Ares Commercial Real Estate Corporation (FRA:41I)

FRA:41I Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	84.87	63.8	110.46	141.28	50.62	74.78
Long-Term Investments	-	8.68	28.06	27.94	-	-
Trading Asset Securities	-	-	-	6.57	2.98	-
Loans & Lease Receivables	1,116	1,520	1,967	2,198	2,390	1,792
Other Receivables	6.2	8.1	45	143.5	145.69	17.61
Property, Plant & Equipment	113.2	115.32	73.35	-	36.6	37.28
Other Intangible Assets	20.65	23.71	9.94	-	-	-
Restricted Cash	39.01	2.5	-	-	-	-
Other Long-Term Assets	12.05	8.63	7.35	5.69	5.51	8.21
Total Assets	1,392	1,751	2,280	2,523	2,632	1,929
Accrued Expenses	4.26	5.1	6.4	7.49	4.73	3.54
Short-Term Debt	-	-	-	-	-	50
Current Portion of Long-Term Debt	41.62	359.74	-	-	613.15	227.51
Long-Term Debt	768.27	812.63	1,617	1,737	1,310	1,154
Other Current Liabilities	8.37	13.92	18.22	19.35	16.67	11.12
Other Long-Term Liabilities	48.37	19.68	12.32	12.06	8.61	10.77
Total Liabilities	870.88	1,211	1,654	1,775	1,953	1,456
Common Stock	0.53	0.53	0.53	0.54	0.47	0.33
Additional Paid-In Capital	819.93	816.92	812.18	812.79	703.95	497.8
Retained Earnings	-299.48	-277.36	-187.02	-73.33	-28.63	-25.12
Comprehensive Income & Other	-	0.04	0.15	7.54	2.84	-
Total Common Equity	520.98	540.13	625.85	747.54	678.63	473.02
Shareholders' Equity	520.98	540.13	625.85	747.54	678.63	473.02
Total Liabilities & Equity	1,392	1,751	2,280	2,523	2,632	1,929
Total Debt	809.89	1,172	1,617	1,737	1,923	1,431
Net Cash (Debt)	-725.02	-1,109	-1,507	-1,589	-1,870	-1,356
Net Cash Per Share	-13.24	-20.36	-27.75	-30.48	-43.80	-40.86
Filing Date Shares Outstanding	54.92	54.82	54.39	54.59	47.18	33.39
Total Common Shares Outstanding	54.91	54.5	54.12	54.43	47.1	33.35
Working Capital	1,192	1,216	2,136	2,463	1,955	1,592
Book Value Per Share	9.49	9.91	11.57	13.73	14.41	14.18
Tangible Book Value	500.33	516.42	615.91	747.54	678.63	473.02
Tangible Book Value Per Share	9.11	9.48	11.38	13.73	14.41	14.18

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.