Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. The company provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. It originates senior mortgage loans, subordinate debt products, mezzanine loans, real estate preferred equity investments, and other CRE investments, including commercial mortgage backed securities. The company has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. Ares Commercial Real Estate Management LLC operates as the manager of the company. The company was incorporated in 2011 and is based in New York, New York.
Earnings for Ares Commercial Real Estate Corporation (ACRE)
Earnings in 2023 (TTM): $-38,906,000
According to Ares Commercial Real Estate Corporation's latest financial reports the company's current earnings (TTM) are $-38,906,000. The earnings displayed on this page is the company's Pretax Income.
Earnings history of Ares Commercial Real Estate Corporation
Annual Earnings
| Year | Income Before Tax | Net Income |
|---|---|---|
| 2023 | $-38,906,000 | $-38,867,000 |
| 2022 | $30.26 M | $29.79 M |
| 2021 | $61.18 M | $60.46 M |
| 2020 | $22.19 M | $21.84 M |
| 2019 | $37.51 M | $36.99 M |
| 2018 | $39.04 M | $38.6 M |
| 2017 | $30.61 M | $30.41 M |
| 2016 | $30.68 M | $40.34 M |
| 2015 | $45.25 M | $34.29 M |
| 2014 | $23.57 M | $24.4 M |
| 2013 | $13.94 M | $13.77 M |
| 2012 | $860 K | $860 K |