Ares Commercial Real Estate makes and holds loans backed by commercial property. Borrowers’ payments provide income, while the cost of financing those loans and any credit losses determine what can reach common shareholders.
Business
Commercial-mortgage REIT
Listing
ACRE · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Quarterly
How the business works
Ares earns interest and fees from commercial property loans. It pays financing and operating costs and absorbs realized credit losses before earnings are available to common shareholders. Its distributable-earnings measure is the relevant one to compare with the regular dividend for the same quarter.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Distributable earnings per share$0.12
Apr 1, 2026 to Jun 30, 2026
Dividend yield17.60%Current regular dividend rate divided by the 2026-10-26 closing price.Earnings yield12.61%2025 Q3 through 2026 Q2 earnings divided by the dated closing price.Trailing four-quarter earnings$0.432025 Q3 through 2026 Q2; Distributable earnings per share.Annual dividend rate$0.60The latest regular payment rate expressed over a year. Extra dividends are excluded; future payments can change.Reported annual coverage71.67%Earnings and regular dividends from 2025 Q3 through 2026 Q2.
Dividend payment history
Date or month
Per share
Sep 30, 2026 (ex-dividend)
$0.15
Jun 30, 2026 (ex-dividend)
$0.15
Mar 31, 2026 (ex-dividend)
$0.15
Dec 31, 2025 (ex-dividend)
$0.15
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
The June 2026 report shows $0.12 of distributable earnings per common share and a $0.15 regular dividend for that quarter. The standard accounting figure is a separate reported measure, not another component to add to distributable earnings.
Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At 2026-06-30, Ares Commercial Real Estate Corporation reported $1.817 billion of total assets and $1.328 billion of total liabilities.
Liabilities represented 73.1% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.
For 2026-04-01 to 2026-06-30, Ares Commercial Real Estate Corporation reported $14.356 million of reported revenue, $4.383 million of gaap net income.
Each bar is a separately reported statement measure for the same quarter; the bars are not additive. GAAP net income is not substituted for distributable earnings or funds from operations. A maintained dividend must be assessed against the company’s relevant recurring earnings measure and financing requirements.
Ares Commercial Real Estate Corporation reported $0.0800 per share for 2026-04-01 to 2026-06-30, measured as Reported GAAP diluted earnings per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to borrower defaults, collateral values and credit-loss provisions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next quarter’s distributable earnings with its regular dividend. Then check loan repayments, credit losses, new lending and borrowing costs for the reasons behind any change.
Fly High context
Ares has an understandable income engine: lend against property and keep the spread after costs. Right now that spread has not produced the full regular dividend in the latest matched quarter. The next comparable earnings report will tell us whether the gap is closing.
Public Research notes and limitations
No independent forward earnings forecast is asserted. Annualized earnings is a separately labelled estimate based on the latest reported quarter.
Reported GAAP EPS remains separate from non-GAAP distributable earnings. Quarterly histories use actual periods and include reported losses.
Dividend history labels identify the declared quarter, not the payment date. Future declared payments are not guaranteed.
The final company notice classifies all $0.70 per common share allocated to 2025 as nondividend distributions (return of capital).
Ordinary, nonqualified
0%
Qualified dividends
0%
Capital-gain distributions
0%
Return of capital
100%
Tax year: 2025. Total distributions: $0.70 per share.
Tax details and source
Total ordinary dividends (includes qualified)
0%
Section 199A portion (within ordinary dividends)
0%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-30
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
