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| 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 |