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Ares Commercial Real Estate Cor (ACRE)
NYSE:ACRE
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Ares Commercial (ACRE) Income Statement

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Ares Commercial Income Statement

Last quarter (Q3 2024), Ares Commercial's total revenue was $16.65M, a decrease of -12.34% from the same quarter last year. In Q3, Ares Commercial's net income was $-5.88M. See Ares Commercial’s key income statements, including revenue, expenses, profit, and income.
Income Statement
TTM
Dec 23Dec 22Dec 21Dec 20Dec 19
Total Revenue
$ 68.70M$ 81.43M$ 109.05M$ 102.07M$ 82.70M$ 77.26M
Cost of Revenue
$ 11.06M$ 12.26M$ 14.90M$ 12.14M$ 8.16M$ 7.36M
Gross Profit
$ 58.63M$ 80.66M$ 91.95M$ 89.93M$ 74.54M$ 69.90M
Operating Expense
$ 6.06M$ 4.35M$ 1.66M$ -14.39M$ -15.41M$ -19.63M
Operating Income
$ -13.95M$ -12.64M$ -13.88M$ 20.77M$ 20.84M$ 37.32M
Net Non Operating Interest Income Expense
$ -113.66M$ -109.65M$ -63.80M$ -50.08M$ -51.95M$ -62.58M
Other Income Expense
$ 67.89M$ 11.49M$ 74.43M$ 63.97M$ 4.01M$ 38.12M
Pretax Income
$ -63.83M$ -38.91M$ 30.26M$ 61.18M$ 22.19M$ 37.51M
Tax Provision
$ -88.00K$ -39.00K$ 472.00K$ 722.00K$ 352.00K$ 515.00K
Earnings From Equity Interest Net Of Tax
$ -69.28M$ -74.83M$ -74.48M$ -63.97M$ -44.33M$ -38.12M
Net Income Common Stockholders
$ -63.74M$ -38.87M$ 29.79M$ 60.46M$ 21.84M$ 89.01M
Basic EPS
$ -1.18$ -0.72$ 0.58$ 1.43$ 0.66$ 2.57
Diluted EPS
$ -1.18$ -0.72$ 0.57$ 1.42$ 0.66$ 1.28
Basic Average Shares
$ 217.39M$ 54.28M$ 51.68M$ 42.40M$ 32.98M$ 28.61M
Diluted Average Shares
$ 216.68M$ 54.28M$ 52.13M$ 42.68M$ 33.20M$ 28.85M
Dividend Per Share
$ 1.08$ 1.32$ 1.40$ 1.40$ 1.32-
Total Operating Income As Reported
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Reported Normalized Basic E P S
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Reported Normalized Diluted E P S
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Rent Expense Supplemental
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Total Expenses
$ 17.85M$ 16.61M$ 16.56M$ -2.25M$ -7.25M$ -12.26M
Net Income From Continuing And Discontinued Operation
$ -63.74M$ -38.87M$ 29.79M$ 60.46M$ 21.84M$ 36.99M
Normalized Income
$ -63.74M-----
Interest Expense
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EBIT
$ 27.25M$ 8.95M$ 96.25M$ 111.26M$ 74.14M$ 100.09M
EBITDA
$ 30.52M$ 9.43M$ 91.97M$ 113.55M$ 74.04M$ 100.31M
Currency in USD

Ares Commercial Earnings and Revenue History

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