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Ares Commercial Real Estate Corp

ACRE Clue Score20
United States CIK 0001529377
$3.55 -3.01% Close, 9 Oct 2026
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Price $3.55 −76.78% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue45.1Net income44.9EPS, diluted1.41Fiscal year 2017Revenue46.3 +2.8%Net income30.4 −32.2%EPS, diluted1.07 −24.1%Fiscal year 2018Revenue55.3 +19.3%Net income38.6 +26.9%EPS, diluted1.35 +26.2%Fiscal year 2019Revenue77.3 +39.8%Net income37.0 −4.2%EPS, diluted1.28 −5.2%Fiscal year 2020Revenue82.7 +7.0%Net income21.8 −41.0%EPS, diluted0.66 −48.4%Fiscal year 2021Revenue102.1 +23.4%Net income60.5 +176.8%EPS, diluted1.42 +115.2%Fiscal year 2022Revenue106.8 +4.7%Net income29.8 −50.7%EPS, diluted0.57 −59.9%Fiscal year 2023Revenue92.9 −13.0%Net income−38.9 −230.5%EPS, diluted−0.72 −226.3%Fiscal year 2024Revenue69.7 −25.0%Net income−35.0EPS, diluted−0.64Fiscal year 2025Revenue54.8 −21.3%Net income−0.9EPS, diluted−0.02
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 45.1 46.3 55.3 77.3 82.7 102.1 106.8 92.9 69.7 54.8
Growth +2.8% +19.3% +39.8% +7.0% +23.4% +4.7% −13.0% −25.0% −21.3%
Net income 44.9 30.4 38.6 37.0 21.8 60.5 29.8 −38.9 −35.0 −0.9
Growth −32.2% +26.9% −4.2% −41.0% +176.8% −50.7% −230.5%
EPS, diluted 1.41 1.07 1.35 1.28 0.66 1.42 0.57 −0.72 −0.64 −0.02
Growth −24.1% +26.2% −5.2% −48.4% +115.2% −59.9% −226.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin99.5%Fiscal year 2017Net margin65.6%Fiscal year 2018Net margin69.8%Fiscal year 2019Net margin47.9%Fiscal year 2020Net margin26.4%Fiscal year 2021Net margin59.2%Fiscal year 2022Net margin27.9%Fiscal year 2023Net margin−41.8%Fiscal year 2024Net margin−50.2%Fiscal year 2025Net margin−1.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 99.5% 65.6% 69.8% 47.9% 26.4% 59.2% 27.9% −41.8% −50.2% −1.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow−4.5Buybacks−1.4Dividends paid−29.4Fiscal year 2017Operating cash flow31.3Buybacks0.0Dividends paid−30.5Fiscal year 2018Operating cash flow39.2Buybacks0.0Dividends paid−32.1Fiscal year 2019Operating cash flow32.5Dividends paid−37.5Fiscal year 2020Operating cash flow31.8Dividends paid−42.8Fiscal year 2021Operating cash flow48.4Buybacks0.0Dividends paid−58.4Fiscal year 2022Operating cash flow57.2Buybacks0.0Dividends paid−71.8Fiscal year 2023Operating cash flow46.8Buybacks−4.6Dividends paid−76.0Fiscal year 2024Operating cash flow35.5Buybacks0.0Dividends paid−59.6Fiscal year 2025Operating cash flow21.4Buybacks0.0Dividends paid−39.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −4.5 31.3 39.2 32.5 31.8 48.4 57.2 46.8 35.5 21.4
Buybacks −1.4 0.0 0.0 n/a n/a 0.0 0.0 −4.6 0.0 0.0
Dividends paid −29.4 −30.5 −32.1 −37.5 −42.8 −58.4 −71.8 −76.0 −59.6 −39.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash47.3Total debt935.7Net cash (debt)−888.4Shareholders’ equity419.0Debt to equity2.23Fiscal year 2017Cash28.3Total debt1,068.0Net cash (debt)−1,039.6Shareholders’ equity419.2Debt to equity2.55Fiscal year 2018Cash11.1Total debt888.0Net cash (debt)−876.9Shareholders’ equity425.6Debt to equity2.09Fiscal year 2019Cash5.3Total debt894.7Net cash (debt)−889.5Shareholders’ equity426.3Debt to equity2.10Fiscal year 2020Cash74.8Total debt928.7Net cash (debt)−853.9Shareholders’ equity473.0Debt to equity1.96Fiscal year 2021Cash50.6Total debt1,041.2Net cash (debt)−990.5Shareholders’ equity678.6Debt to equity1.53Fiscal year 2022Cash141.3Total debt960.2Net cash (debt)−819.0Shareholders’ equity747.5Debt to equity1.28Fiscal year 2023Cash110.5Total debt894.8Net cash (debt)−784.4Shareholders’ equity625.8Debt to equity1.43Fiscal year 2024Cash63.8Total debt718.5Net cash (debt)−654.7Shareholders’ equity540.1Debt to equity1.33Fiscal year 2025Cash29.3Total debt948.2Net cash (debt)−918.9Shareholders’ equity509.6Debt to equity1.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 47.3 28.3 11.1 5.3 74.8 50.6 141.3 110.5 63.8 29.3
Total debt 935.7 1,068.0 888.0 894.7 928.7 1,041.2 960.2 894.8 718.5 948.2
Net cash (debt) −888.4 −1,039.6 −876.9 −889.5 −853.9 −990.5 −819.0 −784.4 −654.7 −918.9
Shareholders’ equity 419.0 419.2 425.6 426.3 473.0 678.6 747.5 625.8 540.1 509.6
Debt to equity 2.23 2.55 2.09 2.10 1.96 1.53 1.28 1.43 1.33 1.86

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
68.0% 66.0% 70.6% 48.5% 26.8% 59.9% 28.3% −41.9% −50.3% −1.1%
99.5% 65.6% 69.8% 47.9% 26.4% 59.2% 27.9% −41.8% −50.2% −1.6%
Spending
6.2% 6.1% 6.0% 5.4% 4.5% 4.6% 6.0% 7.8% 11.2% 12.8%
0.7% 0.6% 1.1% 1.4% 1.6% 1.2% 1.6% n/a n/a n/a
Returns
10.7% 7.3% 9.1% 8.7% 4.6% 8.9% 4.0% −6.2% −6.5% −0.2%
3.3% 1.7% 2.4% 2.1% 1.1% 2.3% 1.2% −1.7% −2.0% −0.1%
Balance and payout
2.23 2.55 2.09 2.10 1.96 1.53 1.28 1.43 1.33 1.86
68.7% 76.3% 73.5% 76.1% 75.5% 74.2% 70.4% 72.5% 69.2% 68.5%
65.5% 100.4% 83.1% 101.3% 195.8% 96.6% 241.1% n/a n/a n/a