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, 2017. 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 ("CRE") loans and related investments. We are externally managed by ACREM, a subsidiary of Ares Management, L.P.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.170.28010.56
12/20171.070.27012.06
09/20171.130.27011.78
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

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.07Total Liab/Total Assets0.76
Net Inc/Total Assets0.02Total Liab/Inv Cap1.66
Net Inc/Inv Cap0.04Total Liab/Comm Equity3.21
Pretax Inc/Net SalesNAInterest Coverage Ratio1.60
Net Inc/Net SalesNACurr Debt/Equity2.29
Cash Flow/Net SalesNALTD/Equity0.90
SG&A/NetSalesNATotal Debt/Equity3.19
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)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) NA NA NA NA
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 3.74 3.89 3.61 3.67
Operating Income -3.74 -3.89 -3.61 -3.67
Interest Exp 14.30 14.35 13.83 12.23
Pretax Income 9.40 6.21 11.11 6.74
Other Income 27.44 24.45 28.55 22.64
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 9.32 6.18 11.06 6.74

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 5.58 28.72 28.62 6.10
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 1,744.16 1,770.22 1,587.47 1,662.57
Liabilities        
Accounts Payable 10.54 10.35 10.28 10.34
Debt in Current Liabilities 929.45 957.96 730.23 809.74
Total Current Liabilities NA NA NA NA
Long-Term Debt 379.19 378.81 422.72 421.87
Total Liabilities 1,323.44 1,351.05 1,166.97 1,245.59
Stockholder's Equity        
Minority Interest NA 0.00 0.00 0.00
Preferred Stock NA NA NA NA
Common Stock 0.28 0.28 0.28 0.28
Retained Earnings -0.44 -1.75 -0.21 -3.55
Treasury Stock NA NA NA NA
Total Stockholders' Equity 420.71 419.17 420.50 416.98
Total Liabilities and Stockholders' Equity 1,744.16 1,770.22 1,587.47 1,662.57

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 9.70 7.38 10.85 6.83
Net Cash Provided by Investing Activities 3.71 -181.34 100.43 -268.17
Net Cash Provided by Financing Activities -36.55 174.06 -88.76 222.66

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20138.0713.770.72
12/20140.0024.620.85
12/20150.0043.321.20
12/20160.0044.870.91
12/20170.0030.431.07
Growth Rates-100.0021.9410.41

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1812317,72661.98




Report Date : 7/16/2018

Powered By Edgar Online © 2018EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.