$ACRE
Ares Commercial Real Estate Corp

2022 Q4 Form 10-Q Financial Statement

#000162828022027651 Filed on November 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $52.55M $27.27M
YoY Change 18.65% 0.25%
Cost Of Revenue $26.43M $22.23M
YoY Change 46.5% 36.68%
Gross Profit $26.12M $23.40M
YoY Change -0.49% -0.87%
Gross Profit Margin 49.7% 85.82%
Selling, General & Admin $3.543M $3.269M
YoY Change -55.98% -53.74%
% of Gross Profit 13.56% 13.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit 0.0% 0.0%
Operating Expenses $22.95M $22.75M
YoY Change 155.91% 66.6%
Operating Profit $3.174M $649.0K
YoY Change -81.63% -93.48%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.174M $649.0K
YoY Change -81.63% -93.48%
Income Tax $264.0K $5.000K
% Of Pretax Income 8.32% 0.77%
Net Earnings $2.910M $644.0K
YoY Change -83.04% -93.53%
Net Earnings / Revenue 5.54% 2.36%
Basic Earnings Per Share
Diluted Earnings Per Share $0.05 $11.74K
COMMON SHARES
Basic Shares Outstanding 54.44M shares 54.44M shares
Diluted Shares Outstanding 54.85M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.3M $77.30M
YoY Change 179.12% 389.62%
Cash & Equivalents $141.3M $77.30M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $141.3M $77.30M
YoY Change 179.12% 389.62%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.94M $27.73M
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $2.382B $2.650B
YoY Change -7.73% 8.12%
TOTAL ASSETS
Total Short-Term Assets $141.3M $77.30M
Total Long-Term Assets $2.382B $2.650B
Total Assets $2.523B $2.727B
YoY Change -4.14% 10.56%
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 $24.93M $24.08M
YoY Change 19.67% 17.61%
LONG-TERM LIABILITIES
Long-Term Debt $1.737B $1.924B
YoY Change -9.7% 9.08%
Other Long-Term Liabilities $13.97M $12.45M
YoY Change 52.13% 24.76%
Total Long-Term Liabilities $1.751B $1.936B
YoY Change -9.41% 9.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.93M $24.08M
Total Long-Term Liabilities $1.751B $1.936B
Total Liabilities $1.775B $1.960B
YoY Change -9.1% 9.26%
SHAREHOLDERS EQUITY
Retained Earnings -$73.33M -$56.89M
YoY Change 156.11% 95.43%
Common Stock $813.3M $812.6M
YoY Change 15.46% 15.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $747.5M $767.1M
YoY Change
Total Liabilities & Shareholders Equity $2.523B $2.727B
YoY Change -4.14% 10.56%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $2.910M $644.0K
YoY Change -83.04% -93.53%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Operating Activities $15.09M $12.92M
YoY Change -16.49% 23.01%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $257.1M $12.25M
YoY Change -306.45% -104.59%
Cash From Investing Activities $257.1M $12.25M
YoY Change -306.35% -104.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -208.2M 26.51M
YoY Change -247.3% -86.53%
NET CHANGE
Cash From Operating Activities 15.09M 12.92M
Cash From Investing Activities 257.1M 12.25M
Cash From Financing Activities -208.2M 26.51M
Net Change In Cash 63.98M 51.67M
YoY Change 83.71% -186.29%
FREE CASH FLOW
Cash From Operating Activities $15.09M $12.92M
Capital Expenditures $0.00
Free Cash Flow $15.09M
YoY Change -16.76%

Facts In Submission

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dei Entity Registrant Name
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ARES COMMERCIAL REAL ESTATE CORPORATION
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2825000 usd
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766000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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7614000 usd
CY2022Q1 us-gaap Net Income Loss
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16201000 usd
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16740000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Stock Issued During Period Value New Issues
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190000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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699000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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1931000 usd
CY2022Q2 us-gaap Net Income Loss
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10031000 usd
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
34000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
673000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Dividends Cash
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Amortization Of Deferred Loan Origination Fees Net
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Depreciation
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Amortization Of Deferred Hedge Gains
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us-gaap Amortization Of Deferred Hedge Gains
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us-gaap Gains Losses On Sales Of Investment Real Estate
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2197000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
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us-gaap Increase Decrease In Other Operating Assets
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9831000 usd
us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Due To Affiliates
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us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
472000 usd
us-gaap Increase Decrease In Other Operating Liabilities
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408000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30280000 usd
us-gaap Payments To Acquire Loans Held For Investment
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ProceedsFromCollectionOfLoansReceivable
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us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
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us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
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us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
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us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
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us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
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us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
13008000 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
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
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us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
202660000 usd
acre Payments For Offering Costs On Public Offering
PaymentsForOfferingCostsOnPublicOffering
163000 usd
acre Payments For Offering Costs On Public Offering
PaymentsForOfferingCostsOnPublicOffering
293000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
48569000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26682000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
485810000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77297000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15787000 usd
us-gaap Number Of Reportable Segments
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1 segment
us-gaap Use Of Estimates
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<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 September 30, 2022, however, uncertainty over the global economy and the Company’s business, makes any estimates and assumptions as of September 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>
CY2022Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
18362000 usd
CY2021Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
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us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
43851000 usd
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
35900000 usd
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
70 loan
acre Mortgage Loans On Real Estate Number Of Loans Repaid Or Sold Since Inception
MortgageLoansOnRealEstateNumberOfLoansRepaidOrSoldSinceInception
139 loan
CY2022Q3 acre Mortgage Loans On Real Estate Total Commitment Amount
MortgageLoansOnRealEstateTotalCommitmentAmount
2900000000 usd
CY2022Q3 acre Mortgage Loans On Real Estate Total Commitment Amount Excluding Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountExcludingNoncontrollingInterest
2500000000 usd
acre Payments To Acquire Loans Held For Investment Including Non Cash Upsize And Excluding Capitalized Funding
PaymentsToAcquireLoansHeldForInvestmentIncludingNonCashUpsizeAndExcludingCapitalizedFunding
601800000 usd
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
503900000 usd
acre Percentage Of Loans Held For Investment Having Libor Floors
PercentageOfLoansHeldForInvestmentHavingLIBORFloors
0.908
acre Loans Receivable Description Of Variable Rate Basis Weighted Average Floor
LoansReceivableDescriptionOfVariableRateBasisWeightedAverageFloor
0.0092
CY2022Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
2508609000 usd
CY2022Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2527033000 usd
acre Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans
0.074
acre Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans
MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans
0.078
acre Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
P1Y4M24D
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
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0.055
CY2021 acre Mortgage Loans On Real Estate Remaining Life
MortgageLoansOnRealEstateRemainingLife
P1Y7M6D
CY2022Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2527000000 usd
CY2022Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
2508600000 usd
acre Mortgage Loans On Real Estate Unleveraged Effective Yield
MortgageLoansOnRealEstateUnleveragedEffectiveYield
0.074
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
522653000 usd
acre Mortgage Loans On Real Estate Receipt Of Origination Fee
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8423000 usd
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
77033000 usd
acre Mortgage Loans On Real Estate Amortizing Payments
MortgageLoansOnRealEstateAmortizingPayments
2405000 usd
acre Mortgage Loans On Real Estate Loan Paid Off
MortgageLoansOnRealEstateLoanPaidOff
502508000 usd
us-gaap Amortization Of Financing Costs And Discounts
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7876000 usd
CY2022Q3 acre Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest
MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest
2508609000 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
51900000 usd
CY2022Q3 acre Mortgage Loanson Real Estate Commitment Reserveor Allowancefor Credit Loss Basis Points
MortgageLoansonRealEstateCommitmentReserveorAllowanceforCreditLossBasisPoints
186
CY2022Q3 acre Commitments
Commitments
2800000000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
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1102697000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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1535000000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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1041157000 usd
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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1481755000 usd
CY2019Q4 acre Number Of Non Recourse Notes
NumberOfNonRecourseNotes
2 loan
CY2022Q3 us-gaap Derivative Exchange Rate Floor1
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CY2022Q3 acre Commitments
Commitments
2784902000 usd
CY2021Q4 acre Commitments
Commitments
2662853000 usd
CY2022Q3 acre Funded Commitments
FundedCommitments
2527033000 usd
CY2021Q4 acre Funded Commitments
FundedCommitments
2429112000 usd
CY2022Q3 acre Unfunded Commitments
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257869000 usd
CY2021Q4 acre Unfunded Commitments
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233741000 usd
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
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50000000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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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
123203 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
12064 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
428687 shares
CY2022Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestinthe Remainderofthe Year
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestintheRemainderoftheYear
10895 shares
CY2022Q3 acre Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo
183660 shares
CY2022Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Three
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearThree
143662 shares
CY2022Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Four
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFour
90470 shares
CY2022Q3 acre Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Five
ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFive
0 shares
CY2022Q3 acre Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate
428687 shares
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
644000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9951000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
26875000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
43307000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54415545 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46957339 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50753915 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40840453 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
431211 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
252130 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
439323 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
280298 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54846756 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47209469 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51193238 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41120751 shares
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.01
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.21
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.53
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.06
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.01
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.21
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.52
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.05
acre Excise Taxes Rate
ExciseTaxesRate
0.04
CY2022Q3 acre Number Of Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price
NumberOfDebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice
3 loan
CY2022Q3 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice
27900000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Term
DebtSecuritiesAvailableForSaleTerm
P10Y
CY2022Q3 acre Number Of Debt Securities Available For Sale
NumberOfDebtSecuritiesAvailableForSale
3 investment
CY2021Q4 acre Number Of Debt Securities Available For Sale
NumberOfDebtSecuritiesAvailableForSale
0 investment
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
28000000 usd
CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
27874000 usd
us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Discount Premium
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationDiscountPremium
126000 usd
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-144000 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
CY2022Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
855000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2200000 usd
CY2021Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
572000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1900000 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
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2022Q3 us-gaap Dividends
Dividends
19196000 usd
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
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.05
us-gaap Dividends
Dividends
55134000 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2021Q3 us-gaap Dividends
Dividends
16523000 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
1.05
us-gaap Dividends
Dividends
47299000 usd
CY2022Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.33
CY2022Q3 acre Common Stock Dividends Per Share Supplemental Cash Dividend
CommonStockDividendsPerShareSupplementalCashDividend
0.02
CY2022Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
129800000 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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acreq3-22exhibit311.htm Edgar Link pending
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