Saturday 17 October 2026 Export ACRE’s income statement to Excel — free account

Ares Commercial Real Estate Corporation

Ares Commercial Real Estate Corporation’s revenue for fiscal 2025 (year ended December 2025) was $54.8 million, down 21.3% from fiscal 2024. In the quarter to June 2026, revenue grew 14.3%, EPS grew 140.0%, free cash flow grew 1,481.2% and total debt rose 42.2%, each against the same quarter a year earlier.

3.45 0.13 −3.63%

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Market cap: $198.6M
P/E: 0.0×
Fwd P/E: 103×
Dividend yield: 17.4%
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.18

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	3	—	—	—	—	—	—	—	—	—

Insider Ownership 6.15%

Capital & Financial Ratios $m

Market Cap 198.62

Revenue 55.14

Net Income (4.43)

Free Cash Flow 18.00

Net Debt 1,204.17

Current Ratio 0.00

Debt/Equity 2.58

P/E ratio 0.00

Fwd P/E 103.00

P/S ratio 3.46

P/B ratio 0.39

Past 5Y EPS Growth —

This Y EPS Growth 291.67%

Next Y EPS Growth 71.43%

Next Y revenue growth 1.58%

Next 5Y EPS Growth (16.36%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 3.39%

10-year low 10-year high

P/B against its own 10 years 0.81%

10-year low 10-year high

EV/Sales against its own 10 years 62.85%

10-year low 10-year high

EV/FCF against its own 10 years 94.36%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.60

Annual Dividend Yield 17.39%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.59	0.15 0.15 0.15
2025	0.60	0.15 0.15 0.15 0.15
2024	1.00	0.25 0.25 0.25 0.25
2023	1.32	0.33 0.33 0.33 0.33
2022	0.99	0.33 0.33 0.02 0.33
2021	0.66	0.02 0.33 0.02 0.33
2020	1.32	0.33 0.33 0.33 0.33
2019	1.32	0.33 0.33 0.33 0.33
2018	1.16	0.28 0.28 0.29 0.31
2017	1.08	0.27 0.27 0.27 0.27
2016	1.04	0.26 0.26 0.26 0.26

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	110	66	67	59
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	149	66	67	59

	2021	2022	2023	Q'24
Payables	—	—	—	—
ST’ Debt	—	—	—	—
Other	—	—	—	—
	50	104	105	105

Compound Annual Growth %

	10y	5y	3y
Sales	0.93%	(7.89%)	(19.94%)
Cash Flow	(22.57%)	(7.63%)	(27.98%)
Earnings	0.00%	0.00%	0.00%
Book Value	1.11%	1.50%	(11.99%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	13	14	—	—	—
’25	15	13	14	13	55
’24	19	17	17	18	70
’23	27	25	24	18	93
’22	24	25	27	30	107
’21	21	24	27	30	102
’20	21	18	22	21	83

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(57)	64	—	—	—
’25	8	5	4	5	21
’24	11	9	8	7	36
’23	11	12	14	10	47
’22	16	13	13	15	57
’21	10	10	10	18	48
’20	8	6	9	9	32

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(57)	63	—	—	—
’25	8	4	3	9	25
’24	11	9	8	19	48
’23	11	12	14	10	47
’22	54	13	13	15	95
’21	10	10	10	18	48
’20	8	6	9	9	31

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.17)	0.08	—	—	—
’25	0.17	(0.20)	0.08	(0.07)	(0.02)
’24	(0.23)	(0.11)	(0.11)	(0.20)	(0.64)
’23	(0.12)	(0.04)	0.17	(0.73)	(0.72)
’22	0.34	0.20	0.01	0.05	0.57
’21	0.45	0.43	0.21	0.36	1.42
’20	(0.54)	0.29	0.44	0.43	0.66

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.91	12.48	11.96	12.82	2.78	11.16	9.90	7.52	5.77	3.35	Analyst estimates 2026–2028 Powerpack
	High	14.39	14.22	14.77	16.36	17.72	16.98	16.48	12.75	10.53	6.21
People
People	Employees	930	1,000	1,075	1,200	1,450	2,100	2,550	2,800	3,200	4,250
	Revenue/emp, $m	0.05	0.05	0.05	0.06	0.06	0.05	0.04	0.03	0.02	0.01
Income, $m
Income, $m	Revenue	45	46	55	77	83	102	107	93	70	55
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	31	31	39	38	22	61	30	(39)	(35)	(1)
	EBT margin, %	68.02	66.04	70.62	48.55	26.84	59.94	28.32	(41.87)	(50.27)	(1.13)
	Net income	45	30	39	37	22	60	30	(39)	(35)	(1)
	Depreciation	1	1	(1)	0	0	2	(4)	(2)	5	9
Per share, $
Per share, $	Revenue	1.58	1.63	1.94	2.70	2.51	2.41	2.07	1.71	1.28	1.00
	Earnings	1.42	1.07	1.35	1.29	0.66	1.43	0.58	(0.72)	(0.64)	(0.02)
	Cash flow	(0.16)	1.10	1.37	1.13	0.96	1.14	1.11	0.86	0.65	0.39
	Capex	(0.01)	0.00	0.00	(0.06)	(0.01)	0.00	0.74	0.00	0.23	0.06
	Free cash flow	(0.17)	1.10	1.37	1.08	0.95	1.14	1.85	0.86	0.88	0.45
	Book value	15.10	14.72	14.92	14.90	14.34	16.01	14.46	11.53	9.92	9.28
	Shares, m	28	28	29	29	33	42	52	54	54	55
Valuation, ×
Valuation, ×	P/E	9.92	11.84	9.59	12.18	18.90	9.96	17.93	0.00	0.00	0.00
	P/S	8.88	7.86	6.73	5.87	4.75	6.04	5.20	5.98	4.60	4.78
	P/B	0.93	0.87	0.87	1.06	0.83	0.91	0.74	0.89	0.59	0.51
	EV/Sales	29.56	37.15	28.35	23.01	21.00	24.38	19.62	21.60	21.20	23.57
	EV/FCF	(275.24)	55.69	40.32	57.79	55.16	51.65	21.98	23.61	30.79	52.72
Cash, $m
Cash, $m	Operating cash flow	(4)	31	39	32	32	48	57	47	36	21
	Capex	0	—	—	(2)	0	0	38	—	12	3
	Free cash flow	(5)	31	39	31	31	48	95	47	48	25
Balance, $m
Balance, $m	Working capital	48	29	11	(49)	13	0	37	45	66	67
	Total debt	931	1,337	1,157	1,281	1,369	1,873	1,632	1,512	1,172	1,047
	Net debt	883	1,308	1,146	1,275	1,294	1,822	1,491	1,402	1,106	980
	Shareholders’ equity	430	419	426	426	473	679	748	626	540	510
Returns, %
Returns, %	ROA	2.93	1.93	2.29	2.18	1.18	2.65	1.16	(1.62)	(1.74)	(0.05)
	ROIC	1.46	1.14	1.55	1.38	1.64	1.53	2.07	1.99	1.20	0.56
	ROE	9.10	7.16	9.14	8.68	4.86	10.50	4.18	(5.66)	(6.00)	(0.17)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KREF KKR Real Estate Finance Trust	$352.3M	— (loss-making)	— (loss-making)	−41.60% (below 0%: shrinking)	n/m	−137.85% (below 0%: shrinking)	100.00%	(560.14%)	Compare
NREF NexPoint Real Estate Finance, Inc.	$288.9M	6.5×	10.9×	+11.50% (above 0%: growing)	−46.30% (below 0%: shrinking)	−363.98% (below 0%: shrinking)	100.00%	25.54%	Compare
REFI Chicago Atlantic Real Estate Finance, Inc.	$240.6M	6.7×	7.0×	−11.02% (below 0%: shrinking)	−16.67% (below 0%: shrinking)	+40.10% (above 0%: growing)	100.00%	59.97%	Compare
ACRE Ares Commercial Real Estate Corporation	$198.6M	— (loss-making)	103×	+14.25% (above 0%: growing)	n/m	+1,481.15% (above 0%: growing)	100.00%	37.52%
RC Ready Capital Corp	$185.0M	— (loss-making)	— (loss-making)	−49.32% (below 0%: shrinking)	n/m	+231.22% (above 0%: growing)	100.00%	101.65%	Compare
MITT TPG Mortgage Investment Trust Inc.	$176.2M	7.2×	11.8×	+11.99% (above 0%: growing)	n/m	+110.45% (above 0%: growing)	100.00%	100.45%	Compare
AOMR Angel Oak Mortgage REIT Inc.	$167.6M	9.1×	14.1×	+17.96% (above 0%: growing)	+366.67% (above 0%: growing)	−496.84% (below 0%: shrinking)	25.95%	8.10%	Compare
CMTG Claros Mortgage Trust, Inc.	$166.5M	— (loss-making)	— (loss-making)	−42.45% (below 0%: shrinking)	n/m	+58.23% (above 0%: growing)	76.18%	(64.67%)	Compare
ACR ACRES Commercial Realty Corp.	$140.9M	— (loss-making)	— (loss-making)	−4.08% (below 0%: shrinking)	n/m	−57.74% (below 0%: shrinking)	92.55%	(26.38%)	Compare
Median of peers	$180.6M	7.0×	11.4×	−7.55%	−16.67%	−8.82%	100.00%	16.82%

All 37 Reit Mortgage stocks →

Ares Commercial Real Estate Corporation (ACRE) key facts

Concern: Ares Commercial Real Estate Corporation’s revenue for fiscal 2025 (year ended December 2025) was $54.8 million, down 21.3% from fiscal 2024.
Ares Commercial Real Estate Corporation (ACRE) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, ACRE traded at $3.45, a market capitalization of $198.6 million.
Ares Commercial Real Estate Corporation pays an annual dividend of $0.60 per share, a yield of 17.4%.
Return on equity was −0.17% and debt-to-equity 2.58.

Source: company filings (standardised) and stockrow calculations.