See more : Globe Commercials Limited (GLCL.BO) Income Statement Analysis – Financial Results
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.
You may be interested
- Tecan Group AG (0QLN.L) Income Statement Analysis – Financial Results
- Bravida Holding AB (publ) (BRAV.ST) Income Statement Analysis – Financial Results
- Daifuku Co., Ltd. (DFKCY) Income Statement Analysis – Financial Results
- BLS International Services Limited (BLS.BO) Income Statement Analysis – Financial Results
- CR Capital AG (CRZK.DE) Income Statement Analysis – Financial Results
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 | 10.68M | 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 | 206.16M | 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 | 0.00 | 95.22M | 61.18M | 0.00 | 38.17M | 102.04M | 81.78M | 81.96M | 36.54M | 24.53M | 13.62M | 0.00 |
| EBITDA Ratio | 0.00% | 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 |
Readers Identify 23 Ideal April Dividend Buys
Prior to April 30, 2024, my Readers mentioned 31 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, they remarked about the ReFa/Ro. Ten analyst-target-estimated top net gain ReFa/Ro: ORC, JNJ, CVX, FTN.CA,...
Ares Commercial Real Estate: Wait For The Turn
Ares Commercial Real Estate's stock performance has continued to lag behind the market, falling 7.9% compared to a 27% return in the S&P 500. Concerns about the company's deteriorating credit metrics have been validated, with significant provisions for credit losses...
Ares Commercial Real Estate Corporation (ACRE) Q1 2024 Earnings Call Transcript
Ares Commercial Real Estate Corporation (NYSE:ACRE ) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants John Stilmar - Managing Director, Investor Relations Bryan Donohoe - CEO Tae-Sik Yoon - CFO Conference Call Participants Doug Harter...
Compared to Estimates, Ares Commercial Real Estate (ACRE) Q1 Earnings: A Look at Key Metrics
The headline numbers for Ares Commercial Real Estate (ACRE) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the...
Earnings Preview: Ares Commercial Real Estate (ACRE) Q1 Earnings Expected to Decline
Ares Commercial Real Estate (ACRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2024
NEW YORK, NY / ACCESSWIRE / April 25, 2024 / Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that it will report earnings for the first quarter ended March 31, 2024 on Thursday, May 9, 2024 prior to the opening...
Ares Commercial: Another Distribution Cut Highly Probable In 1 Year
ACRE received a "Sell" rating on our last coverage as we anticipated a distribution cut. That cut came to fruition quickly and the stock is now 15% lower. We examine the current setup and show you why we think another...
I'm Deeply Worried About Ares Commercial Real Estate's 14% Yield (Rating Downgrade)
I'm Deeply Worried About Ares Commercial Real Estate's 14% Yield (Rating Downgrade)
February Readers Noted 22 Ideal-To-Buy Dividend Dogs
Prior to February 29, 2024 my REaders mentioned 32 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: KVUE, PARA, OXLC, VZ,TPVC, O, PFE, FSC, RC,...
More 9% Dividend Yields Again? I'm Also Buying This One
We're starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics...
Source: https://incomestatements.info
Category: Stock Reports