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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |