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Ares Commercial Real Estate Cor (ACRE)
NYSE:ACRE

Ares Commercial (ACRE) Income Statement

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Ares Commercial Income Statement

Last quarter (Q4 2023), Ares Commercial's total revenue was $17.55M, an increase of Infinity% from the same quarter last year. In Q4, Ares Commercial's net income was $-39.41M. See Ares Commercial’s key income statements, including revenue, expenses, profit, and income.
Income Statement
TTM
Dec 23Dec 22Dec 21Dec 20Dec 19
Total Revenue
$ 92.93M$ 92.93M$ 106.85M$ 18.52M$ 78.69M$ 77.26M
Cost of Revenue
$ 12.26M$ 12.26M$ 14.90M$ 12.14M--
Gross Profit
$ 23.57M$ 80.66M$ -12.23M$ 6.38M--
Operating Expense
$ 5.81M$ 4.35M$ 17.83M$ 10.19M--
Operating Income
$ -19.70M$ -12.64M$ -30.06M$ -3.81M--
Net Non Operating Interest Income Expense
$ -109.65M$ -109.65M$ -65.99M$ -50.08M--
Other Income Expense
$ -13.57M$ 11.49M$ -74.54M$ -63.97M--
Pretax Income
$ -38.91M$ -38.91M$ 30.26M$ 61.19M$ 22.19M$ 37.51M
Tax Provision
$ -39.00K$ -39.00K$ 472.00K$ 722.00K$ 352.00K$ 515.00K
Earnings From Equity Interest Net Of Tax
$ -36.13M$ -74.83M$ 74.48M$ 63.97M--
Net Income Common Stockholders
$ -12.10M$ -38.87M$ 75.85M$ 60.47M$ 21.84M$ 36.99M
Basic EPS
$ -0.72$ -0.72$ 0.58$ 1.43$ 0.66$ 1.29
Diluted EPS
$ -0.73$ -0.72$ 0.57$ 1.42$ 0.66$ 1.28
Basic Average Shares
$ 217.13M$ 54.28M$ 51.68M$ 42.40M$ 32.98M$ 28.61M
Diluted Average Shares
$ 217.13M$ 54.28M$ 52.13M$ 42.68M$ 33.20M$ 28.85M
Dividend Per Share
$ 1.36$ 1.36$ 1.40$ 1.40$ 1.32$ 1.32
Total Operating Income As Reported
------
Reported Normalized Basic E P S
-----$ 1.42
Reported Normalized Diluted E P S
-----$ 1.41
Rent Expense Supplemental
------
Total Expenses
$ 18.07M$ 16.61M$ 32.73M$ 22.33M--
Net Income From Continuing And Discontinued Operation
$ -38.87M$ -38.87M$ 29.79M$ 60.47M$ 21.84M$ 36.99M
Normalized Income
$ -32.73M$ -38.95M--$ 8.46M$ 12.28M
Interest Expense
----$ 51.95M$ 62.58M
EBIT
$ 70.75M$ 70.75M$ 96.25M$ 111.27M--
EBITDA
$ 68.61M$ 68.61M$ 91.97M$ 113.56M--
Currency in USD

Ares Commercial Earnings and Revenue History

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