Ares Commercial Real Estate Corporation is a specialty finance company which originates and invests in commercial real estate loans and related investments. It provides a range of financing solutions for commercial real estate owners and operators. The Company originates senior mortgage loans, as well as subordinate financings, mezzanine debt, and preferred equity. Ares Commercial Real Estate Corporation has elected and qualified to be taxed as a real estate investment trust.

TypePublic
HQNew York, US
Founded1997
Size (employees)930 (est)
Websitearescre.com
Ares Commercial Real Estate was founded in 1997 and is headquartered in New York, US
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Key People/Management at Ares Commercial Real Estate

Rand April

Rand April

Director
Michael Arougheti

Michael Arougheti

Director; Co-Founder, Chief Executive Officer and President of Ares
Bill Benjamin

Bill Benjamin

Director, Chairman of the Board; Partner and Head of Ares Real Estate Group
Larney Bisbano

Larney Bisbano

Principal
Caroline Blakely

Caroline Blakely

Director
Joshua Bloomstein

Joshua Bloomstein

Vice President and Assistant Secretary
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Ares Commercial Real Estate Office Locations

Ares Commercial Real Estate has offices in Atlanta, Los Angeles, Chicago and New York
New York, US (HQ)
245 Park Avenue
Atlanta, US
3344 Peachtree Road NE, Suite 1950
Chicago, US
One North Wacker Drive 48th Floor
Los Angeles, US
2000 Avenue of the Stars 12th Floor
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Ares Commercial Real Estate Financials and Metrics

Ares Commercial Real Estate Revenue

Ares Commercial Real Estate's revenue was reported to be $45.11 m in FY, 2016 which is a 47.2% decrease from the previous period.
USD

Market capitalization (19-Sep-2018)

400.6 m

Closing stock price (19-Sep-2018)

14

Cash (30-Jun-2018)

5 m
Ares Commercial Real Estate's current market capitalization is $400.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

38.6 m65.1 m85.4 m45.1 m

Revenue growth, %

69%31%(47%)

General and administrative expense

2.8 m

Operating expense total

2.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q3, 2017

Revenue

13.1 m15.4 m19.2 m15 m18.4 m22.1 m23.9 m15 m

Sales and marketing expense

2.3 m4 m4.5 m4.7 m4.6 m5.4 m5.9 m4.3 m

General and administrative expense

994 k2.2 m2.6 m2.4 m1.8 m1.6 m1.7 m1.8 m690 k642 k

Operating expense total

10.1 m11.4 m12.5 m12.1 m9.8 m10.1 m11 m9.3 m3.9 m3.8 m3.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

20.1 m16.6 m9 m47.3 m28.3 m

Accounts Receivable

364.1 m

Inventories

Total Assets

1.2 b1.9 b1.4 b1.4 b1.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

12.6 m30.4 m20.2 m11.4 m9 m8.1 m10.4 m6.2 m5.3 m41.8 m44.4 m5.7 m28.2 m5.2 m5 m

Total Assets

839.8 m1.3 b1.4 b1.4 b1.6 b1.5 b1.5 b1.4 b1.3 b1.6 b1.4 b1.7 b1.6 b1.7 b1.8 b

Dividends Payable

7.1 m7.1 m7.2 m7.2 m7.1 m7.2 m7.2 m7.4 m7.4 m7.4 m7.7 m7.7 m8 m8 m

Total Liabilities

429.2 m853.8 m1 b1 b1.1 b1.1 b1 b968.1 m877.8 m1.1 b1 b1.2 b1.2 b1.3 b1.4 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(163 k)24.6 m43.3 m44.9 m30.4 m

Depreciation and Amortization

160 k219 k167 k

Inventories

Accounts Payable

123 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

11.2 m4.8 m11.4 m15.5 m9.3 m20.6 m32.3 m6.4 m36.1 m6.5 m13.2 m24.2 m9.3 m18.6 m

Depreciation and Amortization

9 k29 k62 k98 k54 k109 k164 k55 k112 k167 k

Accounts Payable

4.1 m

Cash From Operating Activities

5.3 m7.7 m(42.3 m)(13.1 m)125.6 m223 m204.6 m17.8 m33.4 m185 k6.2 m13 m23.9 m9.7 m18.1 m
USDY, 2018

Financial Leverage

4.3 x
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Ares Commercial Real Estate Company Life and Culture

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