ACRE— Ares Commercial Real Estate Corp

Real Estate$256M mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Interest income	$97.6M-38.1%	$157.7M-20.6%	$198.6M+16.7%	$170.2M
Interest expense	-$65.2M+38.5%	-$106.0M+3.3%	-$109.7M-66.2%	-$66.0M
Net interest margin	$32.4M-37.3%	$51.7M-41.8%	$89.0M-14.6%	$104.2M
Revenue from real estate owned	$22.4M+25.0%	$17.9M+351.3%	$4.0M+48.6%	$2.7M
Total revenue	$54.8M-21.3%	$69.7M-25.0%	$92.9M-13.0%	$106.8M
Management and incentive fees to affiliate	$9.8M-7.9%	$10.7M-12.9%	$12.3M-17.7%	$14.9M
Professional fees	$2.8M+4.6%	$2.6M-13.8%	$3.1M-8.8%	$3.4M
General and administrative expenses	$7.0M-10.0%	$7.8M+8.0%	$7.2M+13.3%	$6.4M
General and administrative expenses reimbursed to affiliate	$3.6M-5.4%	$3.8M+11.4%	$3.4M-9.1%	$3.8M
Expenses from real estate owned	$18.2M+40.1%	$13.0M+414.9%	$2.5M-41.6%	$4.3M
Total expenses	$41.4M+9.2%	$37.9M+33.0%	$28.5M-12.9%	$32.7M
(Provision for) reversal of current expected credit losses, net	$17.8M-1.7%	$18.2M+119.8%	-$91.8M-299.4%	$46.1M
Realized losses on loans	-$34.6M+58.6%	-$83.6M-696.2%	-$10.5M	$0
Change in unrealized losses on loans held for sale	$0-100.0%	$995K+200.0%	-$995K	$0
Realized gain (loss) on sale of real estate owned	$2.8M+220.6%	-$2.3M	$0+100.0%	-$2.2M
Income (loss) before income taxes	-$617K+98.2%	-$35.0M+10.0%	-$38.9M-228.6%	$30.3M
Income tax expense (benefit), including excise tax	$285K+1683.3%	-$18K+53.8%	-$39K-108.3%	$472K
Net income (loss) attributable to common stockholders	-$902K+97.4%	-$35.0M+10.0%	-$38.9M-230.5%	$29.8M
Basic earnings (loss) per common share (in dollars per share)	-$20.00+96.9%	-$640.00+11.1%	-$720.00-224.1%	$580.00
Diluted earnings (loss) per common share (in dollars per share)	-$20.00+96.9%	-$640.00+11.1%	-$720.00-226.3%	$570.00
Basic weighted average shares of common stock outstanding (in shares)	54.89B+0.8%	54.45B+0.3%	54.28B+5.0%	51.68B
Diluted weighted average shares of common stock outstanding (in shares)	54.89B+0.8%	54.45B+0.3%	54.28B+4.1%	52.13B

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.