Here are the 10-Q quarterly reports from Ares RL EST Inc TR REIT E (ZARE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ZARE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ZARE filings page.
Ares Real Estate Income Trust Inc. reported higher revenue but continued losses for the six months ended June 30, 2026. Total revenues rose to $296.3 million from $234.7 million a year earlier, driven mainly by rental revenue of $278.0 million. Net loss attributable to common stockholders narrowed to $35.0 million, or $0.16 per share, compared with $40.6 million, or $0.23 per share, in the prior-year period.
Total assets increased to $7.68 billion, with net investment in real estate properties of $6.41 billion. The company acquired ten properties for $273.6 million and sold one retail property for $3.8 million, recording a $3.9 million impairment before sale. Investments in unconsolidated joint ventures rose to $532.9 million, generating $73.7 million of income. Debt, net, declined to $2.54 billion, while financing obligations tied to the DST program increased to $2.60 billion as DST Interests sold reached $676.5 million in the first half. The trust raised $171.2 million of common equity through continuous offerings and an additional $200.0 million via private Class B placements with affiliates, and it remained in compliance with all debt covenants.
Ares Real Estate Income Trust reported higher property income but remained unprofitable for the quarter ended March 31, 2026. Rental revenues rose to $137.4M from $106.4M, and total revenues reached $145.1M versus $116.4M a year earlier. Net operating income, a key internal metric, increased to $100.0M from $76.7M, reflecting growth across residential, industrial, retail and data center segments. Despite this, higher interest expense, advisory fees, performance participation allocation and depreciation led to a net loss attributable to common stockholders of $21.3M, or $(0.10) per share, similar to the prior-year loss per share. Total assets were $7.48B and total debt, net, was $2.79B, with a weighted-average borrowing rate of 4.82%. Operating cash flow swung to an outflow of $162.6M, largely due to increased activity in debt-related investments held for sale, while financing activities provided $230.0M. The company continued its DST capital-raising program, selling $330.4M of DST interests and issuing $183.2M of OP Units, and paid gross quarterly distributions equivalent to $0.1035 per share, totaling $41.4M.