ACRE · XBRL financial data

Ares Commercial Real Estate financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (ACRE's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue	24	18*	19	17	17	18*	15	13	14	13*	13	14
General and administrative	2	2*	2	2	2	2*	2	2	2	2*	1	2
Income tax expense (benefit)	(0)	(0)*	0	0	(0)	(0)*	0	0	(0)	0*	0	0
Net income (loss)	9	(39)	(12)	(6)	(6)	(11)	9	(11)	5	(4)	(10)	4
Weighted average shares, basic millions of shares	54	54*	54	54	54	54*	55	55	55	55*	55	55
Weighted average shares, diluted millions of shares	55	53*	54	54	54	54*	56	55	56	53*	55	56

Fiscal quarters (ACRE's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	61	110	100	71	69	64	125	90	85	29	86	18
Total assets	2,363	2,280	2,111	2,070	1,941	1,751	1,520	1,439	1,392	1,618	1,836	1,817
Total liabilities	1,680	1,654	1,510	1,487	1,377	1,211	977	915	871	1,109	1,344	1,328
Accumulated deficit	(129)	(187)	(213)	(233)	(253)	(277)	(276)	(296)	(299)	(312)	(330)	(334)
Total stockholders' equity	683	626	601	582	564	540	542	524	521	510	492	489
Total liabilities and equity	2,363	2,280	2,111	2,070	1,941	1,751	1,520	1,439	1,392	1,618	1,836	1,817
Common shares outstanding (cover page) millions of shares	54	54	55	55	55	55	55	55	55	55	55	55

Fiscal quarters (ACRE's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	9	(39)	(12)	(6)	(6)	(11)	9	(11)	5	(4)	(10)	4
Stock-based compensation	1*	1*	1	1*	1*	1*	1	1*	1*	1*	1	1*
Depreciation and amortization	0*	1*	1	1	1	2*	2	2	2	2*	1	1
Net cash from operating activities	14*	10*	11	9*	8*	7*	8	5*	4*	5*	(57)	64*
Net cash from investing activities	(48)*	86*	134	(0)*	122*	173*	299	26*	113*	(290)*	(90)	(122)*
Share repurchases	0*	0*	—	—	0*	0*	—	—	—	year only	—	—
Dividends paid	19*	18*	18	14*	14*	14*	14	8*	8*	8*	8	8*
Net cash from financing activities	(47)*	(46)*	(156)	(37)*	(128)*	(186)*	(244)	(66)*	(87)*	229*	214	(18)*
Net change in cash	(82)*	49*	(11)	(29)*	2*	(6)*	63	(35)*	30*	(57)*	67	(76)*

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Ares Commercial Real Estate	18	14	64*	55.5M	Q2 FY26 10-QJun 30, 2026
FrontView REIT	6	18	11*	24.5M	Q2 FY26 10-QJun 30, 2026
Chicago Atlantic Real Estate Finance	13	not reported	9.1*	25.6M	Q2 FY26 10-QJun 30, 2026
NewLake Capital Partners	26	12	10*	20.6M	Q2 FY26 10-QJun 30, 2026
TPG Mortgage Investment Trust	62	not reported	24*	31.8M	Q2 FY26 10-QJun 30, 2026
Industrial Logistics Properties Trust	131	not reported	13*	67.0M	Q3 FY26 10-QSep 30, 2026
Alpine Income Property Trust	12	20	2*	17.9M	Q3 FY26 10-QSep 30, 2026
Chatham Lodging Trust	11	88	26*	46.6M	Q2 FY26 10-QJun 30, 2026
Postal Realty Trust	1.8	29	14*	30.2M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.