Ares Commercial Real Estate

Ares Commercial Real Estate Corporation (“ACRE”) is a specialty finance company organized as a real estate investment trust (“REIT”). Our common stock is publicly traded on the New York Stock Exchange under the ticker symbol “ACRE”. ACRE is managed by Ares Commercial Real Estate Management LLC (“ACREM”), a subsidiary of Ares Management, L.P. (“Ares”), a publicly traded, leading global alternative asset manager with offices located across the U.S., Europe and Asia/Australia. As of June 30, 2016, Ares had approximately $95 billion of assets under management ("AUM"). ACREM is able to leverage the power of the Ares investment platform to obtain incremental deal flow and market intelligence from Ares’ broader resources, relationships, and significant capital markets and research experience. ACRE provides one-stop solutions designed to meet the distinct and underserved financing needs of middle-market commercial real estate, which we generally define as assets with values of $15-250 million. Our flexibility, structuring experience and self-origination capabilities enable us to invest across the capital structure in an effort to meet the full spectrum of our clients’ financing needs. As a patient investor with permanent capital, we offer flexible solutions with a view toward increasing the certainty of execution for our clients. We actively monitor and manage our investments from origination to payment or maturity, which allows us the ability to accurately assess and manage the risk in our portfolio, build and maintain strong relationships with borrowers and their sponsors, control costs and ensure operational control over our investments. Our life of loan philosophy and active asset management capabilities are enhanced by ACREM's S&P-rated special servicer, Ares Commercial Real Estate Servicer LLC. ACREM is led by partners, managing directors as well as investment committee members that have approximately 30 years of relevant middle-market commercial real estate lending and finance experience.
Type
Public
HQ
New York, US
Size (employees)
100 (est)
Ares Commercial Real Estate is headquartered in New York, US

Ares Commercial Real Estate Office Locations

Ares Commercial Real Estate has an office in New York
New York, US (HQ)
245 Park Ave

Ares Commercial Real Estate Data and Metrics

Ares Commercial Real Estate Financial Metrics

Ares Commercial Real Estate's revenue was reported to be $45.1 m in FY, 2016 which is a 47% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

45.1 m

Revenue growth (FY, 2015 - FY, 2016), %

(47%)

Net income (FY, 2016)

44.9 m

Market capitalization (26-May-2017)

373.5 m

Closing share price (26-May-2017)

13.1

Cash (31-Dec-2016)

47.3 m
Ares Commercial Real Estate's current market capitalization is $373.5 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

38.6 m65.1 m85.4 m45.1 m

Revenue growth, %

69%31%(47%)

Operating expense total

14.4 m

Interest expense

36.9 m

Pre tax profit

30.7 m

Net Income

13.8 m24.6 m43.3 m44.9 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

20.1 m16.6 m9 m47.3 m

Accounts Receivable

Inventories

Total Assets

1.2 b1.9 b1.4 b1.4 b

Accounts Payable

Dividends Payable

7.1 m7.1 m7.2 m7.4 m

Additional Paid-in Capital

419.4 m420.3 m421.2 m420.1 m

Retained Earnings

(13.5 m)(17.7 m)(12 m)(1.3 m)

Total Equity

406.2 m480.9 m456.5 m429.7 m

Financial Leverage

2.9 x3.9 x3 x3.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

160 k219 k167 k

Accounts Receivable

Inventories

Accounts Payable

123 k

Cash From Operating Activities

418 k(222.9 m)275.5 m8.5 m

Purchases of PP&E

(823 k)

Cash From Investing Activities

(4.9 m)(433.1 m)258.3 m(43.3 m)

Long-term Borrowings

(69 m)

Dividends Paid

(28.6 m)(28.6 m)(29.4 m)

Cash From Financing Activities

5.8 m652.4 m(541.4 m)73.1 m
Numbers are in $, USDY, 2016

Revenue/Employee

451.1 k

Financial Leverage

3.2 x

Ares Commercial Real Estate Market Value History

Ares Commercial Real Estate Company Life and Culture

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