ARES REAL ESTATE INCOME TRUST INC. financials
Source: EDGAR filings · Built 2026-06-19T01:48:47Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EBITDA | 528.39M | 434.04M | 384.36M | 329.89M | 222.99M | 184.79M |
| Net Debt | 2.93B | 2.68B | 1.95B | 1.60B | 1.35B | 954.04M |
| Operating Margin | 66.47% | 67.37% | 66.36% | 65.26% | 68.05% | 65.31% |
| Net Margin | -13.63% | -8.89% | -17.68% | -13.36% | 14.08% | -7.99% |
| Return on Equity (ROE) | -10.38% | -4.98% | -7.85% | -4.24% | 5.30% | -3.71% |
| Return on Assets (ROA) | -0.94% | -0.65% | -1.35% | -0.96% | 1.03% | -0.71% |
| Debt-to-Equity | 4.53× | 3.62× | 2.47× | 1.71× | 2.35× | 2.40× |
| Effective Tax Rate | -16.44% | -26.03% | 0.00% | 0.00% | — | — |
| Cash Conversion Ratio | -3.73× | 4.56× | -0.26× | -1.56× | 1.61× | -2.76× |
| Accruals Ratio | -0.04× | 0.02× | -0.02× | -0.02× | -0.01× | -0.03× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 498.83M | 417.49M | 353.17M | 299.22M | 218.35M | 186.59M |
| Operating Income (Loss) | 331.58M | 281.26M | 234.38M | 195.27M | 148.58M | 121.87M |
| Income Tax Expense (Benefit) | 17.95M | 11.84M | 0 | 0 | — | — |
| Net Income (Loss) Attributable to Parent | -68.00M | -37.13M | -62.43M | -39.98M | 30.75M | -14.91M |
| Earnings Per Share, Basic | $-0.37 | $-0.20 | $-0.31 | $-0.21 | $0.20 | $-0.10 |
| Weighted Average Number of Shares Outstanding, Basic | 183.52M | 188.34M | 203.29M | 194.04M | 154.77M | 142.27M |
| Earnings Per Share, Diluted | $-0.37 | $-0.20 | $-0.31 | $-0.21 | $0.20 | $-0.10 |
| Weighted Average Number of Shares Outstanding, Diluted | 342.37M | 305.18M | 267.56M | 233.30M | 174.33M | 154.05M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 40.06M | 19.55M | 15.05M | 13.34M | 10.61M | 11.27M |
| Assets | 7.27B | 5.73B | 4.64B | 4.17B | 2.99B | 2.11B |
| Long-term Debt | 2.97B | 2.70B | 1.96B | 1.62B | 1.36B | 965.30M |
| Liabilities | 5.75B | 4.32B | 3.52B | 2.96B | 2.21B | 1.61B |
| Stockholders' Equity Attributable to Parent | 655.45M | 745.82M | 795.30M | 943.26M | 579.73M | 401.65M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 253.64M | -169.49M | 15.96M | 62.53M | 49.39M | 41.13M |
| Net Cash Provided by (Used in) Investing Activities | -1.61B | -919.13M | -521.55M | -1.18B | -706.71M | -420.26M |
| Net Cash Provided by (Used in) Financing Activities | 1.37B | 1.10B | 508.07M | 1.13B | 649.94M | 293.08M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | 158.40M | 152.26M | 128.60M | 124.98M | 122.55M | 116.96M |
| Net Debt | 2.74B | 2.93B | 2.48B | 2.41B | 2.33B | 2.68B |
| Operating Margin | 68.92% | 68.95% | 64.58% | 66.05% | 65.88% | 69.65% |
| Net Margin | -14.68% | -13.52% | -6.75% | -19.08% | -15.49% | -5.11% |
| Return on Equity (ROE) | -3.08% | -2.92% | -1.32% | -3.46% | -2.61% | -0.74% |
| Return on Assets (ROA) | -0.28% | -0.26% | -0.13% | -0.39% | -0.32% | -0.10% |
| Debt-to-Equity | 4.03× | 4.53× | 4.09× | 3.76× | 3.42× | 3.62× |
| Effective Tax Rate | -10.83% | -4.11% | -194.58% | -4.06% | -15.74% | -46.04% |
| Cash Conversion Ratio | 7.63× | -8.52× | -10.96× | -9.67× | -11.15× | 36.31× |
| Accruals Ratio | 0.02× | -0.03× | -0.02× | -0.04× | -0.04× | 0.03× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 145.13M | 141.44M | 122.73M | 118.28M | 116.39M | 107.94M |
| Operating Income (Loss) | 100.03M | 97.52M | 79.26M | 78.13M | 76.68M | 75.18M |
| Income Tax Expense (Benefit) | 3.97M | 1.38M | 10.27M | 1.66M | 4.64M | 3.18M |
| Net Income (Loss) Attributable to Parent | -21.31M | -19.12M | -8.28M | -22.57M | -18.03M | -5.52M |
| Earnings Per Share, Basic | $-0.10 | $-0.10 | $-0.05 | $-0.13 | $-0.10 | $-0.03 |
| Weighted Average Number of Shares Outstanding, Basic | 211.07M | 183.52M | 179.22M | 178.40M | 178.63M | 188.34M |
| Earnings Per Share, Diluted | $-0.10 | $-0.10 | $-0.05 | $-0.13 | $-0.10 | $-0.03 |
| Weighted Average Number of Shares Outstanding, Diluted | 399.85M | 342.37M | 335.06M | 335.46M | 337.45M | 305.18M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 50.92M | 40.06M | 71.81M | 40.01M | 34.00M | 19.55M |
| Assets | 7.48B | 7.27B | 6.53B | 5.84B | 5.58B | 5.73B |
| Long-term Debt | 2.79B | 2.97B | 2.56B | 2.45B | 2.36B | 2.70B |
| Liabilities | 5.82B | 5.75B | 5.35B | 4.60B | 4.27B | 4.32B |
| Stockholders' Equity Attributable to Parent | 691.64M | 655.45M | 625.50M | 651.80M | 691.62M | 745.82M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -162.60M | 162.85M | 90.79M | 218.40M | 201.03M | -200.43M |
| Net Cash Provided by (Used in) Investing Activities | -53.30M | -843.97M | -765.94M | -298.82M | -44.05M | -429.16M |
| Payments for Repurchase of Common Stock | — | — | 94.47M | 66.34M | 39.40M | — |
| Net Cash Provided by (Used in) Financing Activities | 229.96M | 647.06M | 727.40M | 103.93M | -140.80M | 628.85M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ZARE CIK 0001327978),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.