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Ares Commercial Real Estate Corporation ACRE
Real Estate - REIT - Mortgage - NYSE - US
Watchlist
$ 6.9
-1.29 %
$ 376 M
Market Cap
-5.85
P/E
INCOME STATEMENT
1.1 M REVENUE
-98.99%
Growth Rates
1Year -98.99%
3Years -75.90%
5Years -54.31%
7Years -41.16%
10Years -28.99%
-91.8 M OPERATING INCOME
-95.40%
Growth Rates
1Year -95.40%
3Years -72.55%
5Years -13.70%
7Years -21.97%
10Years -16.23%
-38.9 M NET INCOME
-130.49%
Growth Rates
1Year -130.49%
3Years -40.60%
5Years -14.95%
7Years -11.34%
10Years -14.35%
EFFICIENCY
Earnings Waterfall Ares Commercial Real Estate Corporation
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Revenue 1.1 M
Cost Of Revenue 94.3 M
Gross Profit -93.2 M
Operating Expenses 10.3 M
Operating Income -91.8 M
Other Expenses -53 M
Net Income -38.9 M

Income Statement

Millions
Dec-2023 Dec-2022 Dec-2021 Dec-2020 Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015 Dec-2014 Dec-2013 Dec-2012
REVENUE
Revenue 1.1 109.0 102.1 78.7 77.3 55.3 46.3 45.1 84.3 63.8 33.8 6.6
GROSS PROFIT
Cost Of Revenue 94.3 52.6 18.6 38.3 23.0 7.4 6.6 6.1 20.4 18.6 5.5 0
Gross Profit (93.2) 56.5 83.5 40.4 54.3 47.9 39.8 39.0 63.9 45.1 28.3 6.6
OPERATING INCOME
Operating Expenses 10.3 32.7 (40.9) (56.5) (39.8) 6.9 6.7 6.2 31.1 31.9 13.0 2.9
Selling, General and Administrative Expenses 10.7 10.2 7.8 7.4 7.2 6.9 6.7 6.2 31.1 31.9 13.0 2.9
Research and Development Expenses 0 0.175 0.402 0.17 0.268 0.33 0.314 0.374 0 0 0 0
Operating Income (91.8) 96.3 61.2 22.2 37.5 102.0 30.4 30.5 55.1 33.5 26.3 3.5
PRE-TAX INCOME
Interest Income Expense 117.2 66.0 50.1 51.9 62.6 63.0 51.2 36.9 36.3 33.6 15.3 2.7
Total Other Income 52.9 (64.5) (18.5) (22.1) (23.0) 0.4 0.2 0 0 (9.9) (12.3) 0
Pre-Tax Income (38.9) 30.3 61.2 22.2 37.5 39.0 30.6 30.7 45.2 23.6 13.9 0.9
NET INCOME
Tax Provision 39 K 0.5 0.7 0.4 0.5 0.4 0.2 0.2 1.9 (1.0) 0.2 4.4
Net Income (38.9) 29.8 60.5 21.8 37.0 38.6 30.4 40.3 34.3 24.4 13.8 0.9
EPS 0.72 0.58 1.43 0.66 1.29 1.35 1.07 1.42 1.2 0.86 0.72 0.03