| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 84,869 | 89,985 | ||
| Restricted cash (2,961 and 2,495 related to consolidated vies, respectively) | 39,007 | 4,150 | ||
| Loans held for investment (154,688 and 551,955 related to consolidated vies, respectively) | 1,231,232 | 1,300,670 | ||
| Current expected credit loss reserve | 115,345 | 117,695 | ||
| Loans held for investment, net of current expected credit loss reserve | 1,115,887 | 1,182,975 | ||
| Investment in available-for-sale debt securities, at fair value | 0 | 7,808 | ||
| Real estate owned held for investment, net (55,591 and 58,844 related to consolidated vies, respectively) | 133,852 | 135,468 | ||
| Other assets (214 and 1,991 of interest receivable related to consolidated vies, respectively) | 18,252 | 18,252 | ||
| Total assets | 1,391,867 | 1,438,638 | ||
| Secured funding agreements | 593,046 | 641,842 | ||
| Secured term loan | 99,088 | 108,780 | ||
| Collateralized loan obligation securitization debt (consolidated vies) | 117,759 | 137,587 | ||
| Due to affiliate | 3,962 | 4,145 | ||
| Dividends payable | 8,365 | 8,368 | ||
| Other liabilities (294 and 1,309 of interest payable related to consolidated vies, respectively) | 48,664 | 14,217 | ||
| Total liabilities | 870,884 | 914,939 | ||
| Common stock, par value 0.01 per share, 450,000,000 shares authorized at september 30, 2025 and december 31, 2024 and 55,022,286 and 54,542,178 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 532 | 532 | ||
| Additional paid-in capital | 819,934 | 818,910 | ||
| Accumulated other comprehensive income (loss) | 0 | 28 | ||
| Accumulated earnings (deficit) | -299,483 | -295,771 | ||
| Total stockholders' equity | 520,983 | 523,699 | ||
| Total liabilities and stockholders' equity | 1,391,867 | 1,438,638 | ||
Ares Commercial Real Estate Corp (ACRE)
Ares Commercial Real Estate Corp (ACRE)