Ares Real Estate Income Trust (ZARE) Operating Expenses (2010 - 2026)

Ares Real Estate Income Trust has reported Operating Expenses for 17 years, with the latest figure at $134.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 33.17% year-over-year to $134.8 million; the trailing twelve-month figure through Mar 2026 stood at $486.0 million (up 32.23% YoY), and the FY2025 full-year result was $452.4 million, up 29.4% from the prior year.
• Operating Expenses for Q1 2026 stood at $134.8 million, down from $136.1 million in the prior quarter.
• The five-year high for Operating Expenses was $136.1 million in Q4 2025, with the low at $71.8 million in Q1 2022.
• Average Operating Expenses over 5 years is $92.7 million, with a median of $85.0 million recorded in 2024.
• Year-over-year, Operating Expenses jumped 81.81% in 2022 and fell 5.33% in 2023.
• Tracing ZARE's Operating Expenses over 5 years: stood at $80.4 million in 2022, then advanced by 13.05% to $90.8 million in 2023, then slipped by 0.74% to $90.2 million in 2024, then soared by 50.94% to $136.1 million in 2025, then dropped by 0.94% to $134.8 million in 2026.
• The last three Operating Expenses figures came in at $134.8 million (Q1 2026), $136.1 million (Q4 2025), and $111.3 million (Q3 2025), per Business Quant data.

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