Ares Commercial Real Estate Corp reported an equity award to a senior executive. On December 11, 2025, its General Counsel, Vice President and Secretary received 22,000 shares of common stock in the form of restricted stock units granted at a price of $0 under the company’s Amended and Restated 2012 Equity Incentive Plan.
Each restricted stock unit represents one share of common stock and vests in three equal annual installments beginning January 1, 2027, conditioned on the executive’s continued service. After this grant, the executive beneficially owns 100,360 shares, which includes 59,500 restricted stock units that will vest over time under existing award agreements.
Ares Commercial Real Estate Corp’s chief executive officer reported an equity award under Section 16. On 12/11/2025, the CEO acquired 49,500 shares of Ares Commercial Real Estate Corp common stock in the form of restricted stock units granted at a price of $0 under the company’s Amended and Restated 2012 Equity Incentive Plan.
After this award, the reporting person beneficially owns 271,958 shares, including 155,166 restricted stock units granted under the equity plan. Each restricted stock unit represents the right to receive one share of common stock upon vesting, with the new units vesting in three equal annual installments beginning on January 1, 2027, subject to continued service.
Ares Commercial Real Estate (ACRE) reported a return to profitability in Q3 2025 as credit costs eased and funding costs fell. Net income was $4.7 million (vs. a $5.9 million loss a year ago) on total revenue of $14.1 million. Year to date, net income was $3.0 million (vs. a $24.3 million loss).
Net interest margin was $8.5 million in the quarter as interest expense declined to $14.8 million. The company recorded a $2.2 million CECL reserve reversal in Q3 and $27.7 million year to date, partially offsetting realized loan losses of $1.6 million in Q3 and $34.6 million year to date. Loans held for investment fell to $1.23 billion carrying amount with $1.29 billion outstanding principal, reflecting $498.4 million in repayments; non‑accrual loans stood at $271.8 million carrying value. Total assets declined to $1.39 billion from $1.75 billion at year‑end, while cash and restricted cash rose to $123.9 million. The quarterly dividend was $0.15 per share, down from $0.25 last year. Shares outstanding were 55,026,453 as of November 4, 2025.
Ares Commercial Real Estate Corporation furnished an update on its latest results. On November 7, 2025, the company announced it issued a press release with financial results for the quarter ended September 30, 2025 and made an earnings presentation available.
Both materials are attached as Exhibit 99.1 (press release) and Exhibit 99.2 (presentation) and were furnished under Items 2.02 and 7.01, not filed. The company’s common stock trades on the NYSE under the symbol ACRE.