ACRE
Ares Commercial Real Estate Corporation
ACRE's fundamentals are mixed, but it looks expensive: trading at 174x earnings, about 13 times its usual 13x. Analysts expect strong earnings growth.
ACRE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
ACRE's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like ACRE.
ACRE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.2x | $0.18 | -95% |
| Forward | 11x | $3.47 | — |
| Fair | 13x | $0.26 | -93% |
| Expensive | 25x | $0.49 | -86% |
| Current | 174x | $3.47 | — |
Historical ranges are pointers, not guarantees.
ACRE's PE is in its expensive range at 174x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
ACRE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for ACRE, with profitability improving.
ACRE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.32 | +1510% |
| Q3 2026 | $0.02 | +$0.16 |
| Q2 2026 | -$0.08 | +$0.25 |
| Q1 2026 | -$0.36 | -$0.12 |
| Q4 2025 | -$0.02 | +$0.62 |
| Q3 2025 | -$0.14 | +$1.04 |
| Q2 2025 | -$0.33 | +$0.57 |
| Q1 2025 | -$0.24 | +$0.59 |
| Q4 2024 | -$0.64 | +$0.08 |
ACRE has returned to profit: it earned $0.02 per share over the past year, after losing money the year before.
ACRE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $13.5M | -4.2% |
| Q2 2026 | $14.4M | +14% |
| Q1 2026 | $13.5M | -10% |
| Q4 2025 | $13.2M | -25% |
| Q3 2025 | $14.1M | -15% |
| Q2 2025 | $12.6M | -25% |
| Q1 2025 | $14.9M | -20% |
| Q4 2024 | $17.5M | -0.2% |
ACRE's revenue has slid since its 2022 peak: $14M last quarter, down 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 74% | +42 points |
| Q2 2026 | 31% | +119 points |
| Q1 2026 | -71% | -136 points |
| Q4 2025 | -29% | +32 points |
| Q3 2025 | 33% | +68 points |
| Q2 2025 | -88% | -51 points |
| Q1 2025 | 64% | +130 points |
| Q4 2024 | -61% | +164 points |
ACRE's operating margin was 74% last quarter, up 41 points from the same quarter a year ago.
ACRE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.1M | -46% |
| Q2 2026 | $63.5M | +1202% |
| Q1 2026 | -$56.6M | -807% |
| Q4 2025 | $4.6M | -35% |
| Q3 2025 | $3.8M | -54% |
| Q2 2025 | $4.9M | -44% |
| Q1 2025 | $8M | -30% |
| Q4 2024 | $7.1M | -30% |
ACRE's free cash flow was $14M over the past year, down 43% from the year before. Free cash flow isn't a meaningful measure for real estate companies like ACRE.
ACRE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +30.6K shares |
| 1 year | +1.1% | +610K shares |
| 3 years | +2.9% | +1.6M shares |
| 5 years | +19% | +9.2M shares |
| Available history | +95% | +27.5M shares |
ACRE has 56M diluted shares, up 1.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
ACRE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 202.9x | High |
| Q2 2026 | 969.4x | High |
| Q4 2025 | 117.4x | High |
| Q3 2025 | 396.1x | High |
| Q4 2022 | 27.1x | High |
| Q3 2022 | 17.3x | High |
| Q2 2022 | 15.7x | High |
| Q1 2022 | 12.1x | High |
ACRE's net debt is more than 20 years of its operating earnings (EBITDA), up from more than 20 years a year ago. Net leverage isn't a meaningful measure for real estate companies like ACRE.
ACRE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.9 | Neutral |
| Stochastic | 19.3 | Oversold |
ACRE's weekly RSI is 34 (neutral) and its Stochastic is 19 (oversold).
ACRE PE vs Real Estate Sector
| Metric | ACRE | Sector median | Relative |
|---|---|---|---|
| PE | 174x | 24x | 626% above |
| PE % | 92 | 23 | 69 pts above |
ACRE is trading at 174x earnings, a 626% premium to the Real Estate sector's median of 24x.
ACRE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.61 | 3.9% below |
| 20 week MA | $4.18 | 17% below |
| 50 week MA | $4.66 | 26% below |
| 100 week MA | $4.76 | 27% below |
| 200 week MA | $6.74 | 49% below |
ACRE is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
ACRE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.0 | $12.2 | -24% |
| 2021 | $12.2 | $14.8 | +21% |
| 2022 | $14.8 | $10.9 | -26% |
| 2023 | $10.9 | $10.4 | -5.3% |
| 2024 | $10.4 | $6.11 | -41% |
| 2025 | $6.11 | $5.04 | -18% |
| 2026 YTD | $5.04 | $3.47 | -31% |
ACRE has finished four years in a row lower, and it's down 31% so far in 2026.