Ares Commercial Real Estate Balance Sheet
Concept
Total Assets
Current Assets
Cash, Cash Equivalents & Short Term Investments
Cash & Equivalents
Other Short Term Investments
Receivables
Inventory
Other Current Assets
Total non-current assets
Property, Plant & Equipment
Long-Term Investments
Total Liabilities
Current Liabilities
Accounts Payable
Current Debt
Deferred Revenue
Total Non Current Liabilities Net Minority Interest
Long-Term Debt
Other Long-Term Liabilities
Common Stock Equity
Working Capital
Invested Capital
Total Debt
Net Debt
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2,280M
191M
110M
0M
28M
4M
0M
-114M
2,110M
0M
28M
1,654M
105M
2M
52M
0M
1,549M
977M
0M
626M
0M
2,243M
1,617M
1,507M
2,523M
2,561M
2,405M
0M
28M
132M
-7M
-144M
28M
0M
28M
1,775M
104M
2M
705M
0M
1,671M
1,031M
14M
748M
0M
1,779M
1,737M
1,595M
2,632M
182M
51M
0M
3M
131M
-3M
-53M
37M
37M
2,414M
1,953M
820M
1M
819M
0M
1,083M
1,083M
9M
679M
0M
2,602M
1,083M
1,033M
1,929M
82M
75M
0M
0M
7M
0M
-76M
37M
37M
1,815M
1,456M
652M
0M
651M
0M
675M
675M
11M
473M
0M
1,800M
1,327M
1,252M
1,784M
48M
5M
0M
0M
42M
0M
-7M
38M
38M
1,682M
1,358M
561M
1M
561M
0M
607M
643M
10M
426M
0M
1,630M
607M
602M
1,603M
52M
11M
0M
0M
52M
0M
-52M
1,603M
0M
1,525M
1,178M
1M
1M
778M
0M
1,178M
379M
9M
426M
0M
805M
379M
368M
1,770M
1M
28M
0M
0M
1M
0M
-1M
1,770M
0M
1,726M
1,351M
745M
0M
745M
0M
1,351M
457M
4M
419M
0M
1,621M
379M
350M
1,374M
0M
47M
0M
0M
0M
0M
0M
1,374M
0M
1,314M
944M
579M
10M
579M
0M
944M
228M
3M
419M
0M
0M
150M
103M
1,379M
38M
9M
0M
30M
38M
0M
-38M
1,379M
0M
1,205M
922M
306M
0M
305M
0M
922M
872M
41M
409M
0M
0M
629M
620M
1,868M
22M
17M
0M
66M
22M
0M
-22M
1,868M
0M
1,666M
1,387M
525M
0M
524M
0M
1,387M
789M
35M
403M
0M
0M
1,121M
1,104M
1,177M
3M
20M
0M
17M
3M
0M
-6M
1,177M
0M
0M
771M
265M
0M
264M
0M
771M
560M
0M
406M
0M
0M
727M
707M
388M
2M
23M
0M
3M
2M
0M
-2M
388M
0M
354M
222M
114M
2M
112M
0M
222M
69M
4M
165M
0M
0M
212M
188M
8M
6M
1M
0M
0M
5M
0M
0M
1M
0M
0M
1M
1M
0M
0M
0M
0M
0M
0M
6M
0M
0M
0M
-1M
Concept
Total Assets
Current Assets
Cash, Cash Equivalents & Short Term Investments
Cash & Equivalents
Other Short Term Investments
Receivables
Inventory
Other Current Assets
Total non-current assets
Property, Plant & Equipment
Long-Term Investments
Total Liabilities
Current Liabilities
Accounts Payable
Current Debt
Deferred Revenue
Total Non Current Liabilities Net Minority Interest
Long-Term Debt
Other Long-Term Liabilities
Common Stock Equity
Working Capital
Invested Capital
Total Debt
Net Debt
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
2,280M
0M
110M
0M
28M
4M
0M
-114M
2,110M
0M
28M
1,654M
55M
2M
52M
0M
1,602M
977M
0M
626M
0M
2,243M
1,617M
1,507M
2,363M
211M
89M
0M
28M
105M
0M
-67M
28M
73M
28M
1,680M
105M
2M
655M
0M
1,576M
989M
0M
683M
0M
2,327M
1,644M
1,583M
2,400M
280M
171M
0M
28M
92M
-1M
-147M
28M
0M
2,228M
1,709M
105M
2M
105M
0M
1,604M
989M
19M
691M
0M
1,680M
989M
846M
2,444M
331M
182M
0M
28M
131M
-3M
-157M
28M
27M
2,201M
1,726M
105M
2M
105M
0M
1,622M
990M
15M
718M
0M
1,708M
990M
836M
2,523M
2,561M
2,405M
0M
28M
132M
-7M
-144M
28M
0M
28M
1,775M
104M
2M
705M
0M
1,671M
1,031M
14M
748M
0M
1,779M
1,737M
1,595M
2,727M
134M
105M
0M
28M
134M
-10M
-80M
2,727M
0M
2,509M
1,960M
828M
1M
827M
-600M
1,960M
1,076M
12M
767M
0M
2,670M
1,903M
1,826M
2,696M
93M
26M
0M
2,606M
68M
-50M
25M
2,696M
0M
2,606M
1,910M
833M
1M
832M
0M
1,023M
1,023M
10M
786M
0M
2,641M
1,855M
1,830M
2,516M
91M
14M
0M
2,422M
77M
0M
0M
2,516M
0M
2,422M
1,826M
720M
1M
719M
0M
1,056M
1,056M
10M
689M
0M
2,465M
1,775M
1,762M
2,632M
182M
51M
0M
2,414M
131M
0M
0M
2,632M
37M
2,414M
1,953M
820M
1M
819M
0M
1,083M
1,083M
9M
679M
0M
2,602M
1,083M
1,033M
2,467M
66M
16M
0M
0M
50M
0M
0M
2,467M
37M
2,363M
1,794M
636M
1M
635M
0M
1,107M
1,107M
10M
673M
0M
2,416M
1,743M
1,727M
2,257M
184M
76M
0M
0M
108M
0M
-108M
2,257M
37M
2,032M
1,578M
384M
1M
384M
0M
1,144M
1,144M
10M
679M
0M
2,206M
1,527M
1,452M
2,091M
136M
98M
0M
0M
38M
0M
60M
2,091M
37M
1,908M
1,515M
329M
18M
329M
0M
1,140M
1,140M
8M
576M
0M
2,044M
1,468M
1,371M
1,929M
82M
75M
0M
0M
7M
0M
-7M
1,929M
37M
1,815M
1,456M
652M
0M
651M
0M
675M
675M
11M
473M
0M
1,800M
1,327M
1,252M
1,949M
81M
81M
0M
0M
78M
0M
9M
1,949M
37M
1,778M
1,480M
687M
14M
687M
0M
666M
666M
9M
469M
0M
1,681M
1,353M
1,272M
2,021M
105M
73M
0M
0M
32M
0M
96M
2,021M
38M
1,890M
655M
55M
14M
55M
0M
655M
655M
10M
465M
0M
1,121M
655M
582M
2,101M
207M
74M
0M
0M
132M
0M
-132M
2,101M
38M
1,871M
1,635M
803M
1M
802M
0M
654M
654M
13M
466M
0M
1,805M
1,456M
1,382M
1,784M
48M
5M
0M
0M
42M
0M
-42M
1,784M
38M
1,682M
1,358M
561M
1M
561M
0M
607M
643M
10M
426M
0M
0M
607M
602M
1,675M
43M
6M
0M
0M
37M
0M
-37M
1,675M
38M
1,538M
1,249M
492M
1M
491M
0M
607M
607M
10M
426M
0M
0M
1,098M
1,092M
1,671M
129M
5M
0M
0M
124M
0M
-124M
1,671M
37M
1,488M
1,246M
1M
1M
55M
0M
606M
606M
9M
426M
0M
0M
606M
601M
1,618M
15M
13M
0M
0M
2M
0M
-2M
1,618M
37M
1,548M
1,193M
449M
1M
448M
0M
587M
1,172M
9M
425M
0M
0M
1,035M
1,022M
1,603M
64M
11M
0M
0M
52M
0M
-52M
1,603M
0M
1,525M
1,178M
1M
1M
778M
0M
379M
379M
9M
426M
0M
0M
379M
368M
1,732M
61M
5M
0M
0M
56M
0M
-56M
1,732M
0M
1,659M
1,307M
716M
0M
716M
0M
445M
379M
5M
424M
0M
0M
1,161M
1,156M
1,818M
57M
5M
0M
0M
52M
0M
-52M
1,818M
0M
1,746M
1,395M
805M
0M
804M
0M
445M
379M
4M
422M
0M
0M
1,249M
1,244M
1,744M
72M
5M
0M
0M
67M
0M
-67M
1,744M
0M
1,658M
1,323M
738M
0M
738M
0M
436M
379M
4M
421M
0M
0M
1,174M
1,168M
1,770M
29M
28M
0M
0M
1M
0M
-1M
1,770M
0M
1,726M
1,351M
745M
0M
745M
0M
379M
379M
4M
419M
0M
0M
379M
350M
1,587M
29M
28M
0M
0M
1M
0M
-1M
1,587M
0M
1,543M
1,167M
556M
0M
556M
0M
479M
423M
4M
421M
0M
0M
1,035M
1,007M
1,663M
7M
6M
0M
0M
1M
0M
-1M
1,663M
0M
1,641M
1,246M
669M
0M
669M
0M
495M
422M
4M
417M
0M
0M
1,164M
1,158M
1,429M
45M
44M
0M
0M
1M
0M
-1M
1,429M
0M
1,372M
1,011M
487M
0M
487M
0M
457M
421M
3M
418M
0M
0M
944M
900M
1,374M
47M
47M
0M
0M
0M
0M
0M
1,374M
0M
1,314M
944M
579M
10M
579M
0M
150M
150M
3M
419M
0M
0M
150M
103M
1,565M
80M
42M
0M
0M
38M
0M
-38M
1,565M
0M
1,474M
1,100M
608M
0M
607M
0M
285M
207M
4M
418M
0M
0M
892M
850M
1,332M
7M
5M
0M
12M
2M
0M
-2M
1,332M
0M
1,100M
878M
408M
0M
408M
0M
175M
175M
92M
407M
0M
0M
583M
578M
1,422M
34M
6M
0M
26M
28M
0M
-28M
61M
0M
1,268M
968M
415M
0M
415M
0M
255M
305M
38M
407M
0M
0M
670M
664M
1,379M
47M
9M
0M
30M
38M
0M
-38M
62M
0M
1,205M
922M
306M
0M
305M
0M
324M
349M
41M
409M
0M
0M
629M
620M
1,502M
14M
10M
0M
27M
3M
0M
-3M
60M
0M
1,364M
1,011M
394M
0M
394M
0M
353M
436M
43M
408M
0M
0M
747M
736M
1,545M
11M
8M
0M
27M
3M
0M
-3M
60M
0M
1,411M
1,056M
350M
0M
350M
0M
399M
451M
34M
405M
0M
0M
749M
741M
1,590M
13M
9M
0M
30M
4M
0M
-4M
59M
0M
1,451M
1,103M
417M
0M
417M
0M
409M
549M
40M
403M
0M
0M
826M
817M
1,868M
38M
17M
0M
66M
22M
0M
-22M
59M
0M
1,666M
1,387M
525M
0M
524M
0M
596M
789M
35M
403M
0M
0M
1,121M
1,104M
1,402M
22M
11M
0M
24M
11M
0M
-11M
60M
0M
1,263M
1,001M
212M
0M
211M
0M
596M
614M
36M
401M
0M
0M
807M
796M
1,422M
88M
20M
0M
24M
68M
0M
-63M
59M
0M
1,217M
1,018M
320M
0M
320M
0M
529M
511M
39M
404M
0M
0M
849M
829M
1,258M
33M
30M
0M
23M
2M
0M
-2M
60M
0M
1,111M
854M
278M
0M
277M
0M
527M
463M
40M
404M
0M
0M
805M
774M
1,177M
23M
20M
0M
17M
3M
0M
-6M
60M
0M
1,048M
771M
265M
0M
264M
0M
463M
463M
34M
406M
0M
0M
727M
707M
840M
13M
13M
0M
22M
0M
0M
0M
61M
0M
717M
429M
225M
10M
225M
0M
151M
81M
44M
411M
0M
0M
376M
363M
581M
44M
40M
0M
5M
3M
0M
-3M
581M
0M
526M
186M
72M
3M
69M
0M
100M
68M
6M
395M
0M
0M
169M
129M
388M
25M
23M
0M
4M
2M
0M
-2M
388M
0M
410M
222M
114M
2M
112M
0M
99M
70M
5M
165M
0M
0M
212M
188M
388M
23M
27M
0M
3M
2M
0M
0M
5M
0M
354M
222M
11M
5M
112M
0M
73M
69M
4M
165M
0M
0M
212M
188M
220M
217M
215M
0M
191M
1M
0M
2M
3M
0M
191M
54M
3M
3M
49M
0M
51M
49M
0M
167M
0M
0M
49M
-24M
171M
168M
166M
0M
78M
1M
0M
2M
3M
0M
78M
4M
2M
1M
0M
0M
1M
0M
0M
168M
0M
0M
0M
-87M
85M
83M
5M
0M
1M
1M
1M
77M
2M
0M
77M
56M
2M
2M
47M
0M
54M
47M
0M
29M
0M
0M
47M
43M
8M
0M
0M
0M
0M
0M
0M
0M
0M
0M
0M
1M
0M
0M
0M
0M
0M
0M
0M
6M
0M
0M
0M
0M