Ares Commercial Real Estate (ACRE)
Market Price (4/8/2026): $4.935 | Market Cap: $271.2 MilSector: Financials | Industry: Mortgage REITs
Ares Commercial Real Estate (ACRE)
Market Price (4/8/2026): $4.935Market Cap: $271.2 MilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.9%, FCF Yield is 7.3% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 251% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 93%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 86% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -69% Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Digital & Alternative Assets, and E-commerce Logistics & Data Centers. Themes include Private Credit, E-commerce Logistics, Show more. | Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -84% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 376% Expensive valuation multiplesP/SPrice/Sales ratio is 12x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 17% Key risksACRE key risks include [1] a heavy portfolio concentration in the distressed office sector, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.9%, FCF Yield is 7.3% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 251% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 93%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 86% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -69% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, and E-commerce Logistics & Data Centers. Themes include Private Credit, E-commerce Logistics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -84% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 376% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 12x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Key risksACRE key risks include [1] a heavy portfolio concentration in the distressed office sector, Show more. |
Qualitative Assessment
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1. Mixed Q4 2025 Earnings Performance: Ares Commercial Real Estate reported a GAAP net loss of $0.07 per diluted share for Q4 2025, falling short of analyst forecasts. However, the company surpassed revenue expectations by 15.36%, reporting $13.22 million, and delivered distributable earnings of $0.15 per share, exceeding analyst consensus estimates. This divergence, with a GAAP loss contrasted by stronger operational metrics and a key non-GAAP profitability measure, led to an initial stock rally of 7.63% to $5.50 in pre-market trading, but was followed by a subsequent 15.6% drift downward over the following 41 days, ultimately contributing to the stock largely holding its level.
2. Strategic Portfolio Repositioning and Risk Management: The company actively managed its loan portfolio in 2025, reducing exposure to higher-risk office properties and increasing investments in residential and industrial loans. ACRE closed 13 new loan commitments totaling $486 million in the second half of 2025, with over half collateralized by residential and industrial assets, and collected $572 million in loan repayments during the year. This ongoing focus on de-risking and rebalancing the portfolio aims to enhance asset quality and financial flexibility, providing a stabilizing factor amidst a challenging commercial real estate landscape.
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Stock Movement Drivers
Fundamental Drivers
The 6.5% change in ACRE stock from 12/31/2025 to 4/8/2026 was primarily driven by a 253.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 4082026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.63 | 4.93 | 6.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 23 | 253.8% |
| P/S Multiple | 39.2 | 11.8 | -69.9% |
| Shares Outstanding (Mil) | 55 | 55 | -0.1% |
| Cumulative Contribution | 6.5% |
Market Drivers
12/31/2025 to 4/8/2026| Return | Correlation | |
|---|---|---|
| ACRE | 6.4% | |
| Market (SPY) | -5.4% | 35.2% |
| Sector (XLF) | -6.5% | 37.2% |
Fundamental Drivers
The 16.5% change in ACRE stock from 9/30/2025 to 4/8/2026 was primarily driven by a 367.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 4082026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.24 | 4.93 | 16.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 23 | 367.4% |
| P/S Multiple | 47.3 | 11.8 | -75.0% |
| Shares Outstanding (Mil) | 55 | 55 | -0.2% |
| Cumulative Contribution | 16.5% |
Market Drivers
9/30/2025 to 4/8/2026| Return | Correlation | |
|---|---|---|
| ACRE | 16.3% | |
| Market (SPY) | -2.9% | 22.9% |
| Sector (XLF) | -4.6% | 36.7% |
Fundamental Drivers
The 20.8% change in ACRE stock from 3/31/2025 to 4/8/2026 was primarily driven by a -0.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312025 | 4082026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.08 | 4.93 | 20.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -15 | 23 | -250.6% |
| P/S Multiple | -14.6 | 11.8 | -180.9% |
| Shares Outstanding (Mil) | 54 | 55 | -0.8% |
| Cumulative Contribution | 20.8% |
Market Drivers
3/31/2025 to 4/8/2026| Return | Correlation | |
|---|---|---|
| ACRE | 20.7% | |
| Market (SPY) | 16.3% | 40.4% |
| Sector (XLF) | 3.8% | 44.0% |
Fundamental Drivers
The -18.5% change in ACRE stock from 3/31/2023 to 4/8/2026 was primarily driven by a -79.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4082026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.06 | 4.93 | -18.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 109 | 23 | -79.0% |
| P/S Multiple | 3.0 | 11.8 | 290.6% |
| Shares Outstanding (Mil) | 54 | 55 | -0.9% |
| Cumulative Contribution | -18.5% |
Market Drivers
3/31/2023 to 4/8/2026| Return | Correlation | |
|---|---|---|
| ACRE | -18.6% | |
| Market (SPY) | 63.3% | 41.0% |
| Sector (XLF) | 66.3% | 44.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ACRE Return | 34% | -20% | 16% | -34% | -8% | 3% | -23% |
| Peers Return | 29% | -17% | 20% | -7% | 9% | -5% | 25% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 76% |
Monthly Win Rates [3] | |||||||
| ACRE Win Rate | 67% | 42% | 50% | 42% | 33% | 25% | |
| Peers Win Rate | 62% | 48% | 53% | 53% | 55% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ACRE Max Drawdown | -5% | -24% | -22% | -36% | -39% | -3% | |
| Peers Max Drawdown | -4% | -25% | -17% | -18% | -8% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: STWD, BXMT, ARI, KREF, LADR. See ACRE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/8/2026 (YTD)
How Low Can It Go
| Event | ACRE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -52.4% | -25.4% |
| % Gain to Breakeven | 110.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -75.7% | -33.9% |
| % Gain to Breakeven | 311.2% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -11.8% | -19.8% |
| % Gain to Breakeven | 13.4% | 24.7% |
| Time to Breakeven | 59 days | 120 days |
Compare to STWD, BXMT, ARI, KREF, LADR
In The Past
Ares Commercial Real Estate's stock fell -52.4% during the 2022 Inflation Shock from a high on 4/14/2022. A -52.4% loss requires a 110.1% gain to breakeven.
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About Ares Commercial Real Estate (ACRE)
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Here are 1-3 brief analogies for Ares Commercial Real Estate (ACRE):
- It's like Wells Fargo for commercial real estate loans.
- Think of it as Goldman Sachs' commercial real estate lending division, but as a dedicated public company.
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- Senior Mortgage Loans: Primary debt instruments secured by commercial real estate properties.
- Subordinate Debt Products: Loans that hold a lower repayment priority compared to senior debt.
- Mezzanine Loans: Hybrid financing solutions that combine characteristics of both debt and equity for commercial real estate projects.
- Real Estate Preferred Equity Investments: Equity investments that provide preferential rights in dividend payments and asset liquidation.
- Commercial Mortgage-Backed Securities (CMBS): Investments in diversified pools of commercial real estate mortgages.
- Other CRE Investments: Various additional investment vehicles related to commercial real estate.
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Ares Commercial Real Estate (ACRE) sells its financing solutions primarily to other companies and business entities. Due to the nature of commercial real estate lending, ACRE's specific borrowers (its customers) are generally not publicly disclosed. However, based on the company's description, its major customers fall into the following categories:- Owners of Commercial Real Estate (CRE) Properties: These are typically institutional investors, real estate funds, or private companies that own and hold commercial properties such as office buildings, multi-family residential complexes, industrial facilities, and retail centers. They seek financing for acquisitions, refinancing, or capital improvements.
- Operators of CRE Properties: Companies that manage and operate commercial real estate assets often look for financing solutions to optimize their property portfolios, fund operational enhancements, or support strategic growth initiatives.
- Sponsors of CRE Properties: This category includes real estate developers, private equity firms, and other institutional sponsors who initiate and manage commercial real estate projects. They require various forms of debt and equity financing (senior mortgage loans, mezzanine loans, preferred equity) for property development, value-add acquisitions, and repositioning strategies.
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Bryan Donohoe Chief Executive Officer and Director
Mr. Donohoe was appointed Chief Executive Officer in December 2019. He also serves as a Partner and Head of US Debt in Ares Real Estate, and is a member of the Ares Real Estate Global and Debt Investment Committees. Prior to joining Ares in 2019, Mr. Donohoe was a Managing Director for Commercial Real Estate Debt at AllianceBernstein. From 2010 to 2013, he was a Senior Professional at Ranieri Real Estate Partners. He also spent approximately 10 years at Deutsche Bank, where he focused on originating, structuring, and closing first mortgage loans. As part of Ares Management, a global alternative investment manager, he is involved with a company associated with private equity activities.
Jeffrey Michael Gonzales Chief Financial Officer, Treasurer and Principal Accounting Officer
Mr. Gonzales is a Managing Director in the Ares Finance and Accounting Department. He was appointed Chief Financial Officer effective August 30, 2024, having previously served as Controller. Before joining Ares in 2013, Mr. Gonzales worked in the Financial Services Assurance Practice of Deloitte & Touche LLP. He is a Certified Public Accountant. As part of Ares Management, a global alternative investment manager, he is involved with a company associated with private equity activities.
Tae-Sik Yoon Chief Operating Officer
Mr. Yoon was appointed Chief Operating Officer effective August 30, 2024, after having served as Chief Financial Officer and Treasurer since July 2012. He is also a Partner and Chief Financial Officer of Ares Real Estate and Private Equity Groups and serves on the Ares Real Estate Global and Debt Investment Committees. Prior to joining Ares in 2012, Mr. Yoon was a Senior Vice President of Akridge and held various positions at J.E. Robert Companies, Inc., including Managing Director and Chief Financial Officer. He also worked in the real estate investment banking group at Morgan Stanley & Co. and was an attorney at Williams & Connolly LLP.
Carl G. Drake Partner, Senior Advisor
Mr. Drake is a Partner and Senior Advisor in the Ares Public Markets Investor Relations Group. He formerly served as Head of Public Markets Investor Relations and Corporate Communications. Prior to joining Ares in 2008, he was a Managing Director in Equity Research at SunTrust Robinson Humphrey, where he covered financial services companies, and earlier served as a Vice President in Investment Banking. Additionally, Mr. Drake served as a Vice President at Creditanstalt Corporate Finance Inc., an Assistant Vice President at General Electric Capital Corporation, and a Financial Analyst at Metropolitan Life.
Andrew Holm Partner, Head of U.S. Diversified Equity for Ares Real Estate
Mr. Holm is a Partner in the Ares Real Estate Group, where he serves as a Co-Portfolio Manager of the U.S. opportunity funds and leads the group's equity investment activities. He also serves as a member of the Ares Real Estate Global and the Real Estate Debt Investment Committees. Prior to joining Ares in 2013, Mr. Holm was a Principal at AREA Property Partners, where he focused on sourcing and executing real estate investments across asset classes for AREA's equity and mezzanine debt businesses. Previously, he was an Analyst at Lazard in the real estate investment banking group.
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```htmlKey Risks to Ares Commercial Real Estate (ACRE)
- Declining Commercial Real Estate Values and Increased Defaults: Ares Commercial Real Estate faces significant risks due to a potential global economic slowdown and declines in overall real estate values, which could impair its investments and adversely affect business operations. The commercial real estate (CRE) market has experienced strains from the rise in remote work, increasing interest rates, and declining property prices, making it difficult for borrowers to repay their loans and potentially leading to losses for lenders like ACRE. Rising delinquencies and defaults in commercial real estate are a growing concern.
- Exposure to the Distressed Office Property Sector: A significant portion of ACRE's portfolio has a heavy concentration in the office property sector, which is currently distressed. Office properties are particularly vulnerable due to the ongoing impact of increased remote work, leading to higher vacancy rates and a greater likelihood of defaults. In 2023, office loans constituted 37% of ACRE's portfolio. The challenges in the office market continue to be significant due to changes in work patterns and lifestyles.
- Interest Rate Fluctuations and High Leverage: The company is exposed to risks from changes in interest rates and credit spreads, which can impact its financial condition. Rising interest rates can increase ACRE's financing costs and reduce income from its floating-rate investments, thereby affecting its net interest margins. Furthermore, high debt levels contribute to ACRE's poor financial strength, with a debt-to-equity ratio of 1.56, indicating significant leverage that poses risks in a volatile market environment.
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Ares Commercial Real Estate Corporation (ACRE) operates within the U.S. commercial real estate (CRE) finance market, originating and investing in various debt and equity products. The addressable markets for its main products and services are as follows:
- Overall Commercial Real Estate (CRE) Debt Market: The total outstanding commercial/multifamily mortgage debt in the United States reached approximately $4.81 trillion at the end of the first quarter of 2025. As of the second quarter of 2025, total outstanding commercial real estate debt stood at $4.8 trillion. Commercial banks hold the largest share of these mortgages, at $1.8 trillion, representing 38% of the total, as of Q1 2025.
- Senior Mortgage Loans: As a primary component of the CRE debt market, senior mortgage loans are part of the overall commercial mortgage debt outstanding. In 2024, first liens accounted for 92% of the dollar volume closed by commercial mortgage bankers, with total CRE mortgage borrowing and lending estimated at $498 billion.
- Mezzanine Loans, Subordinate Debt Products, and Real Estate Preferred Equity Investments: These products fall under the broader category of mezzanine finance or junior capital. The global mezzanine finance market was valued at approximately $197.52 billion in 2024 and is projected to grow to $212.58 billion in 2025. North America represents the largest market for mezzanine finance, accounting for approximately 60% of the global share.
- Commercial Mortgage-Backed Securities (CMBS): The U.S. CMBS market had a market capitalization of around $1.8 trillion as of December 31, 2025. As of the first quarter of 2025, CMBS, collateralized debt obligation (CDO), and other asset-backed securities (ABS) issues held $642 billion (13%) of commercial/multifamily mortgages in the U.S. Additionally, domestic, private-label CMBS issuance increased to $125.6 billion in 2025.
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Expected Drivers of Future Revenue Growth for Ares Commercial Real Estate (ACRE)
Over the next 2-3 years, Ares Commercial Real Estate (ACRE) anticipates several key drivers to fuel its revenue growth:
- Increased Loan Origination and Portfolio Expansion: ACRE has resumed investment activity, with significant new loan commitments in 2025, particularly in residential and industrial properties, leading to portfolio growth. The company aims to expand its loan portfolio to approximately $2 billion, with expectations for net portfolio growth of $500 million to $700 million in 2026.
- Resolution of Risk-Rated Loans and Portfolio Repositioning: A key focus for ACRE is the resolution of its risk-rated 4 and 5 loans, including specific assets like the Brooklyn residential condo project, with sales anticipated to begin in 2026. This strategy is expected to free up capital and allow for reinvestment, significantly contributing to future earnings growth.
- Strategic Shift Towards Residential and Industrial Properties: ACRE is actively rebalancing its portfolio by prioritizing originations in non-office sectors, such as residential, industrial, and self-storage, due to their enhanced risk-adjusted return potential. The company has reduced its office loan exposure and plans no new commitments for office properties, aiming to return the portfolio mix to historically higher percentages of multifamily assets.
- Increased Leverage to Support Investment Activity: Management has indicated a strategy to increase leverage to 2.0x in the near term and target a long-term debt-to-equity ratio of 3.0x. This increased leverage is intended to support continued investment in new loans and help the company achieve its historical return on equity.
- Leveraging the Broader Ares Real Estate Platform and Co-investment Opportunities: ACRE plans to continue benefiting from the extensive capabilities, scale, and debt capacity of the broader Ares real estate platform. A significant portion of its new loan commitments in 2025 were co-investments alongside other Ares-affiliated vehicles, a strategy expected to enhance sourcing and credit capabilities for future growth.
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Share Repurchases
- Ares Commercial Real Estate extended its stock repurchase program, authorizing up to $50 million in share repurchases until July 31, 2026.
- No shares were repurchased during 2025.
Share Issuance
- In 2021, the company raised accretive equity to support increased investment activity and enhance earnings.
- In the third quarter of 2021, ACRE fully deployed proceeds from its June equity offering, which enabled a more than 30% growth in its loan portfolio.
- Shares outstanding were 55,026,453 as of November 4, 2025.
Inbound Investments
- More than 60% of commitments originated in fiscal year 2025 were co-invested alongside other Ares managed funds.
- More than half of the dollars committed in new loans in 2025 represented co-investment opportunities alongside other Ares management affiliated vehicles, leveraging the broader Ares real estate platform.
- ACRE is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a global alternative investment manager with approximately $623 billion of assets under management as of December 31, 2025.
Outbound Investments
- Ares Commercial Real Estate closed a record $1.4 billion of new loan commitments in 2021.
- In 2025, ACRE closed 13 new loan commitments totaling $486 million, with over 50% collateralized by residential and industrial properties.
- In the fourth quarter of 2025, the company closed eight new loan commitments totaling $393 million, contributing to a portfolio balance of $1.6 billion, a 24% increase versus year-end 2024.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.37 |
| Mkt Cap | 1.4 |
| Rev LTM | 242 |
| Op Inc LTM | - |
| FCF LTM | 77 |
| FCF 3Y Avg | 124 |
| CFO LTM | 115 |
| CFO 3Y Avg | 170 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.8% |
| Rev Chg 3Y Avg | -9.0% |
| Rev Chg Q | 13.7% |
| QoQ Delta Rev Chg LTM | 3.6% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 58.2% |
| CFO/Rev 3Y Avg | 79.0% |
| FCF/Rev LTM | 54.5% |
| FCF/Rev 3Y Avg | 64.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.4 |
| P/S | 5.9 |
| P/EBIT | - |
| P/E | 13.7 |
| P/CFO | 11.1 |
| Total Yield | 13.9% |
| Dividend Yield | 10.2% |
| FCF Yield 3Y Avg | 9.4% |
| D/E | 4.4 |
| Net D/E | 4.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.9% |
| 3M Rtn | 2.4% |
| 6M Rtn | 4.5% |
| 12M Rtn | 18.4% |
| 3Y Rtn | 38.9% |
| 1M Excs Rtn | 1.1% |
| 3M Excs Rtn | 2.8% |
| 6M Excs Rtn | 4.4% |
| 12M Excs Rtn | -22.2% |
| 3Y Excs Rtn | -30.2% |
Price Behavior
| Market Price | $4.93 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 04/26/2012 | |
| Distance from 52W High | -10.9% | |
| 50 Days | 200 Days | |
| DMA Price | $4.91 | $4.55 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 0.4% | 8.3% |
| 3M | 1YR | |
| Volatility | 38.9% | 41.3% |
| Downside Capture | 0.15 | 0.48 |
| Upside Capture | 94.23 | 106.51 |
| Correlation (SPY) | 35.7% | 37.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.91 | 1.02 | 1.06 | 0.70 | 0.91 | 1.03 |
| Up Beta | -2.35 | 0.47 | 0.61 | -0.14 | 0.67 | 0.81 |
| Down Beta | 0.93 | 2.27 | 2.39 | 1.67 | 1.14 | 1.17 |
| Up Capture | 189% | 76% | 72% | 59% | 104% | 83% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 19 | 30 | 53 | 114 | 364 |
| Down Capture | 78% | 66% | 37% | 33% | 99% | 105% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 22 | 32 | 65 | 125 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACRE | |
|---|---|---|---|---|
| ACRE | 38.5% | 42.0% | 0.88 | - |
| Sector ETF (XLF) | 17.1% | 17.2% | 0.75 | 42.0% |
| Equity (SPY) | 28.9% | 17.3% | 1.35 | 37.6% |
| Gold (GLD) | 56.6% | 27.9% | 1.61 | -4.0% |
| Commodities (DBC) | 24.9% | 16.8% | 1.29 | 2.8% |
| Real Estate (VNQ) | 13.8% | 15.6% | 0.63 | 50.9% |
| Bitcoin (BTCUSD) | -14.5% | 44.2% | -0.23 | 24.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACRE | |
|---|---|---|---|---|
| ACRE | -7.5% | 35.4% | -0.14 | - |
| Sector ETF (XLF) | 10.3% | 18.7% | 0.43 | 50.1% |
| Equity (SPY) | 11.6% | 17.0% | 0.53 | 49.0% |
| Gold (GLD) | 22.3% | 17.8% | 1.03 | 8.4% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 17.0% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 56.9% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 21.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACRE | |
|---|---|---|---|---|
| ACRE | 3.3% | 45.0% | 0.24 | - |
| Sector ETF (XLF) | 12.9% | 22.2% | 0.53 | 51.9% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 46.6% |
| Gold (GLD) | 14.1% | 15.9% | 0.74 | 2.2% |
| Commodities (DBC) | 8.4% | 17.6% | 0.40 | 20.2% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 59.1% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 17.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/10/2026 | 11.7% | 2.0% | -1.6% |
| 11/7/2025 | 12.7% | 8.5% | 15.6% |
| 8/5/2025 | -0.5% | 5.8% | 20.7% |
| 5/7/2025 | 3.0% | 2.6% | 2.3% |
| 2/12/2025 | -12.2% | -16.3% | -22.8% |
| 11/7/2024 | 10.2% | 9.7% | 8.8% |
| 8/6/2024 | -3.0% | -4.7% | -0.3% |
| 5/9/2024 | -1.6% | -1.6% | 1.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 14 |
| # Negative | 9 | 9 | 10 |
| Median Positive | 3.9% | 3.3% | 6.5% |
| Median Negative | -3.0% | -3.3% | -1.8% |
| Max Positive | 14.0% | 52.4% | 41.5% |
| Max Negative | -12.2% | -16.3% | -23.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/10/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Dividends | 0.15 | 0 | Same New | Actual: 0.15 for Q4 2025 | |||
Prior: Q3 2025 Earnings Reported 11/7/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Dividends | 0.15 | 0 | Same New | Actual: 0.15 for Q3 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Feingold, Anton | Gen. Counsel VP and Secretary | Direct | Sell | 2042025 | 5.68 | 7,615 | 43,263 | 445,187 | Form |
| 2 | Gonzales, Jeffrey Michael | CFO and Treasurer | Direct | Sell | 2042025 | 5.68 | 4,020 | 22,839 | 288,337 | Form |
| 3 | Donohoe, Bryan Patrick | Chief Executive Officer | Direct | Sell | 2042025 | 5.68 | 23,465 | 133,230 | 1,243,149 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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