Ares Commercial Real Estate Corporation (ACRE) financial statements (2021 and earlier)

Company profile

Business Address 245 PARK AVENUE
NEW YORK, NY 10167
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments755112847917
Cash and cash equivalents755112847917
Receivables(24)      
Total current assets:515112847917
Noncurrent Assets
Intangible assets, net (including goodwill)     66
Intangible assets, net (excluding goodwill)     66
Total noncurrent assets:     66
Other undisclosed assets1,8781,7791,5921,7421,3261,3641,845
TOTAL ASSETS:1,9291,7841,6031,7701,3741,3791,868
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     25193
Total current liabilities:     25193
Noncurrent Liabilities
Other undisclosed liabilities1,4561,3581,1781,3519448981,194
Total liabilities:1,4561,3581,1781,3519449221,387
Stockholders' equity
Stockholders' equity attributable to parent473426426419419409403
Common stock0000000
Additional paid in capital498424422421420421420
Retained earnings (accumulated deficit)(25)24(2)(1)(12)(18)
Stockholders' equity attributable to noncontrolling interest    114778
Total stockholders' equity:473426426419430456481
TOTAL LIABILITIES AND EQUITY:1,9291,7841,6031,7701,3741,3791,868

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues837711898458565
Net investment income12111511898828670
Financial services revenue  1616
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(20)      
Gross profit:637711898458565
Operating expenses(4)(4)(3)(3)(3)(7)(10)
Operating income:597311595427955
Interest and debt expense(6)(7)(63)(52)(6)(10)(42)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(30)(29)(13)(12)(5)(24)10
Income from continuing operations before income taxes:22383931314524
Income tax expense (benefit)(0)(1)(0)(0)(0)(2)1
Income from continuing operations:22373930304325
Income from discontinued operations    4  
Income before gain (loss) on sale of properties:22373930354325
Other undisclosed net income    10  
Net income:22373930454325
Net loss attributable to noncontrolling interest   (0)(5)(9)(0)
Other undisclosed net income attributable to parent   0590
Net income attributable to parent:22373930454325
Other undisclosed net loss available to common stockholders, basic   (0)(5)(9)(0)
Net income available to common stockholders, diluted:22373930403424

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:22373930454325
Comprehensive income:22373930454325
Comprehensive loss, net of tax, attributable to noncontrolling interest   (0)(5)(9)(0)
Comprehensive income, net of tax, attributable to parent:22373930403424

Statements sources

The financial statements are based on the company's filings with the 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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