$ACRE
Ares Commercial Real Estate Corp Stock $acre

$acre Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000162828024006105 Filed on February 22, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$18.69M	$47.51M	$92.93M
YoY Change	-29.47%	-9.6%	-13.03%
Cost Of Revenue	$31.59M	$32.90M	$121.9M
YoY Change	21.45%	24.48%	49.46%
Gross Profit	$15.92M	$14.61M	$80.66M
YoY Change	-32.21%	-44.08%	-11.62%
Gross Profit Margin	85.19%	30.74%	86.8%
Selling, General & Admin	$4.768M	$4.621M	$14.95M
YoY Change	49.56%	30.43%	-12.86%
% of Gross Profit	29.94%	31.64%	18.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$786.0K	$816.0K	$1.000M
YoY Change
% of Gross Profit	4.94%	5.59%	1.24%
Operating Expenses	$28.25M	$54.11M	$119.6M
YoY Change	-5.28%	135.81%	89.15%
Operating Profit	-$12.32M	-$39.50M	-$38.91M
YoY Change	94.68%	-1344.49%	-238.65%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$12.32M	-$39.50M	-$38.91M
YoY Change	94.68%	-1344.49%	-228.59%
Income Tax	$2.000K	-$87.00K	-$39.00K
% Of Pretax Income
Net Earnings	-$12.32M	-$39.41M	-$38.87M
YoY Change	91.38%	-1454.4%	-230.49%
Net Earnings / Revenue	-65.93%	-82.96%	-41.83%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.23	-$0.73	-$0.72
COMMON SHARES
Basic Shares Outstanding	54.42M shares	54.14M shares	54.28M shares
Diluted Shares Outstanding	54.40M shares		54.28M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$99.52M	$110.5M	$110.5M
YoY Change	-35.28%	-21.81%	-21.81%
Cash & Equivalents	$99.52M	$110.5M	$110.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$99.52M	$110.5M	$110.5M
YoY Change	-35.28%	-21.81%	-21.81%
LONG-TERM ASSETS
Property, Plant & Equipment	$82.50M	$83.28M	$83.28M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$28.15M	$28.06M	$28.06M
YoY Change	0.5%	0.44%	0.44%
Other Assets
YoY Change
Total Long-Term Assets	$2.011B	$2.169B	$2.169B
YoY Change	-12.2%	-8.92%	-8.92%
TOTAL ASSETS
Total Short-Term Assets	$99.52M	$110.5M	$110.5M
Total Long-Term Assets	$2.011B	$2.169B	$2.169B
Total Assets	$2.111B	$2.280B	$2.280B
YoY Change	-13.65%	-9.64%	-9.64%
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	$18.08M	$22.36M	$22.36M
YoY Change	-22.21%	-10.32%	-10.32%
LONG-TERM LIABILITIES
Long-Term Debt	$1.480B	$1.617B	$1.617B
YoY Change	-12.34%	-6.89%	-6.89%
Other Long-Term Liabilities	$11.96M	$14.58M	$14.58M
YoY Change	-20.37%	4.4%	4.4%
Total Long-Term Liabilities	$1.492B	$1.632B	$1.632B
YoY Change	-12.41%	-6.8%	-6.8%
TOTAL LIABILITIES
Total Short-Term Liabilities	$18.08M	$22.36M	$22.36M
Total Long-Term Liabilities	$1.492B	$1.632B	$1.632B
Total Liabilities	$1.510B	$1.654B	$1.654B
YoY Change	-12.54%	-6.85%	-6.85%
SHAREHOLDERS EQUITY
Retained Earnings	-$213.1M	-$187.0M
YoY Change	115.06%	155.05%
Common Stock	$814.0M	$812.7M
YoY Change	-0.04%	-0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$601.1M	$625.8M	$625.8M
YoY Change
Total Liabilities & Shareholders Equity	$2.111B	$2.280B	$2.280B
YoY Change	-13.65%	-9.64%	-9.64%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$12.32M	-$39.41M	-$38.87M
YoY Change	91.38%	-1454.4%	-230.49%
Depreciation, Depletion And Amortization	$786.0K	$816.0K	$1.000M
YoY Change
Cash From Operating Activities	$11.38M	$10.09M	$46.79M
YoY Change	1.08%	-33.14%	-18.14%
INVESTING ACTIVITIES
Capital Expenditures		$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$134.0M	$85.86M	$127.5M
YoY Change	91.29%	-66.61%	-34.02%
Cash From Investing Activities	$134.0M	$85.86M	$127.5M
YoY Change	91.29%	-66.61%	-34.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$4.600M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$156.3M	-46.47M	-$205.1M
YoY Change	127.14%	-77.68%	28.43%
NET CHANGE
Cash From Operating Activities	$11.38M	10.09M	$46.79M
Cash From Investing Activities	$134.0M	85.86M	$127.5M
Cash From Financing Activities	-$156.3M	-46.47M	-$205.1M
Net Change In Cash	-$10.94M	49.48M	-$30.82M
YoY Change	-187.63%	-22.66%	-133.99%
FREE CASH FLOW
Cash From Operating Activities	$11.38M	$10.09M	$46.79M
Capital Expenditures		$0.00	$0.00
Free Cash Flow		$10.09M	$46.79M
YoY Change		-33.14%	-18.14%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.72
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54281998	shares
CY2021	acre	Payments For Offering Costs On Public Offering PaymentsForOfferingCostsOnPublicOffering	324000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.72
CY2022	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.58
CY2022	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.57
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54281998	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51679744	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	52126256	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42681505	shares
CY2023	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans	0.075
CY2023	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans	0.094
CY2023	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P1Y1M6D
CY2022Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2264008000	usd
CY2022Q4	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2282821000	usd
CY2022	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans	0.085
CY2022	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans	0.089
CY2022	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P1Y4M24D
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001529377
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023Q4	acre	Mortgage Loanson Real Estate Commitment Reserveor Allowancefor Credit Loss Basis Points MortgageLoansonRealEstateCommitmentReserveorAllowanceforCreditLossBasisPoints	0.0717
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-35517
CY2023	dei	Entity Registrant Name EntityRegistrantName	ARES COMMERCIAL REAL ESTATE CORPORATION
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	45-3148087
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	245 Park Avenue
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	42nd Floor
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10167
CY2023	dei	City Area Code CityAreaCode	212
CY2023	dei	Local Phone Number LocalPhoneNumber	750-7300
CY2023	dei	Security12b Title Security12bTitle	Common Stock, $0.01 par value per share
CY2023	dei	Trading Symbol TradingSymbol	ACRE
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	false
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	527664761	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	54422613	shares
CY2023Q4	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023	dei	Auditor Firm AuditorFirmId	42
CY2023	dei	Auditor Name AuditorName	Ernst & Young LLP
CY2023	dei	Auditor Location AuditorLocation	Los Angeles, California
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	110459000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	141278000	usd
CY2023Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2126524000	usd
CY2022Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2264008000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	159885000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	65969000	usd
CY2023Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest Net MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterestNet	1966639000	usd
CY2022Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest Net MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterestNet	2198039000	usd
CY2023Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	38981000	usd
CY2022Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	0	usd
CY2023Q4	us-gaap	Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss	28060000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss	27936000	usd
CY2023Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	83284000	usd
CY2022Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	0	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	52354000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	155749000	usd
CY2023Q4	us-gaap	Assets Assets	2279777000	usd
CY2022Q4	us-gaap	Assets Assets	2523002000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	639817000	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	705231000	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	104662000	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	104460000	usd
CY2023Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	149393000	usd
CY2022Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	149200000	usd
CY2023Q4	acre	Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt VariableInterestEntityCollateralizedLoanObligationSecuritiesLongTermDebt	723117000	usd
CY2022Q4	acre	Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt VariableInterestEntityCollateralizedLoanObligationSecuritiesLongTermDebt	777675000	usd
CY2023Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	4135000	usd
CY2022Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	5580000	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	18220000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	19347000	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	14584000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	13969000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	1653928000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	1775462000	usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	54149225	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	54149225	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	54443983	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	54443983	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	532000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	537000	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	812184000	usd
CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	812788000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	153000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	7541000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-187020000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-73326000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	625849000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	747540000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2279777000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2523002000	usd
CY2023	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	198608000	usd
CY2022	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	170171000	usd
CY2021	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	133631000	usd
CY2023	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	109652000	usd
CY2022	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	65994000	usd
CY2021	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	50080000	usd
CY2023	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	88956000	usd
CY2022	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	104177000	usd
CY2021	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	83551000	usd
CY2023	acre	Operating Revenuefrom Real Estate Owned OperatingRevenuefromRealEstateOwned	3970000	usd
CY2022	acre	Operating Revenuefrom Real Estate Owned OperatingRevenuefromRealEstateOwned	2672000	usd
CY2021	acre	Operating Revenuefrom Real Estate Owned OperatingRevenuefromRealEstateOwned	18518000	usd
CY2022	us-gaap	Revenues Revenues	106849000	usd
CY2021	us-gaap	Revenues Revenues	102069000	usd
CY2021	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	12136000	usd
CY2023	us-gaap	Debt And Equity Securities Realized Gain Loss DebtAndEquitySecuritiesRealizedGainLoss	-10499000	usd
CY2023	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	-995000	usd
CY2022	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	0	usd
CY2023	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	usd
CY2022	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	2197000	usd
CY2021	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-39000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	29785000	usd
CY2021	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	1.43
CY2021	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	1.42
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	42399613	shares
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-38867000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	29785000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	60460000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	-7486000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	4642000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	2844000	usd
CY2023	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	98000	usd
CY2022	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	55000	usd
CY2021	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-46255000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	34482000	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	63304000	usd
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	473015000	usd
CY2021	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	204779000	usd
CY2021	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	436000	usd
CY2021	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1940000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	2844000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	60460000	usd
CY2021	us-gaap	Dividends Cash DividendsCash	63974000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	678628000	usd
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	106267000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	233000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2876000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	4697000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	29785000	usd
CY2022	us-gaap	Dividends Cash DividendsCash	74480000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	747540000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3991000	usd
CY2023	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	4600000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-7388000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-38867000	usd
CY2023	us-gaap	Dividends Cash DividendsCash	74827000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	625849000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-38867000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	29785000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	60460000	usd
CY2023	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	3899000	usd
CY2022	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	7096000	usd
CY2021	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	9895000	usd
CY2023	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	6135000	usd
CY2022	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	10347000	usd
CY2021	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	8433000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	3991000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	2876000	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	1940000	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1016000	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	0	usd
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	825000	usd
CY2023	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	91825000	usd
CY2022	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	46061000	usd
CY2021	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	10000	usd
CY2023	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	-10499000	usd
CY2022	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	0	usd
CY2021	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	0	usd
CY2023	acre	Unrealized Gain Loss On Loans Held For Sale UnrealizedGainLossOnLoansHeldForSale	-995000	usd
CY2022	acre	Unrealized Gain Loss On Loans Held For Sale UnrealizedGainLossOnLoansHeldForSale	0	usd
CY2021	acre	Unrealized Gain Loss On Loans Held For Sale UnrealizedGainLossOnLoansHeldForSale	0	usd
CY2023	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	-921000	usd
CY2022	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	-1029000	usd
CY2021	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	0	usd
CY2023	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	usd
CY2022	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	2197000	usd
CY2021	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	usd
CY2023	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	19879000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	17674000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	18545000	usd
CY2023	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-1445000	usd
CY2022	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	1424000	usd
CY2021	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	1006000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1811000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1162000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1192000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	46789000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	57157000	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	48350000	usd
CY2023	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	199829000	usd
CY2022	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	652720000	usd
CY2021	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	1241996000	usd
CY2023	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	288626000	usd
CY2022	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	824940000	usd
CY2021	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	534973000	usd
CY2023	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	37200000	usd
CY2022	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	0	usd
CY2021	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	0	usd
CY2023	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	1463000	usd
CY2022	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	8513000	usd
CY2021	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	7632000	usd
CY2023	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	0	usd
CY2022	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	0	usd
CY2021	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	144000	usd
CY2023	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	usd
CY2022	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	38227000	usd
CY2021	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	usd
CY2023	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	0	usd
CY2022	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	27872000	usd
CY2021	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	0	usd
CY2023	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	0	usd
CY2022	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-2085000	usd
CY2021	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	150000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	127460000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	193173000	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-699685000	usd
CY2023	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	usd
CY2022	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	105000000	usd
CY2021	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	15869000	usd
CY2023	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	usd
CY2022	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	51110000	usd
CY2021	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	27880000	usd
CY2023	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	4049000	usd
CY2022	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	4467000	usd
CY2021	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	13066000	usd
CY2023	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	usd
CY2022	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	usd
CY2021	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	540471000	usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	85856000	usd
CY2021	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	121246000	usd
CY2023	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	75954000	usd
CY2022	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	71807000	usd
CY2021	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	58424000	usd
CY2023	us-gaap	Proceeds From Sale Of Treasury Stock ProceedsFromSaleOfTreasuryStock	0	usd
CY2022	us-gaap	Proceeds From Sale Of Treasury Stock ProceedsFromSaleOfTreasuryStock	106267000	usd
CY2021	us-gaap	Proceeds From Sale Of Treasury Stock ProceedsFromSaleOfTreasuryStock	204779000	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4600000	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2021	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2023	acre	Payments For Offering Costs On Public Offering PaymentsForOfferingCostsOnPublicOffering	0	usd
CY2022	acre	Payments For Offering Costs On Public Offering PaymentsForOfferingCostsOnPublicOffering	163000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-205068000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-159667000	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	627174000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-30819000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	90663000	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-24161000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	141278000	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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	110459000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	141278000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	50615000	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	103717000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	57819000	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	40126000	usd
CY2023	us-gaap	Income Taxes Paid IncomeTaxesPaid	375000	usd
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	250000	usd
CY2021	us-gaap	Income Taxes Paid IncomeTaxesPaid	1406000	usd
CY2023	acre	Dividend Declared Not Yet Paid DividendDeclaredNotYetPaid	18220000	usd
CY2022	acre	Dividend Declared Not Yet Paid DividendDeclaredNotYetPaid	19347000	usd
CY2021	acre	Dividend Declared Not Yet Paid DividendDeclaredNotYetPaid	16674000	usd
CY2023	us-gaap	Notes Issued1 NotesIssued1	32002000	usd
CY2022	us-gaap	Notes Issued1 NotesIssued1	129495000	usd
CY2021	us-gaap	Notes Issued1 NotesIssued1	128589000	usd
CY2023	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	84300000	usd
CY2022	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	0	usd
CY2021	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	0	usd
CY2023	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	353000	usd
CY2022	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	0	usd
CY2021	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	0	usd
CY2023	acre	Liabilities Related To Real Estate Owned Held For Investment LiabilitiesRelatedToRealEstateOwnedHeldForInvestment	1713000	usd
CY2022	acre	Liabilities Related To Real Estate Owned Held For Investment LiabilitiesRelatedToRealEstateOwnedHeldForInvestment	0	usd
CY2021	acre	Liabilities Related To Real Estate Owned Held For Investment LiabilitiesRelatedToRealEstateOwnedHeldForInvestment	0	usd
CY2023	acre	Transfer Of Senior Mortgage Loan To Real Estate Owned TransferOfSeniorMortgageLoanToRealEstateOwned	82940000	usd
CY2022	acre	Transfer Of Senior Mortgage Loan To Real Estate Owned TransferOfSeniorMortgageLoanToRealEstateOwned	0	usd
CY2021	acre	Transfer Of Senior Mortgage Loan To Real Estate Owned TransferOfSeniorMortgageLoanToRealEstateOwned	0	usd
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023	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: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 high inflation, changes to fiscal and monetary policy, high interest rates, potential market-wide liquidity problems, currency fluctuations, labor shortages and challenges in the supply chain, 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 December 31, 2023, however, uncertainty over the global economy and the Company’s business, makes any estimates and assumptions as of December 31, 2023 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>
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<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%">Concentration of Credit Risk</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%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, loans held for investment, available-for-sale debt securities and interest receivable. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may exceed the Federal Deposit Insurance Corporation insured limit. The Company has exposure to credit risk on its loans held for investment and available-for-sale debt securities. The Company and the Company’s Manager seek to manage credit risk by performing due diligence prior to origination or acquisition and through the use of non‑recourse financing, when and where available and appropriate.</span></div>
CY2023	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	109652000	usd
CY2022	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	65994000	usd
CY2021	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	50080000	usd
CY2023	srt	Mortgage Loans On Real Estate Number Of Loans MortgageLoansOnRealEstateNumberOfLoans	46	loan
CY2023	acre	Mortgage Loans On Real Estate Number Of Loans Repaid Or Sold Since Inception MortgageLoansOnRealEstateNumberOfLoansRepaidOrSoldSinceInception	167	loan
CY2023Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount MortgageLoansOnRealEstateTotalCommitmentAmount	2400000000	usd
CY2023Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Excluding Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountExcludingNoncontrollingInterest	2200000000	usd
CY2023	acre	Payments To Acquire Loans Held For Investment Including Non Cash Upsize And Excluding Capitalized Funding PaymentsToAcquireLoansHeldForInvestmentIncludingNonCashUpsizeAndExcludingCapitalizedFunding	215900000	usd
CY2023	srt	Mortgage Loans On Real Estate Collections Of Principal MortgageLoansOnRealEstateCollectionsOfPrincipal	181100000	usd
CY2023	acre	Mortgage Loans On Real Estate Number Of Loans Sold MortgageLoansOnRealEstateNumberOfLoansSold	2	loan
CY2023Q4	us-gaap	Principal Amount Outstanding On Loans Held For Sale Or Securitization PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization	41500000	usd
CY2023	acre	Mortgage Loans On Real Estate Number Of Loans Converted MortgageLoansOnRealEstateNumberOfLoansConverted	1	loan
CY2023Q4	us-gaap	Principal Amount Outstanding On Loans Securitized PrincipalAmountOutstandingOnLoansSecuritized	82900000	usd
CY2023	acre	Mortgage Loans On Real Estate Number Of Loans Transferred MortgageLoansOnRealEstateNumberOfLoansTransferred	1	loan
CY2023Q4	us-gaap	Principal Amount Outstanding Of Loans Held In Portfolio PrincipalAmountOutstandingOfLoansHeldInPortfolio	37900000	usd
CY2023	acre	Percentage Of Loans Held For Investment Having Libor Floors PercentageOfLoansHeldForInvestmentHavingLIBORFloors	0.690
CY2023	acre	Loans Receivable Description Of Variable Rate Basis Weighted Average Floor LoansReceivableDescriptionOfVariableRateBasisWeightedAverageFloor	0.0113
CY2023Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2126524000	usd
CY2023Q4	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2158045000	usd
CY2023Q4	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2158000000	usd
CY2023Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2126500000	usd
CY2023	acre	Mortgage Loans On Real Estate Unleveraged Effective Yield MortgageLoansOnRealEstateUnleveragedEffectiveYield	0.075
CY2021Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest	2414383000	usd
CY2022	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	578652000	usd
CY2022	acre	Mortgage Loans On Real Estate Receipt Of Origination Fee MortgageLoansOnRealEstateReceiptOfOriginationFee	9577000	usd
CY2022	us-gaap	Mortgage Loans On Real Estate Other Additions MortgageLoansOnRealEstateOtherAdditions	96057000	usd
CY2022	acre	Mortgage Loans On Real Estate Amortizing Payments MortgageLoansOnRealEstateAmortizingPayments	4333000	usd
CY2022	acre	Mortgage Loans On Real Estate Loan Paid Off MortgageLoansOnRealEstateLoanPaidOff	821513000	usd
CY2022	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10339000	usd
CY2022Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest	2264008000	usd
CY2023	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	114542000	usd
CY2023	acre	Mortgage Loans On Real Estate Receipt Of Origination Fee MortgageLoansOnRealEstateReceiptOfOriginationFee	1646000	usd
CY2023	us-gaap	Mortgage Loans On Real Estate Other Additions MortgageLoansOnRealEstateOtherAdditions	101592000	usd
CY2023	acre	Mortgage Loans On Real Estate Amortizing Payments MortgageLoansOnRealEstateAmortizingPayments	16169000	usd
CY2023	acre	Mortgage Loans On Real Estate Loan Paid Off MortgageLoansOnRealEstateLoanPaidOff	179808000	usd
CY2023	acre	Mortgage Loans On Real Estate Loan Sold MortgageLoansOnRealEstateLoanSold	41489000	usd
CY2023	acre	Mortgage Loans On Real Estate Loans Transferred To Held For Sale MortgageLoansOnRealEstateLoansTransferredToHeldForSale	37939000	usd
CY2023	acre	Mortgage Loans Loan Converted To Real Estate Owned MortgageLoansLoanConvertedToRealEstateOwned	82676000	usd
CY2023	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	6109000	usd
CY2023Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest	2126524000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Loss Excluding Accrued Interest FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	163100000	usd
CY2023Q4	acre	Commitments Commitments	2300000000	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1000000	usd
CY2023Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	11084000	usd
CY2023Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	322000	usd
CY2023Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	10762000	usd
CY2023Q4	us-gaap	Below Market Lease Amortization Income Next Twelve Months BelowMarketLeaseAmortizationIncomeNextTwelveMonths	1027000	usd
CY2023Q4	us-gaap	Below Market Lease Amortization Income Year Two BelowMarketLeaseAmortizationIncomeYearTwo	1027000	usd
CY2023Q4	us-gaap	Below Market Lease Amortization Income Year Three BelowMarketLeaseAmortizationIncomeYearThree	618000	usd
CY2023Q4	us-gaap	Below Market Lease Amortization Income Year Four BelowMarketLeaseAmortizationIncomeYearFour	571000	usd
CY2023Q4	us-gaap	Below Market Lease Amortization Income Year Five BelowMarketLeaseAmortizationIncomeYearFive	542000	usd
CY2023Q4	us-gaap	Below Market Lease Amortization Income After Year Five BelowMarketLeaseAmortizationIncomeAfterYearFive	6977000	usd
CY2023Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	10762000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	9771000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	9885000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	10002000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	9903000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	9895000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	34015000	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	83471000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	894817000	usd
CY2023Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1535000000	usd
CY2023	acre	Debt Instrument Covenant Ratio Of Debt To Tangible Net Worth DebtInstrumentCovenantRatioOfDebtToTangibleNetWorth	4.50
CY2019Q4	acre	Number Of Non Recourse Notes NumberOfNonRecourseNotes	2	loan
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	744817000	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	150000000	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	0	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	0	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	0	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	894817000	usd
CY2023Q4	us-gaap	Derivative Exchange Rate Floor1 DerivativeExchangeRateFloor1	0.0000
CY2023Q4	acre	Commitments Commitments	2274584000	usd
CY2022Q4	acre	Commitments Commitments	2510308000	usd
CY2023Q4	acre	Funded Commitments FundedCommitments	2158045000	usd
CY2022Q4	acre	Funded Commitments FundedCommitments	2282821000	usd
CY2023Q4	acre	Unfunded Commitments UnfundedCommitments	116539000	usd
CY2022Q4	acre	Unfunded Commitments UnfundedCommitments	227487000	usd
CY2022Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	50000000	usd
CY2023Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	50000000	usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	848609000	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	491016000	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	223129000	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	20165000	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1096331000	shares
CY2023Q4	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year One ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearOne	306202	shares
CY2023Q4	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo	366298	shares
CY2023Q4	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Three ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearThree	281613	shares
CY2023Q4	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Four ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFour	142218	shares
CY2023Q4	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Five ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFive	0	shares
CY2023Q4	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate	1096331	shares
CY2023Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	9000000	usd
CY2022Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	8000000	usd
CY2021Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	6000000	usd
CY2023	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y1M6D
CY2022	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M18D
CY2021	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M18D
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-38867000	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-38867000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	29785000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29785000	usd
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	60460000	usd
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	60460000	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54281998	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51679744	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	42399613	shares
CY2023	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	0	shares
CY2022	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	446512	shares
CY2021	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	281892	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54281998	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	52126256	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	42681505	shares
CY2023	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.72
CY2022	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.58
CY2021	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	1.43
CY2023	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.72
CY2022	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.57
CY2021	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	1.42
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	709731	shares
CY2022	acre	Number Of Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price NumberOfDebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice	3	loan
CY2022	us-gaap	Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice	27900000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Term DebtSecuritiesAvailableForSaleTerm	P10Y
CY2022Q4	acre	Number Of Debt Securities Available For Sale NumberOfDebtSecuritiesAvailableForSale	3	investment
CY2023Q4	acre	Number Of Debt Securities Available For Sale NumberOfDebtSecuritiesAvailableForSale	3	investment
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	28000000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	27906000	usd
CY2023	us-gaap	Debt Securities Available For Sale Purchased With Credit Deterioration Discount Premium DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationDiscountPremium	94000	usd
CY2023	us-gaap	Debt Securities Available For Sale Unrealized Gain Loss DebtSecuritiesAvailableForSaleUnrealizedGainLoss	154000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	28000000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	27881000	usd
CY2022	us-gaap	Debt Securities Available For Sale Purchased With Credit Deterioration Discount Premium DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationDiscountPremium	119000	usd
CY2022	us-gaap	Debt Securities Available For Sale Unrealized Gain Loss DebtSecuritiesAvailableForSaleUnrealizedGainLoss	55000	usd
CY2023	acre	Related Party Transactions Management Fee Renewal Term RelatedPartyTransactionsManagementFeeRenewalTerm	P1Y
CY2023	acre	Related Party Transactions Termination Fee Based On Average Annual Management And Incentive Fees Ratio RelatedPartyTransactionsTerminationFeeBasedOnAverageAnnualManagementAndIncentiveFeesRatio	3
CY2023	acre	Related Party Transactions Management Fee Look Back Period RelatedPartyTransactionsManagementFeeLookBackPeriod	P24M
CY2023	acre	Number Of Affiliates Of Company Manager Whom May Originate Commercial Real Estate Loans NumberOfAffiliatesOfCompanyManagerWhomMayOriginateCommercialRealEstateLoans	1	loan
CY2023Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.33
CY2023Q4	us-gaap	Dividends Dividends	18220000	usd
CY2023Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.33
CY2023Q3	us-gaap	Dividends Dividends	18082000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2023Q2	us-gaap	Dividends Dividends	19180000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2023Q1	us-gaap	Dividends Dividends	19345000	usd
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.36
CY2023	us-gaap	Dividends Dividends	74827000	usd
CY2022Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2022Q4	us-gaap	Dividends Dividends	19347000	usd
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
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.40
CY2022	us-gaap	Dividends Dividends	74481000	usd
CY2021Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2021Q4	us-gaap	Dividends Dividends	16674000	usd
CY2021Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2021Q3	us-gaap	Dividends Dividends	16524000	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
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.40
CY2021	us-gaap	Dividends Dividends	63974000	usd
CY2023Q4	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.33
CY2023Q4	acre	Common Stock Dividends Per Share Supplemental Cash Dividend CommonStockDividendsPerShareSupplementalCashDividend	0.02
CY2023Q4	acre	Receivables Related To Repayments Of Outstanding Principal On Previous Mortgage Assets ReceivablesRelatedToRepaymentsOfOutstandingPrincipalOnPreviousMortgageAssets	31000000	usd
CY2022Q4	acre	Receivables Related To Repayments Of Outstanding Principal On Previous Mortgage Assets ReceivablesRelatedToRepaymentsOfOutstandingPrincipalOnPreviousMortgageAssets	127600000	usd
CY2023	us-gaap	Concentration Risk Credit Risk Financial Instrument Maximum Exposure ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure	238200000	usd

Files In Submission

Name	View Source	Status
0001628280-24-006105-index-headers.html	Edgar Link	pending
0001628280-24-006105-index.html	Edgar Link	pending
0001628280-24-006105.txt	Edgar Link	pending
0001628280-24-006105-xbrl.zip	Edgar Link	pending
acre-20231231.htm	Edgar Link	pending
acre-20231231.xsd	Edgar Link	pending
acre-20231231_g1.jpg	Edgar Link	pending
acre-20231231_g2.jpg	Edgar Link	pending
acreq4-23exhibit211.htm	Edgar Link	pending
acreq4-23exhibit231.htm	Edgar Link	pending
acre-20231231_cal.xml	Edgar Link	unprocessable
acre-20231231_htm.xml	Edgar Link	completed
acreq4-23exhibit311.htm	Edgar Link	pending
acreq4-23exhibit312.htm	Edgar Link	pending
acreq4-23exhibit321.htm	Edgar Link	pending
acreq4-23exhibit971.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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report.css	Edgar Link	pending
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acre-20231231_pre.xml	Edgar Link	unprocessable
acre-20231231_def.xml	Edgar Link	unprocessable
acre-20231231_lab.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable

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$ACRE
Ares Commercial Real Estate Corp Stock $acre

2024 Q1 Form 10-K Financial Statement

#000162828024006105 Filed on February 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE Ares Commercial Real Estate Corp Stock $acre

2024 Q1 Form 10-K Financial Statement

#000162828024006105 Filed on February 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE
Ares Commercial Real Estate Corp Stock $acre