ARES REAL ESTATE INCOME TRUST INC. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ONE TABOR CENTER DENVER, CO 80202 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19,554 | 262,853 | 273,775 | 10,605 | 11,266 | 97,772 | |||
| Cash and cash equivalent | 19,554 | 15,052 | 13,336 | 10,605 | 11,266 | 97,772 | |||
| Short-term investments | 247,801 | 260,439 | |||||||
| Total current assets: | 19,554 | 262,853 | 273,775 | 10,605 | 11,266 | 97,772 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 13,637 | 13,637 | 13,637 | 13,637 | |||||
| Property, plant and equipment | 860,990 | 754,149 | 694,998 | 583,728 | 476,442 | ||||
| Long-term investments and receivables | 212,296 | 153,305 | 120,372 | 57,425 | |||||
| Long-term investments | 212,296 | 153,305 | 120,372 | 57,425 | |||||
| Intangible assets, net (including goodwill) | 365,132 | 330,291 | 317,141 | 284,128 | 289,762 | 16,745 | |||
| Intangible assets, net (excluding goodwill) | 365,132 | 330,291 | 317,141 | 284,128 | 289,762 | 16,745 | |||
| Total noncurrent assets: | 1,452,055 | 1,251,382 | 1,146,148 | 938,918 | 766,204 | 16,745 | |||
| Other undisclosed assets | 4,259,640 | 3,125,171 | 2,754,801 | 2,041,448 | 1,334,090 | 1,663,748 | |||
| TOTAL ASSETS: | 5,731,249 | 4,639,406 | 4,174,724 | 2,990,971 | 2,111,560 | 1,778,265 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 46,098 | 37,079 | 42,444 | 47,499 | 40,457 | 43,503 | |||
| Off-market lease, unfavorable | 46,098 | 37,079 | 42,444 | 47,499 | 40,457 | 43,503 | |||
| Total noncurrent liabilities: | 46,098 | 37,079 | 42,444 | 47,499 | 40,457 | 43,503 | |||
| Other undisclosed liabilities | 4,269,799 | 3,479,165 | 2,920,283 | 2,158,052 | 1,569,414 | 1,184,474 | |||
| Total liabilities: | 4,315,897 | 3,516,244 | 2,962,727 | 2,205,551 | 1,609,871 | 1,227,977 | |||
| Temporary equity, including noncontrolling interest | 9,381 | 11,746 | 18,130 | 8,994 | 3,798 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 745,824 | 795,297 | 785,836 | 579,730 | 401,649 | 468,631 | |||
| Common stock | 1,803 | ||||||||
| Additional paid in capital | 1,956,646 | 1,895,789 | 1,744,022 | 1,457,296 | 1,269,146 | 1,257,147 | |||
| Accumulated other comprehensive income (loss) | 3,719 | 6,359 | 13,148 | (13,418) | (27,431) | (14,662) | |||
| Other undisclosed equity, attributable to parent | (1,216,344) | (1,106,851) | (971,334) | (864,148) | (840,066) | (773,854) | |||
| Equity, attributable to noncontrolling interest | 660,147 | 316,119 | 408,031 | 196,696 | 96,242 | 81,657 | |||
| Total equity: | 1,405,971 | 1,111,416 | 1,193,867 | 776,426 | 497,891 | 550,288 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,731,249 | 4,639,406 | 4,174,724 | 2,990,971 | 2,111,560 | 1,778,265 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 417,493 | 353,170 | 299,223 | 218,350 | 186,592 | 184,668 | ||
| Operating lease, lease income | 370,851 | 321,995 | 289,234 | 209,176 | 184,245 | 184,441 | ||
| Cost of revenue | (177,018) | (118,794) | (103,953) | (69,773) | (62,378) | (61,060) | ||
| Cost of product and service sold | (177,018) | (118,794) | (103,953) | (69,773) | (62,378) | (17,413) | ||
| Gross profit: | 240,475 | 234,376 | 195,270 | 148,577 | 124,214 | 123,608 | ||
| Operating expenses | (172,619) | |||||||
| Other undisclosed operating loss | (9,174) | (2,347) | ||||||
| Operating income: | 67,856 | 234,376 | 195,270 | 139,403 | 121,867 | 123,608 | ||
| Nonoperating income (expense) | (111,900) | (35,026) | 9,329 | (44,375) | 113,522 | |||
| Other nonoperating income | 4,950 | 2,860 | 1,852 | 1,037 | 153 | |||
| Interest and debt expense | (188,318) | (700) | (140,406) | (70,494) | (58,747) | 1,002 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (120,462) | 121,776 | 19,838 | 78,238 | 18,745 | 238,132 | ||
| Income from equity method investments | 114 | |||||||
| Other undisclosed income from continuing operations before income taxes | 74,961 | |||||||
| Income (loss) from continuing operations before income taxes: | (45,501) | 121,776 | 19,838 | 78,352 | 18,745 | 238,132 | ||
| Income tax expense | (11,842) | |||||||
| Income (loss) from continuing operations: | (57,343) | 121,776 | 19,838 | 78,352 | 18,745 | 238,132 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 78,352 | 18,745 | 238,132 | |
| Other undisclosed net loss | (204,989) | (69,501) | (43,812) | (34,804) | (84,855) | |||
| Net income (loss): | (57,343) | (83,213) | (49,663) | 34,540 | (16,059) | 153,277 | ||
| Net income (loss) attributable to noncontrolling interest | 20,208 | 20,786 | 9,684 | (3,565) | 1,091 | (10,726) | ||
| Net income (loss) attributable to parent: | (37,135) | (62,427) | (39,979) | 30,975 | (14,968) | 142,551 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 74,270 | (221) | 54 | |||||
| Net income (loss) available to common stockholders, basic: | 37,135 | (62,427) | (39,979) | 30,754 | (14,914) | 142,551 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 20,208 | (20,786) | (9,684) | 3,786 | (1,145) | 10,726 | ||
| Net income (loss) available to common stockholders, diluted: | 57,343 | (83,213) | (49,663) | 34,540 | (16,059) | 153,277 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (57,343) | (83,213) | (49,663) | 34,540 | (16,059) | 153,277 | ||
| Net income attributable to redeemable noncontrolling interest | 273 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed comprehensive income (loss) | (1,896) | (11,457) | 31,424 | 15,897 | (13,842) | (16,415) | ||
| Comprehensive income (loss): | (59,239) | (94,670) | (18,239) | 50,437 | (29,901) | 136,862 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3,565) | 1,091 | (9,495) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 21,214 | 24,496 | 4,826 | (2,105) | 1,127 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (38,025) | (70,174) | (13,413) | 44,767 | (27,683) | 127,367 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.