ACRE Ares Commercial Real Estate Corporation Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 4, 2026
$3.83
· of 52w range
· above low
· to high
$3.7552w low
$5.8952w high
Market Cap (MRQ)
$212M
P/E
3.5
Revenue
$55M
your badges
52W Range
$4–$6
Analyst Rating
HOLD
Price Target
$5
P/E
3.5
ROE
-0.17%
Net Profit Margin
-8.0%
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ACRE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$3.83
Market Cap (MRQ)
$212M
P/E
3.5
Revenue
$55M
Div Yield
18.5%
ROE
-0.17%
52W Range
$4–$6
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$55M2016-12-31 → 2025-12-31
EPS·2016-12-31 → 2018-12-31
Net margin-8.0%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ACRE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 3.55Y avg ≈8.5 | ≈8.5 | 7.3 | Undervalued | |
| P/S (TTM) | 3.95Y avg ≈5.5 | ≈5.5 | 4.5 | Fair value | |
| P/B (MRQ) | 0.45Y avg ≈0.8 | ≈0.8 | 0.6 | Undervalued | |
| Price / Cash Flow | 9.95Y avg ≈11.5 | ≈11.5 | 9.0 | Overvalued | |
| Price / Tangible Book | 0.45Y avg ≈0.8 | ≈0.8 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ACRE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 15.4%5Y avg ≈7.8% | ≈7.8% | 3.7% | Top tier | |
| Pretax Margin (TTM) | -7.7%5Y avg ≈-1.0% | ≈-1.0% | 31.5% | In line | |
| Net Profit Margin (TTM) | -8.0%5Y avg ≈-1.3% | ≈-1.3% | 30.5% | In line | |
| ROA | -0.05%5Y avg ≈0.08% | ≈0.08% | 0.72% | Below avg | |
| ROE | -0.17%5Y avg ≈0.50% | ≈0.50% | 2.7% | Below avg |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | ACRE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -21.3%5Y avg ≈-6.2% | ≈-6.2% | · | · | |
| Revenue CAGR 3Y | -19.9%5Y avg ≈-9.3% | ≈-9.3% | · | · | |
| Revenue CAGR 5Y | -7.9% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | ACRE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | 0.0 | Top tier |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield18.5%
Payout Ratio-4324.9%
Annualized Payout≈$0.60
5Y Div CAGR≈-14.6%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jun 30, 2026 | $0.15 | USD | ≈13.3% |
| Mar 31, 2026 | $0.15 | USD | ≈12.5% |
| Dec 31, 2025 | $0.15 | USD | ≈12.6% |
| Sep 30, 2025 | $0.15 | USD | ≈15.5% |
| Jun 30, 2025 | $0.15 | USD | ≈16.8% |
| Mar 31, 2025 | $0.15 | USD | ≈19.4% |
| Dec 31, 2024 | $0.25 | USD | ≈17.0% |
| Sep 30, 2024 | $0.25 | USD | ≈15.4% |
| Jun 28, 2024 | $0.25 | USD | ≈17.4% |
| Mar 27, 2024 | $0.25 | USD | ≈17.1% |
| Dec 28, 2023 | $0.33 | USD | ≈12.8% |
| Sep 28, 2023 | $0.33 | USD | ≈14.5% |
| Jun 29, 2023 | $0.35 | USD | ≈13.8% |
| Mar 30, 2023 | $0.35 | USD | ≈15.7% |
| Dec 29, 2022 | $0.35 | USD | ≈13.9% |
| Sep 29, 2022 | $0.35 | USD | ≈13.7% |
| Jun 29, 2022 | $0.35 | USD | ≈11.5% |
| Mar 30, 2022 | $0.35 | USD | ≈9.3% |
| Dec 30, 2021 | $0.35 | USD | ≈9.7% |
| Sep 29, 2021 | $0.35 | USD | ≈9.1% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-174.1%
Next Report
Nov 05, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $0.08 | $0.05 | 47.1% |
| March 31, 2026 | $-0.17 | $0.05 | -433.3% | |
| Dec. 31, 2025 | $-0.07 | $0.01 | — | |
| Sept. 30, 2025 | $0.08 | $0.02 | 257.1% | |
| June 30, 2025 | $-0.20 | $0.04 | -567.3% | |
| March 31, 2025 | $0.17 | $0.00 | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55M | $70M | $93M | $107M | $102M | $83M | $77M | $55M | $46M | $45M | $50M | $38M | |
| SG&A Expense | $7M | $8M | $7M | $6M | $5M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | |
| Pretax Income | $-617.0K | $-35M | $-39M | $30M | $61M | $22M | $38M | $39M | $31M | $31M | $36M | $23M | |
| Income Tax | $285.0K | $-18.0K | $-39.0K | $472.0K | $722.0K | $352.0K | $515.0K | $446.0K | $178.0K | $230.0K | $-11.0K | $240.0K | |
| Net Income | $-902.0K | $-35M | $-39M | $30M | $60M | $22M | $37M | $39M | $30M | $45M | $43M | $25M | |
| EPS (Basic) | · | · | · | · | · | · | · | $1.35 | $1.07 | $1.42 | $1.20 | $0.86 | |
| EPS (Diluted) | · | · | · | · | · | · | · | $1.35 | $1.07 | $1.41 | $1.20 | $0.85 | |
| Shares (Basic) | 54,886,025 | 54,446,368 | 54,281,998 | 51,679,744 | 42,399,613 | 32,977,462 | 28,609,282 | 28,529,439 | 28,478,237 | 28,461,853 | 28,501,897 | 28,459,309 | |
| Shares (Diluted) | 54,886,025 | 54,446,368 | 54,281,998 | 52,126,256 | 42,681,505 | 33,196,508 | 28,846,641 | 28,656,660 | 28,550,945 | 28,523,306 | 28,597,568 | 28,585,022 | |
| EBITDA | $8M | $5M | $1M | · | · | · | · | · | · | · | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $29M | $64M | $110M | $141M | $51M | $75M | $5M | $11M | $28M | $47M | $5M | $15M | |
| Total Assets | $1.62B | $1.75B | $2.28B | $2.52B | $2.63B | $1.93B | $1.78B | $1.60B | $1.77B | $1.37B | $1.38B | $1.86B | |
| Total Liabilities | $1.11B | $1.21B | $1.65B | $1.78B | $1.95B | $1.46B | $1.36B | $1.18B | $1.35B | $944M | $922M | $1.38B | |
| Long-term Debt | $948M | $718M | $895M | $960M | $1.04B | $929M | $895M | $888M | $1.07B | $936M | $623M | $815M | |
| Common Stock | $532.0K | $532.0K | $532.0K | $537.0K | $465.0K | $329.0K | $283.0K | $283.0K | $283.0K | $283.0K | $284.0K | $284.0K | |
| Retained Earnings | $-312M | $-277M | $-187M | $-73M | $-29M | $-25M | $2M | $4M | $-2M | $-1M | $-12M | $-18M | |
| AOCI | $0 | $37.0K | $153.0K | $8M | $3M | $0 | · | · | · | · | · | · | |
| Stockholders' Equity | $510M | $540M | $626M | $748M | $679M | $473M | $426M | $426M | $419M | $419M | $409M | $403M | |
| Liabilities + Equity | $1.62B | $1.75B | $2.28B | $2.52B | $2.63B | $1.93B | $1.78B | $1.60B | $1.77B | $1.37B | $1.38B | $1.86B | |
| Shares Outstanding | 55,026,453 | 54,542,178 | 54,149,225 | 54,443,983 | 47,144,058 | 33,442,332 | 28,865,610 | 28,755,665 | 28,598,916 | 28,609,650 | 28,609,650 | 28,586,915 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $8M | $5M | $1M | $0 | $825.0K | · | · | · | · | · | · | · | |
| Stock-based Comp | $4M | $5M | $4M | $3M | $2M | $1M | $2M | $1M | $581.0K | $312.0K | $835.0K | $939.0K | |
| Deferred Tax | · | · | · | · | · | · | · | $0 | $0 | $2M | $2M | $93.0K | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | $44.0K | · | |
| Other Non-cash | $10M | $61M | $81M | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $21M | $36M | $47M | $57M | $48M | $32M | $32M | $39M | $31M | $-4M | $276M | $-223M | |
| CapEx | · | · | · | · | · | · | · | · | · | · | · | $823.0K | |
| Investing Cash Flow | $148M | $428M | $127M | $193M | $-700M | $-82M | $-174M | $158M | $-406M | $-60M | $258M | · | |
| Stock Repurchased | $0 | $0 | $5M | $0 | $0 | · | · | $0 | $0 | $1M | $0 | $0 | |
| Net Stock Activity | $0 | $0 | $-5M | · | · | · | · | $0 | · | $-1M | · | · | |
| Dividends Paid | $39M | $60M | $76M | $72M | $58M | $43M | $37M | $32M | $31M | $29M | $29M | $29M | |
| Financing Cash Flow | $-169M | $-508M | $-205M | $-160M | $627M | $119M | $136M | $-214M | $356M | $73M | $-541M | · | |
| Net Change in Cash | $863.0K | $-44M | $-31M | $91M | $-24M | $69M | $-6M | $-17M | $-19M | $8M | $-8M | · | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | · | · | $-224M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -1.6% | -50.2% | -41.8% | 27.9% | 59.2% | 26.4% | 47.9% | 69.8% | · | 99.5% | 50.7% | 37.8% | |
| Pretax Margin | -1.1% | -50.3% | -41.9% | 28.3% | 59.9% | 26.8% | 48.5% | 70.6% | · | 68.0% | 53.0% | 36.2% | |
| EBITDA Margin | 15.4% | 6.8% | 1.1% | · | · | · | · | · | · | · | · | · | |
| ROA | -0.05% | -1.7% | -1.6% | 1.2% | 2.6% | 1.2% | 2.2% | 2.3% | · | 3.3% | 2.7% | 1.6% | |
| ROE | -0.17% | -6.3% | -5.7% | 4.2% | 10.5% | 4.9% | 8.7% | 9.1% | · | 10.8% | 10.7% | 6.1% |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $9.26 | $9.90 | $11.56 | $13.73 | $14.39 | $14.14 | $14.77 | $14.80 | · | $14.71 | $14.31 | $14.10 | |
| Revenue / Share | $1.00 | $1.28 | $1.71 | $2.05 | $2.39 | $2.49 | $2.68 | $1.93 | · | $1.58 | $2.99 | $2.28 | |
| Cash Flow / Share | $0.39 | $0.65 | $0.86 | $1.10 | $1.13 | $0.96 | $1.12 | $1.37 | · | $0.30 | $9.63 | $-7.80 | |
| Cash / Share | $0.53 | $1.17 | $2.04 | $2.59 | $1.07 | $2.24 | $0.18 | $0.39 | · | $1.66 | $0.31 | $0.58 | |
| Dividend / Share | $0.60 | $1.00 | $1.36 | $1.40 | $1.40 | $1.32 | $1.32 | $1.16 | · | · | · | · | |
| Dividend Paid / Share | · | · | · | · | · | · | $1.32 | $1.16 | $1.08 | $1.04 | $1.00 | $1.00 | |
| EPS (TTM) | $1.08 | $1.08 | $1.08 | $1.08 | $1.08 | $1.08 | $1.08 | $1.35 | $1.07 | $1.41 | $1.20 | $0.85 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -21.3% | -25.1% | -13.0% | 4.7% | 23.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -19.9% | -12.0% | 4.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -7.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -50.7% | 176.8% | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | -1.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $55M | $70M | $93M | $107M | $102M | $83M | $77M | $55M | $46M | $45M | $50M | $38M | |
| Net Income TTM | $-902.0K | $-35M | $-39M | $30M | $60M | $22M | $37M | $39M | $30M | $45M | $43M | $25M | |
| Market Cap | $263M | $321M | $561M | $560M | $685M | $398M | $457M | $375M | · | $391M | $327M | $328M | |
| P/E | 4.4 | 5.5 | 9.6 | 9.5 | 13.5 | 11.0 | 14.7 | 9.7 | 12.1 | 9.7 | 9.5 | 13.5 | |
| P/S | 4.8 | 4.6 | 6.0 | 5.2 | 6.7 | 4.8 | 5.9 | 6.8 | · | 8.7 | 6.5 | 8.7 | |
| P/B | 0.5 | 0.6 | 0.9 | 0.7 | 1.0 | 0.8 | 1.1 | 0.9 | · | 0.9 | 0.8 | 0.8 | |
| P / Tangible Book | 0.5 | 0.6 | 0.9 | 0.7 | 1.0 | 0.8 | · | · | · | · | · | · | |
| P / Cash Flow | 12.3 | 9.0 | 12.0 | 9.8 | 14.2 | 12.5 | 14.1 | 9.6 | · | 45.8 | 1.2 | -1.5 | |
| P / FCF | · | · | · | · | · | · | · | · | · | · | · | -1.5 | |
| Dividend Yield | 14.8% | 18.6% | 13.5% | 12.8% | 8.5% | 10.7% | 8.2% | 8.6% | · | 7.5% | 8.7% | 8.7% | |
| Earnings Yield | 22.6% | 18.3% | 10.4% | 10.5% | 7.4% | 9.1% | 6.8% | 10.3% | 8.3% | 10.3% | 10.5% | 7.4% | |
| Payout Ratio | -4324.9% | -170.4% | -195.4% | 241.1% | 96.6% | 195.8% | 101.3% | 83.1% | · | 65.5% | 66.0% | 116.1% | |
| Annual Payout | $39M | $60M | $76M | $72M | $58M | $43M | $37M | $32M | $31M | $29M | $29M | $29M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14M | $13M | $13M | $14M | $13M | $15M | $18M | $17M | $17M | $19M | $18M | $24M | $25M | $27M | $30M | $27M | |
| SG&A Expense | $2M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | |
| Pretax Income | $5M | $-10M | $-4M | $5M | $-11M | $10M | $-11M | $-6M | $-6M | $-12M | $-40M | $9M | $-2M | $-6M | $3M | $649.0K | |
| Income Tax | $138.0K | $30.0K | $5.0K | $-1.0K | $0 | $281.0K | $-17.0K | $-3.0K | $0 | $2.0K | $-87.0K | $-16.0K | $-46.0K | $110.0K | $264.0K | $5.0K | |
| Net Income | $4M | $-10M | $-4M | $5M | $-11M | $9M | $-11M | $-6M | $-6M | $-12M | $-39M | $9M | $-2M | $-6M | $3M | $644.0K | |
| Shares (Basic) | 55,367,375 | 55,322,222 | · | 54,904,862 | 54,856,949 | 54,828,751 | · | 54,464,147 | 54,426,112 | 54,396,397 | · | 54,085,035 | 54,347,204 | 54,591,650 | · | 54,415,545 | |
| Shares (Diluted) | 56,354,988 | 55,322,222 | · | 55,775,825 | 54,856,949 | 55,694,939 | · | 54,464,147 | 54,426,112 | 54,396,397 | · | 54,796,413 | 54,347,204 | 54,591,650 | · | 54,846,756 | |
| EBITDA | $749.0K | $741.0K | · | $2M | $2M | $2M | · | $967.0K | $770.0K | $786.0K | · | · | · | · | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $18M | $86M | $29M | $85M | $90M | $125M | $64M | $69M | $71M | $100M | $110M | $61M | $143M | $154M | $141M | $77M | |
| Total Assets | $1.82B | $1.84B | $1.62B | $1.39B | $1.44B | $1.52B | $1.75B | $1.94B | $2.07B | $2.11B | · | $2.36B | $2.40B | $2.44B | · | $2.73B | |
| Total Liabilities | $1.33B | $1.34B | $1.11B | $871M | $915M | $977M | $1.21B | $1.38B | $1.49B | $1.51B | · | $1.68B | $1.71B | $1.73B | · | $1.96B | |
| Long-term Debt | · | · | $948M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $532.0K | $532.0K | $532.0K | $532.0K | $532.0K | $532.0K | $532.0K | $532.0K | $532.0K | $532.0K | · | $532.0K | $532.0K | $537.0K | · | $537.0K | |
| Retained Earnings | $-334M | $-330M | $-312M | $-299M | $-296M | $-276M | $-277M | $-253M | $-233M | $-213M | · | $-129M | $-120M | $-99M | · | $-57M | |
| AOCI | · | · | $0 | $0 | $28.0K | $7.0K | $37.0K | $190.0K | $193.0K | $234.0K | · | $666.0K | $987.0K | $3M | · | $11M | |
| Stockholders' Equity | $489M | $492M | $510M | $521M | $524M | $542M | $540M | $564M | $582M | $601M | $626M | $683M | $691M | $718M | $748M | $767M | |
| Liabilities + Equity | $1.82B | $1.84B | $1.62B | $1.39B | $1.44B | $1.52B | $1.75B | $1.94B | $2.07B | $2.11B | · | $2.36B | $2.40B | $2.44B | · | $2.73B | |
| Shares Outstanding | 55,481,113 | 55,367,672 | 55,026,453 | 55,022,286 | 55,005,353 | 54,856,977 | 54,542,178 | 54,532,393 | 54,518,727 | 54,422,613 | · | 54,136,273 | 54,136,273 | 54,606,826 | · | 54,438,363 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $749.0K | $741.0K | $2M | $2M | $2M | $2M | $2M | $967.0K | $770.0K | $786.0K | $810.0K | $206.0K | $0 | $0 | $0 | · | |
| Stock-based Comp | $882.0K | $897.0K | $892.0K | $1M | $937.0K | $1M | $1M | $1M | $1M | $1M | $1M | $985.0K | $1M | $960.0K | $738.0K | $673.0K | |
| Other Non-cash | · | $-49M | · | · | · | $-5M | · | · | · | $22M | · | · | · | · | · | · | |
| Operating Cash Flow | $64M | $-57M | $5M | $4M | $5M | $8M | $7M | $8M | $9M | $11M | $10M | $14M | $12M | $11M | $15M | $13M | |
| Investing Cash Flow | $-122M | $-90M | $-290M | $113M | $26M | $299M | $173M | $122M | $-295.0K | $134M | $86M | $-48M | $19M | $70M | $257M | $12M | |
| Stock Repurchased | · | · | · | · | · | · | $0 | $0 | · | · | $0 | $0 | · | · | $0 | $0 | |
| Dividends Paid | $8M | $8M | $8M | $8M | $8M | $14M | $14M | $14M | $14M | $18M | $18M | $19M | $19M | $19M | $19M | $19M | |
| Financing Cash Flow | $-18M | $214M | $229M | $-87M | $-66M | $-244M | $-186M | $-128M | $-37M | $-156M | $-46M | $-47M | $-42M | $-69M | $-208M | $27M | |
| Net Change in Cash | $-76M | $67M | $-57M | $30M | $-35M | $63M | $-6M | $2M | $-29M | $-11M | $49M | $-82M | $-11M | $12M | $64M | $52M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 30.5% | -71.4% | · | 33.0% | -87.8% | 62.5% | · | -35.3% | -36.5% | -65.9% | · | 38.5% | -8.8% | -24.3% | · | 2.4% | |
| Pretax Margin | 31.5% | -71.1% | · | 33.0% | -87.8% | 64.4% | · | -35.3% | -36.5% | -65.9% | · | 38.4% | -9.0% | -23.9% | · | 2.4% | |
| EBITDA Margin | 5.2% | 5.5% | · | 14.2% | 18.3% | 14.6% | · | 5.8% | 4.6% | 4.2% | · | · | · | · | · | · | |
| ROA | 0.27% | -0.57% | · | 0.28% | -0.63% | 0.51% | · | -0.27% | -0.27% | -0.54% | · | 0.36% | -0.09% | -0.26% | · | 0.02% | |
| ROE | 0.87% | -1.9% | · | 0.86% | -2.0% | 1.6% | · | -0.94% | -0.96% | -1.9% | · | 1.3% | -0.30% | -0.91% | · | 0.09% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $8.82 | $8.89 | · | $9.47 | $9.52 | $9.88 | · | $10.34 | $10.68 | $11.04 | · | $12.62 | $12.77 | $13.15 | · | $14.09 | |
| Revenue / Share | $0.25 | $0.24 | · | $0.25 | $0.23 | $0.27 | · | $0.31 | $0.31 | $0.34 | · | $0.44 | $0.46 | $0.49 | · | $0.50 | |
| Cash Flow / Share | · | $-1.02 | · | · | · | $0.14 | · | · | · | $0.21 | · | · | · | $0.21 | · | · | |
| Cash / Share | $0.32 | $1.56 | · | $1.54 | $1.64 | $2.29 | · | $1.26 | $1.30 | $1.83 | · | $1.13 | $2.63 | $2.82 | · | $1.42 | |
| Dividend / Share | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.25 | $0.25 | $0.25 | $0.25 | $0.33 | $0.33 | $0.35 | $0.35 | $0.35 | $0.35 | |
| EPS (TTM) | $1.08 | $1.08 | · | $1.08 | $1.08 | $1.08 | · | $1.08 | $1.08 | $1.08 | · | $1.08 | $1.08 | $1.08 | · | $1.08 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $55M | $53M | · | $59M | $62M | $66M | · | $70M | $77M | $85M | · | $106M | $109M | $109M | · | $107M | |
| Net Income TTM | $-4M | $-20M | · | $-8M | $-18M | $-13M | · | $-64M | $-49M | $-45M | · | $3M | $-5M | $7M | · | $44M | |
| Market Cap | $250M | $266M | · | $248M | $262M | $254M | · | $382M | $363M | $405M | · | $515M | $549M | $496M | · | $569M | |
| P/E | 4.2 | 4.4 | · | 4.2 | 4.4 | 4.3 | · | 6.5 | 6.2 | 6.9 | · | 8.8 | 9.4 | 8.4 | · | 9.7 | |
| P/S | 4.5 | 5.0 | · | 4.2 | 4.3 | 3.9 | · | 5.5 | 4.7 | 4.8 | · | 4.9 | 5.0 | 4.5 | · | 5.3 | |
| P/B | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.7 | 0.6 | 0.7 | · | 0.8 | 0.8 | 0.7 | · | 0.7 | |
| P / Tangible Book | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.7 | 0.6 | 0.7 | · | 0.8 | 0.8 | 0.7 | · | 0.7 | |
| P / Cash Flow | · | -4.7 | · | · | · | 31.7 | · | · | · | 35.6 | · | · | · | 44.1 | · | · | |
| Dividend Yield | 13.5% | 12.6% | · | 17.9% | 19.0% | 21.8% | · | 16.7% | 19.1% | 18.5% | · | 14.9% | 14.0% | 15.0% | · | 12.2% | |
| Earnings Yield | 24.0% | 22.5% | · | 23.9% | 22.6% | 23.3% | · | 15.4% | 16.2% | 14.5% | · | 11.3% | 10.6% | 11.9% | · | 10.3% | |
| Payout Ratio | · | -87.9% | · | · | · | 149.0% | · | · | · | -147.9% | · | · | · | -300.5% | · | · | |
| Annual Payout | $34M | $34M | · | $44M | $50M | $55M | · | $64M | $69M | $75M | · | $77M | $77M | $74M | · | $69M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $55M | $70M | $93M | $107M | $102M |
| Net Income | $-902.0K | $-35M | $-39M | $30M | $60M |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 153 filers · $127.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
153
Value held
$127.2M
New positions
20
Exited positions
12
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 20 (-3 vs prior Q) | 12 (-17 vs prior Q) | 48 (+1 vs prior Q) | 52 (+6 vs prior Q) | +663K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $21,024,417 | 4,672,092 | 16.52% | Shares |
| VANGUARD GROUP INC | $14,603,665 | 3,055,160 | 11.48% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $10,866,294 | 2,414,732 | 8.54% | Shares |
| Lighthouse Investment Partners, LLC | $7,033,721 | 1,563,049 | 5.53% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,485,043 | 1,440,675 | 5.10% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $6,087,744 | 1,352,832 | 4.78% | Shares |
| STATE STREET CORP | $5,577,349 | 1,200,961 | 4.38% | Shares |
| North Ground Capital | $5,544,000 | 1,232,000 | 4.36% | Shares |
| CURA WEALTH ADVISORS, LLC | $4,059,689 | 902,153 | 3.19% | Shares |
| Focus Partners Wealth | $2,822,749 | 627,277 | 2.22% | Shares |
| VAN ECK ASSOCIATES CORP | $2,698,322 | 599,627 | 2.12% | Shares |
| NORTHERN TRUST CORP | $2,671,741 | 593,720 | 2.10% | Shares |
| Alpine Global Management, LLC | $2,190,902 | 486,867 | 1.72% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $2,167,124 | 481,583 | 1.70% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,995,480 | 443,440 | 1.57% | Shares |
| Dana Investment Advisors, Inc. | $1,940,819 | 431,293 | 1.53% | Shares |
| MORGAN STANLEY | $1,675,547 | 372,343 | 1.32% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,644,723 | 365,494 | 1.29% | Shares |
| Delphi Financial Group, Inc. | $1,507,217 | 334,937 | 1.18% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,251,000 | 278,000 | 0.98% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $1,136,147 | 252,477 | 0.89% | Shares |
| JPMORGAN CHASE & CO | $1,101,254 | 242,567 | 0.87% | Shares |
| Ardent Capital Management, Inc. | $981,400 | 218,089 | 0.77% | Shares |
| Quantinno Capital Management LP | $962,360 | 213,857 | 0.76% | Shares |
| GOLDMAN SACHS GROUP INC | $921,290 | 204,731 | 0.72% | Shares |
| Almitas Capital LLC | $814,293 | 180,954 | 0.64% | Shares |
| TWO SIGMA INVESTMENTS, LP | $798,345 | 177,410 | 0.63% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $792,990 | 176,220 | 0.62% | Shares |
| Bank of New York Mellon Corp | $719,075 | 159,794 | 0.57% | Shares |
| WELLS FARGO & COMPANY/MN | $702,902 | 156,200 | 0.55% | Shares |
| Odyssean, LLC | $658,890 | 146,420 | 0.52% | Shares |
| UBS Group AG | $605,705 | 134,601 | 0.48% | Shares |
| AMERIPRISE FINANCIAL INC | $569,725 | 126,583 | 0.45% | Shares |
| Advisors Asset Management, Inc. | $520,193 | 108,827 | 0.41% | Shares |
| Invesco Ltd. | $484,754 | 107,723 | 0.38% | Shares |
| Nuveen, LLC | $459,536 | 102,119 | 0.36% | Shares |
| Access Investment Management LLC | $455,400 | 101,200 | 0.36% | Shares |
| MAI Capital Management | $428,512 | 92,155 | 0.34% | Shares |
| JANE STREET GROUP, LLC | $415,350 | 92,300 | 0.33% | Call option |
| BANK OF AMERICA CORP /DE/ | $380,264 | 84,503 | 0.30% | Shares |
| Samalin Investment Counsel, LLC | $369,096 | 82,021 | 0.29% | Shares |
| TWO SIGMA ADVISERS, LP | $358,500 | 75,000 | 0.28% | Shares |
| Atom Investors LP | $357,372 | 79,416 | 0.28% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $355,690 | 79,043 | 0.28% | Shares |
| ALLIANCEBERNSTEIN L.P. | $316,800 | 66,000 | 0.25% | Shares |
| RHUMBLINE ADVISERS | $304,891 | 67,754 | 0.24% | Shares |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | $282,434 | 62,763 | 0.22% | Shares |
| CITADEL ADVISORS LLC | $280,800 | 62,400 | 0.22% | Call option |
| GRATIA CAPITAL, LLC | $247,752 | 55,056 | 0.19% | Shares |
| Farther Finance Advisors, LLC | $244,447 | 54,212 | 0.19% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Antony P. Ressler ×5 filings | June 25, 2021 | · | Initial filing | Passive investment | SEC |
| Ares Investments Holdings LLC, Ares Investments LLC, Ares Partners Management Company LLC ×3 filings | Dec. 24, 2013 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 25 insiders · 10 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Bryan Patrick Donohoe | Chief Executive Officer | Jan. 14, 2026 S | 250,197 | 0 | 1 | $-107,282 |
| Todd Schuster | Chief Executive Officer | May 12, 2015 P | 12,500 | 0 | 0 | $0 |
| John Bartling | Co-Chief Executive Officer | June 20, 2013 P | 35,722 | 0 | 0 | $0 |
| Jeffrey Michael Gonzales | CFO and Treasurer | Jan. 14, 2026 S | 88,533 | 0 | 1 | $-30,655 |
| Richard S Davis | Chief Financial Officer | June 6, 2012 P | 5,000 | 0 | 0 | $0 |
| Bruce R Cohen | President and COO | June 20, 2013 P | 35,000 | 0 | 0 | $0 |
| Tae Sik Yoon | Chief Operating Officer | Dec. 11, 2025 A | 289,153 | 0 | 0 | $0 |
| Anton Feingold | Gen. Counsel VP and Secretary | Jan. 14, 2026 S | 92,754 | 0 | 1 | $-37,498 |
| Robert L Rosen | Interim Co-Chief Exec Officer | May 10, 2017 P | 66,002 | 0 | 0 | $0 |
| Michael D Weiner | Vice Pres. and General Counsel | Dec. 23, 2013 J | 6,771 | 0 | 0 | $0 |
| Rebecca Jaisali Parekh | Director | April 29, 2026 A | 77,258 | 0 | 0 | $0 |
| Edmond N. Moriarty III | Director | April 29, 2026 A | 98,905 | 0 | 0 | $0 |
| Rand Scott April | Director | April 29, 2026 A | 18,879 | 0 | 0 | $0 |
| Caroline Blakely | Director | April 29, 2026 A | 50,495 | 0 | 0 | $0 |
| William Browning | Director | April 29, 2026 A | 25,053 | 0 | 0 | $0 |
| James E Skinner | Director | April 29, 2026 A | 116,217 | 0 | 0 | $0 |
| William Stephen Benjamin | Director | Feb. 23, 2022 P | 36,596 | 0 | 0 | $0 |
| Michael J Arougheti | Director | March 16, 2020 P | 409,776 | 0 | 0 | $0 |
| James Alan Henderson | Director | Feb. 21, 2020 S | 22,401 | 0 | 0 | $0 |
| John Hope Bryant | Director | June 27, 2016 A | 22,270 | 0 | 0 | $0 |
| Michael Diamond | Director | June 24, 2015 A | 18,002 | 0 | 0 | $0 |
| Paul G. Joubert | Director | June 24, 2014 A | 30,684 | 0 | 0 | $0 |
| Jeffrey T. Hinson | Director | June 24, 2014 A | 10,684 | 0 | 0 | $0 |
| Brett W White | Director | June 24, 2014 A | 10,864 | 0 | 0 | $0 |
| Kirk Sykes | · | May 14, 2018 A | 11,739 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 16 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IWC · iShares Trust | 0.05% | 178,551 SH | Sept. 11, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 49,422 NS | July 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 46,670 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 307,242 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 60,013 | Oct. 1, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 1,351,450 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 25,498 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 3,320 | Oct. 1, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 106,769 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 11,407 SH | Sept. 4, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 641,934 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,714,873 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,620 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.00% | 84,908 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 506,860 SH | Sept. 11, 2026 | Daily |
| REM · iShares Trust | · | 663,359 SH | Sept. 11, 2026 | Daily |
ACRE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 13 analysts
HOLD
Median target
$5.50
+43.6%
0 0.0%
Strong Buy
1 7.7%
Buy
7 53.8%
Hold
3 23.1%
Sell
2 15.4%
Strong Sell
12-Month Price Target
5 analysts · 2026-09-29Mean target $5.30 +38.4%
← Below all targets
Current price $3.83
Low$5.00
Mean$5.30
High$5.50
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ACRE | $263M | 4.4 | -21.3% | -1.6% | -0.17% | · |
| TRTX | $674M | 15.1 | -4.6% | 41.3% | 5.6% | · |
| RWT | · | · | · | · | · | · |
| KREF | $529M | -7.8 | -25.8% | -41.8% | -3.7% | · |
| NREF | $262M | 4.9 | 67.7% | 261.0% | 33.5% | · |
| REFI | $258M | 7.3 | · | 65.0% | 11.7% | · |
| MITT | · | · | · | · | · | · |
| RC | $355M | -1.5 | 3.0% | -217.3% | -13.1% | · |
| CMTG | $429M | -0.9 | -24.4% | -260.4% | -29.7% | · |
| AOMR | · | · | · | · | · | · |
| SEVN | $201M | 8.9 | -16.7% | 52.5% | 5.2% | · |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Source: SEC 10-Q filed Aug 4, 2026