Ares Commercial Real Estate Corp Financial Summary

Complete Filing Data

Ares Commercial Real Estate Corp reported Net Income Loss of -$902.0 thousand for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Ares Commercial Real Estate Corp did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012
Net Income *-$902.0K-$35.0M-$38.9M$29.8M$60.5M$21.8M$37.0M$38.6M$30.4M$44.9M$43.3M$24.6M$13.8M$186.0K
Interest Income Expense Net$32.4M$51.7M$89.0M$104.2M$83.6M$69.1M$52.2M$55.3M$46.3M$45.1M$50.0M$36.9M$22.6M$6.7M
Interest Expense Borrowings$65.2M$106.0M$109.7M$66.0M$50.1M$51.9M$62.6M$63.0M$51.2M$36.9M$36.3M$33.6M$15.0M$2.6M
General And Administrative Expense$7.0M$7.8M$7.2M$6.4M$4.7M$3.7M$4.2M$3.3M$2.8M$2.8M$2.8M$3.0M$4.0M$1.3M
General And Administrative Expenses Reimbursed To Affiliate$3.6M$3.8M$3.4M$3.8M$3.0M$3.7M$3.0M$3.6M$3.9M$3.4M$3.4M$3.4M$3.6M$1.6M
Revenues$54.8M$69.7M$92.9M$106.8M$102.1M$82.7M$77.3M$55.3M$46.3M$45.1M$50.0M$37.5M$32.0M$6.7M
Income Tax Expense Benefit$285.0K-$18.0K-$39.0K$472.0K$722.0K$352.0K$515.0K$446.0K$178.0K$230.0K-$11.0K$240.0K$176.0K
Net Income Loss Available To Common Stockholders Basic$38.6M$30.4M$40.3M$34.3M$24.4M$13.8M$186.0K
Income Loss From Continuing Operations Per Basic Share-$0.02-$0.64-$0.72$0.58$1.43$0.66$1.29$1.35$1.07$0.91$0.96$0.79
Income Loss From Continuing Operations Per Diluted Share-$0.02-$0.64-$0.72$0.57$1.42$0.66$1.28$1.35$1.07$0.91$0.95$0.79
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments$22.2M$37.5M$39.0M$30.6M$30.7M$36.3M$23.0M$13.9M$860.0K
Operating Expenses From Real Estate Owned$18.2M$13.0M$2.5M$4.3M$18.5M$18.1M$23.0M$0.00$0.00
Operating Revenuefrom Real Estate Owned$4.0M$2.7M$18.5M$13.6M$25.1M$0.00$0.00
Comprehensive Income Net Of Tax-$939.0K-$35.1M-$46.3M$34.5M$63.3M$21.8M$37.0M
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent-$37.0K-$116.0K-$7.4M$4.7M$2.8M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$617.0K-$35.0M-$38.9M$30.3M$61.2M$22.2M$37.5M
Net Income Loss Attributable To Noncontrolling Interest$0.00$0.00$25.0K$4.5M$9.0M$220.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019Q4 2018Q3 2018Q2 2018Q1 2018Q4 2017Q3 2017Q2 2017Q1 2017Q4 2016Q3 2016Q2 2016Q1 2016Q4 2015Q3 2015Q2 2015Q1 2015Q4 2014Q3 2014Q2 2014Q1 2014Q4 2013Q3 2013Q2 2013Q1 2013Q4 2012Q3 2012Q2 2012Q1 2012Q4 2011
Net Income *$4.7M-$11.0M$9.3M-$10.7M-$5.9M-$6.1M-$12.3M-$39.4M$9.2M-$2.2M-$6.4M$2.9M$644.0K$10.0M$16.2M$17.2M$10.0M$17.6M$15.7M$14.4M$14.9M$9.8M-$17.3M$9.7M$9.0M$9.8M$8.5M$10.0M$10.0M$9.3M$9.3M$6.2M$11.1M$6.7M$6.5M$8.7M$19.7M$10.0M$6.4M$11.1M$11.7M$11.3M$9.3M$9.1M$4.1M$6.6M$4.8M$3.3M$6.9M$3.3M$327.0K$1.1M-$554.0K-$175.0K$508.0K-$163.0K
Interest Income Expense Net$8.5M$7.0M$9.3M$11.9M$13.4M$15.2M$23.1M$25.0M$26.5M$27.3M$25.1M$21.4M$21.4M$19.8M$18.6M$18.8M$16.8M$15.9M$13.1M$13.3M$12.2M$14.0M$13.6M$13.1M$14.7M$10.4M$10.3M$11.8M$10.5M$10.2M$12.2M$12.3M$13.0M$8.4M$9.3M$8.5M$8.6M$8.7M$6.2M$5.3M$3.6M$1.5M$1.2M$610.0K-$36.0K
Interest Expense Borrowings$14.8M$16.1M$18.2M$27.4M$27.5M$28.8M$29.7M$27.0M$23.0M$18.4M$13.5M$12.0M$12.7M$11.1M$12.1M$11.9M$13.0M$15.5M$15.1M$16.7M$15.7M$16.4M$16.0M$14.3M$13.8M$12.2M$10.8M$9.0M$8.4M$8.5M$8.7M$8.7M$10.2M$9.6M$8.4M$6.6M$2.0M$1.9M$1.4M$398.0K$353.0K$339.0K$39.0K
General And Administrative Expense$1.7M$2.0M$1.7M$1.9M$2.0M$2.1M$1.7M$2.0M$1.7M$1.4M$1.6M$1.6M$1.1M$1.2M$1.2M$969.0K$959.0K$868.0K$1.0M$1.0M$1.1M$852.0K$789.0K$774.0K$724.0K$640.0K$642.0K$690.0K$686.0K$723.0K$698.0K$647.0K$1.8M$2.4M$2.6M$2.2M$994.0K$453.0K$482.0K$496.0K$323.0K$37.0K$69.0K
General And Administrative Expenses Reimbursed To Affiliate$781.0K$1.0M$1.0M$871.0K$1.3M$1.1M$775.0K$1.1M$732.0K$1.0M$796.0K$834.0K$773.0K$788.0K$752.0K$802.0K$1.0M$1.1M$831.0K$771.0K$659.0K$870.0K$830.0K$924.0K$986.0K$949.0K$948.0K$860.0K$660.0K$897.0K$840.0K$821.0K$1.1M$1.0M$1.0M$1.0M$1.0M$863.0K$747.0K$632.0K$308.0K
Revenues$14.1M$12.6M$14.9M$16.7M$16.8M$18.7M$23.9M$25.0M$26.5M$27.3M$25.1M$24.0M$27.2M$23.5M$21.2M$22.4M$18.0M$21.1M$13.5M$19.8M$21.7M$14.2M$14.5M$14.0M$13.6M$13.1M$12.6M$11.8M$10.5M$10.2M$12.5M$12.2M$12.3M$13.0M$20.8M$13.2M$17.4M$13.8M$12.6M$10.9M$4.7M$3.8M$1.5M-$36.0K
Income Tax Expense Benefit-$1.0K$0.00$281.0K-$3.0K$0.00$2.0K-$16.0K-$46.0K$110.0K$5.0K$98.0K$105.0K$0.00$408.0K$185.0K$181.0K$160.0K$9.0K$19.0K$218.0K$96.0K$236.0K$86.0K$81.0K$54.0K$27.0K$68.0K$161.0K$3.0K$4.0K$3.0K$3.0K-$642.0K-$1.2M$83.0K-$674.0K$496.0K$0.00
Net Income Loss Available To Common Stockholders Basic$10.0M$9.3M$9.3M$6.2M$11.1M$6.7M$6.5M$8.1M$18.4M$8.7M$5.1M$8.9M$9.4M$9.0M$7.1M$8.9M$4.1M$6.6M$4.8M$3.3M$6.9M$3.3M$327.0K$1.1M-$554.0K-$225.0K-$116.0K-$163.0K
Income Loss From Continuing Operations Per Basic Share$0.08-$0.20$0.17-$0.11-$0.11-$0.23$0.17-$0.04-$0.12$0.01$0.20$0.34$0.21$0.43$0.46$0.45$0.29-$0.54$0.34$0.32$0.34$0.30$0.35$0.33$0.39$0.24$0.23$0.22$0.21$0.19$0.22$0.24
Income Loss From Continuing Operations Per Diluted Share$0.08-$0.20$0.17-$0.11-$0.11-$0.23$0.17-$0.04-$0.12$0.01$0.20$0.34$0.21$0.43$0.45$0.44$0.29-$0.54$0.31$0.34$0.35$0.33$0.39$0.24$0.23$0.22$0.21$0.19$0.22$0.24
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments$18.0M$15.9M$15.1M$9.9M-$17.3M$9.1M$10.0M$8.6M$10.2M$9.4M$9.4M$11.1M$6.7M$6.5M$7.8M$7.3M$6.8M$8.7M$9.1M$8.7M$2.9M$6.7M$4.1M$7.4M$3.3M$327.0K-$554.0K$508.0K-$163.0K
Operating Expenses From Real Estate Owned$4.5M$4.6M$4.5M$3.2M$2.2M$2.0M$480.0K$0.00$0.00$0.00$0.00$4.3M$5.3M$3.8M$3.3M$4.0M$3.3M$6.7M$6.8M$7.1M$1.7M$0.00$0.00$0.00
Operating Revenuefrom Real Estate Owned$3.5M$809.0K$0.00$0.00$0.00$0.00$2.7M$5.9M$3.8M$2.7M$3.6M$1.2M$5.2M$6.7M$8.4M$1.9M$0.00$0.00$0.00
Comprehensive Income Net Of Tax$4.6M-$11.0M$9.3M-$5.9M-$6.2M-$12.2M$8.9M-$4.3M-$10.9M-$366.0K$12.0M$23.8M$9.9M$17.5M$16.0M$14.9M$9.8M-$17.3M
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent-$28.0K$21.0K-$30.0K-$153.0K-$3.0K-$41.0K$81.0K-$513.0K-$321.0K-$2.1M-$4.4M-$3.8M-$1.0M$1.9M$7.6M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$4.7M-$11.0M$9.6M-$5.9M-$6.1M-$12.3M$9.2M-$2.2M-$6.3M$649.0K$10.1M$16.3M$10.0M$18.0M$15.9M$15.1M
Net Income Loss Attributable To Noncontrolling Interest$0.00$0.00$0.00$0.00$0.00$25.0K$1.3M$1.3M$1.3M$2.3M$2.3M$2.2M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012FY2011
Stockholders Equity *$509.6M$540.1M$625.8M$747.5M$678.6M$473.0M$426.3M$425.6M$419.2M$419.0M$409.5M$403.0M$406.2M$165.4M$6.4M
Dividends Cash$55.3M$74.8M$74.5M$64.0M$44.3M$38.1M$33.3M$30.8M$29.7M$28.6M$28.6M$23.4M$3.9M
Interest And Fee Income Loans And Leases Held In Portfolio$97.6M$157.7M$198.6M$170.2M$133.6M$121.1M$114.8M$118.3M$97.5M$82.0M$86.3M$70.5M$37.6M$9.3M
Cash And Cash Equivalents At Carrying Value$29.3M$63.8M$110.5M$141.3M$50.6M$74.8M$5.3M$11.1M$28.3M$47.3M$5.1M$15.0M$14.4M$23.4M$1.2M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$67.2M$66.3M$110.5M$141.3M$50.6M$74.8M$5.6M$11.5M$28.7M$47.6M$18.1M
Dividends Payable Current And Noncurrent$8.4M$13.9M$18.2M$19.3M$16.7M$11.1M$9.5M$8.9M$7.7M$7.4M$7.2M$7.1M$7.1M$2.3M
Amortization Of Deferred Loan Origination Fees Net$4.3M$5.0M$6.1M$10.3M$8.4M$7.4M$7.0M$6.9M$6.6M$5.9M$5.0M$3.7M$2.4M$400.0K
Retained Earnings Accumulated Deficit-$311.8M-$277.4M-$187.0M-$73.3M-$28.6M-$25.1M$2.4M$3.6M-$1.8M-$1.3M-$12.0M-$17.7M-$13.5M-$3.9M-$163.0K
Other Assets$17.8M$16.7M$52.4M$155.7M$154.2M$25.8M$58.1M$67.0M$15.2M$12.1M$53.2M$55.0M$32.5M$7.8M$205.0K
Liabilities And Stockholders Equity$1.62B$1.75B$2.28B$2.52B$2.63B$1.93B$1.78B$1.60B$1.77B$1.37B$1.38B$1.86B$1.18B$387.9M$7.6M
Liabilities$1.11B$1.21B$1.65B$1.78B$1.95B$1.46B$1.36B$1.18B$1.35B$944.0M$922.5M$1.38B$770.7M$222.4M$1.2M
Assets$1.62B$1.75B$2.28B$2.52B$2.63B$1.93B$1.78B$1.60B$1.77B$1.37B$1.38B$1.86B$1.18B$387.9M$7.6M
Additional Paid In Capital Common Stock$820.8M$816.9M$812.2M$812.8M$704.0M$497.8M$423.6M$421.7M$420.6M$420.1M$421.2M$420.3M$419.4M$169.2M$6.6M
Common Stock Value$532.0K$532.0K$532.0K$537.0K$465.0K$329.0K$283.0K$283.0K$283.0K$283.0K$284.0K$284.0K$284.0K$92.0K
Other Liabilities$48.6M$21.0M$14.6M$14.0M$9.2M$11.2M$9.9M$8.6M$3.9M$3.3M$14.5M$22.4M$17.0M$7.2M
Restricted Cash And Cash Equivalents$37.9M$2.5M$0.00$0.00$0.00$379.0K$379.0K$379.0K$375.0K$13.1M$66.1M$17.0M$3.2M
Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt$99.9M$455.8M$723.1M$777.7M$861.2M$443.9M$443.2M$270.7M$271.2M$0.00$192.5M$305.7M
Repayments Of Secured Debt$446.5M$843.2M$822.2M$746.6M$1.03B$375.5M$855.0M$583.0M$134.1M
Repayments Of Related Party Debt$356.1M$267.9M$55.1M$85.9M$121.2M$0.00$0.00$0.00$0.00$255.3M$272.5M$176.0M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$863.0K-$44.2M-$30.8M$90.7M-$24.2M$69.1M-$5.8M-$17.3M-$18.9M$8.3M
Secured Debt$0.00$22.6M$59.8M$0.00$108.3M$107.6M$149.9M$69.8M
Variable Interest Entity Other Assets$843.0K$945.0K$2.7M$2.7M$3.4M$2.6M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019Q4 2018Q3 2018Q2 2018Q1 2018Q4 2017Q3 2017Q2 2017Q1 2017Q4 2016Q3 2016Q2 2016Q1 2016Q4 2015Q3 2015Q2 2015Q1 2015Q4 2014Q3 2014Q2 2014Q1 2014Q3 2013Q2 2013Q1 2013Q3 2012Q2 2012Q1 2012Q4 2011
Stockholders Equity *$521.0M$523.7M$542.1M$563.8M$582.3M$601.1M$625.8M$683.0M$691.2M$718.3M$747.5M$767.1M$786.0M$689.3M$672.7M$679.0M$576.0M$469.3M$465.1M$466.1M$425.7M$425.8M$425.1M$424.2M$422.2M$420.7M$420.5M$417.0M$417.9M$418.3M$407.3M$407.0M$407.6M$405.1M$403.1M$401.0M$403.8M$404.1M$410.6M$394.9M$163.6M$166.7M$167.7M$29.3M
Dividends Cash$8.4M$8.4M$8.4M$13.9M$13.8M$13.8M$13.8M$18.2M$18.1M$19.2M$19.3M$19.3M$19.2M$19.2M$16.7M$16.7M$16.5M$16.5M$14.2M$11.1M$11.1M$11.1M$11.1M$9.5M$9.5M$9.5M$9.5M$8.9M$8.3M$8.0M$8.0M$7.7M$7.7M$7.7M$7.7M$7.4M$7.4M$7.4M$7.4M$7.2M$7.2M$7.2M$7.1M$7.1M$7.2M$7.2M$7.1M$2.3M$450.0K
Interest And Fee Income Loans And Leases Held In Portfolio$23.3M$23.1M$27.5M$39.3M$40.8M$44.0M$52.8M$51.9M$49.5M$45.6M$38.6M$33.4M$34.0M$30.9M$30.7M$29.1M$30.6M$29.8M$31.4M$28.3M$30.0M$28.0M$30.4M$29.6M$27.4M$28.6M$22.6M$21.1M$20.8M$18.9M$18.8M$20.9M$21.0M$23.2M$18.0M$17.7M$15.2M$10.7M$8.1M$6.7M$1.9M$1.6M$949.0K$3.0K
Cash And Cash Equivalents At Carrying Value$84.9M$90.0M$125.5M$68.9M$70.6M$99.5M$61.0M$142.6M$153.8M$77.3M$25.6M$13.8M$15.8M$75.7M$97.9M$81.3M$73.0M$74.5M$6.0M$5.2M$12.8M$5.0M$5.0M$5.2M$28.2M$5.7M$44.4M$41.8M$5.3M$4.3M$5.1M$5.0M$9.0M$11.4M$20.2M$30.4M$12.6M$40.2M$22.6M$24.0M$87.5M$4.6M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$123.9M$94.1M$129.1M$72.3M$70.6M$99.5M$61.0M$142.6M$153.8M$77.3M$25.6M$13.8M$15.8M$75.7M$97.9M$81.3M$73.0M$74.9M$6.3M$5.6M$13.2M$5.4M$5.4M$5.6M$28.6M$6.1M$44.8M
Dividends Payable Current And Noncurrent$8.4M$8.4M$8.4M$13.8M$13.8M$13.8M$18.1M$19.2M$19.3M$19.2M$19.2M$16.7M$16.5M$16.5M$14.2M$11.1M$11.1M$11.1M$9.5M$9.5M$9.5M$8.3M$8.0M$8.0M$7.7M$7.7M$7.7M$7.4M$7.4M$7.4M$7.2M$7.2M$7.1M$7.2M$7.2M$7.1M$7.1M$6.8M$2.3M$556.0K$555.0K$502.0K
Amortization Of Deferred Loan Origination Fees Net$1.3M$1.3M$1.8M$2.3M$2.0M$2.0M$1.3M$1.9M$1.5M$953.0K$1.5M$592.0K$739.0K$57.0K
Retained Earnings Accumulated Deficit-$299.5M-$295.8M-$276.4M-$252.8M-$233.1M-$213.1M-$129.4M-$120.5M-$99.1M-$56.9M-$38.3M-$29.2M-$29.1M-$22.5M-$23.6M-$28.4M-$32.3M-$31.0M$2.3M$2.8M$2.6M$2.5M$827.0K-$440.0K-$211.0K-$3.6M-$2.5M-$2.0M-$13.0M-$14.3M-$13.7M-$15.9M-$17.8M-$19.4M-$16.4M-$15.9M-$8.9M-$9.4M-$5.8M-$2.6M-$1.5M-$729.0K
Other Assets$18.3M$18.3M$21.3M$17.1M$19.1M$25.8M$121.9M$109.5M$149.5M$159.6M$92.4M$100.7M$73.4M$128.8M$68.7M$77.5M$46.2M$147.1M$92.0M$141.2M$20.3M$67.2M$66.1M$80.2M$15.6M$15.0M$12.1M$49.1M$12.5M$61.4M$40.4M$39.0M$40.8M$44.3M$101.1M$32.9M$27.7M$2.3M$497.0K$522.0K$752.0K$458.0K
Liabilities And Stockholders Equity$1.39B$1.44B$1.52B$1.94B$2.07B$2.11B$2.36B$2.40B$2.44B$2.73B$2.70B$2.52B$2.47B$2.26B$2.09B$1.95B$2.02B$2.10B$1.67B$1.67B$1.62B$1.73B$1.82B$1.74B$1.59B$1.66B$1.43B$1.57B$1.33B$1.42B$1.50B$1.54B$1.59B$1.40B$1.42B$1.26B$839.8M$581.1M$444.0M$220.3M$171.3M$84.9M
Liabilities$870.9M$914.9M$977.5M$1.38B$1.49B$1.51B$1.68B$1.71B$1.73B$1.96B$1.91B$1.83B$1.79B$1.58B$1.51B$1.48B$1.56B$1.64B$1.25B$1.25B$1.19B$1.31B$1.40B$1.32B$1.17B$1.25B$1.01B$1.10B$877.8M$968.1M$1.01B$1.06B$1.10B$1.00B$1.02B$853.8M$429.2M$186.2M$280.4M$53.6M$3.6M$49.3M
Assets$1.39B$1.44B$1.52B$1.94B$2.07B$2.11B$2.36B$2.40B$2.44B$2.73B$2.70B$2.52B$2.47B$2.26B$2.09B$1.95B$2.02B$2.10B$1.67B$1.67B$1.62B$1.73B$1.82B$1.74B$1.59B$1.66B$1.43B$1.57B$1.33B$1.42B$1.50B$1.54B$1.59B$1.40B$1.42B$1.26B$839.8M$581.1M$444.0M$220.3M$171.3M$84.9M
Additional Paid In Capital Common Stock$819.9M$818.9M$818.0M$815.8M$814.6M$813.5M$811.1M$810.2M$813.7M$812.1M$811.4M$707.6M$701.4M$701.0M$598.9M$497.4M$497.1M$496.7M$423.1M$422.7M$422.2M$421.4M$421.1M$420.9M$420.4M$420.3M$420.2M$419.9M$420.0M$421.0M$421.0M$420.8M$420.5M$420.2M$419.9M$419.7M$419.3M$404.0M$169.3M$169.2M$169.1M$30.0M
Common Stock Value$532.0K$532.0K$532.0K$532.0K$532.0K$532.0K$532.0K$532.0K$537.0K$537.0K$537.0K$467.0K$464.0K$464.0K$399.0K$329.0K$329.0K$329.0K$283.0K$283.0K$283.0K$283.0K$283.0K$283.0K$283.0K$283.0K$283.0K$283.0K$283.0K$284.0K$284.0K$284.0K$284.0K$284.0K$284.0K$284.0K$284.0K$272.0K$92.0K$92.0K$92.0K$15.0K
Other Liabilities$48.7M$14.2M$20.1M$15.6M$12.6M$12.0M$15.0M$12.5M$10.4M$9.8M$10.0M$9.7M$8.2M$8.7M$9.6M$12.9M$9.9M$9.1M$9.3M$4.6M$4.2M$4.3M$3.7M$3.6M$3.3M$3.7M$14.1M$29.0M$33.7M$23.0M$28.1M$22.8M$24.6M$23.0M$24.0M$5.6M$5.5M
Restricted Cash And Cash Equivalents$39.0M$4.2M$3.6M$3.5M$0.00$0.00$0.00$0.00$0.00$379.0K$379.0K$379.0K$379.0K$379.0K$379.0K$379.0K$379.0K$379.0K$380.0K$379.0K$11.7M$25.6M$27.2M$26.9M$30.3M$24.1M$24.4M$23.1M$21.9M$4.7M$3.7M$1.9M$2.1M$912.0K
Variable Interest Entity Collateralized Loan Obligation Securities Long Term Debt$117.8M$137.6M$152.0M$574.9M$588.4M$595.1M$735.1M$735.1M$735.8M$822.3M$851.3M$861.8M$940.1M$979.8M$979.3M$443.9M$443.5M$443.6M$442.9M$442.7M$442.2M$271.3M$271.4M$271.4M$271.0M$270.8M$270.2M$57.8M$104.7M$157.0M$222.2M$247.0M$257.0M$308.7M
Repayments Of Secured Debt$22.3M$19.7M$483.2M$93.1M$263.4M$83.2M$293.1M$111.6M$69.3M$68.6M$47.3M
Repayments Of Related Party Debt$304.0M$128.2M$42.1M$0.00$0.00$69.2M$187.5M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$62.8M-$10.9M$12.5M-$36.9M$23.2M$69.2M$1.7M-$23.1M
Secured Debt$0.00$22.6M$22.6M$60.0M$59.9M$59.8M$54.6M$47.5M$109.4M$108.9M$108.7M$108.5M$108.2M$108.0M$107.8M$151.8M$151.1M$150.5M$149.3M$70.2M$70.0M
Variable Interest Entity Other Assets$1.0M$1.0K$1.3M$1.4M$1.7M$750.0K$765.0K$769.0K$873.0K$857.0K$865.0K$1.4M$1.5M$2.3M$3.2M$3.4M$3.6M$2.6M$2.2M$2.3M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012
Financing Cash Flow *-$168.6M-$507.6M-$205.1M-$159.7M$627.2M$119.2M$136.1M-$214.4M$355.6M$73.1M-$541.4M$652.4M$717.0M$368.4M
Investing Cash Flow *$148.1M$427.9M$127.5M$193.2M-$699.7M-$81.9M-$174.4M$157.9M-$405.8M-$60.3M$258.3M-$433.1M-$745.7M-$348.2M
Operating Cash Flow *$21.4M$35.5M$46.8M$57.2M$48.4M$31.8M$32.5M$39.2M$31.3M-$4.5M$275.5M-$222.9M$25.4M$2.0M
Payments To Acquire Loans Held For Investment$489.2M$44.1M$199.8M$652.7M$1.24B$524.2M$673.2M$543.1M$900.3M$861.4M$228.5M$711.1M$675.6M$351.9M
Increase Decrease In Other Operating Assets$2.2M$1.9M$19.9M$17.7M$18.5M$15.3M$6.4M-$198.0K$2.5M-$40.0M-$20.0M$10.9M$4.4M$2.5M
Increase Decrease In Due To Affiliates$271.0K-$345.0K-$1.4M$1.4M$1.0M$389.0K-$402.0K$535.0K-$71.0K$380.0K-$77.0K-$61.0K$1.5M$1.1M
Share Based Compensation$3.9M$4.7M$4.0M$2.9M$1.9M$1.3M$1.9M$1.1M$581.0K$312.0K$835.0K$939.0K$524.0K$338.0K
Proceeds From Loan And Lease Originations And Principal Collections1$6.5M$3.0M$1.5M$8.5M$7.6M$4.5M$7.5M$5.8M$9.3M$6.8M$1.1M$7.1M$6.1M$3.5M
Proceeds From Collection Of Loans Receivable$582.2M$394.7M$288.6M$824.9M$535.0M$341.5M$492.9M$695.2M$411.3M$721.7M$411.7M$193.9M$66.9M$180.0K
Payments Of Dividends Common Stock$39.0M$59.6M$76.0M$71.8M$58.4M$42.8M$37.5M$32.1M$30.5M$29.4M$28.6M$28.6M$18.6M$1.6M
Increase Decrease In Other Operating Liabilities-$2.6M-$3.5M$1.8M$1.2M$1.2M-$551.0K$195.0K$16.0K$1.1M-$10.1M$3.8M-$1.4M$1.8M$1.8M
Payments Of Financing Costs$3.2M$3.7M$4.0M$4.5M$13.1M$5.1M$5.7M$2.3M$8.4M$5.6M$8.0M$10.8M$7.0M$2.3M
Proceeds From Issuance Of Secured Debt$473.5M$793.8M$642.2M$923.9M$1.29B$345.4M$1.14B$703.2M$278.4M
Net Cash Provided By Used In Continuing Operations$38.3M-$7.6M-$3.5M-$3.3M$22.2M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023Q1 2022Q1 2021Q1 2020Q1 2019Q1 2018Q1 2017Q1 2016Q1 2015Q1 2014Q1 2013Q1 2012Q4 2011
Financing Cash Flow *-$244.0M-$156.3M-$68.8M-$142.8M$144.6M$334.9M$3.9M-$36.6M$47.6M$39.2M-$292.9M$69.1M$53.6M$75.8M$5.8M
Investing Cash Flow *$298.7M$134.0M$70.1M$89.7M-$131.4M-$274.0M-$9.0M$3.7M-$56.7M-$59.9M$159.8M-$66.5M-$55.7M-$72.2M-$4.9M
Operating Cash Flow *$8.0M$11.4M$11.3M$16.2M$9.9M$8.3M$6.8M$9.7M$6.2M$17.8M$125.6M$7.7M$1.2M-$221.0K$418.0K
Payments To Acquire Loans Held For Investment$7.0M$12.0M$18.4M$217.5M$219.2M$294.7M$120.3M$77.3M$133.5M$108.1M$58.7M$147.6M$56.3M$73.1M$5.1M
Increase Decrease In Other Operating Assets-$1.6M$493.0K$8.6M-$4.0M$2.7M$1.3M$1.7M-$194.0K$582.0K-$36.7M-$18.2M$2.7M$345.0K$24.0K-$188.0K
Increase Decrease In Due To Affiliates$404.0K$146.0K-$1.7M-$333.0K$169.0K$75.0K-$904.0K-$97.0K$156.0K$13.0K$28.0K-$246.0K$122.0K-$144.0K$231.0K
Share Based Compensation$1.1M$1.3M$960.0K$766.0K$521.0K$225.0K$492.0K$234.0K$98.0K$162.0K$199.0K$264.0K$136.0K
Proceeds From Loan And Lease Originations And Principal Collections1$234.0K$232.0K$413.0K$2.4M$680.0K$3.5M$1.4M$1.0M$1.3M$680.0K$398.0K$897.0K$539.0K$880.0K$110.0K
Proceeds From Collection Of Loans Receivable$305.4M$106.8M$78.2M$266.6M$87.3M$17.5M$109.9M$79.9M$75.5M$47.9M$218.1M$56.0K$18.0K
Payments Of Dividends Common Stock$13.9M$18.2M$19.3M$16.7M$11.1M$9.6M$8.9M$7.7M$7.4M$7.2M$7.1M$7.1M$2.3M
Increase Decrease In Other Operating Liabilities-$1.1M-$348.0K$1.7M-$1.5M-$1.0M-$420.0K-$101.0K$413.0K-$221.0K-$5.5M$1.8M$845.0K$1.1M
Payments Of Financing Costs$1.9M$370.0K$297.0K$651.0K$8.0M$248.0K$748.0K$10.0K$596.0K$833.0K
Proceeds From Issuance Of Secured Debt$12.8M$12.7M$355.1M$107.0M$54.7M$88.9M$204.2M$20.9M$145.7M$55.8M$47.3M
Net Cash Provided By Used In Continuing Operations-$23.1M-$2.9M-$2.8M-$7.5M$10.3M-$840.0K$3.3M$1.2M

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012FY2011
Diluted EPS *$1.35$1.07$1.41$1.20$0.85$0.72$0.03
Common Stock Dividends Per Share Declared$0.67
Weighted Average Number Of Shares Outstanding Basic54.9M54.4M54.3M51.7M42.4M33.0M28.6M28.5M28.5M28.5M28.5M28.5M19.0M6.5M
Weighted Average Number Of Diluted Shares Outstanding54.9M54.4M54.3M52.1M42.7M33.2M28.8M28.7M28.6M28.5M28.6M28.6M19.0M6.6M
Common Stock Shares Authorized450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M100.0K
Common Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Outstanding55.0M54.5M54.1M54.4M47.1M33.4M28.9M28.8M28.6M28.6M28.6M28.6M28.5M9.3M0.00
Common Stock Shares Issued55.0M54.5M54.1M54.4M47.1M33.4M28.9M28.8M28.6M28.6M28.6M28.6M28.5M9.3M0.00
Earnings Per Share Basic$1.35$1.07$1.42$1.20$0.86$0.72$0.03

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020Q3 2019Q2 2019Q1 2019Q3 2018Q2 2018Q1 2018Q4 2017Q3 2017Q2 2017Q1 2017Q4 2016Q3 2016Q2 2016Q1 2016Q4 2015Q3 2015Q2 2015Q1 2015Q4 2014Q3 2014Q2 2014Q1 2014Q4 2013Q3 2013Q2 2013Q1 2013Q4 2012Q3 2012Q2 2012Q1 2012Q4 2011
Diluted EPS *$0.22$0.39$0.24$0.23$0.28$0.65$0.31$0.18$0.31$0.33$0.31$0.25$0.31$0.14$0.23$0.17$0.12$0.25$0.32$0.04$0.12-$0.06-$0.03-$0.11-$8.56
Common Stock Dividends Per Share Declared$0.15$0.15$0.15$0.25$0.25$0.25$0.33$0.35$0.35$0.35$0.35$0.35$0.35$0.35$0.35$0.33$0.33$0.33$0.33$0.33$0.33$0.29$0.28$0.28$0.27$0.27$0.27$0.26$0.26$0.26$0.25$0.25$0.25$0.25$0.25$0.25$0.25$0.25$0.25$0.06$0.06$0.30
Weighted Average Number Of Shares Outstanding Basic54.9M54.9M54.8M54.5M54.4M54.4M54.1M54.3M54.6M54.4M50.6M47.2M47.0M41.0M34.4M33.3M33.3M31.9M28.6M28.6M28.6M28.5M28.5M28.5M28.5M28.5M28.5M28.4M28.4M28.5M28.5M28.5M28.5M28.5M28.5M28.4M28.0M10.2M9.2M9.2M6.6M998.6K19.1K
Weighted Average Number Of Diluted Shares Outstanding55.8M54.9M55.7M54.5M54.4M54.4M54.8M54.3M54.6M54.8M51.0M47.7M47.2M41.3M34.7M33.6M33.5M31.9M28.9M28.9M28.8M28.7M28.6M28.6M28.6M28.5M28.5M28.5M28.5M28.6M28.6M28.6M28.6M28.6M28.6M28.6M28.0M10.3M9.3M9.2M6.6M998.6K19.1K
Common Stock Shares Authorized450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M450.0M95.0M95.0M
Common Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Outstanding55.0M55.0M54.9M54.5M54.5M54.4M54.1M54.1M54.6M54.4M54.4M47.4M47.0M47.0M40.5M33.4M33.4M33.4M28.8M28.9M28.8M28.7M28.7M28.6M28.6M28.6M28.5M28.5M28.5M28.6M28.6M28.6M28.6M28.6M28.6M28.6M9.3M27.3M9.3M9.3M9.2M
Common Stock Shares Issued55.0M55.0M54.9M54.5M54.5M54.4M54.1M54.1M54.6M54.4M54.4M47.4M47.0M47.0M40.5M33.4M33.4M33.4M28.9M28.9M28.8M28.7M28.7M28.6M28.6M28.6M28.5M28.5M28.5M28.6M28.6M28.6M28.6M28.6M28.6M28.6M28.5M27.3M9.3M9.3M9.2M1.5M
Earnings Per Share Basic$0.22$0.39$0.24$0.23$0.28$0.65$0.31$0.18$0.31$0.33$0.31$0.25$0.31$0.14$0.23$0.17$0.12$0.25$0.32$0.04

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012FY2011
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$3.9M$4.7M$4.0M$2.9M$1.9M$1.3M$1.9M$1.1M$581.0K$312.0K$835.0K$939.0K$524.0K$338.0K
Professional Fees$2.8M$2.6M$3.1M$3.4M$2.4M$2.6M$2.2M$1.9M$1.7M$2.2M$2.0M$2.7M$2.9M$1.2M
Noninterest Expense$41.4M$37.9M$28.5M$32.7M$40.9M$36.3M$39.8M$16.2M$15.0M$14.4M$13.7M$14.5M$24.3M$5.8M
Costs And Expenses Related Party$9.8M$10.7M$12.3M$14.9M$12.1M$8.2M$7.4M$7.4M$6.6M$6.0M$5.4M$5.4M$4.2M$1.7M
Amortization Of Financing Costs$4.6M$5.1M$3.9M$7.1M$9.9M$6.4M$6.6M$5.7M$7.6M$6.4M$9.6M$9.7M$3.3M$698.0K
Line Of Credit$858.2M$588.5M$639.8M$705.2M$840.0M$755.6M$728.6M$778.0M$958.0M$780.7M$522.8M$552.8M$264.4M$144.3M
Due To Related Parties Current And Noncurrent$4.2M$3.2M$2.8M$3.2M$2.6M$2.7M$2.4M$2.7M$2.8M$1.3M$827.0K
Depreciation$0.00$825.0K$892.0K$667.0K$0.00$0.00$167.0K$219.0K$160.0K$38.0K
Mortgage Loans On Real Estate Commercial And Consumer Net$1.53B$1.66B$2.13B$2.26B$2.41B$1.82B$1.68B$353.5M$4.9M
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs$233.0K$436.0K$341.0K$8.4M$3.5M
Interest Paid Net$61.1M$102.8M$103.7M$57.8M$40.1M$46.1M$54.6M$56.7M$41.9M$30.1M$28.7M$23.9M$11.3M$1.3M
Variable Interest Entity Mortgage Loans On Real Estate Commercial And Consumer Net$289.6M$341.2M$21.5M$483.6M$848.2M$493.8M
Variable Interest Entity Due To Current And Noncurrent$541.0K$414.0K$299.0K$299.0K$498.0K$384.0K
Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest$1.52B$1.73B$1.31B$1.17B$1.46B$958.5M$353.5M
Stock Issued During Period Value New Issues$106.3M$204.8M$73.2M$250.7M$142.5M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019Q4 2018Q3 2018Q2 2018Q1 2018Q3 2017Q2 2017Q1 2017Q3 2016Q2 2016Q1 2016Q3 2015Q2 2015Q1 2015Q3 2014Q2 2014Q1 2014Q4 2013Q3 2013Q2 2013Q1 2013Q3 2012Q2 2012Q1 2012Q4 2011
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$1.0M$937.0K$1.1M$1.1M$1.2M$1.2M$1.3M$1.0M$986.0K$1.0M$960.0K$738.0K$673.0K$699.0K$766.0K$494.0K$428.0K$497.0K$521.0K$382.0K$367.0K$365.0K$225.0K$482.0K$479.0K$427.0K$492.0K$324.0K$329.0K$215.0K$234.0K$98.0K$162.0K$199.0K$264.0K$136.0K
Professional Fees$526.0K$673.0K$877.0K$681.0K$757.0K$533.0K$682.0K$626.0K$771.0K$842.0K$1.1M$778.0K$480.0K$615.0K$785.0K$400.0K$639.0K$660.0K$903.0K$542.0K$532.0K$478.0K$498.0K$455.0K$482.0K$350.0K$428.0K$391.0K$678.0K$535.0K$490.0K$617.0K$412.0K$775.0K$635.0K$1.1M$925.0K$675.0K$500.0K$566.0K$292.0K$331.0K$65.0K$58.0K
Noninterest Expense$10.0M$10.8M$10.7M$9.3M$8.9M$8.6M$6.6M$7.1M$6.2M$7.1M$7.2M$10.5M$10.9M$9.4M$8.5M$8.3M$8.1M$11.3M$10.8M$11.7M$5.5M$3.8M$4.2M$3.7M$3.6M$3.7M$3.8M$3.9M$3.2M$3.5M$3.5M$3.2M$9.8M$10.3M$10.7M$9.7M$9.6M$5.1M$4.6M$2.0M$1.4M$102.0K$127.0K
Costs And Expenses Related Party$2.4M$2.4M$2.6M$2.7M$2.7M$2.8M$3.0M$3.3M$3.0M$3.9M$3.8M$3.0M$3.2M$3.0M$2.6M$2.4M$1.8M$2.2M$1.8M$1.6M$2.3M$1.6M$1.6M$2.2M$1.6M$1.6M$1.7M$1.8M$1.7M$1.3M$1.4M$1.4M$1.3M$1.5M$1.5M$1.5M$1.5M$1.5M$643.0K$614.0K$625.0K$419.0K
Amortization Of Financing Costs$1.2M$1.1M$979.0K$2.2M$2.2M$1.6M$1.7M$1.5M$1.7M$1.5M$3.2M$1.1M$227.0K$125.0K$39.0K
Line Of Credit$593.0M$641.8M$674.4M$640.6M$625.9M$630.3M$654.5M$681.3M$698.2M$847.7M$853.1M$740.0M$656.0M$404.2M$349.6M$791.1M$876.8M$990.6M$620.0M$617.5M$621.5M$912.4M$1.00B$929.5M$730.2M$809.7M$576.5M$879.1M$601.8M$615.4M$521.7M$560.8M$504.3M$342.0M$457.3M$341.5M$294.0M$101.3M$200.1M$48.8M$47.3M
Due To Related Parties Current And Noncurrent$3.9M$5.6M$4.9M$4.6M$3.8M$3.9M$3.7M$3.3M$2.7M$3.2M$2.8M$2.6M$3.2M$2.3M$2.5M$3.1M$2.5M$2.6M$2.6M$2.9M$2.6M$2.1M$2.7M$2.7M$2.7M$2.8M$2.7M$3.0M$2.6M$3.0M$1.6M$1.4M$1.3M$890.0K$418.0K
Depreciation$0.00$224.0K$221.0K$54.0K$0.00$0.00$55.0K$54.0K$29.0K
Mortgage Loans On Real Estate Commercial And Consumer Net$1.23B$1.30B$1.36B$1.81B$1.97B$2.01B$2.18B$2.23B$2.17B$2.51B$2.61B$2.42B$2.36B$2.03B$1.91B$1.78B$1.79B$1.24B$1.16B$1.11B$958.5M$692.3M$526.0M$409.9M$190.5M$78.2M$77.3M
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs$4.0K$4.0K$34.0K$190.0K$9.0K$32.0K$52.0K$164.0K$188.0K$341.0K$341.0K
Interest Paid Net$3.8M$1.1M$143.0K
Variable Interest Entity Mortgage Loans On Real Estate Commercial And Consumer Net$425.8M$515.9M$521.5M$434.2M$557.0M$286.3M$289.6M$275.0M$341.2M$341.2M$341.2M$186.0M$270.1M$424.6M$622.9M$669.1M$679.1M$688.2M$428.3M$493.8M
Variable Interest Entity Due To Current And Noncurrent$691.0K$718.0K$753.0K$820.0K$882.0K$480.0K$465.0K$453.0K$374.0K$352.0K$339.0K$90.0K$129.0K$232.0K$291.0K$325.0K$349.0K$469.0K$359.0K$382.0K
Mortgage Loans On Real Estate Total Commitment Amount Including Noncontrolling Interest$1.87B$1.68B$1.54B$1.49B$1.55B$1.66B$1.75B$1.66B$1.54B$1.64B$1.37B$1.47B$1.14B$1.21B$1.27B$1.28B$1.30B
Stock Issued During Period Value New Issues$103.4M$2.9M$2.1M$101.8M$100.9M$73.2M$73.2M$23.4M

Most recent annual filing with the SEC: February 10, 2026

Data sourced from SEC EDGAR public filings as of August 6, 2026.