Ares Commercial Real Estate Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $54.8M | $69.7M | $92.9M | $106.8M | $102.1M |
| Pretax income | -$617,000 | -$35.0M | -$38.9M | $30.3M | $61.2M |
| Income tax expense | $285,000 | -$18,000 | -$39,000 | $472,000 | $722,000 |
| Net income | -$902,000 | -$35.0M | -$38.9M | $29.8M | $60.5M |
| Balance Sheet | |||||
| Cash and equivalents | $29.3M | $63.8M | $110.5M | $141.3M | $50.6M |
| Total assets | $1.6B | $1.8B | $2.3B | $2.5B | $2.6B |
| Total liabilities | $1.1B | $1.2B | $1.7B | $1.8B | $2.0B |
| Total debt | $948.2M | $718.5M | $894.8M | $960.2M | $1.0B |
| Stockholders' equity | $509.6M | $540.1M | $625.8M | $747.5M | $678.6M |
| Cash Flow Statement | |||||
| Cash from operations | $21.4M | $35.5M | $46.8M | $57.2M | $48.4M |
| Depreciation and amortization | $8.5M | $4.8M | $1.0M | $0 | $825,000 |
| Stock-based compensation | $3.9M | $4.7M | $4.0M | $2.9M | $1.9M |
| Dividends paid | $39.0M | $59.6M | $76.0M | $71.8M | $58.4M |
| Share repurchases | $0 | $0 | $4.6M | $0 | $0 |
Shares outstanding 55.5M · Free float 90.7%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.