2014 Q2 Form 10-Q Financial Statement
#000110465914057560 Filed on August 06, 2014
Income Statement
Concept | 2014 Q2 | 2013 Q2 |
---|---|---|
Revenue | $9.321M | $6.207M |
YoY Change | 50.17% | 297.88% |
Cost Of Revenue | $9.890M | $2.520M |
YoY Change | 292.46% | 227.27% |
Gross Profit | $15.94M | $5.570M |
YoY Change | 186.18% | 605.06% |
Gross Profit Margin | 171.01% | 89.74% |
Selling, General & Admin | $8.870M | $1.820M |
YoY Change | 387.36% | 89.58% |
% of Gross Profit | 55.65% | 32.68% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $100.0K | |
YoY Change | ||
% of Gross Profit | 0.63% | |
Operating Expenses | $8.870M | $1.820M |
YoY Change | 387.36% | 89.58% |
Operating Profit | $7.070M | $3.750M |
YoY Change | 88.53% | -2305.88% |
Interest Expense | $640.0K | |
YoY Change | ||
% of Operating Profit | 17.07% | |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $6.721M | $3.265M |
YoY Change | 105.85% | -1913.89% |
Income Tax | $83.00K | $0.00 |
% Of Pretax Income | 1.23% | 0.0% |
Net Earnings | $6.638M | $3.265M |
YoY Change | 103.31% | -1965.71% |
Net Earnings / Revenue | 71.22% | 52.6% |
Basic Earnings Per Share | $0.23 | |
Diluted Earnings Per Share | $0.23 | $93.80K |
COMMON SHARES | ||
Basic Shares Outstanding | 28.45M shares | 10.22M shares |
Diluted Shares Outstanding | 28.59M shares | 10.26M shares |
Balance Sheet
Concept | 2014 Q2 | 2013 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $20.20M | $40.20M |
YoY Change | -49.75% | -54.06% |
Cash & Equivalents | $20.15M | $40.24M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $3.300M | |
Other Receivables | $0.00 | |
Total Short-Term Assets | $20.20M | $43.50M |
YoY Change | -53.56% | -50.62% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.276B | $526.0M |
YoY Change | 142.57% | 572.63% |
Other Assets | $24.40M | $9.200M |
YoY Change | 165.22% | 113.95% |
Total Long-Term Assets | $1.401B | $537.6M |
YoY Change | 160.69% | 546.42% |
TOTAL ASSETS | ||
Total Short-Term Assets | $20.20M | $43.50M |
Total Long-Term Assets | $1.401B | $537.6M |
Total Assets | $1.422B | $581.1M |
YoY Change | 144.65% | 239.29% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $0.00 | |
YoY Change | ||
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 | $10.10M | $11.70M |
YoY Change | -13.68% | 431.82% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $968.6M | $168.8M |
YoY Change | 473.82% | |
Other Long-Term Liabilities | $39.00M | $5.600M |
YoY Change | 596.43% | 330.77% |
Total Long-Term Liabilities | $1.008B | $174.4M |
YoY Change | 477.75% | 13315.38% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $10.10M | $11.70M |
Total Long-Term Liabilities | $1.008B | $174.4M |
Total Liabilities | $1.018B | $186.2M |
YoY Change | 446.64% | 5070.31% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$16.38M | -$9.401M |
YoY Change | 74.23% | |
Common Stock | $420.2M | $404.3M |
YoY Change | 3.94% | 439331.52% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $403.8M | $394.9M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.422B | $581.1M |
YoY Change | 144.65% | 239.29% |
Cashflow Statement
Concept | 2014 Q2 | 2013 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $6.638M | $3.265M |
YoY Change | 103.31% | -1965.71% |
Depreciation, Depletion And Amortization | $100.0K | |
YoY Change | ||
Cash From Operating Activities | -$50.00M | $800.0K |
YoY Change | -6350.0% | -260.0% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$100.0K | $0.00 |
YoY Change | -100.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$115.4M | -$116.5M |
YoY Change | -0.94% | 12844.44% |
Cash From Investing Activities | -$115.6M | -$116.5M |
YoY Change | -0.77% | 11550.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $234.6M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 155.4M | 133.5M |
YoY Change | 16.4% | 58.36% |
NET CHANGE | ||
Cash From Operating Activities | -50.00M | 800.0K |
Cash From Investing Activities | -115.6M | -116.5M |
Cash From Financing Activities | 155.4M | 133.5M |
Net Change In Cash | -10.20M | 17.80M |
YoY Change | -157.3% | -78.5% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$50.00M | $800.0K |
Capital Expenditures | -$100.0K | $0.00 |
Free Cash Flow | -$49.90M | $800.0K |
YoY Change | -6337.5% | -300.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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 has been reclassified into other assets in the consolidated statements of cash flows. Accounts payable, refundable deposits 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 7.00% 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> | ||
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="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 and the Company’s Manager seek to manage credit risk by performing due diligence prior to origination or acquisition and through the use of non-recourse financing, when and where available and appropriate.</font></p> </div> | ||
us-gaap |
Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
|
3735000 | USD | |
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> | ||
us-gaap |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
40 | item | |
acre |
Mortgage Loans On Real Estate Number Of Loans Repaid
MortgageLoansOnRealEstateNumberOfLoansRepaid
|
6 | item | |
CY2013Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
958495000 | USD |
CY2014Q2 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
1161441000 | USD |
us-gaap |
Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
|
0.054 | pure | |
acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
|
0.059 | pure | |
acre |
Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
|
P2Y4M24D | ||
CY2014Q2 | acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield Dispositions And Early Prepayments Or Defaults
MortgageLoansOnRealEstateUnleveragedEffectiveYieldDispositionsAndEarlyPrepaymentsOrDefaults
|
0 | USD |
acre |
Servicing Asset At Fair Value Prepayments And Write Offs
ServicingAssetAtFairValuePrepaymentsAndWriteOffs
|
753000 | USD | |
acre |
Percentage Of Changes In Valuation Inputs That Would Increase Or Decrease Servicing Asset Fair Value
PercentageOfChangesInValuationInputsThatWouldIncreaseOrDecreaseServicingAssetFairValue
|
0.01 | pure | |
CY2014Q2 | us-gaap |
Assets
Assets
|
1421588000 | USD |
CY2014Q2 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
55928000 | USD |
CY2014Q2 | us-gaap |
Other Assets
OtherAssets
|
101121000 | USD |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | item | |
acre |
Impairments Of Loans Held For Investment
ImpairmentsOfLoansHeldForInvestment
|
0 | USD | |
CY2013 | acre |
Impairments Of Loans Held For Investment
ImpairmentsOfLoansHeldForInvestment
|
0 | USD |
acre |
Number Of Subsequent Taxable Years Subject To Disqualification
NumberOfSubsequentTaxableYearsSubjectToDisqualification
|
P4Y | ||
acre |
Business Combination Maximum Measurement Period After Transaction Date For Subsequent Adjustments
BusinessCombinationMaximumMeasurementPeriodAfterTransactionDateForSubsequentAdjustments
|
P1Y | ||
CY2013Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
6822000 | USD |
us-gaap |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
69000000 | USD | |
acre |
Mortgage Loans On Real Estate Loan Paid Off
MortgageLoansOnRealEstateLoanPaidOff
|
69018000 | USD | |
us-gaap |
Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
|
979000 | USD | |
CY2013Q4 | acre |
Variable Interest Entity Other Assets
VariableInterestEntityOtherAssets
|
2552000 | USD |
CY2014Q2 | acre |
Variable Interest Entity Other Assets
VariableInterestEntityOtherAssets
|
2167000 | USD |
us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
227520000 | USD | |
acre |
Mortgage Loans On Real Estate Receipt Of Origination Fee
MortgageLoansOnRealEstateReceiptOfOriginationFee
|
2741000 | USD | |
us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
45592000 | USD | |
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
1593000 | USD | |
CY2014Q2 | acre |
Mortgage Loans On Real Estate Impairment Charges Recognized
MortgageLoansOnRealEstateImpairmentChargesRecognized
|
0 | USD |
CY2013Q2 | acre |
Mortgage Loans On Real Estate Impairment Charges Recognized
MortgageLoansOnRealEstateImpairmentChargesRecognized
|
0 | USD |
acre |
Number Of Loans Held Under Mortgage Servicing Portfolio
NumberOfLoansHeldUnderMortgageServicingPortfolio
|
974 | item | |
CY2014Q2 | acre |
Servicing Asset At Fair Value Unpaid Principal Amount
ServicingAssetAtFairValueUnpaidPrincipalAmount
|
3800000000 | USD |
CY2013Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
59640000 | USD |
CY2014Q2 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
58558000 | USD |
us-gaap |
Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
|
3406000 | USD | |
CY2014Q2 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate
|
100485 | shares |
CY2014Q2 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | USD |
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 |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
148758 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
100315 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
22050 | shares | |
us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | USD | |
us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
|
1800000 | USD | |
CY2014Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
5000000 | USD |
CY2013Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
5000000 | USD |
CY2013Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
635000000 | USD |
CY2014Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
1005000000 | USD |
CY2013Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
264419000 | USD |
CY2014Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
457291000 | USD |
CY2013Q4 | us-gaap |
Loans And Leases Receivable Allowance Covered
LoansAndLeasesReceivableAllowanceCovered
|
16480000 | USD |
CY2014Q2 | us-gaap |
Loans And Leases Receivable Allowance Covered
LoansAndLeasesReceivableAllowanceCovered
|
14440000 | USD |
us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
-1061000 | USD | |
CY2014Q2 | acre |
Commitments
Commitments
|
1316008000 | USD |
CY2013Q4 | acre |
Commitments
Commitments
|
1191212000 | USD |
CY2014Q2 | acre |
Funded Commitments
FundedCommitments
|
1169530000 | USD |
CY2013Q4 | acre |
Funded Commitments
FundedCommitments
|
1050674000 | USD |
CY2014Q2 | acre |
Unfunded Commitments
UnfundedCommitments
|
146478000 | USD |
CY2013Q4 | acre |
Unfunded Commitments
UnfundedCommitments
|
140538000 | USD |
CY2014Q2 | 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 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
18000000 | shares |
CY2013Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
601590 | shares |
CY2013Q2 | us-gaap |
Share Price
SharePrice
|
13.50 | |
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 |
CY2013Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7700000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
242300000 | USD | |
CY2013Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
242300000 | USD |
CY2013Q2 | acre |
Underwriters Option To Purchase Additional Common Stock Shares Number
UnderwritersOptionToPurchaseAdditionalCommonStockSharesNumber
|
2700000 | shares |
CY2013Q3 | acre |
Common Stock Subscription Agreement Shares Issued
CommonStockSubscriptionAgreementSharesIssued
|
588235 | shares |
CY2012Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
690000 | shares |
CY2014Q2 | acre |
Related Party Transaction Incentive Fee Payable On Cumulative Core Earnings Less Than Zero
RelatedPartyTransactionIncentiveFeePayableOnCumulativeCoreEarningsLessThanZero
|
0 | USD |
CY2014Q2 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Remainder Of Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInRemainderOfYear
|
19961 | shares |
CY2014Q2 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo
|
31512 | shares |
CY2014Q2 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Three
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearThree
|
48178 | shares |
CY2014Q2 | acre |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Four
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearFour
|
834 | shares |
CY2014Q2 | acre |
Related Party Transaction Minimum Cumulative Core Earnings For Calculation Of Incentive Fee
RelatedPartyTransactionMinimumCumulativeCoreEarningsForCalculationOfIncentiveFee
|
0 | USD |
CY2014Q2 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.50 | |
CY2013Q2 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.50 | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.50 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.50 | ||
us-gaap |
Dividends Cash
DividendsCash
|
14299000 | USD | |
us-gaap |
Dividends Cash
DividendsCash
|
9139000 | USD | |
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 | |
CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20152000 | USD |
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 |
CY2014Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
24388000 | USD |
CY2014Q2 | us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
17735000 | USD |
CY2014Q2 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
6835000 | USD |
CY2014Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
10900000 | USD |
CY2014Q2 | us-gaap |
Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
|
3533000 | USD |
CY2014Q2 | acre |
Gain Loss On Mortgage Banking Activities
GainLossOnMortgageBankingActivities
|
5446000 | USD |
CY2014Q2 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
-1180000 | USD |
CY2014Q2 | us-gaap |
Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
|
1888000 | USD |
CY2014Q2 | us-gaap |
Noninterest Income
NoninterestIncome
|
8271000 | USD |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
19171000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
6638000 | USD |
CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3265000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
11393000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3592000 | USD | |
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28453739 | shares |
CY2013Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10215782 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28448181 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9720477 | shares | |
CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28590689 | shares |
CY2013Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10257250 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28570945 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9764941 | shares | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.23 | |
CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.32 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.40 | ||
CY2014Q2 | acre |
Variable Interest Entity Mortgage Loans On Real Estate Commercial And Consumer Net
VariableInterestEntityMortgageLoansOnRealEstateCommercialAndConsumerNet
|
428282000 | USD |
CY2014Q2 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
4510000 | USD |
CY2014Q2 | us-gaap |
Noninterest Expense
NoninterestExpense
|
12450000 | USD |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
6721000 | USD |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
83000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6638000 | USD |
us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
32887000 | USD | |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
11907000 | USD | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
20980000 | USD | |
us-gaap |
Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
|
8796000 | USD | |
acre |
Gain Loss On Mortgage Banking Activities
GainLossOnMortgageBankingActivities
|
6832000 | USD | |
us-gaap |
Noninterest Income
NoninterestIncome
|
12954000 | USD | |
acre |
Gain On Sale Of Mortgage Banking Activities
GainOnSaleOfMortgageBankingActivities
|
680000 | USD | |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
8531000 | USD | |
us-gaap |
Noninterest Expense
NoninterestExpense
|
23812000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
10802000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-591000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
11393000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
3815000 | USD | |
CY2013Q4 | acre |
Variable Interest Entity Mortgage Loans On Real Estate Commercial And Consumer Net
VariableInterestEntityMortgageLoansOnRealEstateCommercialAndConsumerNet
|
493783000 | USD |
CY2014Q2 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2013Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2014Q2 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2013Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2014Q2 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2013Q4 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2014Q2 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2013Q4 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | USD |
dei |
Entity Registrant Name
EntityRegistrantName
|
Ares Commercial Real Estate Corp | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001529377 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
CY2014Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
28604798 | shares |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
CY2014Q2 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
48199000 | 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 |
CY2014Q2 | us-gaap |
Liabilities
Liabilities
|
1017753000 | 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 |
CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
403835000 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1176915000 | USD |
CY2014Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1421588000 | USD |
us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
14798000 | USD | |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
3265000 | USD | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
3050000 | USD | |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2013Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
453000 | USD |
acre |
Certificates Receivable Related To Consolidated Variable Interest Entity
CertificatesReceivableRelatedToConsolidatedVariableInterestEntity
|
65501000 | USD | |
CY2014Q2 | acre |
Variable Interest Entity Due To Current And Noncurrent
VariableInterestEntityDueToCurrentAndNoncurrent
|
359000 | USD |
CY2013Q4 | acre |
Variable Interest Entity Due To Current And Noncurrent
VariableInterestEntityDueToCurrentAndNoncurrent
|
384000 | USD |
CY2014Q2 | 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 | |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2014Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28604798 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28506977 | shares |
CY2014Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28604798 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28506977 | shares |
CY2013Q2 | us-gaap |
Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
|
8086000 | USD |
CY2013Q2 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
1879000 | USD |
CY2013Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
6207000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
11533000 | USD | |
CY2013Q2 | us-gaap |
Revenues
Revenues
|
6207000 | USD |
us-gaap |
Revenues
Revenues
|
11533000 | USD | |
CY2013Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
1499000 | USD |
CY2013Q2 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
643000 | USD |
CY2013Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
500000 | USD |
CY2013Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1121000 | USD |
CY2013Q2 | acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
863000 | USD |
CY2013Q2 | us-gaap |
Noninterest Expense
NoninterestExpense
|
5079000 | USD |
CY2013Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
2137000 | USD |
CY2013Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
3265000 | USD |
CY2013Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3265000 | USD |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1256000 | USD | |
us-gaap |
Professional Fees
ProfessionalFees
|
1067000 | USD | |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1761000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
936000 | USD | |
acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
1610000 | USD | |
us-gaap |
Noninterest Expense
NoninterestExpense
|
9680000 | USD | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1739000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
3592000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
3592000 | USD | |
CY2014Q2 | us-gaap |
Profit Loss
ProfitLoss
|
6638000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
11393000 | USD | |
CY2014Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | |
CY2013Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.50 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.50 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
525000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
453000 | USD | |
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
1268000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
235000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
2020000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1242000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
243000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1374000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-42322000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
1135000 | USD | |
acre |
Unrealized Gain Loss On Change In Mortgage Banking Activities
UnrealizedGainLossOnChangeInMortgageBankingActivities
|
3280000 | USD | |
us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
151426000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
103040000 | USD | |
acre |
Amortization Of Convertible Notes Issuance Costs
AmortizationOfConvertibleNotesIssuanceCosts
|
443000 | USD | |
us-gaap |
Accretion Expense
AccretionExpense
|
273000 | USD | |
us-gaap |
Depreciation
Depreciation
|
62000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-129000 | USD | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
186402000 | USD | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
13512000 | USD | |
us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
1664000 | USD | |
acre |
Payments Of Acquisition Deposit
PaymentsOfAcquisitionDeposit
|
1000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-172226000 | USD | |
acre |
Proceeds From Sale Of Mortgage Loans Held For Sale Investing Activities
ProceedsFromSaleOfMortgageLoansHeldForSaleInvestingActivities
|
80197000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
244000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-182108000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
95165000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
138137000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
202000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
243000000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
8141000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
4634000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
187051000 | USD | |
acre |
Proceeds From Warehouse Agreement Borrowings
ProceedsFromWarehouseAgreementBorrowings
|
137399000 | USD | |
acre |
Payments For Warehouse Agreement Borrowings
PaymentsForWarehouseAgreementBorrowings
|
89200000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
224482000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
52000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
16845000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
300000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
5188000 | USD | |
CY2013Q2 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
715000 | USD |
CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
40235000 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23390000 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
2494 | shares | |
CY2014Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
1758000 | USD |
CY2014Q2 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1478000 | USD |
CY2014Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
1104000 | USD |
CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2600000 | USD |
CY2014Q2 | acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
1000000 | USD |
acre |
General And Administrative Expenses Reimbursed To Affiliate
GeneralAndAdministrativeExpensesReimbursedToAffiliate
|
2000000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4819000 | USD | |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
20000 | USD | |
us-gaap |
Professional Fees
ProfessionalFees
|
2029000 | USD | |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
2970000 | USD | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
3443000 | USD | |
CY2014Q2 | us-gaap |
Convertible Debt
ConvertibleDebt
|
68088000 | USD |
CY2014Q2 | acre |
Variable Interest Entity Long Term Debt
VariableInterestEntityLongTermDebt
|
395027000 | USD |
CY2014Q2 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
2974000 | USD |
CY2014Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
7151000 | USD |
CY2014Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
24583000 | USD |
CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
284000 | USD |
CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
419930000 | USD |
CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-16379000 | USD |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3288000 | USD | |
us-gaap |
Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
|
883000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
525000 | USD | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
178000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1937000 | USD | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
267719000 | USD | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
3517000 | USD | |
us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
2141000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
384932000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
192060000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2201000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
113000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
14275000 | USD | |
CY2014Q2 | acre |
Variable Interest Entity Other Assets Certificates Receivable
VariableInterestEntityOtherAssetsCertificatesReceivable
|
65501000 | USD |
acre |
Percentage Of Loans Held For Investment Having Libor Floors
PercentageOfLoansHeldForInvestmentHavingLIBORFloors
|
0.749 | pure | |
acre |
Amortization Of Convertible Notes Issuance Costs
AmortizationOfConvertibleNotesIssuanceCosts
|
372000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
10814000 | USD | |
CY2014Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
136950 | shares |
CY2013Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
41468 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
122764 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
44464 | shares | |
CY2013Q4 | us-gaap |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
965436000 | USD |
CY2013 | us-gaap |
Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
|
0.055 | pure |
CY2013 | acre |
Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
|
0.060 | pure |
CY2013 | acre |
Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
|
P2Y6M | |
acre |
Loans Receivable Description Of Variable Rate Basis Weighted Average Floor
LoansReceivableDescriptionOfVariableRateBasisWeightedAverageFloor
|
0.0038 | pure | |
acre |
Payments To Acquire Loans Held For Investment Including Non Cash Upsize And Excluding Capitalized Funding
PaymentsToAcquireLoansHeldForInvestmentIncludingNonCashUpsizeAndExcludingCapitalizedFunding
|
273100000 | USD |