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Complete financial analysis of Ares Commercial Real Estate Corporation (ACRE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ares Commercial Real Estate Corporation, a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Ares Commercial Real Estate Corporation (ACRE)
About Ares Commercial Real Estate Corporation
Ares 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.10M | 109.05M | 102.07M | 78.69M | 77.26M | 55.28M | 46.35M | 45.11M | 84.32M | 63.78M | 33.78M | 6.62M |
| Cost of Revenue | 94.34M | 52.57M | 18.56M | 38.31M | 22.98M | 7.42M | 6.57M | 6.12M | 20.45M | 18.65M | 5.46M | 0.00 |
| Gross Profit | -93.24M | 56.48M | 83.51M | 40.38M | 54.28M | 47.86M | 39.78M | 38.98M | 63.87M | 45.13M | 28.32M | 6.62M |
| Gross Profit Ratio | -8,468.85% | 51.79% | 81.82% | 51.31% | 70.25% | 86.58% | 85.83% | 86.43% | 75.75% | 70.76% | 83.85% | 100.00% |
| Research & Development | 0.00 | 0.18 | 0.40 | 0.17 | 0.27 | 0.33 | 0.31 | 0.37 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.30M | 10.17M | 7.76M | 7.39M | 7.21M | 6.88M | 6.73M | 6.24M | 31.12M | 31.90M | 13.02M | 2.90M |
| Selling & Marketing | 380.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 10.68M | 10.17M | 7.76M | 7.39M | 7.21M | 6.88M | 6.73M | 6.24M | 31.12M | 31.90M | 13.02M | 2.90M |
| Other Expenses | 0.00 | 22.98M | -48.64M | -63.88M | -46.97M | -8.82M | -8.40M | -8.30M | -8.06M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 10.30M | 32.73M | -40.89M | -56.50M | -39.75M | 6.88M | 6.73M | 6.24M | 31.12M | 31.90M | 13.02M | 2.90M |
| Cost & Expenses | 104.64M | 32.73M | -40.89M | -56.50M | -39.75M | 6.88M | 6.73M | 6.24M | 30.33M | 31.63M | 12.34M | 2.90M |
| Interest Income | 198.61M | 170.17M | 133.63M | 121.05M | 114.78M | 118.28M | 97.54M | 81.96M | 86.34M | 70.50M | 37.60M | 9.28M |
| Interest Expense | 117.20M | 65.99M | 50.08M | 51.95M | 62.58M | 63.00M | 51.19M | 36.86M | 36.34M | 33.64M | 15.33M | 2.66M |
| Depreciation & Amortization | 0.00 | 78.11M | 39.22M | 54.83M | 102.34M | 79.24M | 66.16M | 51.28M | 219.00K | 160.00K | 38.00K | -860.00K |
| EBITDA | -11.72M | 95.22M | 61.18M | 0.00 | 38.17M | 102.04M | 81.78M | 81.96M | 36.54M | 24.53M | 13.62M | 0.00 |
| EBITDA Ratio | -1,064.03% | 87.32% | 59.94% | 29.34% | 49.41% | 184.59% | 176.44% | 172.01% | 86.31% | 89.61% | 86.78% | 53.07% |
| Operating Income | -11.72M | 96.25M | 61.18M | 22.19M | 37.51M | 102.04M | 30.43M | 30.45M | 55.07M | 33.51M | 26.25M | 3.52M |
| Operating Income Ratio | -1,064.03% | 88.27% | 59.94% | 28.20% | 48.55% | 184.59% | 65.66% | 67.51% | 65.32% | 52.54% | 77.72% | 53.07% |
| Total Other Income/Expenses | -27.19M | -64.48M | -18.55M | -22.14M | -22.98M | 446.00K | 178.00K | 0.00 | 0.00 | -9.94M | -12.31M | 0.00 |
| Income Before Tax | -38.91M | 30.26M | 61.18M | 22.19M | 37.51M | 39.04M | 30.61M | 30.68M | 45.25M | 23.57M | 13.94M | 860.00K |
| Income Before Tax Ratio | -3,533.70% | 27.75% | 59.94% | 28.20% | 48.55% | 70.62% | 66.04% | 68.02% | 53.67% | 36.96% | 41.28% | 12.99% |
| Income Tax Expense | -39.00K | 472.00K | 722.00K | 352.00K | 515.00K | 446.00K | 178.00K | 230.00K | 1.93M | -1.04M | 176.00K | 4.38M |
| Net Income | -38.87M | 29.79M | 60.46M | 21.84M | 36.99M | 38.60M | 30.41M | 40.34M | 34.29M | 24.40M | 13.77M | 860.00K |
| Net Income Ratio | -3,530.15% | 27.31% | 59.23% | 27.76% | 47.88% | 69.82% | 65.61% | 89.42% | 40.66% | 38.25% | 40.76% | 12.99% |
| EPS | -0.72 | 0.58 | 1.43 | 0.66 | 1.29 | 1.35 | 1.07 | 1.42 | 1.20 | 0.86 | 0.72 | 0.03 |
| EPS Diluted | -0.72 | 0.57 | 1.42 | 0.66 | 1.28 | 1.35 | 1.07 | 1.41 | 1.20 | 0.85 | 0.72 | 0.03 |
| Weighted Avg Shares Out | 54.28M | 51.68M | 42.40M | 32.98M | 28.61M | 28.53M | 28.48M | 28.46M | 28.50M | 28.46M | 18.99M | 6.53M |
| Weighted Avg Shares Out (Dil) | 54.28M | 52.13M | 42.68M | 33.20M | 28.85M | 28.66M | 28.55M | 28.52M | 28.60M | 28.59M | 19.04M | 6.57M |
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