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Ares Commercial Real Estate (ACRE)
NYSE:ACRE
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.13Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlights meaningful progress: material reduction in office exposure, restarted originations and portfolio growth, improved liquidity and financing capacity, successful restructurings, and a declared dividend with an attractive yield. However, material credit‑concentration risk remains (five risk-rated 4/5 loans, with two loans comprising ~85% of that bucket), a significant CECL reserve concentrated in troubled assets, and mixed/uneven reported earnings. Management’s focus is on resolving the remaining problem loans which will drive earnings visibility going forward.Company Guidance
Reshaping Portfolio and Reduced Office Exposure
Office loan exposure reduced to $447 million, down 30% since year-end 2024 and down 10% quarter-over-quarter; office loans now represent 28% of the total loan portfolio (down from 38%).
Restarted Origination Activity and Portfolio Growth
ACRE returned to investing in 2025 with 13 new loan commitments totaling $486 million for the year; in Q4 closed eight new loan commitments totaling $393 million. Outstanding principal balance reached $1.6 billion, an increase of 24% (as reported). New loans closed in 2025 comprise 29% of the total loan portfolio.
Strong Liquidity and Improved Financing Capacity
Available capital of $110 million at quarter end; increased borrowing capacity by $250 million via upsizing Wells Fargo facility to $600 million (+$150M) and Morgan Stanley facility by $100 million; redeemed FL4 CLO to reduce borrowing cost.
Balance Sheet Positioning and Moderate Leverage
Net debt to equity (excluding CECL) at 1.6x at quarter end (up from 1.1x prior quarter). Management expects near-term leverage may peak near ~2.0x and targets a long-term debt-to-equity of ~3.0x to achieve historical ROE.
Selective Asset Management Outcomes and Restructurings
Restructured an $81M senior risk-4 Arizona office loan into a $65M senior risk-3 tranche and an $8M subordinated risk-4 tranche; sponsor repaid principal and committed additional equity — this restructuring drove a 13% quarter-over-quarter reduction in risk-rated 4 and 5 loans.
Dividend Declaration and Attractive Yield
Board declared a regular cash dividend of $0.15 per common share for 2026. Based on the 02/05/2026 stock price, the annualized yield on the first quarter dividend is approximately 12%.
Ares Platform Leverages Scale
More than half of new loan dollars represented co-investment opportunities with Ares-affiliated vehicles. The broader Ares real estate debt platform originated over $9 billion globally in new commitments in 2025 — nearly double 2024 — expanding deal access for ACRE.
CECL Reserve Trend and Book Value
Total CECL reserve was $127 million at year-end 2025 (approximately 8% of loans held for investment). CECL decreased $18 million year-over-year from 12/31/2024, though it rose $10 million versus 09/30/2025. Book value was $9.26 per share (includes CECL reserve).
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 |
|---|---|---|---|
Feb 10, 2026 | $5.11 | $5.71 | +11.74% |
Nov 07, 2025 | $4.49 | $5.06 | +12.69% |
Aug 05, 2025 | $4.38 | $4.03 | -7.97% |
May 07, 2025 | $3.87 | $4.39 | +13.60% |
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 May 05, 2026, Before Open (Confirmed).
What is Ares Commercial Real Estate (ACRE) earnings time?
Ares Commercial Real Estate (ACRE) earnings time is at May 05, 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 (Q1) is 0.03.