Ares Commercial Real Estate Corp

Symbol: ACRE
CIK: 1529377
Exchange: NYSE
Founded: 2011 (8 years)
HQ: Atlanta, GA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage, Diversified

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See ACRE on SEC.gov

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Overall Score: 5.3

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Hightlights of Trading Day October 18, 2019


Open Price: $15.21
Closing Price: $15.3
Price Change: 0.05 (0.328%)
Lowest Price: $15.21
Highest Price: $15.32

52-Week Low: $12.75
52-Week High: $15.84
52-Week Change: 9.52%

5 Day Price Change: 0.07%
1 Month Price Change: -2.37%
3 Month Price Change: 1.67%
6 Month Price Change: -0.72%
YTD Price Change: 16.15%
1 Year Price Change: 9.16%
2 Year Price Change: 13.05%
5 Year Price Change: 29.13%

Dividend of Trading Day October 18, 2019


Dividend Yield: 8.627%*
Annualized Dividend: $1.32*
Dividend Yield (TTM): 8.235%
Annualized Dividend (TTM): $1.26
Ex Dividend Date: 2019-09-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Key Stats of Trading Day October 18, 2019


Total Cash: $11,468,000
Current Debt: $36,280,000
Revenue: $118,284,000
Gross Profit: $110,866,000
Total Revenue: $118,284,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $102,044,000
Revenue Per Share: $4
Revenue Per Employee: $110,032
Employee: 1,075
Debt to Equity Ratio (D/E): 2.72
Profit Margin: 0.33%
Enterprise Value (EV): $1,585,551,560
Enterprise Value to Revenue (EV/R): 13.40
Price to Sales (P/S): 3.72
Price to Book (P/B): 1.03
Peg Ratio: 3.75
P/E Ratio: 11.41
P/E High: 11.82
P/E Low: 9.51
Forward P/E Ratio: 11.72
Market Capitalization: $441,695,700
Beta: 0.42
Latest Volume: 165,427.00
Avg. Total Volume: 191,861
Avg. 10 Volume: 173,175.60
Avg. 30 Volume: 191,861.03
TTM EPS: 1.34
TTM Dividend Rate: 1.26
Shares Outstanding: 28,869,000
Float: 25,762,955.42
50-Day Moving Avg.: 15.33
200-Day Moving Avg.: 15.01

Latest REIT Community Comments on #ACRE


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Dividend History


Below are the most recent cash dividends paid by ACRE, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 5,594,000 13,193,000 11,468,000 5,413,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 1,627,549,000 1,566,725,000 1,591,013,000 1,670,456,000
Net Tangible Assets 425,757,000 425,102,000 425,587,000 424,158,000
Total Assets 1,671,447,000 1,618,440,000 1,603,324,000 1,731,512,000
Accounts Payable 0 0 0 0
Liabilities (Other) 21,756,000 21,050,000 20,681,000 15,458,000
Current Liabilities (Other) 9,527,000 9,520,000 8,914,000 8,323,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 57,380,000 36,280,000 36,280,000 639,307,000
Long-term Debt 1,166,554,000 1,136,008,000 1,120,776,000 652,589,000
Total Liabilities 1,245,690,000 1,193,338,000 1,177,737,000 1,307,354,000
Minority Interest 0 0 0 0
Common Stock 283,000 283,000 283,000 283,000
Retained Earnings 2,816,000 2,588,000 3,565,000 2,460,000
Treasury Stock 0 0 0 0
Capital Surplus 422,658,000 422,231,000 421,739,000 421,415,000
Shareholder Equity 425,757,000 425,102,000 425,587,000 424,158,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 38,350,000 29,897,000 30,882,000 30,362,000
Cost of Revenue 9,370,000 3,261,000 2,116,000 1,571,000
Gross Profit 28,980,000 26,636,000 28,766,000 28,791,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 11,702,000 5,518,000 4,464,000 3,791,000
Operating Income 26,648,000 24,379,000 26,418,000 26,571,000
Income Expense Net (Other) -16,675,000 -15,740,000 -16,357,000 -16,378,000
EBIT 26,648,000 24,379,000 26,418,000 26,571,000
Interest Income 16,675,000 15,740,000 16,357,000 16,378,000
Pretax Income 9,973,000 8,639,000 10,061,000 10,193,000
Income Tax 218,000 96,000 43,000 236,000
Minority Interest 0 0 0 0
Net Income 9,755,000 8,543,000 10,018,000 9,957,000
Net Income Basic 9,755,000 8,543,000 10,018,000 9,957,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 9,755,000 8,543,000 10,018,000 9,957,000
Depreciation 188,000 54,000 0 0
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -7,599,000 1,725,000 6,055,000 -11,000
Cash Flow 9,546,000 6,789,000 10,930,000 10,163,000
Capital Expenditures 0 0 0 0
Investments -252,000 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -58,291,000 -8,985,000 139,282,000 86,283,000
Dividends Paid -9,520,000 -8,914,000 -8,323,000 -8,036,000
Net Borrowings 50,666,000 12,835,000 -135,834,000 -88,421,000
Cash Flow Financing 41,146,000 3,921,000 -144,157,000 -96,457,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Ares Commercial Real Estate Corp


Ares Commercial Real Estate Corporation ("ACRE") is a publicly traded specialty finance company and real estate investment trust (“REIT”) (NYSE: ACRE). ACRE provides one-stop solutions to meet the distinct and underserved financing needs of middle-market commercial real estate. ACRE is externally managed by a subsidiary of Ares Management, L.P. ("Ares"), a publicly traded, leading global alternative asset manager.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
4 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
1 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
5 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
5.3 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.