$ACRE
Ares Commercial Real Estate Corp

2020 Q4 Form 10-Q Financial Statement

#000152937720000084 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $32.71M $22.37M $13.49M
YoY Change 142.44% 12.73% -7.11%
Cost Of Revenue $14.31M $14.14M $17.42M
YoY Change -17.85% -17.41% -5.68%
Gross Profit $18.40M $20.11M $19.21M
YoY Change -4.22% 12.66% 54.79%
Gross Profit Margin 56.25% 89.88% 142.38%
Selling, General & Admin $5.640M $5.810M $9.140M
YoY Change -38.29% -32.36% 288.94%
% of Gross Profit 30.65% 28.89% 47.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $300.0K $300.0K
YoY Change -33.33% 50.0%
% of Gross Profit 1.09% 1.49% 1.56%
Operating Expenses $3.990M $5.000M $9.360M
YoY Change -57.37% -43.18% 298.3%
Operating Profit $14.41M $15.11M $9.850M
YoY Change 46.29% 66.96% -2.09%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $14.41M $15.11M $9.840M
YoY Change 46.44% 66.89% -2.19%
Income Tax $0.00 $181.0K $180.0K
% Of Pretax Income 0.0% 1.2% 1.83%
Net Earnings $14.41M $14.93M $9.660M
YoY Change 49.14% 65.24% -3.57%
Net Earnings / Revenue 44.04% 66.72% 71.6%
Basic Earnings Per Share
Diluted Earnings Per Share $429.3K $445.0K $334.6K
COMMON SHARES
Basic Shares Outstanding 33.44M shares 33.34M shares 28.87M shares
Diluted Shares Outstanding 33.55M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.80M $81.30M $5.300M
YoY Change 1311.32% 1255.0% -52.25%
Cash & Equivalents $74.78M $81.30M $5.256M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $74.80M $81.30M $5.300M
YoY Change 1311.32% 1255.0% -52.25%
LONG-TERM ASSETS
Property, Plant & Equipment $37.30M $37.50M $37.90M
YoY Change -1.58% -1.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.683B
YoY Change 10.34%
Other Assets $0.00 $0.00 $400.0K
YoY Change -100.0% -100.0% 0.0%
Total Long-Term Assets $1.855B $1.868B $1.779B
YoY Change 4.26% 11.93% 11.72%
TOTAL ASSETS
Total Short-Term Assets $74.80M $81.30M $5.300M
Total Long-Term Assets $1.855B $1.868B $1.779B
Total Assets $1.929B $1.949B $1.784B
YoY Change 8.15% 16.38% 11.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.30M $13.70M $12.30M
YoY Change 16.26% 12.3% 1.65%
LONG-TERM LIABILITIES
Long-Term Debt $1.431B $1.457B $1.336B
YoY Change 7.15% 18.78% 15.43%
Other Long-Term Liabilities $11.20M $8.700M $9.900M
YoY Change 13.13% -12.12% 15.12%
Total Long-Term Liabilities $1.442B $1.466B $1.346B
YoY Change 7.19% 18.53% 15.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.30M $13.70M $12.30M
Total Long-Term Liabilities $1.442B $1.466B $1.346B
Total Liabilities $1.456B $1.480B $1.358B
YoY Change 7.27% 18.48% 15.29%
SHAREHOLDERS EQUITY
Retained Earnings -$25.12M -$28.40M $2.437M
YoY Change -1130.65% -1322.07% -31.64%
Common Stock $498.1M $497.8M $423.9M
YoY Change 17.51% 17.55% 0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $473.0M $469.3M $426.3M
YoY Change
Total Liabilities & Shareholders Equity $1.929B $1.949B $1.784B
YoY Change 8.15% 16.38% 11.28%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $14.41M $14.93M $9.660M
YoY Change 49.14% 65.24% -3.57%
Depreciation, Depletion And Amortization $200.0K $300.0K $300.0K
YoY Change -33.33% 50.0%
Cash From Operating Activities $9.100M $8.500M $7.600M
YoY Change 19.74% -1.16% -30.28%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K $0.00 -$100.0K
YoY Change 0.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $23.40M $87.80M -$106.5M
YoY Change -121.97% 10875.0% -176.45%
Cash From Investing Activities $23.40M $87.70M -$106.6M
YoY Change -121.95% -17640.0% -176.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.00M -88.00M 98.30M
YoY Change -139.67% 1105.48% -168.17%
NET CHANGE
Cash From Operating Activities 9.100M 8.500M 7.600M
Cash From Investing Activities 23.40M 87.70M -106.6M
Cash From Financing Activities -39.00M -88.00M 98.30M
Net Change In Cash -6.500M 8.200M -700.0K
YoY Change 828.57% 925.0% -111.67%
FREE CASH FLOW
Cash From Operating Activities $9.100M $8.500M $7.600M
Capital Expenditures -$100.0K $0.00 -$100.0K
Free Cash Flow $9.200M $8.500M $7.700M
YoY Change 19.48% -14.14% -29.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 acre Mortgage Loanson Real Estate Commitment Reserveor Allowancefor Credit Loss Basis Points
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acre Related Party Transactions Management Fee Renewal Term
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dei Entity Central Index Key
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dei Entity File Number
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dei Entity Registrant Name
EntityRegistrantName
ARES COMMERCIAL REAL ESTATE CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
45-3148087
dei Entity Address Address Line1
EntityAddressAddressLine1
245 Park Avenue
dei Entity Address Address Line2
EntityAddressAddressLine2
42nd Floor
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New York
dei Entity Address State Or Province
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NY
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10167
dei City Area Code
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212
dei Local Phone Number
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750-7300
dei Security12b Title
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Common stock, $0.01 par value per share
dei Trading Symbol
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ACRE
dei Security Exchange Name
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dei Entity Current Reporting Status
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
479000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
9034000 USD
CY2019Q3 us-gaap Dividends Cash
DividendsCash
9526000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
425744000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
426339000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
73232000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
341000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
225000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-17263000 USD
CY2020Q1 us-gaap Dividends Cash
DividendsCash
11076000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
466065000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
365000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
9768000 USD
CY2020Q2 us-gaap Dividends Cash
DividendsCash
11072000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
465126000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
367000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
14928000 USD
CY2020Q3 us-gaap Dividends Cash
DividendsCash
11072000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
469349000 USD
us-gaap Net Income Loss
NetIncomeLoss
7433000 USD
us-gaap Net Income Loss
NetIncomeLoss
27331000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4906000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4954000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
5732000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
5022000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
956000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1398000 USD
us-gaap Depreciation
Depreciation
668000 USD
us-gaap Depreciation
Depreciation
448000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
22063000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-4008000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
0 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9302000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4305000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-91000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-536000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2165000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
608000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22744000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24876000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
485913000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
415156000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
280318000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
343948000 USD
us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
96597000 USD
us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
0 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
3978000 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
4982000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
243000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
1586000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105263000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67812000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
466778000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
415433000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
404231000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
573377000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3000000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
56155000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
55095000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 USD
acre Payments Of Secured Funding Costs
PaymentsOfSecuredFundingCosts
3700000 USD
acre Payments Of Secured Funding Costs
PaymentsOfSecuredFundingCosts
5124000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
172673000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31694000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27961000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
73232000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
0 USD
acre Payments For Offering Costs On Public Offering
PaymentsForOfferingCostsOnPublicOffering
301000 USD
acre Payments For Offering Costs On Public Offering
PaymentsForOfferingCostsOnPublicOffering
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
158179000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37799000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75660000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5137000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5635000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11468000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81295000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6331000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:left;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in the Preparation of Financial Statements </span></div><div style="line-height:120%;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. As of the filing date of this Quarterly Report, there is an outbreak of a novel and highly contagious form of coronavirus (“COVID-19”), which the World Health Organization has declared a global pandemic, the United States has declared a national emergency and every state in the United States is under a federal disaster declaration. Many states, including those in which the Company and its borrowers operate, have issued orders requiring the closure of, or certain restrictions on the operation of, non-essential businesses and/or requiring residents to stay at home. The COVID-19 pandemic and preventative measures taken to contain or mitigate its spread have caused, and are continuing to cause, business shutdowns or the re-introduction of business shutdowns, cancellations of events and restrictions on travel, significant reductions in demand for certain goods and services, reductions in business activity and financial transactions, supply chain interruptions and overall economic and financial market instability both globally and in the United States. While several countries, as well as certain states in the United States, have relaxed the public health restrictions with a view to partially or fully reopen their economies, recurring COVID-19 outbreaks have led to the re-introduction of such restrictions in certain states in the United States and globally and could continue to lead to the re-introduction of such restrictions elsewhere. Additionally, the absence or delay of viable treatment options or a vaccine could lead people to continue to self-isolate and not participate in the economy at pre-pandemic levels for a prolonged period of time. Even after the COVID-19 pandemic subsides, the U.S. economy and most other major global economies may continue to experience a recession, and we anticipate our business and operations could be materially adversely affected by a prolonged recession in the United States. The Company believes the estimates and assumptions underlying its consolidated financial statements are reasonable and supportable based on the information available as of </span><span style="font-family:inherit;font-size:10pt;">September 30, 2020</span><span style="font-family:inherit;font-size:10pt;">, however, uncertainty over the ultimate impact the COVID-19 pandemic will have on the global economy and the Company’s business, makes any estimates and assumptions as of </span><span style="font-family:inherit;font-size:10pt;">September 30, 2020</span><span style="font-family:inherit;font-size:10pt;"> inherently less certain than they would be absent the current and potential impacts of the COVID-19 pandemic. Actual results could differ from those estimates.</span></div><div style="line-height:120%;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
81295000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5952000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
379000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81295000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6331000 USD
CY2020Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
11875000 USD
CY2019Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
15124000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
40450000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
47539000 USD
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
49 Loan
acre Mortgage Loans On Real Estate Number Of Loans Repaid
MortgageLoansOnRealEstateNumberOfLoansRepaid
98 Loan
CY2020Q3 acre Mortgage Loans On Real Estate Total Commitment Amount
MortgageLoansOnRealEstateTotalCommitmentAmount
2000000000.0 USD
CY2020Q3 acre Mortgage Loans On Real Estate Total Commitment Amount Excluding Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountExcludingNoncontrollingInterest
1800000000 USD
acre Payments To Acquire Loans Held For Investment Including Non Cash Upsize And Excluding Capitalized Funding
PaymentsToAcquireLoansHeldForInvestmentIncludingNonCashUpsizeAndExcludingCapitalizedFunding
496400000 USD
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
299200000 USD
CY2020Q3 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
101000000.0 USD
acre Percentage Of Loans Held For Investment Having Libor Floors
PercentageOfLoansHeldForInvestmentHavingLIBORFloors
0.952
acre Loans Receivable Description Of Variable Rate Basis Weighted Average Floor
LoansReceivableDescriptionOfVariableRateBasisWeightedAverageFloor
0.0174
CY2020Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
1778199000 USD
CY2020Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
1789145000 USD
acre Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans
0.063
acre Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans
0.066
acre Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
P1Y3M18D
CY2019Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
1682498000 USD
CY2019Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
1692894000 USD
CY2019 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.068
CY2019 acre Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
P1Y7M6D
CY2020Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
1789100000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
1778200000 USD
acre Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
0.063
CY2019Q4 acre Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest
1682498000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
422062000 USD
acre Mortgage Loans On Real Estate Receipt Of Origination Fee
MortgageLoansOnRealEstateReceiptOfOriginationFee
4915000 USD
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
74372000 USD
acre Mortgage Loans On Real Estate Amortizing Payments
MortgageLoansOnRealEstateAmortizingPayments
1819000 USD
acre Mortgage Loans On Real Estate Loan Paid Off
MortgageLoansOnRealEstateLoanPaidOff
299227000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Transfers To Loans Held For Sale
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldTransfersToLoansHeldForSale
100504000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
5732000 USD
CY2020Q3 acre Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest
1778199000 USD
CY2020Q2 acre Mortgage Loans On Real Estate Number Of Loans Repaid
MortgageLoansOnRealEstateNumberOfLoansRepaid
3 Loan
CY2020Q2 acre Mortgage Loans On Real Estate Number Of Loans Repaid
MortgageLoansOnRealEstateNumberOfLoansRepaid
3 Loan
CY2020Q2 acre Mortgage Loans On Real Estate Number Of Loans Repaid
MortgageLoansOnRealEstateNumberOfLoansRepaid
3 Loan
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
27100000 USD
CY2020Q3 acre Mortgage Loans On Real Estate Total Commitment Amount
MortgageLoansOnRealEstateTotalCommitmentAmount
2000000000.0 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
960291000 USD
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1399155000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
894744000 USD
CY2019Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1471424000 USD
CY2020Q3 acre Commitments
Commitments
2001644000 USD
CY2019Q4 acre Commitments
Commitments
1909084000 USD
CY2020Q3 acre Funded Commitments
FundedCommitments
1789145000 USD
CY2019Q4 acre Funded Commitments
FundedCommitments
1692894000 USD
CY2020Q3 acre Unfunded Commitments
UnfundedCommitments
212499000 USD
CY2019Q4 acre Unfunded Commitments
UnfundedCommitments
216190000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
285393 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
102442 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
95856 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
79202 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
212777 shares
CY2020Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestinthe Remainderofthe Year
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestintheRemainderoftheYear
12823 shares
CY2020Q3 acre Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo
98547 shares
CY2020Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Three
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearThree
65247 shares
CY2020Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Four
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFour
36160 shares
CY2020Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Five
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFive
0 shares
CY2020Q3 acre Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate
212777 shares
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
14928000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9034000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7433000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
27331000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33337445 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28634514 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32852553 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28598807 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
212999 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
233089 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
219532 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
238959 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33550444 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28867603 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33072085 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28837766 shares
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.45
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.32
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.23
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.96
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.44
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.31
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.95
acre Excise Taxes Rate
ExciseTaxesRate
0.04
acre Related Party Transactions Management Fee Look Back Period
RelatedPartyTransactionsManagementFeeLookBackPeriod
P24M
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2020Q3 us-gaap Dividends
Dividends
11072000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2020Q2 us-gaap Dividends
Dividends
11072000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2019Q2 us-gaap Dividends
Dividends
9527000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2019Q1 us-gaap Dividends
Dividends
9520000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.99
us-gaap Dividends
Dividends
28573000 USD
CY2020Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
61800000 USD
us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
111400000 USD
CY2020Q1 us-gaap Dividends
Dividends
11057000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.99
us-gaap Dividends
Dividends
33201000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2019Q3 us-gaap Dividends
Dividends
9526000 USD

Files In Submission

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0001529377-20-000084-index-headers.html Edgar Link pending
0001529377-20-000084-index.html Edgar Link pending
0001529377-20-000084.txt Edgar Link pending
0001529377-20-000084-xbrl.zip Edgar Link pending
acre-20200930.xsd Edgar Link pending
acre-20200930_cal.xml Edgar Link unprocessable
acre-20200930_def.xml Edgar Link unprocessable
acre-20200930_lab.xml Edgar Link unprocessable
acre-20200930_pre.xml Edgar Link unprocessable
acre05.jpg Edgar Link pending
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