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Ares Commercial Real Estate

Ares Commercial Real Estate

ACRE · NYSE · Real Estate / REIT - Mortgage

3.48USD+0.01 (+0.29%)

Price History

Full chart

Market Stats

Previous Close3.47
Open3.48
Day Range3.42 – 3.51
52-Week Range3.93 – 5.52
Volume380.24K
Market Cap230.25M
P/E (TTM)0.00
Forward P/E7.34
EPS-0.08
Dividend Yield14.22%
Beta1.21
50-Day Avg4.54
200-Day Avg4.86

About

Ares Commercial Real Estate Corporation, a specialty finance company, engages in the originating and investing in commercial real estate (CRE) loans and related investments in the United States. The company provides loan opportunities for the owners, operators, and sponsors of CRE properties. Its investments includes senior mortgage loans, subordinate debt, preferred equity products, mezzanine loans, and other CRE investments, such as commercial mortgage-backed securities. It 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 Corporation was incorporated in 2011 and is based in New York, New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Bryan Patrick Donohoe
  • Employees0
  • Headquarters245 Park Avenue, New York, NY, United States, 10167, USA
  • Websitehttps://www.arescre.com

Leadership

  • Mr. Bryan Patrick DonohoeCEO & Director · b. 1979
  • Mr. Jeffrey M. GonzalesCFO & Treasurer · b. 1986
  • Mr. Tae-Sik Yoon J.D.Chief Operating Officer · b. 1967
  • Mr. Anton S. FeingoldGeneral Counsel, VP & Secretary · b. 1980
  • Mr. William Stephen BenjaminPartner, Head of Ares Real Estate & Chairman of the Board · b. 1965
  • Mr. David Roth CFA, J.D.President, Partner & Global Head of Real Estate Strategy and Growth · b. 1967
  • Mr. John W. StilmarPartner & Co-Head of Public Markets Investor Relations
  • Mr. Carl G. Drake C.F.A.Partner & Senior Advisor
  • Mr. A. Wilson LamontPartner & Co-Head of European Real Estate Equity
  • Mr. Andrew E. HolmPartner & Co-Head of U.S. Diversified Equity · b. 1984

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue6.62M33.77M63.78M84.31M45.11M46.35M55.28M77.26M78.69M102.07M109.05M92.93M69.65M85.35M
Growth (%)-+409.97%+88.83%+32.20%-46.50%+2.75%+19.28%+39.75%+1.85%+29.71%+6.84%-14.78%-25.05%+22.54%
Cost of Revenue5.76M5.46M18.65M20.45M6.12M6.57M70.42M22.98M38.31M18.56M52.57M94.34M23.65M36.40M
Gross Profit6.62M28.32M45.13M63.87M38.98M39.78M55.28M77.26M78.69M83.51M109.05M92.93M69.65M48.95M
Gross Margin100.00%83.85%70.76%75.75%86.43%85.83%100.00%100.00%100.00%81.82%100.00%100.00%100.00%57.36%
Operating Expense3.11M2.07M11.62M8.79M8.53M9.35M-46.76M39.75M56.50M22.33M12.79M117.82M37.93M-12.83M
Operating Income3.52M26.25M33.51M55.07M30.45M30.43M102.04M37.51M22.19M61.18M96.25M-24.89M31.72M61.78M
Operating Margin53.07%77.72%52.54%65.32%67.51%65.66%184.59%48.55%28.20%59.94%88.27%-26.79%45.54%72.39%
EBITDA3.52M13.62M24.53M36.54M81.96M81.78M102.04M38.17M23.08M71.08M7.10M1.02M37.13M70.19M
EBITDA Margin53.07%40.33%38.46%43.34%181.71%176.44%184.59%49.41%29.34%69.64%6.51%1.09%53.31%82.24%
Net Income860.00K13.77M24.40M34.28M40.34M30.41M38.60M36.99M21.84M60.46M29.79M-38.87M-35.03M-902.00K
Net Income Margin12.99%40.76%38.25%40.66%89.42%65.61%69.82%47.88%27.76%59.23%27.31%-41.83%-50.29%-1.06%
R&D00000.370.310.330.270.170.40.180.2--
R&D as % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense2.65M15.33M33.64M36.34M36.86M51.19M63.00M62.58M51.95M50.08M65.99M109.65M105.98M65.16M
Interest Expense % of Total Revenue40.09%45.39%52.74%43.10%81.71%110.45%113.96%81.00%66.02%49.06%60.52%118.00%152.17%76.34%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets7.59M387.86M1.18B1.87B1.38B1.37B1.77B1.60B1.78B1.93B2.63B2.52B2.28B1.75B1.62B
Total Liabilities1.15M222.42M770.70M1.39B922.49M944.03M1.35B1.18B1.36B1.46B1.95B1.78B1.65B1.21B1.11B
Total Equity6.44M165.44M406.22M480.89M456.49M429.67M419.17M425.59M426.34M473.01M678.63M747.54M625.85M540.13M509.57M
Cash1.24M23.39M20.10M16.55M8.99M47.27M28.34M11.09M5.26M74.78M50.62M141.28M110.46M63.80M29.29M
Total Debt-211.54M727.26M1.31B1.18B1.51B2.08B1.19B1.90B1.43B1.90B1.74B1.62B1.17B1.05B
Net Debt-1.24M188.16M707.16M1.10B620.42M102.61M350.46M367.99M601.78M1.36B1.03B1.60B1.51B1.11B1.02B

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.95M25.44M-222.91M275.52M8.54M31.27M39.22M32.45M31.76M48.35M57.16M46.79M35.55M21.35M
Investing Cash Flow-348.15M-745.70M-433.08M258.34M-43.32M-405.77M157.92M-174.43M-81.87M-699.68M193.17M127.46M427.91M148.14M
Financing Cash Flow368.35M716.96M652.45M-541.41M73.06M355.57M-214.40M136.14M119.25M627.17M-159.67M-205.07M-507.63M-168.63M
Capital Expenditure041.00K3.09M604.00K354.00K001.69M274.00K144.00K00358.00K1.63M
Free Cash Flow1.95M25.40M-226.00M274.92M8.18M31.27M39.22M30.77M31.49M48.21M57.16M46.79M35.55M19.72M
Dividends Paid1.66M18.57M28.58M28.60M29.40M30.53M32.09M37.49M42.77M58.42M71.81M75.95M59.64M39.01M
FCF to OCF100.00%99.84%101.39%99.78%95.85%100.00%100.00%94.80%99.14%99.70%100.00%100.00%100.00%92.36%
Dividend Paid to FCF85.14%73.12%-12.64%10.40%359.24%97.63%81.82%121.85%135.81%121.20%125.63%162.33%167.77%197.79%

Earnings

Report DateMay 21, 2012Aug 14, 2012Nov 7, 2012Mar 31, 2013May 15, 2013Aug 7, 2013Nov 13, 2013Mar 17, 2014May 7, 2014Aug 6, 2014Nov 10, 2014Mar 5, 2015May 7, 2015Jul 30, 2015Nov 5, 2015Mar 1, 2016May 5, 2016Aug 4, 2016Nov 3, 2016Mar 7, 2017May 2, 2017Aug 3, 2017Nov 1, 2017Mar 1, 2018May 1, 2018Jul 26, 2018Oct 30, 2018Feb 21, 2019May 1, 2019Jul 26, 2019Nov 8, 2019Feb 20, 2020May 8, 2020Aug 6, 2020Oct 29, 2020Feb 18, 2021May 4, 2021Jul 30, 2021Nov 3, 2021Feb 15, 2022May 3, 2022Jul 29, 2022Nov 2, 2022Feb 15, 2023May 2, 2023Aug 2, 2023Nov 3, 2023Feb 22, 2024May 9, 2024Aug 6, 2024Nov 7, 2024Feb 20, 2025May 7, 2025Aug 5, 2025Nov 7, 2025Feb 10, 2026May 7, 2026Aug 4, 2026Nov 6, 2026
EPS Estimate0.230.080.060.190.160.140.180.200.200.210.220.280.220.270.280.270.220.270.270.280.250.240.280.230.300.310.320.320.330.340.330.360.340.250.240.350.350.350.340.360.360.340.360.330.300.320.25-0.43-0.11-0.010.040.040.070.020.04-0.020.110.110.11
EPS Actual0.32-0.02-0.050.130.080.230.160.120.170.230.140.310.250.310.330.310.180.210.310.280.230.240.390.240.330.330.350.360.300.340.340.370.320.320.310.410.400.370.370.410.340.380.390.050.270.350.250.20-0.62-0.12-0.11-0.150.13-0.510.100.150.060.11-
Surprise39.13%-125.00%-183.33%-31.58%-50.00%64.29%-11.11%-40.00%-15.00%9.52%-36.36%10.71%13.64%14.81%17.86%14.81%-18.18%-22.22%14.81%0.00%-8.00%0.00%39.29%4.35%10.00%6.45%9.38%12.50%-9.09%0.00%3.03%2.78%-5.88%28.00%29.17%17.14%14.29%5.71%8.82%13.89%-5.56%11.76%8.33%-84.85%-10.00%9.38%0.00%146.51%-463.64%-1100.00%-375.00%-455.45%85.71%-2650.00%150.00%850.00%-45.45%0.00%-
TimingPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap230.25M
Enterprise Value1.47B
Trailing P/E0.00
Forward P/E7.34
PEG Ratio2.57
Price / Sales6.49
Price / Book0.48
EPS-0.08
Book Value8.84
Revenue (TTM)35.49M
Gross Profit (TTM)35.49M
Profit Margin-12.50%
Operating Margin33.51%
Return on Equity-0.88%
Return on Assets-0.27%
Shares Outstanding55.48M
Shares Float54.30M
Beta1.21
Dividend Yield14.22%
Dividend Rate0.60
Payout Ratio142.86%

Analyst Ratings

Hold
Based on 7 analystsTarget 5.30
  • Hold
    5
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
49.10%
Insiders
6.34%
Retail / Other
44.56%

Top Institutional Holders

  • BlackRock Inc
    4.51M8.14%
  • Vanguard Capital Management, LLC
    2.33M4.19%
  • Geode Capital Management, LLC
    1.39M2.50%
  • Hotchkis & Wiley Capital Management LLC
    1.25M2.26%
  • CF Capital LLC
    1.23M2.22%
  • State Street Corp
    1.16M2.09%
  • Lighthouse Investment Partners, LLC
    1.02M1.84%
  • CURA WEALTH ADVISORS, LLC
    902.15K1.63%
  • Van Eck Associates Corporation
    674.98K1.22%
  • Alpine Partners VI, LLC
    652.86K1.18%
  • The Colony Group LLC
    586.59K1.06%
  • Northern Trust Corp
    578.91K1.04%
  • Bi Asset Management Fondsmaeglerselskab A/S
    523.07K0.94%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.71M3.09%
  • iShares Russell 2000 ETF
    1.36M2.44%
  • iShares Mortgage Real Estate Capped ETF
    663.36K1.20%
  • Fidelity Small Cap Index
    609.09K1.10%
  • VanEck Mortgage REIT Income ETF
    600.47K1.08%
  • BankInvest Børsnoterede Alt. Akk. W
    523.07K0.94%
  • iShares Russell 2000 Value ETF
    504.53K0.91%

Dividends

20263×
0.15Sep 30, 20260.15Jun 30, 20260.15Mar 31, 2026
20254×
0.15Dec 31, 20250.15Sep 30, 20250.15Jun 30, 20250.15Mar 31, 2025
20244×
0.25Dec 31, 20240.25Sep 30, 20240.25Jun 28, 20240.25Mar 27, 2024
20234×
0.33Dec 28, 20230.33Sep 28, 20230.33Jun 29, 20230.02Mar 30, 2023
20224×
0.35Dec 29, 20220.35Sep 29, 20220.33Jun 29, 20220.33Mar 30, 2022
20214×
0.33Dec 30, 20210.02Sep 29, 20210.02Jun 29, 20210.33Mar 30, 2021
20201×
0.33Dec 29, 2020