Short answer
Ares Commercial Real Estate Corp (ACRE) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $13M (down 10.0% year over year) with net income of −$10M.
Q1 2026 key financials · XBRL
- Revenue
- $13M
- −10.0% YoY
- Net income
- −$10M
- −202.8% YoY
Source: XBRL data from the Ares Commercial Real Estate Corp (ACRE) Q1 2026 10-Q on SEC EDGAR. USD.
Ares Commercial Real Estate Corp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $13.5M vs $14.9M YoY, down $1.5M
- Net loss $9.6M vs net income $9.3M YoY, including $11.1M CECL provision and $3.3M realized loan losses
- Best property revenue: Florida mixed-use $3.2M vs $3.3M; North Carolina office $2.7M vs $2.4M
- Operating cash flow $(56.6)M vs $8.0M YoY; investing cash flow $(89.8)M vs $298.7M
- Liquidity $101M as of May 4, including $24M cash and $77M facility availability; office challenges and borrower payment delays remained headwinds
Risk Factors
- Risk Factors section not provided in the submitted text
- Repurchase program exposure: $50.0 million remained available as of March 31, 2026
- Liquidity flexibility risk: repurchases may be modified or suspended at management’s discretion
- Financing documentation change: Credit Agreement Amendment Number Twelve dated March 10, 2026
- Repurchase-market exposure: Master Repurchase Agreement amended March 24, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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