| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 2,963 | -1,690 |
| Amortization of deferred financing costs | 3,571 | 2,421 |
| Accretion of discounts, deferred loan origination fees and costs | 3,181 | 1,997 |
| Stock-based compensation | 3,012 | 1,987 |
| Depreciation and amortization of real estate owned | 6,510 | 4,501 |
| Provision for (reversal of) current expected credit losses, net | -27,680 | -25,490 |
| Realized losses on loans | -34,643 | -33,000 |
| Change in unrealized losses on loans held for sale | 0 | 0 |
| Other assets | 1,447 | -110 |
| Due to affiliate | 172 | 355 |
| Other liabilities | -1,836 | -307 |
| Net cash provided by (used in) operating activities | 16,727 | 12,890 |
| Issuance of and funding on loans held for investment | 113,780 | 19,085 |
| Principal collections and cost-recovery proceeds on loans held for investment | 506,224 | 342,596 |
| Proceeds from sale of loans held for sale | 0 | 0 |
| Receipt of origination and other loan fees | 2,367 | 1,554 |
| Principal repayment of available-for-sale debt securities | 8,667 | 870 |
| Restricted cash assumed from acquisition of real estate owned | 0 | - |
| Purchases of capitalized additions to real estate owned | 1,330 | 937 |
| Receipt (disbursement) of escrows and reserves for loans held for investment, net | 36,046 | - |
| Net cash provided by (used in) investing activities | 438,194 | 324,998 |
| Proceeds from secured funding agreements-Secured Funding Agreements | 200,148 | 114,797 |
| Repayments of secured funding agreements-Secured Funding Agreements | 195,571 | 61,423 |
| Repayments of notes payable | 0 | - |
| Repayments of secured funding agreements-Secured Term Loan | 30,000 | 20,000 |
| Payment of secured funding costs | 3,008 | 2,709 |
| Repayments of debt of consolidated vies | 338,263 | 318,434 |
| Dividends paid | 30,645 | 22,278 |
| Net cash provided by (used in) financing activities | -397,339 | -310,047 |
| Change in cash, cash equivalents and restricted cash | 57,582 | 27,841 |
| Cash and cash equivalents at beginning of period | 66,294 | - |
| Cash and cash equivalents at end of period | 123,876 | - |
Ares Commercial Real Estate Corp (ACRE)
Ares Commercial Real Estate Corp (ACRE)