Ares Commercial Real Estate (ACRE)
NYSE:ACRE
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Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
-0.51Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated tangible progress on strategic objectives — portfolio growth (22% YoY), ongoing originations, improved diversification, stronger liquidity and expanded borrowing capacity — and highlighted stability across the core, risk-rated 1–3 portfolio (31 of 35 loans, no negative migrations). However, the company continues to carry concentrated problem assets (four loans driving most risk exposure), a rising CECL reserve ($138M) heavily weighted to a single risk-rated five loan, and reported a GAAP net loss for the quarter. Management emphasized active resolution efforts, platform-scale advantages, and opportunistic originations, while acknowledging timing uncertainty on asset sales and the need to rebuild earnings to support the dividend. Overall the positives around growth, liquidity and disciplined deployment outweigh the remaining concentrated credit challenges, but material risks persist until the key non‑accrual loans are resolved.Company Guidance
Portfolio Growth and Recent Originations
Loans held for investment grew to $1.7 billion (35 loans), up $110 million quarter-over-quarter. 37% of the investment loan portfolio balance was originated in the past 12 months. The company closed three new loan commitments totaling $294 million in Q1 and has committed approximately $780 million in new loans over the last 12 months.
Meaningful Year‑over‑Year Growth
Outstanding principal balance of the portfolio increased by 22% year-over-year, reflecting steady deployment and portfolio expansion.
Improved Portfolio Diversification and Reduced Office Exposure
Office loan balance was reduced by nearly 25% year-over-year and redeployed into industrial, multifamily, select retail, and self-storage, aligning the portfolio with lower CapEx, higher-conviction property types.
Strong Liquidity and Expanded Financing Capacity
Available capital was $163 million (including $86 million cash) as of 03/31/2026. The company collected $94 million in repayments during the quarter and increased borrowing capacity by $300 million (Morgan Stanley upsized to $350M; Citibank upsized to $425M). Net debt-to-equity (ex-CECL) was 1.9x.
Credit Stability in Core Portfolio
31 of 35 loans are risk-rated 1–3 and there were no negative credit migrations in the 1–3 cohort during the quarter. The company collected $2.1 million of cash interest on non-accrual loans (accounted for as reduction in loan basis).
Ongoing Origination Activity and Platform Advantage
Q1 included $225 million of new loan commitments classified as loans held for investment (plus $69 million held for sale tied to a larger $144M commitment). Management continues to leverage Ares-affiliated co-investments (>75% of dollars committed in last 12 months) and closed an additional $95 million of new commitments early in Q2.
Dividend Declaration and Attractive Yield
Board declared a Q2 cash dividend of $0.15 per common share; at the 05/04/2026 stock price the annualized dividend yield is approximately 11.5%.
Book Value and Strategic Positioning
Book value reported at $8.89 per share (includes $138 million CECL reserve). Management emphasizes scale and platform support from Ares as a differentiator for disciplined sourcing and co-investment opportunities.
ACRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ACRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $5.22 | $5.05 | -3.26% |
Feb 10, 2026 | $4.95 | $5.53 | +11.76% |
Nov 07, 2025 | $4.22 | $4.75 | +12.68% |
Aug 05, 2025 | $4.11 | $3.79 | -7.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ares Commercial Real Estate (ACRE) report earnings?
Ares Commercial Real Estate (ACRE) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Ares Commercial Real Estate (ACRE) earnings time?
Ares Commercial Real Estate (ACRE) earnings time is at Jul 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACRE EPS forecast?
ACRE EPS forecast for the fiscal quarter 2026 (Q2) is 0.04.