Ares Commercial Real Estate

OverviewSuggest Edit

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
Founded1997
HQNew York, US
Websitearescre.com
Employee Ratings3.2

Locations

Ares Commercial Real Estate is headquartered in
New York, United States

Location Map

Latest Updates

Revenue (FY, 2016)$45.1 M(-47%)
Share Price (Oct 2019)$15.3

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
Show more

Ares Commercial Real Estate Office Locations

Ares Commercial Real Estate has offices in New York, Atlanta, Chicago and Los Angeles
New York, US (HQ)
245 Park Avenue
Atlanta, US
3344 Peachtree Rd NE #1950
Chicago, US
1 N Upper Wacker Dr
Los Angeles, US
2000 Avenue of the Stars 12th Floor
Show all (4)

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

Revenue (Q2, 2019)

21.7m

Market capitalization (16-Oct-2019)

441.1m

Closing stock price (16-Oct-2019)

15.3

Cash (30-Jun-2019)

5.2m

EV

545.8m
Ares Commercial Real Estate's current market capitalization is $441.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

38.6m65.1m85.4m45.1m

Revenue growth, %

69%31%(47%)

Sales and marketing expense

5.5m20.4m

General and administrative expense

4.0m6.8m2.8m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2019Q2, 2019

Revenue

13.1m15.4m19.2m15.0m18.4m22.1m23.9m15.0m14.2m21.7m

Sales and marketing expense

2.3m4.0m4.5m4.7m4.6m5.4m5.9m4.3m

General and administrative expense

994.0k2.2m2.6m2.4m1.8m1.6m1.7m1.8m690.0k642.0k724.0k1.1m1.0m

Operating expense total

10.1m11.4m12.5m12.1m9.8m10.1m11.0m9.3m3.9m3.8m3.6m5.5m11.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

20.1m16.6m9.0m47.3m28.3m11.1m

Accounts Receivable

364.1m

Inventories

Total Assets

1.2b1.9b1.4b1.4b1.8b1.6b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

12.6m30.4m20.2m11.4m9.0m8.1m10.4m6.2m5.3m41.8m44.4m5.7m28.2m5.2m5.0m5.0m12.8m5.2m

Total Assets

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

Dividends Payable

7.1m7.1m7.2m7.2m7.1m7.2m7.2m7.4m7.4m7.4m7.7m7.7m7.7m8.0m8.0m8.3m9.5m9.5m

Short-term debt

55.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

13.8m24.6m43.3m44.9m30.4m38.6m

Depreciation and Amortization

38.0k160.0k219.0k167.0k

Inventories

Accounts Payable

1.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

11.2m4.8m11.4m15.5m9.3m20.6m32.3m6.4m36.1m6.5m13.2m24.2m9.3m18.6m28.6m18.3m

Depreciation and Amortization

9.0k29.0k62.0k98.0k54.0k109.0k164.0k55.0k112.0k167.0k54.0k

Accounts Payable

4.1m

Cash From Operating Activities

5.3m7.7m(42.3m)(13.1m)125.6m223.0m204.6m17.8m33.4m185.0k6.2m13.0m23.9m9.7m18.1m28.3m6.8m16.3m
USDY, 2019

EV/CFO

33.4 x

Financial Leverage

3.9 x
Show all financial metrics

Ares Commercial Real Estate Online and Social Media Presence

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Ares Commercial Real Estate Frequently Asked Questions

  • When was Ares Commercial Real Estate founded?

    Ares Commercial Real Estate was founded in 1997.

  • Who are Ares Commercial Real Estate key executives?

    Ares Commercial Real Estate's key executives are Rand April, Michael Arougheti and Bill Benjamin.

  • Who are Ares Commercial Real Estate competitors?

    Competitors of Ares Commercial Real Estate include Gramercy Property Trust, Exantas Capital and Ready Capital.

  • Where is Ares Commercial Real Estate headquarters?

    Ares Commercial Real Estate headquarters is located at 245 Park Avenue, New York.

  • Where are Ares Commercial Real Estate offices?

    Ares Commercial Real Estate has offices in New York, Atlanta, Chicago and Los Angeles.

  • How many offices does Ares Commercial Real Estate have?

    Ares Commercial Real Estate has 4 offices.