Ares Commercial Real Estate Corporation ACRE
Ares Commercial Real Estate Corporation (the "Company") is a specialty finance company primarily engaged in directly originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, the Company provides a broad offering of flexible and reliable financing solutions for commercial real estate owners and operators. The Company invests in whole and co-invested senior mortgage loans, as well as subordinate financings, mezzanine debt and preferred equity, with an emphasis on providing value added financing on a variety of properties located in liquid markets across the United States. Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation.
Snapshot
Reported FFO / Distributable EPS / leverage are from the Q1 2026 earnings release (filed 2026-05-07) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $85.35M | $-902.00K | $8.40M | $70.19M | $21.35M |
| 2024 | $87.80M | $-34.99M | $5.41M | $5.41M | $35.55M |
| 2023 | $1.10M | $-38.87M | $1.02M | $1.02M | $46.79M |
| 2022 | $109.05M | $29.79M | $7.10M | $7.10M | $57.16M |
| 2021 | $102.07M | $60.46M | $39.22M | $61.18M | $48.35M |
| 2020 | $78.69M | $21.84M | $892.00K | $0.00 | $31.76M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-05-07 | $0.15 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-10 | $0.15 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-11-07 | $0.15 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-08-05 | $0.15 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-07 | $0.15 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-02-12 | $0.15 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-11-07 | $0.25 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-08-06 | $0.25 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-16 | 2024-05-09 | $0.25 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-16 | 2024-02-22 | $0.25 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-17 | 2023-11-03 | $0.33 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-17 | 2023-08-02 | $0.33 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-18 | 2023-05-02 | $0.35 | Special |
| 2023-03-30 | 2023-03-31 | 2023-04-18 | 2023-02-15 | $0.35 | Special |
| 2022-12-29 | 2022-12-30 | 2023-01-18 | 2022-11-02 | $0.35 | Special |
| 2022-09-29 | 2022-09-30 | 2022-10-17 | 2022-07-29 | $0.35 | Special |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-05-03 | $0.35 | Special |
| 2022-03-30 | 2022-03-31 | 2022-04-14 | 2022-02-15 | $0.35 | Special |
| 2021-12-30 | 2021-12-31 | 2022-01-19 | 2021-11-03 | $0.35 | Special |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-07-30 | $0.35 | Special |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-05-04 | $0.35 | Special |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-02-17 | $0.35 | Special |
| 2020-12-29 | 2020-12-30 | 2021-01-15 | 2020-12-15 | $0.33 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-09-16 | $0.33 | Quarterly |
Coverage (payout of operating cash flow): 154.22%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.