$ACRE
Ares Commercial Real Estate Corp Stock $acre

$acre Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000162828024021911 Filed on May 09, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$16.80M	$18.69M	$26.50M
YoY Change	-67.66%	-29.47%	10.32%
Cost Of Revenue	$30.18M	$31.59M	$26.01M
YoY Change	-0.36%	21.45%	66.03%
Gross Profit	$14.11M	$15.92M	$23.49M
YoY Change	-34.87%	-32.21%	15.32%
Gross Profit Margin	83.97%	85.19%	88.64%
Selling, General & Admin	$5.218M	$4.768M	$3.188M
YoY Change	38.3%	49.56%	-53.5%
% of Gross Profit	36.99%	29.94%	13.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$770.0K	$786.0K	$0.00
YoY Change
% of Gross Profit	5.46%	4.94%	0.0%
Operating Expenses	$20.23M	$28.25M	$29.82M
YoY Change	-15.36%	-5.28%	376.21%
Operating Profit	-$6.125M	-$12.32M	-$6.329M
YoY Change	172.95%	94.68%	-144.86%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$6.125M	-$12.32M	-$6.329M
YoY Change	172.95%	94.68%	-138.81%
Income Tax	$0.00	$2.000K	$110.0K
% Of Pretax Income
Net Earnings	-$6.125M	-$12.32M	-$6.439M
YoY Change	178.66%	91.38%	-139.74%
Net Earnings / Revenue	-36.46%	-65.93%	-24.3%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.11	-$0.23	-$0.12
COMMON SHARES
Basic Shares Outstanding	54.51M shares	54.42M shares	54.61M shares
Diluted Shares Outstanding	54.43M shares	54.40M shares	54.59M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$70.65M	$99.52M	$153.8M
YoY Change	-50.46%	-35.28%	1017.55%
Cash & Equivalents	$70.65M	$99.52M	$153.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$70.65M	$99.52M	$153.8M
YoY Change	-50.46%	-35.28%	1017.55%
LONG-TERM ASSETS
Property, Plant & Equipment	$81.73M	$82.50M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$28.11M	$28.15M	$28.01M
YoY Change	0.51%	0.5%
Other Assets	$14.51M
YoY Change
Total Long-Term Assets	$1.999B	$2.011B	$2.291B
YoY Change	-11.44%	-12.2%	-8.45%
TOTAL ASSETS
Total Short-Term Assets	$70.65M	$99.52M	$153.8M
Total Long-Term Assets	$1.999B	$2.011B	$2.291B
Total Assets	$2.070B	$2.111B	$2.444B
YoY Change	-13.76%	-13.65%	-2.84%
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	$18.34M	$18.08M	$23.25M
YoY Change	-23.55%	-22.21%	13.04%
LONG-TERM LIABILITIES
Long-Term Debt	$1.457B	$1.480B	$1.688B
YoY Change	-12.79%	-12.34%	-6.03%
Other Long-Term Liabilities	$12.64M	$11.96M	$15.02M
YoY Change	-13.62%	-20.37%	53.4%
Total Long-Term Liabilities	$1.469B	$1.492B	$1.703B
YoY Change	-12.8%	-12.41%	-5.71%
TOTAL LIABILITIES
Total Short-Term Liabilities	$18.34M	$18.08M	$23.25M
Total Long-Term Liabilities	$1.469B	$1.492B	$1.703B
Total Liabilities	$1.487B	$1.510B	$1.726B
YoY Change	-12.95%	-12.54%	-5.5%
SHAREHOLDERS EQUITY
Retained Earnings	-$233.1M	-$213.1M	-$99.11M
YoY Change	93.45%	115.06%	239.77%
Common Stock	$815.2M	$814.0M	$814.3M
YoY Change	0.55%	-0.04%	15.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$582.3M	$601.1M	$718.3M
YoY Change
Total Liabilities & Shareholders Equity	$2.070B	$2.111B	$2.444B
YoY Change	-13.76%	-13.65%	-2.84%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$6.125M	-$12.32M	-$6.439M
YoY Change	178.66%	91.38%	-139.74%
Depreciation, Depletion And Amortization	$770.0K	$786.0K	$0.00
YoY Change
Cash From Operating Activities	$8.667M	$11.38M	$11.26M
YoY Change	-27.17%	1.08%	-30.58%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$295.0K	$134.0M	$70.06M
YoY Change	-101.53%	91.29%	-21.88%
Cash From Investing Activities	-$295.0K	$134.0M	$70.06M
YoY Change	-101.53%	91.29%	-21.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-37.24M	-$156.3M	-$68.83M
YoY Change	-11.97%	127.14%	-51.78%
NET CHANGE
Cash From Operating Activities	8.667M	$11.38M	$11.26M
Cash From Investing Activities	-295.0K	$134.0M	$70.06M
Cash From Financing Activities	-37.24M	-$156.3M	-$68.83M
Net Change In Cash	-28.87M	-$10.94M	$12.49M
YoY Change	158.66%	-187.63%	-133.88%
FREE CASH FLOW
Cash From Operating Activities	$8.667M	$11.38M	$11.26M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	15214000	usd
CY2024Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	28819000	usd
CY2023Q1	acre	Operating Revenuefrom Real Estate Owned OperatingRevenuefromRealEstateOwned	0	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-2198000	usd
CY2024Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	44033000	usd
CY2023Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	22999000	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	26501000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-6439000	usd
CY2024Q1	acre	Mortgage Loanson Real Estate Commitment Reserveor Allowancefor Credit Loss Basis Points MortgageLoansonRealEstateCommitmentReserveorAllowanceforCreditLossBasisPoints	0.0658
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	us-gaap	Other Assets OtherAssets	25795000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	52354000	usd
CY2024Q1	us-gaap	Assets Assets	2110697000	usd
CY2023Q4	us-gaap	Assets Assets	2279777000	usd
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	630299000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	639817000	usd
CY2024Q1	us-gaap	Notes Payable NotesPayable	104714000	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	104662000	usd
CY2024Q1	us-gaap	Other Long Term Debt OtherLongTermDebt	149443000	usd
CY2023Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	149393000	usd
CY2024Q1	acre	Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt VariableInterestEntityCollateralizedLoanObligationSecuritiesLongTermDebt	595105000	usd
CY2023Q4	acre	Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt VariableInterestEntityCollateralizedLoanObligationSecuritiesLongTermDebt	723117000	usd
CY2024Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	4281000	usd
CY2023Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	4135000	usd
CY2024Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	13802000	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	18220000	usd
CY2024Q1	us-gaap	Other Liabilities OtherLiabilities	11964000	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	14584000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	1509608000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	1653928000	usd
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	54422613	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	54422613	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	532000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	532000	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	813468000	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	812184000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	234000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	153000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-213145000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-187020000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	601089000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	625849000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2110697000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2279777000	usd
CY2023Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	49500000	usd
CY2024Q1	acre	Operating Revenuefrom Real Estate Owned OperatingRevenuefromRealEstateOwned	3478000	usd
CY2024Q1	us-gaap	Revenues Revenues	18692000	usd
CY2023Q1	us-gaap	Revenues Revenues	26501000	usd
CY2024Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	2768000	usd
CY2023Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	3010000	usd
CY2024Q1	us-gaap	Professional Fees ProfessionalFees	533000	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	771000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2081000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1685000	usd
CY2024Q1	acre	General And Administrative Expenses Reimbursed To Affiliate GeneralAndAdministrativeExpensesReimbursedToAffiliate	1132000	usd
CY2023Q1	acre	General And Administrative Expenses Reimbursed To Affiliate GeneralAndAdministrativeExpensesReimbursedToAffiliate	732000	usd
CY2024Q1	acre	Operating Expenses From Real Estate Owned OperatingExpensesFromRealEstateOwned	2037000	usd
CY2023Q1	acre	Operating Expenses From Real Estate Owned OperatingExpensesFromRealEstateOwned	0	usd
CY2024Q1	us-gaap	Noninterest Expense NoninterestExpense	8551000	usd
CY2023Q1	us-gaap	Noninterest Expense NoninterestExpense	6198000	usd
CY2024Q1	us-gaap	Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease	-22269000	usd
CY2023Q1	us-gaap	Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease	21019000	usd
CY2024Q1	us-gaap	Debt And Equity Securities Realized Gain Loss DebtAndEquitySecuritiesRealizedGainLoss	-45726000	usd
CY2023Q1	us-gaap	Debt And Equity Securities Realized Gain Loss DebtAndEquitySecuritiesRealizedGainLoss	-5613000	usd
CY2024Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	995000	usd
CY2023Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	0	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-12321000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-6329000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	110000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-12323000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-6439000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.23
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.12
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.23
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.12
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54396397	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54591650	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54396397	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54591650	shares
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.25
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-12323000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-6439000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	-4477000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	81000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	65000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-12242000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-10851000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	747540000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	960000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4412000	usd
CY2023Q1	us-gaap	Dividends Cash DividendsCash	19346000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	718303000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	4000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1004000	usd
CY2023Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	4600000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-2142000	usd
CY2023Q2	us-gaap	Dividends Cash DividendsCash	19180000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	691191000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	986000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-321000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	9184000	usd
CY2023Q3	us-gaap	Dividends Cash DividendsCash	18082000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	682958000	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	4000	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1041000	usd
CY2023Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-513000	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	-39414000	usd
CY2023Q4	us-gaap	Dividends Cash DividendsCash	18219000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	625849000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1284000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	81000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-12323000	usd
CY2024Q1	us-gaap	Dividends Cash DividendsCash	13802000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	601089000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-12323000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-6439000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1118000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	979000	usd
CY2024Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	1254000	usd
CY2023Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	1779000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1284000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	960000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	786000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	0	usd
CY2024Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	-22269000	usd
CY2023Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	21019000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	-45726000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	-5613000	usd
CY2024Q1	acre	Unrealized Gain Loss On Loans Held For Sale UnrealizedGainLossOnLoansHeldForSale	995000	usd
CY2023Q1	acre	Unrealized Gain Loss On Loans Held For Sale UnrealizedGainLossOnLoansHeldForSale	0	usd
CY2024Q1	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	0	usd
CY2023Q1	us-gaap	Amortization Of Deferred Hedge Gains AmortizationOfDeferredHedgeGains	-456000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	493000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	8617000	usd
CY2024Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	146000	usd
CY2023Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-1681000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-348000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1657000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11378000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11256000	usd
CY2024Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	12003000	usd
CY2023Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	18378000	usd
CY2024Q1	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	106806000	usd
CY2023Q1	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	78198000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	38981000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	9825000	usd
CY2024Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	232000	usd
CY2023Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	413000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	134016000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	70058000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	12781000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	12662000	usd
CY2024Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	22299000	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	19740000	usd
CY2024Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	370000	usd
CY2023Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	297000	usd
CY2024Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	128226000	usd
CY2023Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	42106000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	18221000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	19347000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-156335000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-68828000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-10941000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	12486000	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
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	99518000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	153764000	usd
CY2024Q1	acre	Dividend Declared Not Yet Paid DividendDeclaredNotYetPaid	13802000	usd
CY2023Q1	acre	Dividend Declared Not Yet Paid DividendDeclaredNotYetPaid	19346000	usd
CY2024Q1	us-gaap	Notes Issued1 NotesIssued1	6539000	usd
CY2023Q1	us-gaap	Notes Issued1 NotesIssued1	128334000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2024Q1	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 March 31, 2024, however, uncertainty over the global economy and the Company’s business, makes any estimates and assumptions as of March 31, 2024 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>
CY2024Q1	acre	Debt Securities Available For Sale Threshold Period For Non Accrual Status When Principal And Interest Payments Are Past Due DebtSecuritiesAvailableForSaleThresholdPeriodForNonAccrualStatusWhenPrincipalAndInterestPaymentsArePastDue	P30D
CY2024Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	28819000	usd
CY2023Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	22999000	usd
CY2024Q1	srt	Mortgage Loans On Real Estate Number Of Loans MortgageLoansOnRealEstateNumberOfLoans	44	loan
CY2024Q1	acre	Mortgage Loans On Real Estate Number Of Loans Repaid Or Sold Since Inception MortgageLoansOnRealEstateNumberOfLoansRepaidOrSoldSinceInception	170	loan
CY2024Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount MortgageLoansOnRealEstateTotalCommitmentAmount	2200000000	usd
CY2024Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount Excluding Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountExcludingNoncontrollingInterest	2000000000	usd
CY2024Q1	acre	Payments To Acquire Loans Held For Investment Including Non Cash Upsize And Excluding Capitalized Funding PaymentsToAcquireLoansHeldForInvestmentIncludingNonCashUpsizeAndExcludingCapitalizedFunding	13000000	usd
CY2024Q1	srt	Mortgage Loans On Real Estate Collections Of Principal MortgageLoansOnRealEstateCollectionsOfPrincipal	78400000	usd
CY2024Q1	acre	Percentage Of Loans Held For Investment Having Libor Floors PercentageOfLoansHeldForInvestmentHavingLIBORFloors	0.700
CY2024Q1	acre	Loans Receivable Description Of Variable Rate Basis Weighted Average Floor LoansReceivableDescriptionOfVariableRateBasisWeightedAverageFloor	0.0117
CY2024Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2014500000	usd
CY2024Q1	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2044948000	usd
CY2024Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans	0.079
CY2024Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans	0.093
CY2024Q1	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P1Y
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
CY2023Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Including Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldIncludingNonaccrualLoans	0.075
CY2023Q1	acre	Mortgage Loanson Real Estate Unleveraged Effective Yield Excluding Nonaccrual Loans MortgageLoansonRealEstateUnleveragedEffectiveYieldExcludingNonaccrualLoans	0.094
CY2023Q1	acre	Mortgage Loans On Real Estate Remaining Life MortgageLoansOnRealEstateRemainingLife	P1Y1M6D
CY2024Q1	srt	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	2044900000	usd
CY2024Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	2014500000	usd
CY2024Q1	acre	Mortgage Loans On Real Estate Unleveraged Effective Yield MortgageLoansOnRealEstateUnleveragedEffectiveYield	0.079
CY2023Q4	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest	2126524000	usd
CY2024Q1	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	0	usd
CY2024Q1	acre	Mortgage Loans On Real Estate Receipt Of Origination Fee MortgageLoansOnRealEstateReceiptOfOriginationFee	232000	usd
CY2024Q1	us-gaap	Mortgage Loans On Real Estate Other Additions MortgageLoansOnRealEstateOtherAdditions	13035000	usd
CY2024Q1	acre	Mortgage Loans On Real Estate Amortizing Payments MortgageLoansOnRealEstateAmortizingPayments	3389000	usd
CY2024Q1	acre	Mortgage Loans On Real Estate Loan Paid Off MortgageLoansOnRealEstateLoanPaidOff	122685000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1247000	usd
CY2024Q1	acre	Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest MortgageLoansOnRealEstateTotalCommitmentAmountIncludingNoncontrollingInterest	2014500000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Loss Excluding Accrued Interest FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	140900000	usd
CY2024Q1	acre	Commitments Commitments	2100000000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	786000	usd
CY2024Q1	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	11084000	usd
CY2024Q1	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	579000	usd
CY2024Q1	us-gaap	Below Market Lease Net BelowMarketLeaseNet	10505000	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
CY2024Q1	us-gaap	Below Market Lease Amortization Income Remainder Of Fiscal Year BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear	771000	usd
CY2024Q1	us-gaap	Below Market Lease Amortization Income Next Twelve Months BelowMarketLeaseAmortizationIncomeNextTwelveMonths	1027000	usd
CY2024Q1	us-gaap	Below Market Lease Amortization Income Year Two BelowMarketLeaseAmortizationIncomeYearTwo	618000	usd
CY2024Q1	us-gaap	Below Market Lease Amortization Income Year Three BelowMarketLeaseAmortizationIncomeYearThree	571000	usd
CY2024Q1	us-gaap	Below Market Lease Amortization Income Year Four BelowMarketLeaseAmortizationIncomeYearFour	542000	usd
CY2024Q1	acre	Below Market Lease Amortization Income After Year Four BelowMarketLeaseAmortizationIncomeAfterYearFour	6976000	usd
CY2024Q1	us-gaap	Below Market Lease Net BelowMarketLeaseNet	10505000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	7521000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	10106000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	10224000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	9989000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	9976000	usd
CY2024Q1	acre	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	34332000	usd
CY2024Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	82148000	usd
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	885299000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1535000000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	894817000	usd
CY2023Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1535000000	usd
CY2024Q1	acre	Commitments Commitments	2141364000	usd
CY2023Q4	acre	Commitments Commitments	2274584000	usd
CY2024Q1	acre	Funded Commitments FundedCommitments	2044948000	usd
CY2023Q4	acre	Funded Commitments FundedCommitments	2158045000	usd
CY2024Q1	acre	Unfunded Commitments UnfundedCommitments	96416000	usd
CY2023Q4	acre	Unfunded Commitments UnfundedCommitments	116539000	usd
CY2023Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	50000000	usd
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1097581000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	0	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	289873000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	3750000	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	803958000	shares
CY2024Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestinthe Remainderofthe Year ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestintheRemainderoftheYear	22744	shares
CY2024Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest In Year Two ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestInYearTwo	360302	shares
CY2024Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Three ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearThree	278278	shares
CY2024Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Four ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFour	142634	shares
CY2024Q1	acre	Share Based Compensation Arrangementby Share Based Payment Award Equity Instruments Otherthan Options Expectedto Vestin Year Five ShareBasedCompensationArrangementbyShareBasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestinYearFive	0	shares
CY2024Q1	acre	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Grants To Date ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingGrantsToDate	803958	shares
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-12323000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-12323000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6439000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-6439000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54396397	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54591650	shares
CY2024Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	0	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	0	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54396397	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54591650	shares
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.23
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.12
CY2024Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.23
CY2023Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.12
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	813763	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	682620	shares
CY2024Q1	acre	Number Of Loans Transferred NumberOfLoansTransferred	0	loan
CY2023	acre	Number Of Loans Transferred NumberOfLoansTransferred	1	loan
CY2023	acre	Number Of Loans Fair Value Of Loan Held For Sale Expected To Be Received From Third Party NumberOfLoansFairValueOfLoanHeldForSaleExpectedToBeReceivedFromThirdParty	1	loan
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
CY2024Q1	acre	Number Of Debt Securities Available For Sale NumberOfDebtSecuritiesAvailableForSale	3	investment
CY2023Q4	acre	Number Of Debt Securities Available For Sale NumberOfDebtSecuritiesAvailableForSale	3	investment
CY2024Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	28000000	usd
CY2024Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	27913000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Purchased With Credit Deterioration Discount Premium DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationDiscountPremium	87000	usd
CY2024Q1	us-gaap	Debt Securities Available For Sale Unrealized Gain Loss DebtSecuritiesAvailableForSaleUnrealizedGainLoss	235000	usd
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
CY2024Q1	acre	Related Party Transactions Management Fee Renewal Term RelatedPartyTransactionsManagementFeeRenewalTerm	P1Y
CY2024Q1	acre	Related Party Transactions Termination Fee Based On Average Annual Management And Incentive Fees Ratio RelatedPartyTransactionsTerminationFeeBasedOnAverageAnnualManagementAndIncentiveFeesRatio	3
CY2024Q1	acre	Related Party Transactions Management Fee Look Back Period RelatedPartyTransactionsManagementFeeLookBackPeriod	P24M
CY2024Q1	acre	Number Of Affiliates Of Company Manager Whom May Originate Commercial Real Estate Loans NumberOfAffiliatesOfCompanyManagerWhomMayOriginateCommercialRealEstateLoans	1	loan
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.25
CY2024Q1	us-gaap	Dividends Dividends	13802000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.25
CY2024Q1	us-gaap	Dividends Dividends	13802000	usd
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2022Q1	us-gaap	Dividends Dividends	19345000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2023Q1	us-gaap	Dividends Dividends	19345000	usd
CY2024Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.33
CY2024Q1	acre	Common Stock Dividends Per Share Supplemental Cash Dividend CommonStockDividendsPerShareSupplementalCashDividend	0.02
CY2024Q1	acre	Receivables Related To Repayments Of Outstanding Principal On Previous Mortgage Assets ReceivablesRelatedToRepaymentsOfOutstandingPrincipalOnPreviousMortgageAssets	6500000	usd
CY2023Q4	acre	Receivables Related To Repayments Of Outstanding Principal On Previous Mortgage Assets ReceivablesRelatedToRepaymentsOfOutstandingPrincipalOnPreviousMortgageAssets	31000000	usd
CY2024Q1	us-gaap	Concentration Risk Credit Risk Financial Instrument Maximum Exposure ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure	184800000	usd
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
acre-20240331_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
0001628280-24-021911-index-headers.html	Edgar Link	pending
0001628280-24-021911-index.html	Edgar Link	pending
0001628280-24-021911.txt	Edgar Link	pending
0001628280-24-021911-xbrl.zip	Edgar Link	pending
acre-20240331.htm	Edgar Link	pending
acre-20240331.xsd	Edgar Link	pending
acre-20240331_g1.jpg	Edgar Link	pending
acreq1-24exhibit102.htm	Edgar Link	pending
acreq1-24exhibit103.htm	Edgar Link	pending
acreq1-24exhibit104.htm	Edgar Link	pending
acreq1-24exhibit105.htm	Edgar Link	pending
acreq1-24exhibit106.htm	Edgar Link	pending
acreq1-24exhibit107.htm	Edgar Link	pending
acreq1-24exhibit311.htm	Edgar Link	pending
acreq1-24exhibit312.htm	Edgar Link	pending
acreq1-24exhibit321.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
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R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R25.htm	Edgar Link	pending
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$ACRE
Ares Commercial Real Estate Corp Stock $acre

2024 Q2 Form 10-Q Financial Statement

#000162828024021911 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE Ares Commercial Real Estate Corp Stock $acre

2024 Q2 Form 10-Q Financial Statement

#000162828024021911 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ACRE
Ares Commercial Real Estate Corp Stock $acre