$ACRE
Ares Commercial Real Estate Corp

2022 Q3 Form 10-Q Financial Statement

#000162828022019750 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $27.27M $25.15M $24.02M
YoY Change 0.25% 6.86% 13.19%
Cost Of Revenue $22.23M $17.24M $15.67M
YoY Change 36.68% 19.25% 3.6%
Gross Profit $23.40M $21.38M $20.37M
YoY Change -0.87% 6.03% 11.62%
Gross Profit Margin 85.82% 85.02% 84.8%
Selling, General & Admin $3.269M $3.483M $6.856M
YoY Change -53.74% -39.95% 28.39%
% of Gross Profit 13.97% 16.29% 33.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
% of Gross Profit 0.0% 0.0% 0.0%
Operating Expenses $22.75M $11.25M $6.262M
YoY Change 66.6% 425.26% 169.91%
Operating Profit $649.0K $10.13M $14.11M
YoY Change -93.48% -43.8% -11.43%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $649.0K $10.13M $16.31M
YoY Change -93.48% -43.8% 2.39%
Income Tax $5.000K $98.00K $105.0K
% Of Pretax Income 0.77% 0.97% 0.64%
Net Earnings $644.0K $10.03M $16.20M
YoY Change -93.53% -43.05% 2.93%
Net Earnings / Revenue 2.36% 39.89% 67.44%
Basic Earnings Per Share
Diluted Earnings Per Share $11.74K $196.7K $340.0K
COMMON SHARES
Basic Shares Outstanding 54.44M shares 50.56M shares 47.20M shares
Diluted Shares Outstanding 54.85M shares 51.00M shares 47.65M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.30M $25.63M $13.76M
YoY Change 389.62% -66.14% -85.95%
Cash & Equivalents $77.30M $25.63M $13.76M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $77.30M $25.63M $13.76M
YoY Change 389.62% -66.14% -85.95%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.73M
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change
Total Long-Term Assets $2.650B $2.671B $2.502B
YoY Change 8.12% 22.44% 25.55%
TOTAL ASSETS
Total Short-Term Assets $77.30M $25.63M $13.76M
Total Long-Term Assets $2.650B $2.671B $2.502B
Total Assets $2.727B $2.696B $2.516B
YoY Change 10.56% 19.47% 20.33%
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 $24.08M $23.76M $20.56M
YoY Change 17.61% 17.28% 16.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.924B $1.876B $1.796B
YoY Change 9.08% 21.21% 20.62%
Other Long-Term Liabilities $12.45M $10.44M $9.794M
YoY Change 24.76% 7.82% 19.44%
Total Long-Term Liabilities $1.936B $1.887B $1.806B
YoY Change 9.17% 21.13% 20.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.08M $23.76M $20.56M
Total Long-Term Liabilities $1.936B $1.887B $1.806B
Total Liabilities $1.960B $1.910B $1.826B
YoY Change 9.26% 21.08% 20.57%
SHAREHOLDERS EQUITY
Retained Earnings -$56.89M -$38.34M -$29.17M
YoY Change 95.43% 70.1% 23.47%
Common Stock $812.6M $811.9M $708.0M
YoY Change 15.78% 15.75% 18.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $767.1M $786.0M $689.3M
YoY Change
Total Liabilities & Shareholders Equity $2.727B $2.696B $2.516B
YoY Change 10.56% 19.47% 20.33%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $644.0K $10.03M $16.20M
YoY Change -93.53% -43.05% 2.93%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Cash From Operating Activities $12.92M $12.94M $16.22M
YoY Change 23.01% 30.93% 63.39%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $12.25M -$165.9M $89.68M
YoY Change -104.59% -6.03% -168.25%
Cash From Investing Activities $12.25M -$165.9M $89.68M
YoY Change -104.58% -6.05% -168.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.51M 164.8M -$142.8M
YoY Change -86.53% 14.08% -198.72%
NET CHANGE
Cash From Operating Activities 12.92M 12.94M $16.22M
Cash From Investing Activities 12.25M -165.9M $89.68M
Cash From Financing Activities 26.51M 164.8M -$142.8M
Net Change In Cash 51.67M 11.87M -$36.86M
YoY Change -186.29% -153.44% -259.08%
FREE CASH FLOW
Cash From Operating Activities $12.92M $12.94M $16.22M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2021Q1 us-gaap Dividends Cash
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
575973000 usd
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AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
164000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
497000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-146000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
17615000 usd
CY2021Q2 us-gaap Dividends Cash
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16528000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
52000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
428000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-98000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
9951000 usd
CY2021Q3 us-gaap Dividends Cash
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16523000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
672743000 usd
CY2021Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2119000 usd
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
32000 usd
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
494000 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2874000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2825000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
17154000 usd
CY2021Q4 us-gaap Dividends Cash
DividendsCash
16675000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
678628000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
9000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
766000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
7614000 usd
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
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
103393000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
190000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
699000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1931000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
10031000 usd
CY2022Q2 us-gaap Dividends Cash
DividendsCash
19198000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
786000000 usd
us-gaap Net Income Loss
NetIncomeLoss
26231000 usd
us-gaap Net Income Loss
NetIncomeLoss
33355000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4058000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4491000 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
4938000 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
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3911000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1465000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1018000 usd
us-gaap Depreciation
Depreciation
0 usd
us-gaap Depreciation
Depreciation
449000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
7174000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
-253000 usd
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2197000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1930000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9346000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
406000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
581000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-864000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
267000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29152000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19781000 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
523735000 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
463871000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
400429000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
155302000 usd
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
6794000 usd
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
1342000 usd
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-38227000 usd
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
26000 usd
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-2085000 usd
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
700000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76200000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
9695000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
51110000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
27880000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1663000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9133000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
540471000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
11000000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33414000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
25373000 usd
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
106267000 usd
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
202660000 usd
acre Payments For Offering Costs On Public Offering
PaymentsForOfferingCostsOnPublicOffering
34000 usd
acre Payments For Offering Costs On Public Offering
PaymentsForOfferingCostsOnPublicOffering
26000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22058000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
289067000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24990000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
895000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25625000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75671000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Global macroeconomic conditions, including heightened inflation, changes to fiscal and monetary policy, higher interest rates, currency fluctuations, labor shortages and challenges in the supply chain, coupled with the war in Ukraine and the ongoing effects of the novel coronavirus (“COVID-19”) pandemic, have the potential to negatively impact the Company and its borrowers. These current macroeconomic conditions may continue or aggravate and could cause the United States economy or other global economies to experience an economic slowdown or 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 June 30, 2022, however, uncertainty over the global economy and the Company’s business, makes any estimates and assumptions as of June 30, 2022 inherently less certain than they would be absent the current and potential impacts of current macroeconomic conditions. Actual results could differ from those estimates.</span></div>
acre Loans Receivable Description Of Variable Rate Basis Weighted Average Floor
LoansReceivableDescriptionOfVariableRateBasisWeightedAverageFloor
0.0095
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
78 loan
acre Payments To Acquire Loans Held For Investment Including Non Cash Upsize And Excluding Capitalized Funding
PaymentsToAcquireLoansHeldForInvestmentIncludingNonCashUpsizeAndExcludingCapitalizedFunding
533400000 usd
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
337100000 usd
acre Percentage Of Loans Held For Investment Having Libor Floors
PercentageOfLoansHeldForInvestmentHavingLIBORFloors
0.913
CY2022Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
13475000 usd
CY2021Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
11092000 usd
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
25488000 usd
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
23231000 usd
acre Mortgage Loans On Real Estate Number Of Loans Repaid Or Sold Since Inception
MortgageLoansOnRealEstateNumberOfLoansRepaidOrSoldSinceInception
128 loan
CY2022Q2 acre Mortgage Loans On Real Estate Total Commitment Amount
MortgageLoansOnRealEstateTotalCommitmentAmount
3000000000 usd
CY2022Q2 acre Mortgage Loans On Real Estate Total Commitment Amount Excluding Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountExcludingNoncontrollingInterest
2600000000 usd
CY2022Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
2605893000 usd
CY2022Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2625448000 usd
acre Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans
0.062
acre Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans
0.063
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
CY2021 acre Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans
0.054
CY2021 acre Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans
0.055
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
32400000 usd
CY2021 acre Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
P1Y7M6D
CY2022Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2625400000 usd
CY2022Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
2605900000 usd
acre Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
0.062
CY2022Q2 us-gaap Derivative Exchange Rate Floor1
DerivativeExchangeRateFloor1
0.0000
CY2021Q4 acre Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest
2414383000 usd
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
473200000 usd
acre Mortgage Loans On Real Estate Receipt Of Origination Fee
MortgageLoansOnRealEstateReceiptOfOriginationFee
7345000 usd
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
58045000 usd
acre Mortgage Loans On Real Estate Amortizing Payments
MortgageLoansOnRealEstateAmortizingPayments
1176000 usd
acre Mortgage Loans On Real Estate Loan Paid Off
MortgageLoansOnRealEstateLoanPaidOff
336152000 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
4938000 usd
CY2022Q2 acre Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest
2605893000 usd
CY2022Q2 acre Mortgage Loanson Real Estate Commitment Reserveor Allowancefor Credit Loss Basis Points
MortgageLoansonRealEstateCommitmentReserveorAllowanceforCreditLossBasisPoints
111
CY2022Q2 acre Commitments
Commitments
2900000000 usd
CY2019Q4 acre Number Of Non Recourse Notes
NumberOfNonRecourseNotes
2 loan
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1003059000 usd
CY2022Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1430000000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1041157000 usd
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1481755000 usd
CY2022Q2 acre Commitments
Commitments
2910504000 usd
CY2021Q4 acre Commitments
Commitments
2662853000 usd
CY2022Q2 acre Funded Commitments
FundedCommitments
2625448000 usd
CY2021Q4 acre Funded Commitments
FundedCommitments
2429112000 usd
CY2022Q2 acre Unfunded Commitments
UnfundedCommitments
285056000 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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
24780 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
116582 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
5365 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
442007 shares
CY2022Q2 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestinthe Remainderofthe Year
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestintheRemainderoftheYear
17516 shares
CY2022Q2 acre Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo
186694 shares
CY2022Q2 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Three
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearThree
145828 shares
CY2022Q2 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Four
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFour
91969 shares
CY2022Q2 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Five
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFive
0 shares
CY2022Q2 acre Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate
442007 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37731317 shares
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10031000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
17615000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
26231000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
33355000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50562559 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41009175 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48892754 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
436946 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
285422 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
443513 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
294616 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50999505 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41294597 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49336267 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38025933 shares
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.20
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.43
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.54
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.88
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.20
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.43
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.53
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.88
acre Excise Taxes Rate
ExciseTaxesRate
0.04
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2022Q2 us-gaap Dividends
Dividends
19198000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2022Q1 us-gaap Dividends
Dividends
16740000 usd
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
CY2022Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
965000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1300000 usd
CY2021Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
693000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1400000 usd
acre Related Party Transactions Management Fee Renewal Term
RelatedPartyTransactionsManagementFeeRenewalTerm
P1Y
acre Related Party Transactions Termination Fee Based On Average Annual Management And Incentive Fees Ratio
RelatedPartyTransactionsTerminationFeeBasedOnAverageAnnualManagementAndIncentiveFeesRatio
3
acre Related Party Transactions Management Fee Look Back Period
RelatedPartyTransactionsManagementFeeLookBackPeriod
P24M
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
us-gaap Dividends
Dividends
35938000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2021Q2 us-gaap Dividends
Dividends
16528000 usd
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2021Q1 us-gaap Dividends
Dividends
14248000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
us-gaap Dividends
Dividends
30776000 usd
CY2022Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.33
CY2022Q2 acre Common Stock Dividends Per Share Supplemental Cash Dividend
CommonStockDividendsPerShareSupplementalCashDividend
0.02
CY2022Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
62900000 usd
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
105400000 usd
us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
238200000 usd

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