Ares Commercial Real Estate Corporation (ACRE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ACRE SEC filings page.
Ares Commercial Real Estate Corporation (ACRE) reported $55.1M in revenue over the twelve months to Jun 30, 2026, down 10.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A shrinking asset base now carries more leverage, while near break-even earnings mask a business still funded by debt.
By FY2025, assets had contracted to$1.62B while debt-to-equity reached 1.9x; the smaller balance sheet therefore carries more leverage relative to equity. This is a financing shift, not simply a smaller business, because debt has not declined in proportion to the assets supporting it.
FY2025's net result was nearly break-even at a net loss of
Interest expense was
Financial Health Signals
Ares Commercial Real Estate Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Ares Commercial Real Estate Corporation passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Ares Commercial Real Estate Corporation reported a net loss of $902K while generating $21.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Ares Commercial Real Estate Corporation generated $14.4M in revenue in Q2 2026. This represents an increase of 14.3% from the same quarter a year earlier. Against the prior quarter it is up 6.7%.
Ares Commercial Real Estate Corporation reported $4.4M in net income in Q2 2026. This represents an increase of 139.7% from the same quarter a year earlier. Against the prior quarter it is up 145.6%.
Ares Commercial Real Estate Corporation earned $0.08 per diluted share (EPS) in Q2 2026. This represents an increase of 140.0% from the same quarter a year earlier. Against the prior quarter it is up 147.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
Ares Commercial Real Estate Corporation held $17.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Ares Commercial Real Estate Corporation paid $0.15 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Ares Commercial Real Estate Corporation's net profit margin was 30.5% in Q2 2026, showing the share of revenue converted to profit. This is up 118.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 101.9 percentage points.
Ares Commercial Real Estate Corporation's ROE was 0.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
ACRE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.4M+14.3% | $13.5M-10.0% | $13.2M-24.5% | $14.1M-15.3% | $12.6M-25.2% | $14.9M-20.0% | $17.5M-0.3% | $16.7M-30.3% |
| SG&A Expenses | $1.7M-13.6% | $1.4M-17.6% | $1.6M-13.6% | $1.7M-10.6% | $2.0M+1.9% | $1.7M-17.3% | $1.8M+0.8% | $1.9M+14.7% |
| Interest Expense | $19.2M+19.1% | $17.4M-4.6% | $16.1M-27.8% | $14.8M-46.0% | $16.1M-41.4% | $18.2M-36.9% | $22.3M-25.6% | $27.4M-7.9% |
| Income Tax | $138K | $30K-89.3% | $5K+129.4% | -$1K+66.7% | $0 | $281K+13950.0% | -$17K+80.5% | -$3K+81.3% |
| Net Income | $4.4M+139.7% | -$9.6M-202.8% | -$3.9M+63.8% | $4.7M+179.1% | -$11.0M-80.2% | $9.3M+175.8% | -$10.7M+72.9% | -$5.9M-164.0% |
| EPS (Basic) | $0.08+140.0% | -$0.17-200.0% | -$0.07+63.2% | $0.08+172.7% | -$0.20-81.8% | $0.17+173.9% | -$0.19+74.0% | -$0.11-164.7% |
| EPS (Diluted) | $0.08+140.0% | -$0.17-200.0% | -$0.07+63.2% | $0.08+172.7% | -$0.20-81.8% | $0.17+173.9% | -$0.19+74.0% | -$0.11-164.7% |
| Diluted Shares (Avg) | 56M+2.7% | 55M-0.7% | N/A | 56M+2.4% | 55M+0.8% | 56M+2.4% | N/A | 54M-0.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
ACRE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B+26.3% | $1.8B+20.8% | $1.6B-7.6% | $1.4B-28.3% | $1.4B-30.5% | $1.5B-28.0% | $1.8B-23.2% | $1.9B-17.9% |
| Cash & Equivalents | $17.6M-80.5% | $86.2M-31.3% | $29.3M-54.1% | $84.9M+23.2% | $90.0M+27.4% | $125.5M+26.1% | $63.8M-42.2% | $68.9M+12.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.3B+45.2% | $1.3B+37.5% | $1.1B-8.5% | $870.9M-36.7% | $914.9M-38.5% | $977.5M-35.2% | $1.2B-26.8% | $1.4B-18.1% |
| Long-Term Debt | N/A | N/A | $948.2M+32.0% | N/A | N/A | N/A | $718.5M-19.7% | N/A |
| Total Equity | $489.2M-6.6% | $492.4M-9.2% | $509.6M-5.7% | $521.0M-7.6% | $523.7M-10.1% | $542.1M-9.8% | $540.1M-13.7% | $563.8M-17.5% |
| Retained Earnings | -$333.9M-12.9% | -$329.8M-19.3% | -$311.8M-12.4% | -$299.5M-18.5% | -$295.8M-26.9% | -$276.4M-29.7% | -$277.4M-48.3% | -$252.8M-95.4% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
ACRE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $63.5M+1202.2% | -$56.6M-806.7% | $4.6M-34.6% | $3.8M-54.5% | $4.9M-43.7% | $8.0M-29.6% | $7.1M-29.9% | $8.4M-37.8% |
| Depreciation & Amortization | $749K-67.4% | $741K-66.0% | $2.0M-12.3% | $2.0M+106.8% | $2.3M+198.7% | $2.2M+177.6% | $2.2M+176.4% | $967K+369.4% |
| Stock-Based Compensation | N/A | $897K-14.6% | N/A | N/A | N/A | $1.1M-18.2% | N/A | N/A |
| Investing Cash Flow | -$121.5M-562.7% | -$89.8M-130.1% | -$290.1M-268.0% | $113.2M-6.9% | $26.3M+9001.4% | $298.7M+122.9% | $172.7M+101.1% | $121.5M+354.8% |
| Financing Cash Flow | -$17.8M+73.1% | $213.6M+187.5% | $228.7M+223.1% | -$87.3M+31.9% | -$66.1M-77.5% | -$244.0M-56.0% | -$185.8M-299.6% | -$128.3M-170.3% |
| Dividends Paid | $8.4M+1.1% | $8.4M-39.4% | $8.4M-39.4% | $8.4M-39.4% | $8.4M-39.5% | $13.9M-23.6% | $13.8M-23.6% | $13.8M-28.0% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
ACRE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 30.5%+118.3pp | -71.4%-133.9pp | -29.3%+31.7pp | 33.0%+68.3pp | -87.8%-51.4pp | 62.5%+128.4pp | -60.9% | -35.3%-73.8pp |
| Return on Equity | 0.9%+3.0pp | -1.9%-3.7pp | -0.8%+1.2pp | 0.9%+1.9pp | -2.1%-1.1pp | 1.7%+3.8pp | -2.0%+4.3pp | -1.0%-2.4pp |
| Return on Assets | 0.2%+1.0pp | -0.5%-1.1pp | -0.2%+0.4pp | 0.3%+0.6pp | -0.8%-0.5pp | 0.6%+1.2pp | -0.6%+1.1pp | -0.3%-0.7pp |
| Debt-to-Equity | 2.71+1.0x | 2.73+0.9x | 1.86+0.5x | 1.67-0.8x | 1.75-0.8x | 1.80-0.7x | 1.33-0.1x | 2.440.0x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ares Commercial Real Estate Corporation ACRE | FY2025 | $54.8M | -$902K | -1.6% | $184.2M | — |
| TPG Mortgage Investment Trust, Inc. MITT | FY2025 | N/A | $48.7M | N/A | $166.3M | — |
| Chicago Atlantic Real Estate Finance, Inc. REFI | FY2025 | N/A | $36.0M | N/A | $224.7M | — |
| Angel Oak Mortgage REIT, Inc. AOMR | FY2025 | $143.7M | $44.0M | 30.6% | $175.9M | 38/100 |
| Seven Hills Realty Trust SEVN | FY2025 | $29.4M | $15.4M | 52.5% | $137.5M | 37/100 |
| ACRES Commercial Realty Corp. ACR | FY2025 | $79.9M | $28.0M | 35.0% | $163.6M | 30/100 |
Where Ares Commercial Real Estate Corporation Ranks
Frequently Asked Questions
What is Ares Commercial Real Estate Corporation's annual revenue?
Ares Commercial Real Estate Corporation (ACRE) reported $54.8M in total revenue for fiscal year 2025. This represents a -21.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ares Commercial Real Estate Corporation's revenue growing?
Ares Commercial Real Estate Corporation (ACRE) revenue declined by 21.3% year-over-year, from $69.7M to $54.8M in fiscal year 2025.
Is Ares Commercial Real Estate Corporation profitable?
No, Ares Commercial Real Estate Corporation (ACRE) reported a net income of -$902K in fiscal year 2025, with a net profit margin of -1.6%.
How much debt does Ares Commercial Real Estate Corporation have?
As of fiscal year 2025, Ares Commercial Real Estate Corporation (ACRE) had $29.3M in cash and equivalents against $948.2M in long-term debt.
What is Ares Commercial Real Estate Corporation's net profit margin?
Ares Commercial Real Estate Corporation (ACRE) had a net profit margin of -1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Ares Commercial Real Estate Corporation pay dividends?
Yes, Ares Commercial Real Estate Corporation (ACRE) paid $0.60 per share in dividends during fiscal year 2025.
What is Ares Commercial Real Estate Corporation's return on equity (ROE)?
Ares Commercial Real Estate Corporation (ACRE) has a return on equity of -0.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ares Commercial Real Estate Corporation's operating cash flow?
Ares Commercial Real Estate Corporation (ACRE) generated $21.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ares Commercial Real Estate Corporation's total assets?
Ares Commercial Real Estate Corporation (ACRE) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Ares Commercial Real Estate Corporation's debt-to-equity ratio?
Ares Commercial Real Estate Corporation (ACRE) had a debt-to-equity ratio of 1.86 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ares Commercial Real Estate Corporation's return on assets (ROA)?
Ares Commercial Real Estate Corporation (ACRE) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ares Commercial Real Estate Corporation's P/E ratio?
Ares Commercial Real Estate Corporation (ACRE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $184.2M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ares Commercial Real Estate Corporation's price-to-sales ratio?
Ares Commercial Real Estate Corporation (ACRE) trades at 3.3x sales, its market capitalization divided by revenue of $55.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $184.2M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ares Commercial Real Estate Corporation's Piotroski F-Score?
Ares Commercial Real Estate Corporation (ACRE) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ares Commercial Real Estate Corporation's earnings high quality?
Ares Commercial Real Estate Corporation (ACRE) reported a net loss of $902K while generating $21.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.