Ares Commercial Real Estate Corporation
ACRE
NYSE
5.1
USD-0.06(-1.07%)
As of today
Ares Commercial Real Estate Corporation fundamentals
ACRE Income Statement
| Period Ending | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 6,623,000 | 33,775,000 | 63,779,000 | 84,315,000 | 45,107,000 | 46,348,000 | 55,282,000 | 77,259,000 | 78,688,000 | 102,069,000 | 109,046,000 | 1,101,000 | 87,802,000 | |
| Cost of Revenue | 0 | 5,456,000 | 18,649,000 | 20,448,000 | 6,123,000 | 6,569,000 | 7,418,000 | 0 | 0 | 18,558,000 | 0 | 0 | 0 | |
| Gross Profit | 6,623,000 | 28,319,000 | 45,130,000 | 63,867,000 | 38,984,000 | 39,779,000 | 47,864,000 | 77,259,000 | 78,688,000 | 83,511,000 | 109,046,000 | 1,101,000 | 87,802,000 | |
| Gross Profit Margin | 1 | 0.838 | 0.708 | 0.757 | 0.864 | 0.858 | 0.866 | 1 | 1 | 0.818 | 1 | 1 | 1 | |
| R&D Expenses | 0 | 0 | 0 | 0 | 0.374 | 0.314 | 0.33 | 0 | 0 | 0.402 | 0 | 0 | 0 | |
| General & Administrative Expenses | 2,904,000 | 13,021,000 | 31,901,000 | 31,121,000 | 6,242,000 | 6,727,000 | 6,877,000 | 7,214,000 | 7,385,000 | 7,757,000 | 10,171,000 | 22,004,000 | 20,227,000 | |
| Selling & Marketing Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,991,000 | 4,739,000 | |
| SG&A Expenses | 2,904,000 | 13,021,000 | 31,901,000 | 31,121,000 | 6,242,000 | 6,727,000 | 6,877,000 | 7,214,000 | 7,385,000 | 7,757,000 | 10,171,000 | 25,995,000 | 24,966,000 | |
| Other Expenses | 0 | 0 | 0 | -8,055,000 | -8,303,000 | -8,401,000 | -8,822,000 | 70,045,000 | 71,303,000 | -48,644,000 | 98,875,000 | 0 | 0 | |
| Total Operating Expenses | 2,904,000 | 13,021,000 | 31,901,000 | 31,121,000 | 6,242,000 | 6,727,000 | 6,877,000 | 77,259,000 | 78,688,000 | -40,887,000 | 109,046,000 | 25,995,000 | 24,966,000 | |
| Total Costs & Expenses | 2,904,000 | 12,335,000 | 31,634,000 | 30,334,000 | 6,242,000 | 6,727,000 | 6,877,000 | 77,259,000 | 78,688,000 | -40,887,000 | 109,046,000 | 25,995,000 | 24,966,000 | |
| Interest Income | 9,278,000 | 37,600,000 | 70,495,000 | 86,337,000 | 81,963,000 | 97,541,000 | 118,284,000 | 114,784,000 | 121,052,000 | 133,631,000 | 170,171,000 | 206,155,000 | 157,717,000 | |
| Interest Expense | 2,655,000 | 15,330,000 | 33,637,000 | 36,342,000 | 36,856,000 | 51,193,000 | 63,002,000 | 62,583,000 | 51,949,000 | 50,080,000 | 65,994,000 | 117,199,000 | 105,985,000 | |
| Depreciation & Amortization | -860,000 | 38,000 | 160,000 | 219,000 | 51,282,000 | 66,163,000 | 79,242,000 | 667,000 | 892,000 | 39,222,000 | 0 | 0 | 0 | |
| EBITDA | 0 | 13,621,000 | 24,532,000 | 36,543,000 | 81,963,000 | 81,778,000 | 102,044,000 | 0 | 0 | 61,182,000 | 0 | 0 | 0 | |
| EBITDA Margin | 0 | 0.403 | 0.385 | 0.433 | 1.817 | 1.764 | 1.846 | 0 | 0 | 0.599 | 0 | 0 | 0 | |
| Operating Income | 3,515,000 | 26,251,000 | 33,509,000 | 55,074,000 | 30,451,000 | 30,432,000 | 102,044,000 | 0 | 0 | 61,182,000 | 0 | -24,894,000 | 62,836,000 | |
| Operating Income Margin | 0.531 | 0.777 | 0.525 | 0.653 | 0.675 | 0.657 | 1.846 | 0 | 0 | 0.599 | 0 | -22.61 | 0.716 | |
| Total Other Income/Expenses (Net) | 0 | -12,309,000 | -9,936,000 | 0 | 0 | 178,000 | 446,000 | 37,506,000 | 22,192,000 | -18,548,000 | 30,257,000 | -14,012,000 | -97,847,000 | |
| Income Before Tax | 860,000 | 13,942,000 | 23,573,000 | 45,248,000 | 30,681,000 | 30,610,000 | 39,042,000 | 37,506,000 | 22,192,000 | 61,182,000 | 30,257,000 | 38,906,000 | 35,011,000 | |
| Pre-Tax Income Margin | 0.13 | 0.413 | 0.37 | 0.537 | 0.68 | 0.66 | 0.706 | 0.485 | 0.282 | 0.599 | 0.277 | 35.337 | 0.399 | |
| Income Tax Expense | 4,375,000 | 176,000 | -1,043,000 | 1,928,000 | 230,000 | 178,000 | 446,000 | 515,000 | 352,000 | 722,000 | 472,000 | 39,000 | 18,000 | |
| Net Income | 860,000 | 13,766,000 | 24,396,000 | 34,285,000 | 40,336,000 | 30,407,000 | 38,596,000 | 36,991,000 | 21,840,000 | 60,460,000 | 29,785,000 | -38,867,000 | -34,993,000 | |
| Net Income Margin | 0.13 | 0.408 | 0.383 | 0.407 | 0.894 | 0.656 | 0.698 | 0.479 | 0.278 | 0.592 | 0.273 | -35.302 | -0.399 | |
| Earnings Per Share (EPS) | 0.03 | 0.72 | 0.86 | 1.2 | 1.42 | 1.07 | 1.35 | 1.29 | 0.66 | 1.43 | 0.58 | -0.72 | -0.64 | |
| Diluted Earnings Per Share (EPS) | 0.03 | 0.72 | 0.85 | 1.2 | 1.41 | 1.07 | 1.35 | 1.28 | 0.66 | 1.42 | 0.57 | -0.72 | -0.64 | |
| Weighted Average Shares Outstanding | 6,532,706 | 18,989,500 | 28,459,309 | 28,501,897 | 28,461,853 | 28,478,237 | 28,529,439 | 28,609,282 | 32,977,462 | 42,399,613 | 51,679,744 | 54,281,998 | 54,446,000 | |
| Weighted Average Shares Outstanding (Diluted) | 6,567,309 | 19,038,152 | 28,585,022 | 28,597,568 | 28,523,306 | 28,550,945 | 28,656,660 | 28,846,641 | 33,196,508 | 42,681,505 | 52,126,256 | 54,281,998 | 54,446,000 |