Ares Commercial Real Estate Corporation (ACRE) Financial Statements (2023 and Earlier)

Company Profile

Business Address 245 PARK AVENUE
NEW YORK, NY 10167
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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments517551128479
Cash and cash equivalents517551128479
Receivables(24)(24)     
Total current assets:275151128479
Noncurrent Assets
Intangible assets, net (including goodwill)      6
Intangible assets, net (excluding goodwill)      6
Total noncurrent assets:      6
Other undisclosed assets2,6051,8781,7791,5921,7421,3261,364
TOTAL ASSETS:2,6321,9291,7841,6031,7701,3741,379
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      25
Total current liabilities:      25
Noncurrent Liabilities
Other undisclosed liabilities1,9531,4561,3581,1781,351944898
Total liabilities:1,9531,4561,3581,1781,351944922
Stockholders' equity
Stockholders' equity attributable to parent679473426426419419409
Common stock0000000
Additional paid in capital704498424422421420421
Accumulated other comprehensive income3      
Retained earnings (accumulated deficit)(29)(25)24(2)(1)(12)
Stockholders' equity attributable to noncontrolling interest     1147
Total stockholders' equity:679473426426419430456
TOTAL LIABILITIES AND EQUITY:2,6321,9291,7841,6031,7701,3741,379

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1028377118984585
Net investment income134121115118988286
Financial services revenue  16
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(0)(20)     
Gross profit:1026377118984585
Operating expenses(5)(4)(4)(3)(3)(3)(7)
Operating income:975973115954279
Interest and debt expense(50)(6)(7)(63)(52)(6)(10)
Other undisclosed loss from continuing operations before equity method investments, income taxes (30)(29)(13)(12)(5)(24)
Income from continuing operations before equity method investments, income taxes:47223839313145
Other undisclosed income from continuing operations before income taxes14      
Income from continuing operations before income taxes:61223839313145
Income tax expense(1)(0)(1)(0)(0)(0)(2)
Income from continuing operations:60223739303043
Income from discontinued operations     4 
Income before gain (loss) on sale of properties:60223739303543
Other undisclosed net income     10 
Net income:60223739304543
Net loss attributable to noncontrolling interest    (0)(5)(9)
Other undisclosed net income attributable to parent    059
Net income attributable to parent:60223739304543
Other undisclosed net loss available to common stockholders, basic    (0)(5)(9)
Net income available to common stockholders, diluted:60223739304034

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:60223739304543
Comprehensive income:60223739304543
Comprehensive loss, net of tax, attributable to noncontrolling interest    (0)(5)(9)
Other undisclosed comprehensive income, net of tax, attributable to parent3      
Comprehensive income, net of tax, attributable to parent:63223739304034

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.

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