Ares Commercial Real Estate (ACRE) Total Debt (2012 - 2026)
Ares Commercial Real Estate (ACRE) recorded Total Debt of $1.17 billion in the quarter ended Jun 30, 2026, up 82.8% from $641.84 million a year earlier but down 0.8% from the prior quarter.
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Analysis
Ares Commercial Real Estate (ACRE) Total Debt (2012 - 2026) Analysis & Trends
As of Dec 31, 2025, Ares Commercial Real Estate reported Total Debt of $858.18 million, up 45.8% from the prior year.
- Annual Total Debt has a five-year compound annual growth rate of 2.6% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Total Debt came in at $588.47 million in the year ended Dec 31, 2024 (-8.0%), $639.82 million in the year ended Dec 31, 2023 (-9.3%), $705.23 million in the year ended Dec 31, 2022 (-16.0%) and $840.05 million in the year ended Dec 31, 2021 (+11.2%).
- Quarterly Total Debt has ranged from $588.47 million in the quarter ended Dec 31, 2024 to $1.18 billion in the quarter ended Mar 31, 2026 over the past five years.
- On a year-over-year basis, Total Debt has increased for three consecutive quarters, with growth averaging 24.5% over the last eight quarters.
- Peak year-over-year performance for Total Debt in the last five years was growth of 111.7% in the quarter ended Mar 31, 2022, against a decline of 22.8% in the quarter ended Sep 30, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.18 billion (quarter ended Mar 31, 2026), $858.18 million (quarter ended Dec 31, 2025) and $593.05 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 16.64 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 39.58 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 8.96 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 3.33 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 7.52 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 395.89 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 34.37 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Ares Commercial Real Estate | 213.60 Mn | -4.28 Mn | - | 1.17 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Bn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 858.18 Mn |
| Sep 30, 2025 | 593.05 Mn |
| Jun 30, 2025 | 641.84 Mn |
| Mar 31, 2025 | 674.41 Mn |
| Dec 31, 2024 | 588.47 Mn |
| Sep 30, 2024 | 640.61 Mn |
| Jun 30, 2024 | 625.94 Mn |
| Mar 31, 2024 | 630.30 Mn |
| Dec 31, 2023 | 639.82 Mn |
| Sep 30, 2023 | 654.51 Mn |
| Jun 30, 2023 | 681.26 Mn |
| Mar 31, 2023 | 698.15 Mn |
| Dec 31, 2022 | 705.23 Mn |
| Sep 30, 2022 | 847.70 Mn |
| Jun 30, 2022 | 853.06 Mn |
| Mar 31, 2022 | 740.02 Mn |
| Dec 31, 2021 | 840.05 Mn |
| Sep 30, 2021 | 656.01 Mn |
API Access
Ares Commercial Real Estate Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=ACRE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "ACRE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=ACRE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();