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/ACRE
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Ares Commercial Real Estate Corp

Ares Commercial Real Estate Corp

ACRE
$4.62USD↓-1.70%-0.08 today

MARKET CAP

256.3M

P/E (TTM)

—

FWD P/E

9.8x

DAY RANGE

$5 – $5

52W RANGE

$4
$6

AI Summary

Stalk
TrimMedium

ACRE remains in Stage 3 distribution with a confirmed sequence of lower highs and lower lows beneath declining EMAs. The medium-term bias is firmly bearish with no structural repair, and the post-reversion pattern lacks mean reversion eligibility. Price is extended below the EMAs with oversold RSI, making fresh sell entries unfavorable. We defer sell-side execution until a rally into the 9/21 EMA zone or broken support area offers a clear rejection-based trim opportunity.

  • ↑Dividend yield at 3.87% but payout ratio under scrutiny
  • ↑Loan portfolio grew to $1.7 B, up $110 M QoQ driven by non-office assets
  • ↓Reported Q1 GAAP net loss of $9.6 M, or $0.17/share
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The case for & against

Bull & Bear analysis

Bearish

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a specialty finance company focused on providing real estate loans backed by diverse property types, including multifamily, industrial, and self-storage assets. With a strategic emphasis on loan origination and portfolio management, ACRE is positioned to capitalize on evolving market dynamics and leverage the strengths of its parent, Ares Management Corporation. Currently navigating through a fluctuating commercial real estate market, ACRE's operational strategy aims to enhance shareholder value through prudent risk management and targeted growth initiatives.

Bull says

  • ↑Dividend yield at 3.87% but payout ratio under scrutiny
  • ↑Loan portfolio grew to $1.7 B, up $110 M QoQ driven by non-office assets
  • ↑Collected $307 M in Q1 repayments, boosting liquidity to $147 M
  • ↑Reallocated office loans to multifamily/industrial for higher returns
  • ↑Management sees attractive origination points in a stabilizing CRE market
  • ↑High book-to-price ratio and positive earnings yield indicate value

Bear says

  • ↓Reported Q1 GAAP net loss of $9.6 M, or $0.17/share
  • ↓Net debt-to-equity at 1.9x signals elevated leverage risk
  • ↓Weak profitability factors and negative earnings revisions weigh on outlook
  • ↓Negative sensitivity to interest rates threatens future margins
  • ↓Limited institutional interest reflects low confidence in recovery
  • ↓Dividend payout may exceed earnings, risking sustainability

Investment themes with ACRE

Mortgage REITs↑ +0.54%

NLY · AGNC · STWD

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026neutral

Transcript signals

Bull points

  • the commercial real estate market exhibited relative stability during the first quarter despite broader macroeconomic and corporate credit market uncertainty, supported by limited forward supply and modest valuation growth.
  • The combination of reset valuations and increasing capital rotation into the asset class helped create what in our view is an attractive investment environment.
  • We closed three new loan commitments, totaling $294 million during the first quarter, collateralized by multifamily, mixed-use, and retail properties, supporting steady growth in the loan portfolio for the second consecutive quarter.

Bear points

  • The largest of these loans is a risk-rated five Chicago office loan that remains on non-accrual, indicating potential issues within that segment of our portfolio.
  • For the first quarter of 2026, we reported a gap net loss of approximately $9.6 million, or $0.17 per diluted common share.
  • the total CECL reserve increased to $138 million as of March 31, 2026, an increase of approximately $11 million from the CECL Reserve as of December 31, 2025.
Read full transcript analysis ›