Ares Commercial Real Estate Corporation (ACRE)

ACRE Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	157.72	198.61	170.17	133.63	121.05
Total Interest Expense	105.99	109.65	65.99	50.08	51.95
Net Interest Income	51.73	88.96	104.18	83.55	69.1
Other Revenue	17.92	3.97	2.67	18.52	13.59
Revenue Before Loan Losses	69.65	92.93	106.85	102.07	82.7
Provision for Loan Losses	-18.15	91.83	46.06	0.01	20.19
Revenue	87.8	1.1	60.79	102.06	62.51
Revenue Growth (YoY)	7874.75%	-98.19%	-40.44%	63.27%	-19.09%
Salaries & Employee Benefits	4.74	3.99	2.88	1.94	1.34
Cost of Services Provided	20.23	22	25.54	20.39	16.85
Other Operating Expenses	12.96	2.52	4.31	18.55	18.13
Total Operating Expenses	37.93	28.51	32.73	40.88	36.31
Operating Income	49.87	-27.41	28.06	61.18	26.2
EBT Excluding Unusual Items	49.87	-27.41	28.06	61.18	26.2
Pretax Income	-35.01	-38.91	30.26	61.18	22.19
Income Tax Expense	-0.02	-0.04	0.47	0.72	0.35
Earnings From Continuing Ops.	-34.99	-38.87	29.79	60.46	21.84
Net Income to Company	-34.99	-38.87	29.79	60.46	21.84
Net Income	-34.99	-38.87	29.79	60.46	21.84
Net Income to Common	-34.99	-38.87	29.79	60.46	21.84
Net Income Growth	-	-	-50.74%	176.83%	-40.96%
Shares Outstanding (Basic)	54	54	52	42	33
Shares Outstanding (Diluted)	54	54	52	43	33
Shares Change (YoY)	0.30%	4.14%	22.13%	28.57%	15.08%
EPS (Basic)	-0.64	-0.72	0.58	1.43	0.66
EPS (Diluted)	-0.64	-0.72	0.57	1.42	0.66
EPS Growth	-	-	-59.86%	115.15%	-48.44%
Dividend Per Share	1.000	1.320	1.320	1.320	1.320
Dividend Growth	-24.24%	-	-	-	-
Operating Margin	56.80%	-2489.74%	46.16%	59.95%	41.91%
Profit Margin	-39.85%	-3530.15%	49.00%	59.24%	34.94%
Effective Tax Rate	-	-	1.56%	1.18%	1.59%

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q