$ACRE
Ares Commercial Real Estate Corp Stock $acre

$acre Overview Financials Valuation SEC Filings Company Website

2014 Q1 Form 10-Q Financial Statement

#000110465914035446 Filed on May 07, 2014

Income Statement

Concept	2014 Q1	2013 Q1
Revenue	$9.207M	$5.326M
YoY Change	72.87%	460.63%
Cost Of Revenue	$8.120M	$2.000M
YoY Change	306.0%	488.24%
Gross Profit	$12.27M	$4.710M
YoY Change	160.51%	672.13%
Gross Profit Margin	133.27%	88.43%
Selling, General & Admin	$8.170M	$1.800M
YoY Change	353.89%	1700.0%
% of Gross Profit	66.59%	38.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$29.00K
YoY Change
% of Gross Profit	0.24%
Operating Expenses	$8.160M	$1.790M
YoY Change	355.87%	1690.0%
Operating Profit	$4.110M	$2.920M
YoY Change	40.75%	472.55%
Interest Expense		-$1.950M
YoY Change
% of Operating Profit		-66.78%
Other Income/Expense, Net
YoY Change
Pretax Income	$4.081M	$327.0K
YoY Change	1148.01%	-35.88%
Income Tax	-$674.0K	$0.00
% Of Pretax Income	-16.52%	0.0%
Net Earnings	$4.755M	$327.0K
YoY Change	1354.13%	-35.63%
Net Earnings / Revenue	51.65%	6.14%
Basic Earnings Per Share	$0.17
Diluted Earnings Per Share	$0.17	$35.60K
COMMON SHARES
Basic Shares Outstanding	28.56M shares	9.213M shares
Diluted Shares Outstanding	28.55M shares	9.267M shares

Balance Sheet

Concept	2014 Q1	2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$30.40M	$22.60M
YoY Change	34.51%	391.3%
Cash & Equivalents	$30.40M	$22.55M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables		$2.500M
Other Receivables		$0.00
Total Short-Term Assets	$30.40M	$25.10M
YoY Change	21.12%	392.16%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.172B	$409.9M
YoY Change	185.8%	430.27%
Other Assets	$23.10M	$8.500M
YoY Change	171.76%	304.76%
Total Long-Term Assets	$1.227B	$418.9M
YoY Change	193.05%	424.87%
TOTAL ASSETS
Total Short-Term Assets	$30.40M	$25.10M
Total Long-Term Assets	$1.227B	$418.9M
Total Assets	$1.258B	$444.0M
YoY Change	183.33%	422.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$2.200M
YoY Change		2100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$9.700M	$5.300M
YoY Change	83.02%	152.38%
LONG-TERM LIABILITIES
Long-Term Debt	$804.5M	$267.5M
YoY Change	200.75%
Other Long-Term Liabilities	$39.60M	$5.500M
YoY Change	620.0%	-88.37%
Total Long-Term Liabilities	$844.1M	$273.0M
YoY Change	209.19%	477.17%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.700M	$5.300M
Total Long-Term Liabilities	$844.1M	$273.0M
Total Liabilities	$853.8M	$280.4M
YoY Change	204.52%	468.3%
SHAREHOLDERS EQUITY
Retained Earnings	-$15.87M
YoY Change
Common Stock	$420.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$404.1M	$163.6M
YoY Change
Total Liabilities & Shareholders Equity	$1.258B	$444.0M
YoY Change	183.33%	422.91%

Cashflow Statement

Concept	2014 Q1	2013 Q1
OPERATING ACTIVITIES
Net Income	$4.755M	$327.0K
YoY Change	1354.13%	-35.63%
Depreciation, Depletion And Amortization	$29.00K
YoY Change
Cash From Operating Activities	$7.700M	$1.200M
YoY Change	541.67%	-700.0%
INVESTING ACTIVITIES
Capital Expenditures	$52.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$66.50M	-$55.70M
YoY Change	19.39%	-22.85%
Cash From Investing Activities	-$66.50M	-$55.70M
YoY Change	19.39%	-22.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	69.10M	53.60M
YoY Change	28.92%	-29.29%
NET CHANGE
Cash From Operating Activities	7.700M	1.200M
Cash From Investing Activities	-66.50M	-55.70M
Cash From Financing Activities	69.10M	53.60M
Net Change In Cash	10.30M	-900.0K
YoY Change	-1244.44%	-126.47%
FREE CASH FLOW
Cash From Operating Activities	$7.700M	$1.200M
Capital Expenditures	$52.00K
Free Cash Flow	$7.648M
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Concentration of Credit Risk</font></i></b></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash, loans held for investment, MSRs, loans held for sale, interest receivable and derivative financial instruments. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may exceed the FDIC-insured limit. The Company has exposure to credit risk on its loans held for investment and through its subsidiary ACRE Capital, the Company has exposure on credit risk on loans held for sale and the servicing portfolio whereby ACRE Capital shares in the risk of loss (see Note 7). The Company’s Manager will seek to manage credit risk by performing its due diligence process prior to origination or acquisition and through the use of non-recourse financing, when and where available and appropriate.</font></p> </div>
CY2014Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount MortgageLoansOnRealEstateTotalCommitmentAmount	1248900000	USD
CY2014Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1069000	USD
CY2014Q1	us-gaap	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	1118077000	USD
CY2013	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P2Y6M
CY2014Q1	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P2Y4M24D
CY2014Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	147561000	USD
CY2014Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of Estimates in the Preparation of Financial Statements</font></i></b></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates.</font></p> </div>
CY2013Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	item
CY2013	acre	Impairments Of Loans Held For Investment ImpairmentsOfLoansHeldForInvestment	0	USD
CY2014Q1	acre	Impairments Of Loans Held For Investment ImpairmentsOfLoansHeldForInvestment	0	USD
CY2014Q1	acre	Number Of Subsequent Taxable Years Subject To Disqualification NumberOfSubsequentTaxableYearsSubjectToDisqualification	P4Y
CY2014Q1	acre	Business Combination Maximum Measurement Period After Transaction Date For Subsequent Adjustments BusinessCombinationMaximumMeasurementPeriodAfterTransactionDateForSubsequentAdjustments	P1Y
CY2014Q1	us-gaap	Mortgage Loans On Real Estate Number Of Loans MortgageLoansOnRealEstateNumberOfLoans	39	item
CY2014Q1	acre	Mortgage Loans On Real Estate Number Of Loans Repaid MortgageLoansOnRealEstateNumberOfLoansRepaid	3	item
CY2013Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	958495000	USD
CY2013Q4	us-gaap	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	965436000	USD
CY2014Q1	us-gaap	Mortgage Loans On Real Estate Interest Rate MortgageLoansOnRealEstateInterestRate	0.053	pure
CY2013	us-gaap	Mortgage Loans On Real Estate Interest Rate MortgageLoansOnRealEstateInterestRate	0.055	pure
CY2014Q1	acre	Mortgage Loans On Real Estate Unleveraged Effective Yield MortgageLoansOnRealEstateUnleveragedEffectiveYield	0.058	pure
CY2013	acre	Mortgage Loans On Real Estate Unleveraged Effective Yield MortgageLoansOnRealEstateUnleveragedEffectiveYield	0.060	pure
CY2014Q1	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	131760000	USD
CY2014Q1	acre	Mortgage Loans On Real Estate Receipt Of Origination Fee MortgageLoansOnRealEstateReceiptOfOriginationFee	1371000	USD
CY2014Q1	us-gaap	Mortgage Loans On Real Estate Other Additions MortgageLoansOnRealEstateOtherAdditions	20881000	USD
CY2014Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	592000	USD
CY2014Q1	acre	Mortgage Loans On Real Estate Impairment Charges Recognized MortgageLoansOnRealEstateImpairmentChargesRecognized	0	USD
CY2013Q1	acre	Mortgage Loans On Real Estate Impairment Charges Recognized MortgageLoansOnRealEstateImpairmentChargesRecognized	0	USD
CY2014Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	60132000	USD
CY2014Q1	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	2500000	USD
CY2014Q1	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	1847000	USD
CY2014Q1	acre	Servicing Asset At Fair Value Prepayments And Write Offs ServicingAssetAtFairValuePrepaymentsAndWriteOffs	161000	USD
CY2014Q1	acre	Percentage Of Changes In Valuation Inputs That Would Increase Or Decrease Servicing Asset Fair Value PercentageOfChangesInValuationInputsThatWouldIncreaseOrDecreaseServicingAssetFairValue	0.01	pure
CY2014Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs	1800000	USD
CY2013Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	59640000	USD
CY2014Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	5000000	USD
CY2014Q1	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	USD
CY2013Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	5000000	USD
CY2013	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	USD
CY2014Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Reclassifications</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Certain prior period amounts have been reclassified to conform to the current period presentation. Deferred financing costs and accrued interest receivable have been reclassified into other assets in the consolidated balance sheets. Derivative liability and accounts payable and accrued expenses have been reclassified into other liabilities in the consolidated balance sheets. Interest receivable and refundable deposits have been reclassified into other assets in the consolidated statements of cash flows. Accounts payable and accrued expenses have been reclassified into other liabilities in the consolidated statements of cash flows. The unrealized loss on the $69.0 million aggregate principal amount of unsecured 7.000% Convertible Senior Notes due 2015 (the “2015 Convertible Notes”) has been reclassified into changes in fair value of derivatives in the consolidated statements of operations.</font></p> </div>
CY2014Q1	dei	Entity Registrant Name EntityRegistrantName	Ares Commercial Real Estate Corp
CY2014Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001529377
CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2014Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	28589634	shares
CY2014Q1	us-gaap	Dividends Cash DividendsCash	7147000	USD
CY2013Q1	us-gaap	Dividends Cash DividendsCash	2317000	USD
CY2014Q1	acre	Business Combination Increases Decrease In Purchase Gain Recognized Amount BusinessCombinationIncreasesDecreaseInPurchaseGainRecognizedAmount	-747000	USD
	us-gaap	Business Combination Bargain Purchase Gain Recognized Amount BusinessCombinationBargainPurchaseGainRecognizedAmount	4400000	USD
CY2013Q4	us-gaap	Line Of Credit LineOfCredit	264419000	USD
CY2014Q1	us-gaap	Line Of Credit LineOfCredit	341542000	USD
CY2013Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	635000000	USD
CY2013Q4	us-gaap	Loans And Leases Receivable Allowance Covered LoansAndLeasesReceivableAllowanceCovered	16480000	USD
CY2014Q1	us-gaap	Loans And Leases Receivable Allowance Covered LoansAndLeasesReceivableAllowanceCovered	16599000	USD
CY2013Q4	acre	Commitments Commitments	1191212000	USD
CY2013Q4	acre	Funded Commitments FundedCommitments	1050674000	USD
CY2013Q4	acre	Unfunded Commitments UnfundedCommitments	140538000	USD
CY2014Q1	acre	Commitments Commitments	1248933000	USD
CY2014Q1	acre	Funded Commitments FundedCommitments	1118077000	USD
CY2014Q1	acre	Unfunded Commitments UnfundedCommitments	130856000	USD
CY2014Q1	us-gaap	Embedded Derivative Fair Value Of Embedded Derivative Liability EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability	0	USD
CY2013Q4	us-gaap	Embedded Derivative Fair Value Of Embedded Derivative Liability EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability	0	USD
CY2013Q2	acre	Gross Proceeds From Issuance Of Shares In Public Offering GrossProceedsFromIssuanceOfSharesInPublicOffering	243000000	USD
CY2013Q2	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	8400000	USD
CY2013Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	234600000	USD
CY2013Q2	acre	Underwriters Option To Purchase Additional Common Stock Shares Number UnderwritersOptionToPurchaseAdditionalCommonStockSharesNumber	2700000	shares
CY2013Q3	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	601590	shares
CY2013Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7700000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	242300000	USD
CY2013Q3	acre	Common Stock Subscription Agreement Shares Issued CommonStockSubscriptionAgreementSharesIssued	588235	shares
CY2013Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	242300000	USD
CY2012Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	690000	shares
CY2012	acre	Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Issued And Outstanding Common Stock Eligible ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfIssuedAndOutstandingCommonStockEligible	0.075	pure
CY2013Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	72987	shares
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	82657	shares
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	9074	shares
CY2014Q1	acre	Mortgage Loans On Real Estate Period Of Extension Options MortgageLoansOnRealEstatePeriodOfExtensionOptions	P12Y
CY2014Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo	24346	shares
CY2014Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Three ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree	48178	shares
CY2014Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate	98297	shares
CY2014Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Four ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour	834	shares
CY2014Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4755000	USD
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	327000	USD
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9212644	shares
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28550982	shares
CY2013Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.04
CY2013Q4	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0	USD
CY2013Q4	us-gaap	Fair Value Assets Level2 To Level1 Transfers Amount FairValueAssetsLevel2ToLevel1TransfersAmount	0	USD
CY2013Q4	us-gaap	Fair Value Liabilities Level1 To Level2 Transfers Amount FairValueLiabilitiesLevel1ToLevel2TransfersAmount	0	USD
CY2013Q4	us-gaap	Fair Value Liabilities Level2 To Level1 Transfers Amount FairValueLiabilitiesLevel2ToLevel1TransfersAmount	0	USD
CY2014Q1	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0	USD
CY2014Q1	us-gaap	Fair Value Assets Level2 To Level1 Transfers Amount FairValueAssetsLevel2ToLevel1TransfersAmount	0	USD
CY2014Q1	us-gaap	Fair Value Liabilities Level1 To Level2 Transfers Amount FairValueLiabilitiesLevel1ToLevel2TransfersAmount	0	USD
CY2014Q1	us-gaap	Fair Value Liabilities Level2 To Level1 Transfers Amount FairValueLiabilitiesLevel2ToLevel1TransfersAmount	0	USD
CY2014Q1	acre	Related Party Transaction Incentive Fee Payable On Cumulative Core Earnings Less Than Zero RelatedPartyTransactionIncentiveFeePayableOnCumulativeCoreEarningsLessThanZero	0	USD
CY2014Q1	acre	Related Party Transaction Minimum Cumulative Core Earnings For Calculation Of Incentive Fee RelatedPartyTransactionMinimumCumulativeCoreEarningsForCalculationOfIncentiveFee	0	USD
CY2014Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.25
CY2013Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.25
CY2014Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2013Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20100000	USD
CY2013Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	16954000	USD
CY2013Q4	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	89233000	USD
CY2013Q4	us-gaap	Other Assets OtherAssets	32493000	USD
CY2013Q4	us-gaap	Assets Assets	1176915000	USD
CY2014Q1	us-gaap	Assets Assets	1257861000	USD
CY2014Q1	us-gaap	Other Assets OtherAssets	32874000	USD
CY2014Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	15152000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	264000	USD
CY2014Q1	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	1045000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2688000	USD
CY2014Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	1110357000	USD
CY2014Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	23051000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30402000	USD
CY2014Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	5072000	USD
CY2014Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-246000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1100000	USD
CY2014Q1	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	5263000	USD
CY2014Q1	acre	Proceeds From Sale Of Mortgage Loans Held For Sale Investing Activities ProceedsFromSaleOfMortgageLoansHeldForSaleInvestingActivities	80197000	USD
CY2014Q1	acre	Gain Loss On Mortgage Banking Activities GainLossOnMortgageBankingActivities	1386000	USD
CY2014Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	897000	USD
CY2014Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	119000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	145679000	USD
CY2014Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	748000	USD
CY2014Q1	us-gaap	Noninterest Income NoninterestIncome	4683000	USD
CY2014Q1	acre	Gain On Sale Of Mortgage Banking Activities GainOnSaleOfMortgageBankingActivities	680000	USD
CY2014Q1	us-gaap	Revenues Revenues	15443000	USD
CY2014Q1	us-gaap	Interest Expense Other InterestExpenseOther	1685000	USD
CY2014Q1	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	113000	USD
CY2014Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1492000	USD
CY2014Q1	us-gaap	Professional Fees ProfessionalFees	925000	USD
CY2014Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	4021000	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2219000	USD
CY2014Q1	acre	General And Administrative Expenses Reimbursed To Affiliate GeneralAndAdministrativeExpensesReimbursedToAffiliate	1000000	USD
CY2014Q1	us-gaap	Noninterest Expense NoninterestExpense	11362000	USD
CY2014Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	7127000	USD
CY2013Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.25
CY2014Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	172000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	4081000	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-674000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	4755000	USD
CY2013Q4	us-gaap	Convertible Debt ConvertibleDebt	67815000	USD
CY2013Q4	acre	Variable Interest Entity Long Term Debt VariableInterestEntityLongTermDebt	395027000	USD
CY2013Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	2796000	USD
CY2013Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	7127000	USD
CY2013Q4	us-gaap	Other Liabilities OtherLiabilities	17035000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	770699000	USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	284000	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	419405000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-13473000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	406216000	USD
CY2013Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	1385000	USD
CY2014Q1	us-gaap	Interest Paid Net InterestPaidNet	3837000	USD
CY2014Q1	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	2550000	USD
CY2013Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	5326000	USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1257861000	USD
CY2014Q1	acre	Variable Interest Entity Mortgage Loans On Real Estate Commercial And Consumer Net VariableInterestEntityMortgageLoansOnRealEstateCommercialAndConsumerNet	493783000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1176915000	USD
CY2014Q1	us-gaap	Liabilities Liabilities	853773000	USD
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	404088000	USD
CY2013Q4	acre	Variable Interest Entity Mortgage Loans On Real Estate Commercial And Consumer Net VariableInterestEntityMortgageLoansOnRealEstateCommercialAndConsumerNet	493783000	USD
CY2014Q1	acre	Variable Interest Entity Other Assets VariableInterestEntityOtherAssets	2267000	USD
CY2013Q4	acre	Variable Interest Entity Other Assets VariableInterestEntityOtherAssets	2552000	USD
CY2014Q1	acre	Variable Interest Entity Due To Current And Noncurrent VariableInterestEntityDueToCurrentAndNoncurrent	382000	USD
CY2013Q4	acre	Variable Interest Entity Due To Current And Noncurrent VariableInterestEntityDueToCurrentAndNoncurrent	384000	USD
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2014Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	28589634	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	28506977	shares
CY2014Q1	us-gaap	Convertible Debt ConvertibleDebt	67947000	USD
CY2014Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	28589634	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	28506977	shares
CY2013Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	6711000	USD
CY2013Q1	us-gaap	Revenues Revenues	5326000	USD
CY2013Q1	us-gaap	Interest Expense Other InterestExpenseOther	1552000	USD
CY2013Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	614000	USD
CY2013Q1	us-gaap	Professional Fees ProfessionalFees	566000	USD
CY2013Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	640000	USD
CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	482000	USD
CY2013Q1	acre	General And Administrative Expenses Reimbursed To Affiliate GeneralAndAdministrativeExpensesReimbursedToAffiliate	747000	USD
CY2013Q1	us-gaap	Noninterest Expense NoninterestExpense	4601000	USD
CY2013Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-398000	USD
CY2014Q1	acre	Variable Interest Entity Long Term Debt VariableInterestEntityLongTermDebt	395027000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	327000	USD
CY2013Q1	us-gaap	Profit Loss ProfitLoss	327000	USD
CY2014Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.25
CY2014Q1	us-gaap	Profit Loss ProfitLoss	4755000	USD
CY2014Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	264000	USD
CY2013Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	227000	USD
CY2013Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	739000	USD
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	136000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	345000	USD
CY2013Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	122000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	1226000	USD
CY2013Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	56299000	USD
CY2013Q1	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	56000	USD
CY2013Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	539000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-55704000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	55794000	USD
CY2013Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	-171000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	53638000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-840000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	7686000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-66519000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	69135000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	10302000	USD
CY2014Q1	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	52794000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	56115000	USD
CY2014Q1	acre	Amortization Of Convertible Notes Issuance Costs AmortizationOfConvertibleNotesIssuanceCosts	214000	USD
CY2014Q1	us-gaap	Accretion Expense AccretionExpense	132000	USD
CY2014Q1	us-gaap	Depreciation Depreciation	29000	USD
CY2014Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-632000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23390000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22550000	USD
CY2013Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	2317000	USD
CY2014Q1	us-gaap	Common Stock Value CommonStockValue	284000	USD
CY2014Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	419669000	USD
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-15865000	USD
CY2014Q1	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	797000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	845000	USD
CY2014Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	7147000	USD
CY2014Q1	us-gaap	Other Liabilities OtherLiabilities	22961000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	52000	USD
CY2014Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	68556000	USD
CY2014Q1	acre	Proceeds From Warehouse Agreement Borrowings ProceedsFromWarehouseAgreementBorrowings	42880000	USD
CY2014Q1	acre	Payments For Warehouse Agreement Borrowings PaymentsForWarehouseAgreementBorrowings	42880000	USD
CY2014Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	685000000	USD
CY2014Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Remainder Of Year ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInRemainderOfYear	24939	shares
CY2014Q1	acre	Mortgage Loans On Real Estate Unleveraged Effective Yield Dispositions And Early Prepayments Or Defaults MortgageLoansOnRealEstateUnleveragedEffectiveYieldDispositionsAndEarlyPrepaymentsOrDefaults	0	USD
CY2014Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	item
CY2014Q1	acre	Number Of Loans Held Under Mortgage Servicing Portfolio NumberOfLoansHeldUnderMortgageServicingPortfolio	989	item
CY2014Q1	acre	Servicing Asset At Fair Value Unpaid Principal Amount ServicingAssetAtFairValueUnpaidPrincipalAmount	3800000000	USD
CY2014Q1	acre	Unrealized Gain Loss On Change In Mortgage Banking Activities UnrealizedGainLossOnChangeInMortgageBankingActivities	-46000	USD

Files In Submission

Name	View Source	Status
0001104659-14-035446-index-headers.html	Edgar Link	pending
0001104659-14-035446-index.html	Edgar Link	pending
0001104659-14-035446.txt	Edgar Link	pending
0001104659-14-035446-xbrl.zip	Edgar Link	pending
a14-8698_110q.htm	Edgar Link	pending
a14-8698_1ex31d1.htm	Edgar Link	pending
a14-8698_1ex31d2.htm	Edgar Link	pending
a14-8698_1ex32d1.htm	Edgar Link	pending
acre-20140331.xml	Edgar Link	completed
acre-20140331.xsd	Edgar Link	pending
acre-20140331_cal.xml	Edgar Link	unprocessable
acre-20140331_def.xml	Edgar Link	unprocessable
acre-20140331_lab.xml	Edgar Link	unprocessable
acre-20140331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ACRE
Ares Commercial Real Estate Corp Stock $acre

2014 Q1 Form 10-Q Financial Statement

#000110465914035446 Filed on May 07, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE Ares Commercial Real Estate Corp Stock $acre

2014 Q1 Form 10-Q Financial Statement

#000110465914035446 Filed on May 07, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE
Ares Commercial Real Estate Corp Stock $acre