Ares Commercial Real Estate ACRE
NYSE ACRE
$4.49 -0.08 (-1.75%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Ares Commercial Real Estate (ACRE) posted Operating Expenses of $9.0 million for Q2 2026, up 4.83% on a QoQ basis from $8.6 million in Q1 2026, and down 16.56% year-over-year from $10.8 million in Q2 2025.

Analysis

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

Ares Commercial Real Estate has reported Operating Expenses for 15 years, with the latest figure at $9.0 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 16.56% year-over-year to $9.0 million in Q2 2026; TTM through Jun 2026 was $37.5 million, a 10.41% decrease from a year earlier, with the FY2025 full-year figure at $41.4 million, up 9.17% from the prior year.
  • Operating Expenses was $9.0 million for Q2 2026 at Ares Commercial Real Estate, up from $8.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $11.2 million in Q4 2024, with the low at $6.2 million in Q1 2023.
  • Average Operating Expenses over 5 years is $8.8 million, with a median of $8.8 million recorded in 2023.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 41.02% in 2023, then jumped 41.0% in 2024.
  • Over 5 years, Operating Expenses stood at $7.8 million in 2022, then increased by 9.86% to $8.6 million in 2023, then increased by 29.7% to $11.2 million in 2024, then fell by 10.43% to $10.0 million in 2025, then decreased by 10.27% to $9.0 million in 2026.
  • The last three Operating Expenses figures came in at $9.0 million (Q2 2026), $8.6 million (Q1 2026), and $10.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 71.74 Mn
2 AGNC Investment 12.43 Bn 11.10 Bn - 30.00 Mn
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 524.77 Mn
4 Rithm Capital 5.57 Bn 5.57 Bn - 1.28 Bn
5 Dynex Capital 2.88 Bn 2.27 Bn - 16.21 Mn
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 51.40 Mn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 111.00 Mn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 17.16 Mn
9 Ellington Financial 1.71 Bn 1.46 Bn - 76.02 Mn
10 Ares Commercial Real Estate 250.81 Mn 209.80 Mn - 8.97 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 8.97 Mn
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