ACRE - Ares Commercial Real Estate Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$5.00
DETAILS
HIGH:
$5.00
LOW:
$5.00
MEDIAN:
$5.00
CONSENSUS:
$5.00
UPSIDE:
2.67%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 85.3 | 87.8 | 1.1 | 109.0 | 102.1 | 78.7 | 77.3 | 55.3 | 46.3 | 45.1 | 84.3 | 63.8 | 33.8 | 6.6 |
| Cost of Revenue | 36.4 | 0 | 0 | 0 | 18.6 | 0 | 0 | 7.4 | 6.6 | 6.1 | 20.4 | 18.6 | 5.5 | 0 |
| Gross Profit | 49.0 | 87.8 | 1.1 | 109.0 | 83.5 | 78.7 | 77.3 | 47.9 | 39.8 | 39.0 | 63.9 | 45.1 | 28.3 | 6.6 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 9.8 | 25.0 | 26.0 | 10.2 | 7.8 | 7.4 | 7.2 | 6.9 | 6.7 | 6.2 | 31.1 | 31.9 | 13.0 | 2.9 |
| Other Expenses | (22.6) | 0 | 0 | 98.9 | (48.6) | 71.3 | 70.0 | (8.8) | (8.4) | (8.3) | (8.1) | 0 | 0 | 0 |
| Operating Expenses | (12.8) | 25.0 | 26.0 | 109.0 | (40.9) | 78.7 | 77.3 | 6.9 | 6.7 | 6.2 | 31.1 | 31.9 | 13.0 | 2.9 |
| Operating Income | ||||||||||||||
| Operating Income | 61.8 | 62.8 | (24.9) | 0 | 61.2 | 0 | 0 | 102.0 | 30.4 | 30.5 | 55.1 | 33.5 | 26.3 | 3.5 |
| Interest Expense | 65.2 | 106.0 | 117.2 | 66.0 | 50.1 | 51.9 | 62.6 | 63.0 | 51.2 | 36.9 | 36.3 | 33.6 | 15.3 | 2.7 |
| Interest Income | 97.6 | 157.7 | 206.2 | 170.2 | 133.6 | 121.1 | 114.8 | 118.3 | 97.5 | 82.0 | 86.3 | 70.5 | 37.6 | 9.3 |
| Profitability | ||||||||||||||
| EBITDA | 70.2 | 0 | 0 | 0 | 61.2 | 0 | 0 | 102.0 | 81.8 | 82.0 | 36.5 | 24.5 | 13.6 | 0 |
| EBIT | 61.8 | 0 | 0 | 0 | 114.7 | (0.9) | (0.7) | 39.0 | 31.4 | 30.7 | 36.3 | 24.4 | 13.6 | 0.9 |
| Income Before Tax | (0.6) | 35.0 | 38.9 | 30.3 | 61.2 | 22.2 | 37.5 | 39.0 | 30.6 | 30.7 | 45.2 | 23.6 | 13.9 | 0.9 |
| Income Tax Expense | 0.3 | 0.0 | 0.0 | 0.5 | 0.7 | 0.4 | 0.5 | 0.4 | 0.2 | 0.2 | 1.9 | (1.0) | 0.2 | 4.4 |
| Net Income | (0.9) | (35.0) | (38.9) | 29.8 | 60.5 | 21.8 | 37.0 | 38.6 | 30.4 | 40.3 | 34.3 | 24.4 | 13.8 | 0.9 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -0.02 | -0.64 | -0.72 | 0.58 | 1.43 | 0.66 | 1.29 | 1.35 | 1.07 | 1.42 | 1.20 | 0.86 | 0.72 | 0.03 |
| EPS (Diluted) | -0.02 | -0.64 | -0.72 | 0.57 | 1.42 | 0.66 | 1.28 | 1.35 | 1.07 | 1.41 | 1.20 | 0.85 | 0.72 | 0.03 |
| Shares Outstanding | 54.9 | 54.4 | 54.3 | 51.7 | 42.4 | 33.0 | 28.6 | 28.5 | 28.5 | 28.5 | 28.5 | 28.5 | 19.0 | 6.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 29.3 | 63.8 | 110.5 | 141.3 | 50.6 | 74.8 | 5.3 | 11.1 | 28.3 | 47.3 |
| Short-Term Investments | 0 | 0 | 28.1 | 27.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 17.8 | 1,520.5 | 35.7 | 132.5 | 131.2 | 1,791.6 | 1,682.5 | 52.4 | 0.9 | 0.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 20.2 | 10.6 | (174.2) | (301.7) | (181.8) | 17.6 | 42.8 | (52.4) | (0.9) | (0.2) |
| Total Current Assets | 67.2 | 1,594.9 | 0 | 0 | 0 | 1,884.0 | 1,730.5 | 0 | 0 | 0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 113.3 | 115.3 | 0 | 0 | 0 | 37.3 | 37.9 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 16.9 | 23.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 130.2 | 8.7 | 28.1 | 27.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,290.6 | 8.6 | (28.1) | (27.9) | 0 | 8.2 | 15.7 | 0 | 0 | 0 |
| Total Non-Current Assets | 1,550.9 | 156.3 | 0 | 0 | 0 | 45.5 | 53.6 | 0 | 0 | 0 |
| Total Assets | 1,618.1 | 1,751.2 | 2,279.8 | 2,523.0 | 2,631.8 | 1,929.5 | 1,784.1 | 1,603.3 | 1,770.2 | 1,373.7 |
| Current Liabilities | ||||||||||
| Account Payables | 0.3 | 0 | 2.3 | 1.9 | 0.6 | 0 | 0 | 0.5 | 0.4 | 0 |
| Short-Term Debt | 858.2 | 359.7 | 0 | 705.2 | 819.4 | 277.5 | 711.1 | 36.3 | 744.5 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (48.9) | (10.8) | 0 |
| Other Current Liabilities | 0 | 13.9 | 0 | (732.1) | (840.8) | 11.1 | 9.5 | (48.9) | (755.3) | (10.1) |
| Total Current Liabilities | 870.9 | 378.8 | 24.6 | 0 | 0 | 292.2 | 724.2 | 0.5 | 744.9 | 578.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 189.3 | 812.6 | 1,617.0 | 1,031.3 | 1,083.2 | 1,153.5 | 624.5 | 415.4 | 1,336.8 | 930.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1,177.7) | (1,351.0) | (944.0) |
| Other Non-Current Liabilities | 48.4 | 19.7 | 12.3 | (1,031.3) | (1,083.2) | 10.8 | 9.1 | (415.4) | (1,336.8) | (930.6) |
| Total Non-Current Liabilities | 237.6 | 832.3 | 1,629.3 | 0 | 0 | 1,164.3 | 633.6 | 1,177.7 | 1,351.0 | 944.0 |
| Total Liabilities | 1,108.6 | 1,211.1 | 1,653.9 | 1,775.5 | 1,953.2 | 1,456.5 | 1,357.8 | 1,177.7 | 1,351.0 | 944.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Retained Earnings | (311.8) | (277.4) | (187.0) | (73.3) | (28.6) | (25.1) | 2.4 | 3.6 | (1.8) | (1.3) |
| Accumulated Other Comprehensive Income | 0 | 0.0 | 0.2 | 7.5 | 2.8 | 0 | 0 | 0 | 419.2 | 0 |
| Total Stockholders' Equity | 509.6 | 540.1 | 625.8 | 747.5 | 678.6 | 473.0 | 426.3 | 425.6 | 419.2 | 419.0 |
| Total Liabilities & Equity | 1,618.1 | 1,751.2 | 2,279.8 | 2,523.0 | 2,631.8 | 1,929.5 | 1,784.1 | 1,603.3 | 1,770.2 | 1,373.7 |
| Debt Metrics | ||||||||||
| Total Debt | 1,047.5 | 1,172.4 | 1,617.0 | 1,736.6 | 1,902.5 | 1,431.0 | 1,335.6 | 379.1 | 378.8 | 149.9 |
| Net Debt | 1,018.2 | 1,108.6 | 1,506.5 | 1,595.3 | 1,851.9 | 1,356.3 | 1,330.4 | 368.0 | 350.5 | 102.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (0.9) | (35.0) | (38.9) | 29.8 | 60.5 | 21.8 | 37.0 | 38.6 | 30.4 | 34.7 |
| Depreciation & Amortization | 4.6 | 5.4 | 0 | 0 | 9.9 | 0.9 | 0.7 | 5.7 | 7.6 | 0.2 |
| Stock-Based Compensation | 3.9 | 4.7 | 4.0 | 2.9 | 1.9 | 1.3 | 1.9 | 1.1 | 0.6 | 0.3 |
| Change in Working Capital | (4.5) | (5.8) | (19.5) | (15.1) | (16.3) | (15.5) | (6.6) | 0.7 | (1.5) | 43.3 |
| Other Non-Cash Items | 18.2 | 66.2 | 101.2 | 39.6 | 2.3 | (0.1) | 0.2 | (1.2) | 1.0 | (71.9) |
| Operating Cash Flow | 21.4 | 35.5 | 46.8 | 57.2 | 48.4 | 31.8 | 32.5 | 39.2 | 31.3 | 8.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1.6) | 0 | 0 | 0 | (0.1) | (0.3) | (1.7) | 0 | 0 | (0.4) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90.0 |
| Purchases of Investments | 0 | 0 | 0 | (27.9) | (0.1) | (0.3) | (1.7) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 2.1 | 0 | 0 | 0 | 0 | 0.0 | 0.0 |
| Other Investing Activities | 148.1 | 427.9 | 127.5 | 219.0 | (699.4) | (81.3) | (171.1) | 157.9 | (405.8) | (133.3) |
| Investing Cash Flow | 148.1 | 427.9 | 127.5 | 193.2 | (699.7) | (81.9) | (174.4) | 157.9 | (405.8) | (43.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (129.6) | (444.2) | (120.5) | (189.5) | 494.2 | 94.1 | 179.4 | (180.0) | 405.2 | 150.4 |
| Stock Repurchased | 0 | 0 | (4.6) | 0 | 0 | 0 | 0 | 0 | 0 | (1.4) |
| Dividends Paid | (39.0) | (59.6) | (76.0) | (71.8) | (58.4) | (42.8) | (37.5) | (32.1) | (30.5) | (29.4) |
| Other Financing Activities | 0 | (3.7) | (4.0) | (4.6) | (13.4) | (5.4) | (5.8) | (2.3) | (19.1) | (46.5) |
| Financing Cash Flow | (168.6) | (507.6) | (205.1) | (159.7) | 627.2 | 119.2 | 136.1 | (214.4) | 355.6 | 73.1 |
| Cash Position | ||||||||||
| Net Change in Cash | 0.9 | (44.2) | (30.8) | 90.7 | (24.2) | 69.1 | (5.8) | (17.3) | (18.9) | 38.3 |
| Cash at Beginning | 66.3 | 110.5 | 141.3 | 50.6 | 74.8 | 5.6 | 11.5 | 28.7 | 47.3 | 9.0 |
| Cash at End | 67.2 | 66.3 | 110.5 | 141.3 | 50.6 | 74.8 | 5.6 | 11.5 | 28.3 | 47.3 |
| Free Cash Flow | 19.7 | 35.5 | 46.8 | 57.2 | 48.2 | 31.5 | 30.8 | 39.2 | 31.3 | 8.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 85.3 | 87.8 | 1.1 | 109.0 | 102.1 | 78.7 | 77.3 | 55.3 | 46.3 | 45.1 | 84.3 | 63.8 | 33.8 | 6.6 |
| Gross Profit | 49.0 | 87.8 | 1.1 | 109.0 | 83.5 | 78.7 | 77.3 | 47.9 | 39.8 | 39.0 | 63.9 | 45.1 | 28.3 | 6.6 |
| Operating Income | 61.8 | 62.8 | (24.9) | 0 | 61.2 | 0 | 0 | 102.0 | 30.4 | 30.5 | 55.1 | 33.5 | 26.3 | 3.5 |
| Net Income | (0.9) | (35.0) | (38.9) | 29.8 | 60.5 | 21.8 | 37.0 | 38.6 | 30.4 | 40.3 | 34.3 | 24.4 | 13.8 | 0.9 |
| EPS (Diluted) | -0.02 | -0.64 | -0.72 | 0.57 | 1.42 | 0.66 | 1.28 | 1.35 | 1.07 | 1.41 | 1.20 | 0.85 | 0.72 | 0.03 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 29.3 | 63.8 | 110.5 | 141.3 | 50.6 | 74.8 | 5.3 | 11.1 | 28.3 | 47.3 | ||||
| Total Assets | 1,618.1 | 1,751.2 | 2,279.8 | 2,523.0 | 2,631.8 | 1,929.5 | 1,784.1 | 1,603.3 | 1,770.2 | 1,373.7 | ||||
| Total Debt | 1,047.5 | 1,172.4 | 1,617.0 | 1,736.6 | 1,902.5 | 1,431.0 | 1,335.6 | 379.1 | 378.8 | 149.9 | ||||
| Stockholders' Equity | 509.6 | 540.1 | 625.8 | 747.5 | 678.6 | 473.0 | 426.3 | 425.6 | 419.2 | 419.0 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 21.4 | 35.5 | 46.8 | 57.2 | 48.4 | 31.8 | 32.5 | 39.2 | 31.3 | 8.5 | ||||
| Capital Expenditure | (1.6) | 0 | 0 | 0 | (0.1) | (0.3) | (1.7) | 0 | 0 | (0.4) | ||||
| Free Cash Flow | 19.7 | 35.5 | 46.8 | 57.2 | 48.2 | 31.5 | 30.8 | 39.2 | 31.3 | 8.2 | ||||