Ares Commercial Real Estate (ACRE) Operating Expenses (2012 - 2026)
Ares Commercial Real Estate (ACRE) recorded quarterly Operating Expenses of $8.6 million in Q1 2026, down 14.4% quarter-over-quarter from $10.0 million in Q4 2025, and down 19.74% on a YoY basis from $10.7 million in Q1 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.
- In Q1 2026, Operating Expenses fell 19.74% year-over-year to $8.6 million; the TTM figure through Mar 2026 stood at $39.3 million (down 1.84% YoY), while the FY2025 annual figure was $41.4 million, up 9.17% from the prior year.
- Operating Expenses was $8.6 million for Q1 2026 at Ares Commercial Real Estate, down from $10.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $11.2 million in Q4 2024 to a low of $6.2 million in Q1 2023.
- Historically, Operating Expenses has averaged $8.8 million across 5 years, with a median of $8.6 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 41.02% in 2023, then soared 41.0% in 2024.
- A 5-year view of Operating Expenses shows it 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.
- The last three Operating Expenses figures came in at $8.6 million (Q1 2026), $10.0 million (Q4 2025), and $10.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | Ares Commercial Real Estate | 276.06 Mn | 189.89 Mn | - | 8.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |