Ares Commercial Real Estate Corp
ACRE· NYSE· Real Estate Investment Trusts
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- -7.9%
We record prices for the companies we cover; ACRE is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 54.9M
- Revenue
- $54.8M
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- -1.6%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 7.1%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -0.2%
- ROE, 5 yr avg
- 0.0%
Growth (CAGR)
- Revenue, 3 yr
- -19.9%
- Revenue, 5 yr
- -7.9%
- Revenue, 9 yr
- 2.2%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $29.3M
- Total debt
- $948.2M
- Net debt
- $918.9M
- Debt/Equity
- 1.9x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 10.6%
Financials: ten years from the 10-Ks
Revenue
$54.8M
+2.2% a year over 9 years
FY2016FY2025
Margins
-1.6%
FY2025
FY2016FY2025
Diluted shares
54.9M
+92.4% over 9 years, net dilution
FY2016FY2025
Net debt (below zero)
-$918.9M
$918.9M more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $45.1M | $46.3M | $55.3M | $77.3M | $82.7M | $102.1M | $106.8M | $92.9M | $69.7M | $54.8M |
| Revenue growth | -9.8% | 2.8% | 19.3% | 39.8% | 7.0% | 23.4% | 4.7% | -13.0% | -25.0% | -21.3% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $44.9M | $30.4M | $38.6M | $37.0M | $21.8M | $60.5M | $29.8M | -$38.9M | -$35.0M | -$902.0K |
| Net margin | 99.5% | 65.6% | 69.8% | 47.9% | 26.4% | 59.2% | 27.9% | -41.8% | -50.2% | -1.6% |
| Diluted EPS | $1.41 | $1.07 | $1.35 | – | – | – | – | – | – | – |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | -$4.5M | $31.3M | $39.2M | $32.5M | $31.8M | $48.4M | $57.2M | $46.8M | $35.5M | $21.4M |
| Capital expenditure | – | – | – | – | – | – | – | – | – | – |
| Free cash flow | – | – | – | – | – | – | – | – | – | – |
| Stock-based compensation | $312.0K | $581.0K | $1.1M | $1.9M | $1.3M | $1.9M | $2.9M | $4.0M | $4.7M | $3.9M |
| Owner earnings? | – | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | – | – | – | – | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $29.4M | $30.5M | $32.1M | $37.5M | $42.8M | $58.4M | $71.8M | $76.0M | $59.6M | $39.0M |
| Share repurchases | $1.4M | $0 | $0 | – | – | $0 | $0 | $4.6M | $0 | $0 |
| Diluted shares | 28.5M | 28.6M | 28.7M | 28.8M | 33.2M | 42.7M | 52.1M | 54.3M | 54.4M | 54.9M |
| Share count change? | -0.3% | 0.1% | 0.4% | 0.7% | 15.1% | 28.6% | 22.1% | 4.1% | 0.3% | 0.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $47.3M | $28.3M | $11.1M | $5.3M | $74.8M | $50.6M | $141.3M | $110.5M | $63.8M | $29.3M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $935.7M | $1.1B | $888.0M | $894.7M | $928.7M | $1.0B | $960.2M | $894.8M | $718.5M | $948.2M |
| Net debt | $888.4M | $1.0B | $876.9M | $889.5M | $853.9M | $990.5M | $819.0M | $784.4M | $654.7M | $918.9M |
| Shareholders' equity | $419.0M | $419.2M | $425.6M | $426.3M | $473.0M | $678.6M | $747.5M | $625.8M | $540.1M | $509.6M |
Latest filings
| 2026-08-04 | 10-Q | Quarterly report |
| 2026-08-04 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-07 | 8-K | Earnings release |
| 2026-04-01 | DEF 14A | Proxy statement |
| 2026-02-10 | 10-K | Annual report |
| 2026-02-10 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-11-07 | 8-K | Earnings release |
| 2025-08-05 | 10-Q | Quarterly report |
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