Ares Commercial Real Estate Corporation (ACRE)

ACRE Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-4.44	-0.9	-34.99	-38.87	29.79	60.46
Depreciation & Amortization	10.05	13.1	9.85	4.92	7.1	10.72
Stock-Based Compensation	3.7	3.9	4.74	3.99	2.88	1.94
Other Adjustments	18.07	9.77	61.71	96.26	32.49	-8.42
Changes in Other Operating Activities	-71.41	-4.53	-5.76	-19.51	-15.09	-16.35
Operating Cash Flow	15.4	21.35	35.55	46.79	57.16	48.35
Operating Cash Flow Growth	-45.76%	-39.93%	-24.02%	-18.14%	18.21%	52.23%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Purchases of Investments	-802.23	-489.21	-44.1	-199.83	-652.72	-1,242
Proceeds from Sale of Investments	362.69	588.77	436.66	327.29	833.45	542.61
Other Investing Activities	46.62	48.59	35.35	-	12.44	-0.29
Investing Cash Flow	-388.13	148.14	427.91	127.46	193.17	-699.69

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	803.31	487.55	136.76	43.67	372.19	1,616
Long-Term Debt Repaid	-429.71	-613.95	-581	-164.13	-561.69	-1,122
Net Long-Term Debt Issued (Repaid)	373.6	-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	-33.62	-39.01	-59.64	-75.95	-71.81	-58.42
Other Financing Activities	-2.81	-3.23	-3.74	-4.05	-4.63	-13.39
Financing Cash Flow	337.17	-168.64	-507.63	-205.07	-159.67	627.17

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-35.56	0.86	-44.17	-30.82	90.66	-24.16

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	15.4	21.35	35.55	46.79	57.16	48.35
Free Cash Flow Growth	-45.76%	-39.93%	-24.02%	-18.14%	18.21%	52.23%
FCF Margin	27.93%	38.94%	51.04%	50.35%	53.49%	47.37%
Free Cash Flow Per Share	0.28	0.39	0.65	0.86	1.10	1.13
Levered Free Cash Flow	307.8	-118.72	-475.14	-173.93	-167.7	549.04
Unlevered Free Cash Flow	-53.06	13.82	25.12	37.5	50.31	42.85

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Aug 3, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 4, 2026

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