$444 M

ACRE Mkt cap, 21-Oct-2019

$21.7 M

Ares Commercial Real Estate Revenue Q2, 2019
Ares Commercial Real Estate Cash, 30-Jun-20195.2 M
Ares Commercial Real Estate EV548.7 M

Ares Commercial Real Estate Income Statement

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

Operating expense total

30.8m40.2m14.4m

Interest expense

8.8m36.3m36.9m

Pre tax profit

13.9m45.2m30.7m

Income tax expense

176.0k1.9m

Net Income

13.8m24.6m43.3m

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

Interest expense

2.0m5.1m6.8m8.0m10.2m8.7m8.7m8.5m9.0m10.8m13.8m15.7m16.7m

Pre tax profit

8.1m4.1m6.7m2.9m12.0m12.9m5.7m7.8m6.5m11.1m8.6m10.0m

Income tax expense

496.0k(674.0k)83.0k(1.2m)(642.0k)760.0k1.2m(748.0k)

Net Income

7.6m4.8m6.6m4.1m9.3m20.6m32.3m6.4m36.1m6.5m24.2m

Ares Commercial Real Estate Balance Sheet

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

Accounts Payable

68.5m

Dividends Payable

7.1m7.1m7.2m7.4m7.7m8.9m

Short-term debt

Long-term debt

Total Debt

Total Liabilities

770.7m922.5m944.0m1.4b1.2b

Additional Paid-in Capital

419.4m420.3m421.2m420.1m420.6m421.7m

Retained Earnings

(13.5m)(17.7m)(12.0m)(1.3m)(1.7m)3.6m

Total Equity

406.2m480.9m456.5m429.7m419.2m425.6m

Financial Leverage

2.9 x3.9 x3 x3.2 x4.2 x3.8 x

Ares Commercial Real Estate Cash Flow

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

Accounts Receivable

Inventories

Accounts Payable

1.6m

Cash From Operating Activities

25.4m(222.9m)275.5m8.5m31.3m39.2m

Purchases of PP&E

(41.0k)(823.0k)

Cash From Investing Activities

(745.7m)(433.1m)258.3m(43.3m)(405.8m)157.9m

Long-term Borrowings

(69.0m)

Dividends Paid

(28.6m)(28.6m)(29.4m)(30.5m)(32.1m)

Cash From Financing Activities

717.0m652.4m(541.4m)73.1m355.6m(214.4m)

Ares Commercial Real Estate Ratios

USDY, 2019

EV/CFO

33.6 x

Financial Leverage

3.9 x

Ares Commercial Real Estate Employee Rating

3.25 votes
Culture & Values
3.2
Work/Life Balance
3.8
Senior Management
3.2
Salary & Benefits
4.2
Career Opportunities
3.0
Source