Ares Commercial Real Estate (ACRE) EBITDA (2012 - 2026)
Ares Commercial Real Estate's (ACRE) quarterly EBITDA came in at -$8.0 million in Q1 2026, down 165.05% year-on-year from $12.3 million in Q1 2025, and down 275.99% quarter-over-quarter from $4.5 million in Q4 2025.
Ares Commercial Real Estate (ACRE) EBITDA (2012 - 2026) Analysis & Trends
Ares Commercial Real Estate's EBITDA history runs 15 years deep, the most recent figure standing at -$8.0 million for Q1 2026.
- On a quarterly basis, EBITDA fell 165.05% year-over-year to -$8.0 million in Q1 2026; TTM through Mar 2026 was -$6.8 million, a 29.09% decrease from a year earlier, with the FY2025 full-year figure at $60.4 million, down 10.83% from the prior year.
- EBITDA declined to -$8.0 million in Q1 2026 per ACRE's latest filing, from $4.5 million in the prior quarter.
- Across five years, EBITDA topped out at $16.3 million in Q1 2022 and bottomed at -$28.7 million in Q4 2023.
- The 5-year median for EBITDA is -$2.2 million (2023), against an average of -$1.3 million.
- Biggest YoY gain for EBITDA was 1320.49% in 2023; the steepest drop was 1002.71% in 2023.
- Year by year, EBITDA stood at $3.2 million in 2022, then sank by 1002.71% to -$28.7 million in 2023, then surged by 73.38% to -$7.6 million in 2024, then surged by 159.47% to $4.5 million in 2025, then tumbled by 275.99% to -$8.0 million in 2026.
- Per Business Quant, the three latest ACRE EBITDA figures stand at -$8.0 million (Q1 2026), $4.5 million (Q4 2025), and $7.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.56 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 382.38 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 598.90 Mn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 215.55 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 188.28 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 167.51 Mn |
| 10 | Ares Commercial Real Estate | 250.06 Mn | 201.89 Mn | - | -7.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.98 Mn |
| Dec 31, 2025 | 4.54 Mn |
| Sep 30, 2025 | 7.30 Mn |
| Jun 30, 2025 | -10.66 Mn |
| Mar 31, 2025 | 12.27 Mn |
| Dec 31, 2024 | -7.63 Mn |
| Sep 30, 2024 | -5.39 Mn |
| Jun 30, 2024 | -4.52 Mn |
| Mar 31, 2024 | -12.28 Mn |
| Dec 31, 2023 | -28.65 Mn |
| Sep 30, 2023 | 9.22 Mn |
| Jun 30, 2023 | -2.24 Mn |
| Mar 31, 2023 | -6.33 Mn |
| Dec 31, 2022 | 3.17 Mn |
| Sep 30, 2022 | 649,000.00 |
| Jun 30, 2022 | 10.13 Mn |
| Mar 31, 2022 | 16.31 Mn |
| Dec 31, 2021 | 17.28 Mn |
| Sep 30, 2021 | 9.95 Mn |
| Jun 30, 2021 | 18.02 Mn |