ACRE · XBRL financial data

Ares Commercial Real Estate financial statements, every fiscal year

The same tables from 6 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 years (ACRE's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	83	102	107	93	70	55
General and administrative	4	5	6	7	8	7
Income tax expense (benefit)	0	1	0	(0)	(0)	0
Net income (loss)	22	60	30	(39)	(35)	(1)
Weighted average shares, basic millions of shares	33	42	52	54	54	55
Weighted average shares, diluted millions of shares	33	43	52	54	54	55

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	75	51	141	110	64	29
Total assets	1,929	2,632	2,523	2,280	1,751	1,618
Total liabilities	1,456	1,953	1,775	1,654	1,211	1,109
Accumulated deficit	(25)	(29)	(73)	(187)	(277)	(312)
Total stockholders' equity	473	679	748	626	540	510
Total liabilities and equity	1,929	2,632	2,523	2,280	1,751	1,618
Common shares outstanding (cover page) millions of shares	33	47	55	54	55	55

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	22	60	30	(39)	(35)	(1)
Stock-based compensation	1	2	3	4	5	4
Depreciation and amortization	—	1	0	1	5	8
Net cash from operating activities	32	48	57	47	36	21
Net cash from investing activities	(82)	(700)	193	127	428	148
Share repurchases	—	0	0	5	0	0
Dividends paid	43	58	72	76	60	39
Net cash from financing activities	119	627	(160)	(205)	(508)	(169)
Net change in cash	69	(24)	91	(31)	(44)	1

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	30	13*	33.5M	Q3 FY26 10-QSep 30, 2026

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