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
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