Ares Commercial Real Estate (ACRE) Operating Expenses (2012 - 2026)
Ares Commercial Real Estate (ACRE) posted quarterly Operating Expenses of $8.6 million for Q1 2026, down 19.74% year-over-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.
- 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 for Q1 2026 stood at $8.6 million, down from $10.0 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.
- The 5-year median for Operating Expenses is $8.6 million (2023), against an average of $8.8 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 41.02% in 2023, then surged 41.0% in 2024.
- Ares Commercial Real Estate's Operating Expenses stood at $7.8 million in 2022, then climbed by 9.86% to $8.6 million in 2023, then climbed by 29.7% to $11.2 million in 2024, then dropped by 10.43% to $10.0 million in 2025, then slipped by 14.4% to $8.6 million in 2026.
- Business Quant data shows ACRE's Operating Expenses at $8.6 million in Q1 2026, $10.0 million in Q4 2025, and $10.0 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Ares Commercial Real Estate | 256.63 Mn | 215.61 Mn | - | 8.97 Mn |
Historic Data
Download 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 |