Company Information

  

Address: 245 PARK AVENUE
42ND FLOOR 
City: NEW YORK 
State: NY 
Zip Code: 10167 
Telephone: 212.515.3400 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

The following description of the business of Ares Commercial Real Estate Corporation should be read in conjunction with the information included elsewhere in this annual report on Form 10-K for the year ended December 31, 2016. We refer to Ares Commercial Real Estate Corporation ("ACRE") together with our subsidiaries as "we," "us," "Company," or "our," unless we specifically state otherwise or the context indicates otherwise. We refer to our manager, Ares Commercial Real Estate Management LLC, as our "Manager" or "ACREM" and the parent company of our Manager, Ares Management, L.P., together with its consolidated subsidiaries, as "Ares Management." GENERAL We are a specialty finance company primarily engaged in originating and investing in commercial real estate loans and related investments. We are externally managed by our Manager, a subsidiary of Ares Management, L.P.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20170.970.27013.49
03/20170.950.27014.08
12/20160.910.26015.09
09/20161.120.26011.25
06/20161.110.26011.07
03/20161.130.2609.69
12/20151.200.2509.53
09/20151.200.2509.99

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.11Total Liab/Total Assets0.69
Net Inc/Total Assets0.03Total Liab/Inv Cap1.61
Net Inc/Inv Cap0.08Total Liab/Comm Equity2.27
Pretax Inc/Net SalesNAInterest Coverage Ratio1.83
Net Inc/Net SalesNACurr Debt/Equity1.86
Cash Flow/Net SalesNALTD/Equity0.36
SG&A/NetSalesNATotal Debt/Equity2.22
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) NA NA NA NA
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 3.67 3.79 3.83 3.92
Operating Income -3.67 -3.79 -3.83 -3.92
Interest Exp 12.23 10.79 10.90 9.02
Pretax Income 6.74 6.55 8.78 7.84
Other Income 22.64 21.13 23.51 20.78
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 6.71 6.48 8.72 19.74

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 6.10 44.78 47.65 42.15
Receivables - Total NA NA NA NA
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment NA NA NA NA
Total Assets 1,662.57 1,429.00 1,373.70 1,565.14
Liabilities        
Accounts Payable 10.34 10.55 10.11 10.01
Debt in Current Liabilities 809.74 576.51 780.71 879.10
Total Current Liabilities NA NA NA NA
Long-Term Debt 421.87 420.73 149.88 207.06
Total Liabilities 1,245.59 1,011.11 954.67 1,146.88
Stockholder's Equity        
Minority Interest 0.00 0.00 10.64 47.01
Preferred Stock NA NA NA NA
Common Stock 0.28 0.28 0.28 0.28
Retained Earnings -3.55 -2.55 -1.31 -1.97
Treasury Stock NA NA NA NA
Total Stockholders' Equity 416.98 417.89 419.03 418.26
Total Liabilities and Stockholders' Equity 1,662.57 1,429.00 1,373.70 1,565.14

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 6.84 6.20 8.35 -33.24
Net Cash Provided by Investing Activities -268.17 -56.69 199.14 -276.05
Net Cash Provided by Financing Activities 222.66 47.61 -201.99 344.75

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20120.000.860.03
12/20138.0713.770.72
12/20140.0024.620.85
12/20150.0043.321.20
12/20160.0044.870.91
Growth RatesNaN168.76134.68

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1712518,35264.21




Report Date : 10/16/2017

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