Ares Commercial Real Estate Corporation (ACRE)

ACRE Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	123.43	157.72	198.61	170.17	133.63	121.05
Total Interest Expense	83.97	105.99	109.65	65.99	50.08	51.95
Net Interest Income	39.46	51.73	88.96	104.18	83.55	69.1
Other Revenue	22.21	17.92	3.97	2.67	18.52	13.59
Revenue Before Loan Losses	61.68	69.65	92.93	106.85	102.07	82.7
Provision for Loan Losses	-19	-18.15	91.83	46.06	0.01	20.19
Revenue	80.67	87.8	1.1	60.79	102.06	62.51
Revenue Growth (YoY)	58.54%	7874.75%	-98.19%	-40.44%	63.27%	-19.09%
Salaries & Employee Benefits	4.29	4.74	3.99	2.88	1.94	1.34
Cost of Services Provided	19.77	20.23	22	25.54	20.39	16.85
Other Operating Expenses	17.83	12.96	2.52	4.31	18.55	18.13
Total Operating Expenses	41.88	37.93	28.51	32.73	40.88	36.31
Operating Income	38.79	49.87	-27.41	28.06	61.18	26.2
EBT Excluding Unusual Items	38.79	49.87	-27.41	28.06	61.18	26.2
Pretax Income	-17.97	-35.01	-38.91	30.26	61.18	22.19
Income Tax Expense	0.26	-0.02	-0.04	0.47	0.72	0.35
Earnings From Continuing Ops.	-18.24	-34.99	-38.87	29.79	60.46	21.84
Net Income to Company	-18.24	-34.99	-38.87	29.79	60.46	21.84
Net Income	-18.24	-34.99	-38.87	29.79	60.46	21.84
Net Income to Common	-18.24	-34.99	-38.87	29.79	60.46	21.84
Net Income Growth	-	-	-	-50.74%	176.83%	-40.96%
Shares Outstanding (Basic)	55	54	54	52	42	33
Shares Outstanding (Diluted)	55	54	54	52	43	33
Shares Change (YoY)	0.75%	0.30%	4.14%	22.13%	28.57%	15.08%
EPS (Basic)	-0.33	-0.64	-0.72	0.58	1.43	0.66
EPS (Diluted)	-0.33	-0.64	-0.72	0.57	1.42	0.66
EPS Growth	-	-	-	-59.86%	115.15%	-48.44%
Dividend Per Share	0.800	1.000	1.320	1.320	1.320	1.320
Dividend Growth	-31.03%	-24.24%	-	-	-	-
Operating Margin	48.08%	56.80%	-2489.74%	46.16%	59.95%	41.91%
Profit Margin	-22.60%	-39.85%	-3530.15%	49.00%	59.24%	34.94%
Effective Tax Rate	-	-	-	1.56%	1.18%	1.59%

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q