Ares Commercial Real Estate (ACRE)
Originates senior CRE loans through an externally managed Ares platform.
$4.41
After hours−0.03 (−0.78%)
At close$4.44(+1.37%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 17 | −26 | 0 | 11 | 0 | 15 | −4 | 27 | 29 | 27 | 14 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −4 | 13 | 9 | 6 | 0 |
| Gross profit | 19 | 17 | −26 | 0 | 11 | 0 | 15 | 0 | 15 | 20 | 21 | 14 |
| 19 | 17 | −26 | 0 | 11 | 0 | 15 | 11 | 10 | 11 | 13 | 9 | |
| 2 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | |
| General & administrative | 2 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 2 | 2 |
| Other expenses | 17 | 14 | −29 | −3 | 8 | −3 | 12 | 8 | 7 | 9 | 11 | 7 |
| Operating income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −11 | 5 | 9 | 8 | 5 |
| 9 | −40 | −12 | −6 | −6 | −11 | 10 | 0 | 0 | −13 | −17 | −1 | |
| Interest income | 53 | 45 | 44 | 41 | 39 | 33 | 27 | 23 | 23 | 24 | 25 | 28 |
| Interest expense | 30 | 30 | 29 | 27 | 27 | 22 | 18 | 16 | 15 | 16 | 17 | 19 |
| Other non-operating income | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 0 | 0 | 0 | 0 | −18 |
| Income before tax | 9 | −40 | −12 | −6 | −6 | −11 | 10 | −11 | 5 | −4 | −10 | 5 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | 9 | −39 | −12 | −6 | −6 | −11 | 9 | −11 | 5 | −4 | −10 | 4 |
| Net income | 9 | −39 | −12 | −6 | −6 | −11 | 9 | −11 | 5 | −4 | −10 | 4 |
| EPS, basic | $0.17 | −$0.73 | −$0.23 | −$0.11 | −$0.11 | −$0.20 | $0.17 | −$0.20 | $0.08 | −$0.07 | −$0.17 | $0.08 |
| EPS, diluted | $0.17 | −$0.73 | −$0.23 | −$0.11 | −$0.11 | −$0.20 | $0.17 | −$0.20 | $0.08 | −$0.07 | −$0.17 | $0.08 |
| Weighted average shares, basic | 54 | 54 | 54 | 54 | 54 | 54 | 55 | 55 | 55 | 55 | 55 | 55 |
| Weighted average shares, diluted | 55 | 54 | 54 | 54 | 54 | 54 | 56 | 55 | 56 | 55 | 55 | 56 |
| EBITDA | 0 | 2 | 0 | 0 | 0 | 0 | 0 | −9 | 7 | 11 | 9 | 25 |
| Depreciation & amortization | 0 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| EBIT | 0 | 0 | −1 | −1 | −1 | −2 | −2 | −11 | 5 | 9 | 8 | 24 |