See more : New Dover Capital Corp. (NDVR) 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
- NANYO Corporation (7417.T) Income Statement Analysis – Financial Results
- Athens Water Supply and Sewerage Company S.A. (AHWSF) Income Statement Analysis – Financial Results
- KLX Energy Services Holdings, Inc. (KLXE) Income Statement Analysis – Financial Results
- Amarin Corporation plc (AMRN) Income Statement Analysis – Financial Results
- Provectus Biopharmaceuticals, Inc. (PVCT) 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 | 10.30M | 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 |
Ares Commercial Real Estate: Enticing 12.6% Yield, But No Longer A Buy (Downgrade)
Ares Commercial Real Estate Corporation's dividend coverage improved in Q2, but risks have increased due to paying out all distributable earnings and narrowing the stock price-book value gap. The company has stopped paying its supplemental dividend since 2022, leading to...
Readers Post 32 August Dividend Buy Candidates
Prior to August 31, 2023, my Readers mentioned 37 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: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD,...
Ares Commercial Real Estate Corporation to Present at the BofA 2023 Global Real Estate Conference
NEW YORK, NY / ACCESSWIRE / September 6, 2023 / Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that its Chief Executive Officer, Bryan Donohoe, and its Chief Financial Officer, Tae-Sik Yoon, will present at the BofA 2023 Global Real...
Ares Commercial Real Estate: Yielding 13% With Significant Risks
Commercial real estate markets worldwide are facing challenges as a decade of low borrowing costs comes to an end. The UK, US, Continental Europe, and Hong Kong are experiencing issues in their commercial real estate sectors. The Ares Commercial Real...
Readers Post 20 July Dividend Buys
Prior to July 31, my readers mentioned 39 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: MO, ACRE, PFE, O, KHC, MDV, VFC, BRSP,...
14%-Yielding Ares Commercial Real Estate: The Market Is Way Too Pessimistic
Ares Commercial Real Estate stock price has fallen by 27% in the past year due to company-specific and macroeconomic concerns. Its portfolio is made up of 98% senior loans and the stock currently trades at a substantial discount to book...
Buy The Dip When Blood Is In The Street
Commercial real estate companies have suffered due to predictions of a collapse, but experts recognize that this crisis has not yet occurred. BrightSpire Capital (BRSP) has acquired properties through foreclosure, and their current book value reflects a potential increase in...
Ares Commercial Real Estate Corporation (ACRE) Q2 2023 Earnings Call Transcript
Ares Commercial Real Estate Corporation (NYSE:ACRE ) Q2 2023 Earnings Conference Call August 2, 2023 12:00 PM ET Company Participants John Stilmar - Managing Director, Investor Relations Bryan Donohoe - Chief Executive Officer Tae-Sik Yoon - Chief Financial Officer Conference...
Ares Commercial Real Estate (ACRE) Tops Q2 Earnings and Revenue Estimates
Ares Commercial Real Estate (ACRE) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.38 per share a year ago.
Ares Commercial Real Estate Corporation Reports Second Quarter 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 loss of $2.2 million or $0.04 per diluted common...
Source: https://incomestatements.info
Category: Stock Reports