ACRE
Income statement / Annual
Last year (2023), Ares Commercial Real Estate Corporation's total revenue was $192.08 M,
an increase of 76.14% from the previous year.
In 2023, Ares Commercial Real Estate Corporation's net income was -$38.87 M.
See Ares Commercial Real Estate Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$192.08 M
|
$109.05 M
|
$102.07 M
|
$78.69 M
|
$77.26 M
|
$55.28 M
|
$46.35 M
|
$45.11 M
|
$84.32 M
|
$63.78 M
|
| Cost of Revenue |
$14.78 M |
$52.57 M |
$18.56 M |
$38.31 M |
$22.98 M |
$7.42 M |
$6.57 M |
$6.12 M |
$20.45 M |
$18.65 M |
| Gross Profit |
$177.30 M |
$56.48 M |
$83.51 M |
$40.38 M |
$54.28 M |
$47.86 M |
$39.78 M |
$38.98 M |
$63.87 M |
$45.13 M |
| Gross Profit Ratio |
0.92 |
0.52 |
0.82 |
0.51 |
0.7 |
0.87 |
0.86 |
0.86 |
0.76 |
0.71 |
| Research and Development
Expenses |
$0.00
|
$0.18
|
$0.40
|
$0.17
|
$0.27
|
$0.33
|
$0.31
|
$0.37
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$10.68 M
|
$10.17 M
|
$7.76 M
|
$7.39 M
|
$7.21 M
|
$6.88 M
|
$6.73 M
|
$6.24 M
|
$31.12 M
|
$31.90 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$10.68 M
|
$10.17 M
|
$7.76 M
|
$7.39 M
|
$7.21 M
|
$6.88 M
|
$6.73 M
|
$6.24 M
|
$31.12 M
|
$31.90 M
|
| Other Expenses |
$0.00 |
$22.98 M |
-$48.64 M |
-$63.88 M |
-$46.97 M |
-$8.82 M |
-$8.40 M |
-$8.30 M |
-$8.06 M |
$0.00 |
| Operating Expenses |
$14.73 M |
$32.73 M |
-$40.89 M |
-$56.50 M |
-$39.75 M |
$6.88 M |
$6.73 M |
$6.24 M |
$31.12 M |
$31.90 M |
| Cost And Expenses |
$26.00 M |
$32.73 M |
-$40.89 M |
-$56.50 M |
-$39.75 M |
$6.88 M |
$6.73 M |
$6.24 M |
$30.33 M |
$31.63 M |
| Interest Income |
$206.16 M |
$170.17 M |
$133.63 M |
$121.05 M |
$114.78 M |
$118.28 M |
$97.54 M |
$81.96 M |
$86.34 M |
$70.50 M |
| Interest Expense |
$117.20 M |
$65.99 M |
$50.08 M |
$51.95 M |
$62.58 M |
$63.00 M |
$51.19 M |
$36.86 M |
$36.34 M |
$33.64 M |
| Depreciation &
Amortization |
$0.00
|
$78.11 M
|
$39.22 M
|
$54.83 M
|
$102.34 M
|
$79.24 M
|
$66.16 M
|
$51.28 M
|
$219,000.00
|
$160,000.00
|
| EBITDA |
$72.05 M
|
$95.22 M
|
$61.18 M
|
$0.00
|
$38.17 M
|
$102.04 M
|
$81.78 M
|
$81.96 M
|
$36.54 M
|
$24.53 M
|
| EBITDA Ratio |
0.38 |
0.87 |
0.6 |
0.29 |
0.49 |
1.85 |
1.76 |
1.72 |
0.86 |
0.9 |
| Operating Income Ratio
|
-0.04
|
0.88
|
0.6
|
0.28
|
0.49
|
1.85
|
0.66
|
0.68
|
0.65
|
0.53
|
| Total Other
Income/Expenses Net |
-$31.36 M
|
-$64.48 M
|
-$18.55 M
|
-$22.14 M
|
-$22.98 M
|
$446,000.00
|
$178,000.00
|
$0.00
|
$0.00
|
-$9.94 M
|
| Income Before Tax |
-$38.91 M |
$30.26 M |
$61.18 M |
$22.19 M |
$37.51 M |
$39.04 M |
$30.61 M |
$30.68 M |
$45.25 M |
$23.57 M |
| Income Before Tax Ratio
|
-0.2
|
0.28
|
0.6
|
0.28
|
0.49
|
0.71
|
0.66
|
0.68
|
0.54
|
0.37
|
| Income Tax Expense |
-$39,000.00 |
$472,000.00 |
$722,000.00 |
$352,000.00 |
$515,000.00 |
$446,000.00 |
$178,000.00 |
$230,000.00 |
$1.93 M |
-$1.04 M |
| Net Income |
-$38.87 M |
$29.79 M |
$60.46 M |
$21.84 M |
$36.99 M |
$38.60 M |
$30.41 M |
$40.34 M |
$34.29 M |
$24.40 M |
| Net Income Ratio |
-0.2 |
0.27 |
0.59 |
0.28 |
0.48 |
0.7 |
0.66 |
0.89 |
0.41 |
0.38 |
| EPS |
-0.72 |
0.58 |
1.43 |
0.66 |
1.29 |
1.35 |
1.07 |
1.42 |
1.2 |
0.86 |
| EPS Diluted |
-0.72 |
0.57 |
1.42 |
0.66 |
1.28 |
1.35 |
1.07 |
1.41 |
1.2 |
0.85 |
| Weighted Average Shares
Out |
$54.28 M
|
$51.68 M
|
$42.40 M
|
$32.98 M
|
$28.61 M
|
$28.53 M
|
$28.48 M
|
$28.46 M
|
$28.50 M
|
$28.46 M
|
| Weighted Average Shares
Out Diluted |
$54.28 M
|
$52.13 M
|
$42.68 M
|
$33.20 M
|
$28.85 M
|
$28.66 M
|
$28.55 M
|
$28.52 M
|
$28.60 M
|
$28.59 M
|
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