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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 | 10.68M | 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 |
Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2023 Results
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income (loss) of $(39.4) million or $(0.73) per diluted...
Ares Commercial: Dividend Cut Highly Probable In 2024
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NEW YORK, NY / ACCESSWIRE / January 31, 2024 / Ares Commercial Real Estate Corporation (NYSE:ACRE) (the "Company") today announced the 2023 tax treatment for the Company's common stock distributions (CUSIP # 04013V-10-8). Form 1099 Reference: (Box 1a+2a) Box 1a...
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Source: https://incomestatements.info
Category: Stock Reports