Ares Commercial Real Estate (ACRE) Operating Expenses (2012 - 2026)

Ares Commercial Real Estate's (ACRE) quarterly Operating Expenses came in at $8.6 million in Q1 2026, down 19.74% year-on-year from $10.7 million in Q1 2025, and down 14.4% quarter-over-quarter from $10.0 million in Q4 2025.

Ares Commercial Real Estate (ACRE) Operating Expenses (2012 - 2026) Analysis & Trends

Ares Commercial Real Estate's Operating Expenses history runs 15 years deep, the most recent figure standing at $8.6 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 19.74% year-over-year to $8.6 million in Q1 2026; TTM through Mar 2026 was $39.3 million, a 1.84% decrease from a year earlier, with the FY2025 full-year figure at $41.4 million, up 9.17% from the prior year.
  • Operating Expenses slipped to $8.6 million in Q1 2026 per ACRE's latest filing, from $10.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $11.2 million in Q4 2024 and bottomed at $6.2 million in Q1 2023.
  • The 5-year median for Operating Expenses is $8.6 million (2023), against an average of $8.8 million.
  • Across the five-year window, Operating Expenses tumbled 41.02% in 2023 and surged 41.0% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $7.8 million in 2022, then grew by 9.86% to $8.6 million in 2023, then grew by 29.7% to $11.2 million in 2024, then declined by 10.43% to $10.0 million in 2025, then dropped by 14.4% to $8.6 million in 2026.
  • Per Business Quant, the three latest ACRE Operating Expenses figures stand at $8.6 million (Q1 2026), $10.0 million (Q4 2025), and $10.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 63.74 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 34.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 480.31 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 110.77 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 80.37 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 21.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 17.16 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 49.45 Mn
10 Ares Commercial Real Estate 250.06 Mn 201.89 Mn - 8.56 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 8.56 Mn
Dec 31, 2025 10.00 Mn
Sep 30, 2025 10.00 Mn
Jun 30, 2025 10.75 Mn
Mar 31, 2025 10.66 Mn
Dec 31, 2024 11.16 Mn
Sep 30, 2024 9.31 Mn
Jun 30, 2024 8.91 Mn
Mar 31, 2024 8.55 Mn
Dec 31, 2023 8.61 Mn
Sep 30, 2023 6.60 Mn
Jun 30, 2023 7.11 Mn
Mar 31, 2023 6.20 Mn
Dec 31, 2022 7.83 Mn
Sep 30, 2022 7.14 Mn
Jun 30, 2022 7.25 Mn
Mar 31, 2022 10.51 Mn
Dec 31, 2021 12.06 Mn
Sep 30, 2021 10.89 Mn
Jun 30, 2021 9.39 Mn