Ares Commercial Real Estate Corporation (ACRE)

ACRE Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-0.9	-34.99	-38.87	29.79	60.46
Depreciation & Amortization	13.1	9.85	4.92	7.1	10.72
Stock-Based Compensation	3.9	4.74	3.99	2.88	1.94
Other Adjustments	9.77	61.71	96.26	32.49	-8.42
Changes in Other Operating Activities	-4.53	-5.76	-19.51	-15.09	-16.35
Operating Cash Flow	21.35	35.55	46.79	57.16	48.35
Operating Cash Flow Growth	-39.93%	-24.02%	-18.14%	18.21%	52.23%
Purchases of Investments	-489.21	-44.1	-199.83	-652.72	-1,242
Proceeds from Sale of Investments	588.77	436.66	327.29	833.45	542.61
Other Investing Activities	48.59	35.35	-	12.44	-0.29
Investing Cash Flow	148.14	427.91	127.46	193.17	-699.69
Long-Term Debt Issued	487.55	136.76	43.67	372.19	1,616
Long-Term Debt Repaid	-613.95	-581	-164.13	-561.69	-1,122
Net Long-Term Debt Issued (Repaid)	-126.39	-444.25	-120.47	-189.5	494.21
Issuance of Common Stock	-	-	-	106.27	204.78
Repurchase of Common Stock	-	-	-4.6	-	-
Net Common Stock Issued (Repurchased)	-	-	-4.6	106.27	204.78
Common Dividends Paid	-39.01	-59.64	-75.95	-71.81	-58.42
Other Financing Activities	-3.23	-3.74	-4.05	-4.63	-13.39
Financing Cash Flow	-168.64	-507.63	-205.07	-159.67	627.17
Net Cash Flow	0.86	-44.17	-30.82	90.66	-24.16
Free Cash Flow	21.35	35.55	46.79	57.16	48.35
Free Cash Flow Growth	-39.93%	-24.02%	-18.14%	18.21%	52.23%
FCF Margin	38.94%	51.04%	50.35%	53.49%	47.37%
Free Cash Flow Per Share	0.39	0.65	0.86	1.10	1.13
Levered Free Cash Flow	-118.72	-475.14	-173.93	-167.7	549.04
Unlevered Free Cash Flow	12.15	25.13	37.48	48.68	42.71

Updated Feb 10, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q