.90M | $31.12M | $6.24M | $6.73M | $6.88M | $7.21M | $7.38M | $7.76M | $10.17M | $22.00M | $20.23M | $9.80M |
| Operating income | $3.52M | $26.25M | $33.51M | $55.07M | $30.45M | $30.43M | $102.04M | $37.51M | $22.19M | $61.18M | $96.25M | $-24.89M | $62.84M | $61.78M |
| Operating margin | 53.1% | 77.7% | 52.5% | 65.3% | 67.5% | 65.7% | 184.6% | 48.5% | 28.2% | 59.9% | 88.3% | -2261.0% | 71.6% | 72.4% |
| EBITDA | $3.52M | $13.62M | $24.53M | $36.54M | $81.96M | $81.78M | $102.04M | $38.17M | $23.08M | $71.08M | $95.22M | $-11.71M | $78.67M | $70.19M |
| EBITDA margin | 53.1% | 40.3% | 38.5% | 43.3% | 181.7% | 176.4% | 184.6% | 49.4% | 29.3% | 69.6% | 87.3% | -1064.0% | 89.6% | 82.2% |
| EBIT | $3.52M | $13.58M | $24.37M | $36.32M | $30.68M | $15.62M | $102.04M | $-64.16M | $-31.74M | $61.18M | $17.11M | $42.54M | $73.91M | $61.78M |
| Interest expense | $2.65M | $15.33M | $33.64M | $36.34M | $36.86M | $51.19M | $63.00M | $62.58M | $51.95M | $50.08M | $65.99M | $117.20M | $105.98M | $65.16M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $860000.00 | $13.77M | $24.40M | $34.28M | $40.34M | $30.41M | $38.60M | $36.99M | $21.84M | $60.46M | $29.79M | $-38.87M | $-34.99M | $-902000.00 |
| Net income growth (YoY) | — | +1500.7% | +77.2% | +40.5% | +17.6% | -24.6% | +26.9% | -4.2% | -41.0% | +176.8% | -50.7% | -230.5% | +10.0% | +97.4% |
| Profit margin | 13.0% | 40.8% | 38.3% | 40.7% | 89.4% | 65.6% | 69.8% | 47.9% | 27.8% | 59.2% | 27.3% | -3530.2% | -39.9% | -1.1% |