Ares Commercial Real Estate Corp - Understand $acre stock

$ACRE Market Cap: $386.2 Million

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Financial Snapshot

Revenue

$99.65M

TTM

Gross Margin

70.99%

TTM

Net Earnings

-$63.74M

TTM

Current Assets

$68.88M

Q3 2024

Current Liabilities

$17.92M

Q3 2024

Current Ratio

384.49%

Q3 2024

Total Assets

$1.941B

Q3 2024

Total Liabilities

$1.377B

Q3 2024

Book Value

$563.8M

Q3 2024

Cash

$68.88M

Q3 2024

P/E

-6.058

Nov 29, 2024 EST

Free Cash Flow

$10.09M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$92.93M	$106.8M	$102.1M	$82.70M	$77.26M	$55.28M	$46.35M	$45.11M	$50.00M	$37.54M	$22.63M	$6.936M	$0.00
YoY Change	-13.03%	4.68%	23.43%	7.04%	39.75%	19.28%	2.75%	-9.78%	33.19%	65.9%	226.23%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$92.93M	$106.8M	$102.1M	$82.70M	$77.26M	$55.28M	$46.35M	$45.11M	$50.00M	$37.54M	$22.63M	$6.936M	$0.00
Cost Of Revenue	$121.9M	$81.57M	$63.88M	$61.80M	$70.90M	$70.40M	$57.80M	$42.80M	$41.70M	$39.10M	$19.20M	$4.200M	$0.00
Gross Profit	$80.66M	$91.27M	$88.27M	$72.90M	$69.00M	$47.90M	$39.80M	$39.20M	$44.60M	$32.10M	$27.80M	$5.100M	$0.00
Gross Profit Margin	86.8%	85.42%	86.48%	88.15%	89.31%	86.65%	85.87%	86.9%	89.21%	85.51%	122.86%	73.53%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$14.95M	$17.15M	$26.25M	$25.60M	$30.80M	$8.800M	$8.400M	$8.500M	$8.300M	$9.100M	$15.90M	$4.100M	$100.0K
YoY Change	-12.86%	-34.66%	2.54%	-16.88%	250.0%	4.76%	-1.18%	2.41%	-8.79%	-42.77%	287.8%	4000.0%
% of Gross Profit	18.53%	18.79%	29.74%	35.12%	44.64%	18.37%	21.11%	21.68%	18.61%	28.35%	57.19%	80.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.000M	$0.00	$825.0K	$892.0K	$667.0K	$0.00	$0.00	$167.0K	$219.0K	$160.0K	$38.00K
YoY Change		-100.0%	-7.51%	33.73%			-100.0%	-23.74%	36.88%	321.05%
% of Gross Profit	1.24%	0.0%	0.93%	1.22%	0.97%	0.0%	0.0%	0.43%	0.49%	0.5%	0.14%
Operating Expenses	$119.6M	$63.21M	$27.09M	$50.70M	$31.40M	$8.800M	$8.300M	$8.500M	$8.300M	$9.100M	$16.00M	$4.100M	$200.0K
YoY Change	89.15%	133.38%	-46.58%	61.46%	256.82%	6.02%	-2.35%	2.41%	-8.79%	-43.12%	290.24%	1950.0%
Operating Profit	-$38.91M	$28.06M	$61.18M	$22.20M	$37.60M	$39.10M	$31.50M	$30.70M	$36.30M	$23.00M	$11.80M	$1.000M	-$200.0K
YoY Change	-238.65%	-54.14%	175.59%	-40.96%	-3.84%	24.13%	2.61%	-15.43%	57.83%	94.92%	1080.0%	-600.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2013	2012	2011
Interest Expense	$1.700M	-$100.0K	$0.00
YoY Change	-1800.0%
% of Operating Profit	14.41%	-10.0%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	-$38.91M	$30.26M	$61.18M	$22.19M	$37.51M	$39.04M	$30.61M	$30.68M	$36.32M	$22.99M	$12.33M	$860.0K	-$200.0K
YoY Change	-228.59%	-50.55%	175.69%	-40.83%	-3.93%	27.55%	-0.23%	-15.54%	58.01%	86.46%	1333.6%	-530.0%
Income Tax	-$39.00K	$472.0K	$722.0K	$352.0K	$515.0K	$446.0K	$178.0K	$230.0K	-$11.00K	$240.0K	$176.0K	$0.00	$0.00
% Of Pretax Income		1.56%	1.18%	1.59%	1.37%	1.14%	0.58%	0.75%	-0.03%	1.04%	1.43%	0.0%
Net Earnings	-$38.87M	$29.79M	$60.46M	$21.84M	$36.99M	$38.60M	$30.41M	$44.87M	$43.32M	$24.62M	$13.77M	$860.0K	-$200.0K
YoY Change	-230.49%	-50.74%	176.83%	-40.96%	-4.16%	26.93%	-32.23%	3.57%	75.98%	78.82%	1500.7%	-530.0%
Net Earnings / Revenue	-41.83%	27.88%	59.23%	26.41%	47.88%	69.82%	65.61%	99.47%	86.65%	65.58%	60.84%	12.4%
Basic Earnings Per Share						$1.35	$1.07	$1.42	$1.20	$0.86	$0.72
Diluted Earnings Per Share	-$0.72	$0.57	$1.417M	$656.6K	$1.285M	$1.35	$1.07	$1.41	$1.20	$0.85	$0.72	$138.5K	-$21.74K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$110.5M	$141.3M	$50.62M	$74.80M	$5.300M	$11.10M	$28.30M	$47.30M	$9.000M	$16.60M	$20.10M	$23.40M	$1.200M
YoY Change	-21.81%	179.12%	-32.33%	1311.32%	-52.25%	-60.78%	-40.17%	425.56%	-45.78%	-17.41%	-14.1%	1850.0%
Cash & Equivalents	$110.5M	$141.3M	$50.62M	$74.80M	$5.300M	$11.10M	$28.30M	$47.30M	$9.000M	$16.60M	$20.10M	$23.40M	$1.200M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables												$1.700M	$0.00
Other Receivables												$0.00	$0.00
Total Short-Term Assets	$110.5M	$141.3M	$50.62M	$74.80M	$5.300M	$11.10M	$28.30M	$47.30M	$9.000M	$16.60M	$20.10M	$25.10M	$1.200M
YoY Change	-21.81%	179.12%	-32.33%	1311.32%	-52.25%	-60.78%	-40.17%	425.56%	-45.78%	-17.41%	-19.92%	1991.67%
Property, Plant & Equipment	$83.28M	$0.00	$36.60M	$37.30M	$37.90M
YoY Change		-100.0%	-1.87%	-1.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$28.06M	$27.94M			$1.683B	$1.525B	$1.726B	$1.314B	$1.267B	$1.725B	$1.107B	$353.5M	$4.900M
YoY Change	0.44%				10.34%	-11.67%	31.39%	3.72%	-26.54%	55.73%	213.27%	7114.29%
Other Assets				$0.00	$400.0K	$400.0K	$400.0K	$400.0K	$30.40M	$66.10M	$17.00M	$8.400M	$1.200M
YoY Change				-100.0%	0.0%	0.0%	0.0%	-98.68%	-54.01%	288.82%	102.38%	600.0%
Total Long-Term Assets	$2.169B	$2.382B	$2.581B	$1.855B	$1.779B	$1.592B	$1.742B	$1.326B	$1.370B	$1.846B	$1.157B	$362.8M	$6.400M
YoY Change	-8.92%	-7.73%	39.17%	4.27%	11.72%	-8.59%	31.33%	-3.18%	-25.77%	59.54%	218.85%	5568.75%
Total Assets	$2.280B	$2.523B	$2.632B	$1.930B	$1.784B	$1.603B	$1.770B	$1.374B	$1.379B	$1.862B	$1.177B	$387.9M	$7.600M
YoY Change
Accounts Payable												$1.800M	$0.00
YoY Change
Accrued Expenses													$100.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$22.36M	$24.93M	$20.83M	$14.30M	$12.30M	$12.10M	$10.40M	$10.10M	$9.800M	$9.900M	$9.900M	$5.400M	$900.0K
YoY Change	-10.32%	19.67%	45.66%	16.26%	1.65%	16.35%	2.97%	3.06%	-1.01%	0.0%	83.33%	500.0%
Long-Term Debt	$1.617B	$1.737B	$1.923B	$1.431B	$1.336B	$1.157B	$1.337B	$930.6M	$871.7M	$1.337B	$727.3M	$211.5M	$0.00
YoY Change	-6.89%	-9.7%	34.39%	7.15%	15.43%	-13.44%	43.65%	6.76%	-34.78%	83.78%	243.88%
Other Long-Term Liabilities	$14.58M	$13.97M	$9.182M	$11.20M	$9.900M	$8.600M	$3.900M	$3.300M	$41.00M	$34.80M	$33.50M	$3.600M	$200.0K
YoY Change	4.4%	52.13%	-18.02%	13.13%	15.12%	120.51%	18.18%	-91.95%	17.82%	3.88%	830.56%	1700.0%
Total Long-Term Liabilities	$1.632B	$1.751B	$1.932B	$1.442B	$1.346B	$1.166B	$1.341B	$933.9M	$912.7M	$1.371B	$760.8M	$215.1M	$200.0K
YoY Change	-6.8%	-9.41%	33.98%	7.19%	15.42%	-13.05%	43.56%	2.32%	-33.45%	80.26%	253.7%	107450.0%
Total Liabilities	$1.654B	$1.775B	$1.953B	$1.457B	$1.358B	$1.178B	$1.351B	$954.7M	$969.5M	$1.459B	$770.7M	$222.4M	$1.200M
YoY Change	-6.85%	-9.1%	34.1%	7.27%	15.29%	-12.83%	41.51%	-1.53%	-33.56%	89.33%	246.54%	18433.33%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	54.28M shares	51.68M shares	42.40M shares	32.98M shares	28.61M shares	28.53M shares	28.48M shares	28.46M shares	28.50M shares	28.46M shares	18.99M shares	6.533M shares
Diluted Shares Outstanding	54.28M shares	52.13M shares	42.68M shares	33.20M shares	28.85M shares	28.66M shares	28.55M shares	28.52M shares	28.60M shares	28.59M shares	19.04M shares	6.567M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $386.16 Million

About Ares Commercial Real Estate Corp

Ares Commercial Real Estate Corp. is a specialty finance company, which engages in the business of originating and investing in commercial real estate loans and related investments. The company is headquartered in Chicago, Illinois and currently employs 2,800 full-time employees. The company went IPO on 2012-04-26. The firm is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The firm operates through its segment, which is primarily focused on directly originating and managing a diversified portfolio of CRE debt-related investments for the Company’s own account. The Company’s target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential, and other commercial real estate properties, or by ownership interests therein. The Company’s portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).

Industry: Real Estate Investment Trusts Peers: ANNALY CAPITAL MANAGEMENT INC Armour Residential REIT, Inc. Broadmark Realty Capital Inc. DYNEX CAPITAL INC Ellington Financial Inc. Granite Point Mortgage Trust Inc. Invesco Mortgage Capital Inc. NEW YORK MORTGAGE TRUST INC REDWOOD TRUST INC TPG RE Finance Trust, Inc.