$ACRE
Ares Commercial Real Estate Corp Stock $acre

$acre Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000162828022011867 Filed on May 03, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$24.02M	$21.22M
YoY Change	13.19%	0.42%
Cost Of Revenue	$15.67M	$15.12M
YoY Change	3.6%	-14.67%
Gross Profit	$20.37M	$18.25M
YoY Change	11.62%	-3.69%
Gross Profit Margin	84.8%	85.99%
Selling, General & Admin	$6.856M	$5.340M
YoY Change	28.39%	-39.8%
% of Gross Profit	33.66%	29.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$0.00	$224.0K
YoY Change	-100.0%	1.36%
% of Gross Profit	0.0%	1.23%
Operating Expenses	$6.262M	$2.320M
YoY Change	169.91%	-93.59%
Operating Profit	$14.11M	$15.93M
YoY Change	-11.43%	-192.35%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$16.31M	$15.93M
YoY Change	2.39%	-192.3%
Income Tax	$105.0K	$185.0K
% Of Pretax Income	0.64%	1.16%
Net Earnings	$16.20M	$15.74M
YoY Change	2.93%	-191.18%
Net Earnings / Revenue	67.44%	74.16%
Basic Earnings Per Share
Diluted Earnings Per Share	$340.0K	$453.3K
COMMON SHARES
Basic Shares Outstanding	47.20M shares	34.42M shares
Diluted Shares Outstanding	47.65M shares	34.72M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.76M	$97.90M
YoY Change	-85.95%	31.41%
Cash & Equivalents	$13.76M	$97.94M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$13.76M	$97.90M
YoY Change	-85.95%	31.41%
LONG-TERM ASSETS
Property, Plant & Equipment		$37.10M
YoY Change		-2.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$0.00
YoY Change
Total Long-Term Assets	$2.502B	$1.993B
YoY Change	25.55%	-1.68%
TOTAL ASSETS
Total Short-Term Assets	$13.76M	$97.90M
Total Long-Term Assets	$2.502B	$1.993B
Total Assets	$2.516B	$2.091B
YoY Change	20.33%	-0.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
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	$20.56M	$17.60M
YoY Change	16.84%	26.62%
LONG-TERM LIABILITIES
Long-Term Debt	$1.796B	$1.489B
YoY Change	20.62%	-7.42%
Other Long-Term Liabilities	$9.794M	$8.200M
YoY Change	19.44%	-36.43%
Total Long-Term Liabilities	$1.806B	$1.497B
YoY Change	20.61%	-7.65%
TOTAL LIABILITIES
Total Short-Term Liabilities	$20.56M	$17.60M
Total Long-Term Liabilities	$1.806B	$1.497B
Total Liabilities	$1.826B	$1.515B
YoY Change	20.57%	-7.37%
SHAREHOLDERS EQUITY
Retained Earnings	-$29.17M	-$23.63M
YoY Change	23.47%	-23.67%
Common Stock	$708.0M	$599.3M
YoY Change	18.14%	20.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$689.3M	$576.0M
YoY Change
Total Liabilities & Shareholders Equity	$2.516B	$2.091B
YoY Change	20.33%	-0.5%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	$16.20M	$15.74M
YoY Change	2.93%	-191.18%
Depreciation, Depletion And Amortization	$0.00	$224.0K
YoY Change	-100.0%	1.36%
Cash From Operating Activities	$16.22M	$9.924M
YoY Change	63.39%	20.04%
INVESTING ACTIVITIES
Capital Expenditures		$0.00
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	$89.68M	-$131.4M
YoY Change	-168.25%	-51.99%
Cash From Investing Activities	$89.68M	-$131.4M
YoY Change	-168.27%	-52.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$142.8M	$144.6M
YoY Change	-198.72%	-56.83%
NET CHANGE
Cash From Operating Activities	$16.22M	$9.924M
Cash From Investing Activities	$89.68M	-$131.4M
Cash From Financing Activities	-$142.8M	$144.6M
Net Change In Cash	-$36.86M	$23.17M
YoY Change	-259.08%	-66.54%
FREE CASH FLOW
Cash From Operating Activities	$16.22M	$9.924M
Capital Expenditures		$0.00
Free Cash Flow		$9.924M
YoY Change		17.21%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001529377
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-35517
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	ARES COMMERCIAL REAL ESTATE CORPORATION
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	45-3148087
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	245 Park Avenue
CY2022Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	42nd Floor
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10167
CY2022Q1	dei	City Area Code CityAreaCode	212
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	750-7300
CY2022Q1	dei	Security12b Title Security12bTitle	Common stock, $0.01 par value per share
CY2022Q1	dei	Trading Symbol TradingSymbol	ACRE
CY2022Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	47438363	shares
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13759000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	50615000	USD
CY2022Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2421772000	USD
CY2021Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2414383000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	20452000	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	23939000	USD
CY2022Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest Net MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterestNet	2401320000	USD
CY2021Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest Net MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterestNet	2390444000	USD
CY2022Q1	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	0	USD
CY2021Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	36602000	USD
CY2022Q1	us-gaap	Other Assets OtherAssets	100726000	USD
CY2021Q4	us-gaap	Other Assets OtherAssets	154177000	USD
CY2022Q1	us-gaap	Assets Assets	2515805000	USD
CY2021Q4	us-gaap	Assets Assets	2631838000	USD
CY2022Q1	us-gaap	Line Of Credit LineOfCredit	740022000	USD
CY2021Q4	us-gaap	Line Of Credit LineOfCredit	840047000	USD
CY2022Q1	us-gaap	Notes Payable NotesPayable	22631000	USD
CY2021Q4	us-gaap	Notes Payable NotesPayable	50358000	USD
CY2022Q1	us-gaap	Other Long Term Debt OtherLongTermDebt	149061000	USD
CY2021Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	149016000	USD
CY2022Q1	acre	Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt VariableInterestEntityCollateralizedLoanObligationSecuritiesLongTermDebt	861788000	USD
CY2021Q4	acre	Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt VariableInterestEntityCollateralizedLoanObligationSecuritiesLongTermDebt	861188000	USD
CY2022Q1	us-gaap	Secured Debt SecuredDebt	22612000	USD
CY2021Q4	us-gaap	Secured Debt SecuredDebt	22589000	USD
CY2022Q1	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	3823000	USD
CY2021Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	4156000	USD
CY2022Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	16740000	USD
CY2021Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	16674000	USD
CY2022Q1	us-gaap	Other Liabilities OtherLiabilities	9794000	USD
CY2021Q4	us-gaap	Other Liabilities OtherLiabilities	9182000	USD
CY2022Q1	us-gaap	Liabilities Liabilities	1826471000	USD
CY2021Q4	us-gaap	Liabilities Liabilities	1953210000	USD
CY2022Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2022Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	47412436	shares
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CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	47144058	shares
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CY2022Q1	us-gaap	Common Stock Value CommonStockValue	467000	USD
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	465000	USD
CY2022Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	707579000	USD
CY2021Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	703950000	USD
CY2022Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	10458000	USD
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2844000	USD
CY2022Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-29170000	USD
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-28631000	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	689334000	USD
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	678628000	USD
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2515805000	USD
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2631838000	USD
CY2022Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	33364000	USD
CY2021Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	30704000	USD
CY2022Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	12013000	USD
CY2021Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	12139000	USD
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	21351000	USD
CY2021Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	18565000	USD
CY2022Q1	acre	Operating Revenuefrom Real Estate Owned OperatingRevenuefromRealEstateOwned	2672000	USD
CY2021Q1	acre	Operating Revenuefrom Real Estate Owned OperatingRevenuefromRealEstateOwned	2658000	USD
CY2022Q1	us-gaap	Revenues Revenues	24023000	USD
CY2021Q1	us-gaap	Revenues Revenues	21223000	USD
CY2022Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	2974000	USD
CY2021Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	2567000	USD
CY2022Q1	us-gaap	Professional Fees ProfessionalFees	778000	USD
CY2021Q1	us-gaap	Professional Fees ProfessionalFees	785000	USD
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1613000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1157000	USD
CY2022Q1	acre	General And Administrative Expenses Reimbursed To Affiliate GeneralAndAdministrativeExpensesReimbursedToAffiliate	834000	USD
CY2021Q1	acre	General And Administrative Expenses Reimbursed To Affiliate GeneralAndAdministrativeExpensesReimbursedToAffiliate	752000	USD
CY2022Q1	acre	Operating Expenses From Real Estate Owned OperatingExpensesFromRealEstateOwned	4309000	USD
CY2021Q1	acre	Operating Expenses From Real Estate Owned OperatingExpensesFromRealEstateOwned	3277000	USD
CY2022Q1	us-gaap	Noninterest Expense NoninterestExpense	10508000	USD
CY2021Q1	us-gaap	Noninterest Expense NoninterestExpense	8538000	USD
CY2022Q1	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	-594000	USD
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CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16306000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	15925000	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	105000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	185000	USD
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CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	766000	USD
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CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	16201000	USD
CY2022Q1	us-gaap	Dividends Cash DividendsCash	16740000	USD
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	689334000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	16201000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	15740000	USD
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2220000	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2232000	USD
CY2022Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	2280000	USD
CY2021Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	2022000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	766000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	521000	USD
CY2022Q1	us-gaap	Depreciation Depreciation	0	USD
CY2021Q1	us-gaap	Depreciation Depreciation	224000	USD
CY2022Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	-594000	USD
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CY2022Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	2197000	USD
CY2021Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-3956000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2677000	USD
CY2022Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-333000	USD
CY2021Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	169000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-1524000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-1023000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	16215000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	9924000	USD
CY2022Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	217549000	USD
CY2021Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	219205000	USD
CY2022Q1	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	266574000	USD
CY2021Q1	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	87321000	USD
CY2022Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	2428000	USD
CY2021Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	680000	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	38227000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	USD
CY2022Q1	us-gaap	Payments For Derivative Instrument Investing Activities PaymentsForDerivativeInstrumentInvestingActivities	0	USD
CY2021Q1	us-gaap	Payments For Derivative Instrument Investing Activities PaymentsForDerivativeInstrumentInvestingActivities	150000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	89680000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-131354000	USD
CY2022Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	USD
CY2021Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	6206000	USD
CY2022Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	28275000	USD
CY2021Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	27880000	USD
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	651000	USD
CY2021Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	7962000	USD
CY2022Q1	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	USD
CY2021Q1	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	540471000	USD
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	16674000	USD
CY2021Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	11124000	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Treasury Stock ProceedsFromSaleOfTreasuryStock	2874000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Treasury Stock ProceedsFromSaleOfTreasuryStock	100870000	USD
CY2022Q1	acre	Payments For Offering Costs On Public Offering PaymentsForOfferingCostsOnPublicOffering	0	USD
CY2021Q1	acre	Payments For Offering Costs On Public Offering PaymentsForOfferingCostsOnPublicOffering	13000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-142751000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	144598000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-36856000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	23168000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	50615000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	74776000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13759000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	97944000	USD
CY2022Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2022Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates in the Preparation of Financial Statements </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. The novel coronavirus (“COVID-19”) pandemic continues to disrupt global supply chains, has caused labor shortages and has added broad inflationary pressures, which have the potential to negatively impact the Company and its borrowers. While many countries, as well as certain local and state governments in the United States, have recently relaxed public health restrictions, recurring COVID-19 outbreaks, including outbreaks caused by different virus variants, may lead to the re-introduction of certain restrictions by certain local or state governments in the United States and globally. Even after the COVID-19 pandemic subsides, disruptions caused by the pandemic and the related supply chain challenges, labor shortages and inflationary pressures may continue and could, in turn, cause the United States economy or other global economies to experience a recession. We anticipate our business and operations could be materially adversely affected by a prolonged recession in the United States or other major global economy. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company believes the estimates and assumptions underlying its consolidated financial statements are reasonable and supportable based on the information available as of March 31, 2022, 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 March 31, 2022 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>
CY2022Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	12013000	USD
CY2021Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	12139000	USD
CY2022Q1	srt	Mortgage Loans On Real Estate Number Of Loans MortgageLoansOnRealEstateNumberOfLoans	77	loan
CY2022Q1	acre	Mortgage Loans On Real Estate Number Of Loans Repaid Or Sold Since Inception MortgageLoansOnRealEstateNumberOfLoansRepaidOrSoldSinceInception	121	loan
CY2022Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount MortgageLoansOnRealEstateTotalCommitmentAmount	2800000000	USD
CY2022Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount Excluding Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountExcludingNoncontrollingInterest	2400000000	USD
CY2022Q1	acre	Payments To Acquire Loans Held For Investment Including Non Cash Upsize And Excluding Capitalized Funding PaymentsToAcquireLoansHeldForInvestmentIncludingNonCashUpsizeAndExcludingCapitalizedFunding	222900000	USD
CY2022Q1	srt	Mortgage Loans On Real Estate Collections Of Principal MortgageLoansOnRealEstateCollectionsOfPrincipal	212600000	USD
CY2022Q1	acre	Percentage Of Loans Held For Investment Having Libor Floors PercentageOfLoansHeldForInvestmentHavingLIBORFloors	0.916
CY2022Q1	acre	Loans Receivable Description Of Variable Rate Basis Weighted Average Floor LoansReceivableDescriptionOfVariableRateBasisWeightedAverageFloor	0.0098
CY2022Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2421772000	USD
CY2022Q1	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2439373000	USD
CY2022Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans	0.055
CY2022Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans	0.056
CY2022Q1	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P1Y7M6D
CY2021Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2414383000	USD
CY2021Q4	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2429112000	USD
CY2021Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans	0.054
CY2021Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans	0.055
CY2021Q1	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P1Y7M6D
CY2022Q1	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2439400000	USD
CY2022Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2421800000	USD
CY2022Q1	acre	Mortgage Loans On Real Estate Unleveraged Effective Yield MortgageLoansOnRealEstateUnleveragedEffectiveYield	0.055
CY2021Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest	2414383000	USD
CY2022Q1	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	185701000	USD
CY2022Q1	acre	Mortgage Loans On Real Estate Receipt Of Origination Fee MortgageLoansOnRealEstateReceiptOfOriginationFee	2732000	USD
CY2022Q1	us-gaap	Mortgage Loans On Real Estate Other Additions MortgageLoansOnRealEstateOtherAdditions	35000000	USD
CY2022Q1	acre	Mortgage Loans On Real Estate Amortizing Payments MortgageLoansOnRealEstateAmortizingPayments	652000	USD
CY2022Q1	acre	Mortgage Loans On Real Estate Loan Paid Off MortgageLoansOnRealEstateLoanPaidOff	212208000	USD
CY2022Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	2280000	USD
CY2022Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest	2421772000	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Loss Excluding Accrued Interest FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	24700000	USD
CY2022Q1	acre	Mortgage Loanson Real Estate Commitment Reserveor Allowancefor Credit Loss Basis Points MortgageLoansonRealEstateCommitmentReserveorAllowanceforCreditLossBasisPoints	92
CY2022Q1	acre	Commitments Commitments	2700000000	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	912857000	USD
CY2022Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1453480000	USD
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1041157000	USD
CY2021Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1481755000	USD
CY2019Q4	acre	Number Of Non Recourse Notes NumberOfNonRecourseNotes	2	loan
CY2022Q1	us-gaap	Derivative Exchange Rate Floor1 DerivativeExchangeRateFloor1	0.0000
CY2022Q1	acre	Commitments Commitments	2682968000	USD
CY2021Q4	acre	Commitments Commitments	2662853000	USD
CY2022Q1	acre	Funded Commitments FundedCommitments	2439373000	USD
CY2021Q4	acre	Funded Commitments FundedCommitments	2429112000	USD
CY2022Q1	acre	Unfunded Commitments UnfundedCommitments	243595000	USD
CY2021Q4	acre	Unfunded Commitments UnfundedCommitments	233741000	USD
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	539174	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	0	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	90770	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	1666	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	446738	shares
CY2022Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestinthe Remainderofthe Year ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestintheRemainderoftheYear	30932	shares
CY2022Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo	176343	shares
CY2022Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Three ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearThree	146994	shares
CY2022Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Four ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFour	92469	shares
CY2022Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Five ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFive	0	shares
CY2022Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate	446738	shares
CY2022Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	16201000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	15740000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	47204397	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34417040	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	450152	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	303910	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	47654549	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34720950	shares
CY2022Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.34
CY2021Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.46
CY2022Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.34
CY2021Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.45
CY2022Q1	acre	Excise Taxes Rate ExciseTaxesRate	0.04
CY2022Q1	acre	Related Party Transaction Amendment To Management Agreement Real Estate Revenues Excluded From Net Income RelatedPartyTransactionAmendmentToManagementAgreementRealEstateRevenuesExcludedFromNetIncome	2400000	USD
CY2022Q1	acre	Related Party Transaction Amendment To Management Agreement Gain On Interest Rate Cap Derivatives Revenues Included In Net Income RelatedPartyTransactionAmendmentToManagementAgreementGainOnInterestRateCapDerivativesRevenuesIncludedInNetIncome	2000000	USD
CY2022Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	358000	USD
CY2021Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	658000	USD
CY2022Q1	acre	Related Party Transactions Management Fee Renewal Term RelatedPartyTransactionsManagementFeeRenewalTerm	P1Y
CY2022Q1	acre	Related Party Transactions Termination Fee Based On Average Annual Management And Incentive Fees Ratio RelatedPartyTransactionsTerminationFeeBasedOnAverageAnnualManagementAndIncentiveFeesRatio	3
CY2022Q1	acre	Related Party Transactions Management Fee Look Back Period RelatedPartyTransactionsManagementFeeLookBackPeriod	P24M
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2022Q1	us-gaap	Dividends Dividends	16740000	USD
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2022Q1	us-gaap	Dividends Dividends	16740000	USD
CY2021Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2021Q1	us-gaap	Dividends Dividends	14248000	USD
CY2021Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2021Q1	us-gaap	Dividends Dividends	14248000	USD
CY2022Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.33
CY2022Q1	acre	Common Stock Dividends Per Share Supplemental Cash Dividend CommonStockDividendsPerShareSupplementalCashDividend	0.02
CY2022Q1	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	62500000	USD
CY2021Q4	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	105400000	USD
CY2022Q1	us-gaap	Concentration Risk Credit Risk Financial Instrument Maximum Exposure ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure	238200000	USD

Files In Submission

Name	View Source	Status
0001628280-22-011867-index-headers.html	Edgar Link	pending
0001628280-22-011867-index.html	Edgar Link	pending
0001628280-22-011867.txt	Edgar Link	pending
0001628280-22-011867-xbrl.zip	Edgar Link	pending
acre-20220331.htm	Edgar Link	pending
acre-20220331.xsd	Edgar Link	pending
acre-20220331_cal.xml	Edgar Link	unprocessable
acre-20220331_def.xml	Edgar Link	unprocessable
acre-20220331_g1.jpg	Edgar Link	pending
acre-20220331_htm.xml	Edgar Link	completed
acre-20220331_lab.xml	Edgar Link	unprocessable
acre-20220331_pre.xml	Edgar Link	unprocessable
acrelogo.jpg	Edgar Link	pending
acreq1-22exhibit311.htm	Edgar Link	pending
acreq1-22exhibit312.htm	Edgar Link	pending
acreq1-22exhibit321.htm	Edgar Link	pending
exhibit107ms-aresxsecondam.htm	Edgar Link	pending
exhibit108lettertoamendman.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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$ACRE
Ares Commercial Real Estate Corp Stock $acre

2022 Q1 Form 10-Q Financial Statement

#000162828022011867 Filed on May 03, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE Ares Commercial Real Estate Corp Stock $acre

2022 Q1 Form 10-Q Financial Statement

#000162828022011867 Filed on May 03, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE
Ares Commercial Real Estate Corp Stock $acre