Ares Real Estate Income Trust Inc. Income Statement
ZARE|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$499M
FY2025
Gross Profit
N/A
FY2025
Operating Income
$332M
FY2025
Net Income
-$68M
FY2025
Ares Real Estate Income Trust Inc. reported $499M in revenue and $68M in net loss for FY2025. Revenue has grown at a 6.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.25 (distress zone, below 1.23 threshold)
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
- Negative return on equity: -10.4% ROE
- High leverage: Debt-to-equity ratio of 4.53
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $498.8M | $417.5M | $353.2M | $299.2M | $218.3M | $186.6M | $184.7M | $190.3M | $197.3M | $216.2M | $225.2M | $231.6M | $217.8M | $216.3M | $218.9M |
| Cost of Revenue | - | - | - | - | - | - | $61.1M | $61.7M | $66.5M | - | - | - | - | - | - |
| SG&A Expense | $13.7M | $12.8M | $11.8M | $10.6M | $8.8M | $7.5M | $7.9M | $8.8M | $9.2M | $9.4M | $10.7M | $11.1M | $9.8M | $7.2M | $6.8M |
| Operating Income | $331.6M | $281.3M | $234.4M | $195.3M | $148.6M | $121.9M | $123.4M | $128.0M | $130.0M | $149.6M | $158.7M | - | - | - | $12.1M |
| Interest Expense | $142.1M | $116.9M | $148.5M | $140.4M | $70.5M | $58.7M | $48.2M | $48.4M | $42.3M | $40.8M | $47.5M | $61.9M | $65.3M | $69.8M | $74.4M |
| Income Tax | $18.0M | $11.8M | $0 | $0 | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | -$68.0M | -$37.1M | -$62.4M | -$40.0M | $30.8M | -$14.9M | $153.3M | -$1.3M | $79.4M | $55.0M | $123.6M | $29.2M | $52.5M | -$22.3M | -$57.7M |
| EPS (Basic) | -$0.31 | -$0.21 | $0.20 | -$0.10 | $1.04 | -$0.01 | $0.51 | $0.31 | $0.70 | - | - | - | - | - | - |
| EPS (Diluted) | -$0.31 | -$0.21 | $0.20 | -$0.10 | $1.04 | -$0.01 | $0.51 | $0.31 | $0.70 | $0.16 | $0.29 | -$0.12 | -$0.31 | -$0.11 | -$0.26 |
| Shares Outstanding | 267.6M | 233.3M | 174.3M | 154.1M | 147.3M | 139.7M | 154.2M | 172.0M | 188.8M | 164.1M | 178.4M | 176.0M | 178.1M | 182.3M | 182.7M |
| Operating Margin | 66.5% | 67.4% | 66.4% | 65.3% | 68.0% | 65.3% | 66.8% | 67.2% | 65.9% | 69.2% | 70.5% | - | - | - | 5.5% |
| Profit Margin | -13.6% | -8.9% | -17.7% | -13.4% | 14.1% | -8.0% | 83.0% | -0.7% | 40.2% | 25.5% | 54.9% | 12.6% | 24.1% | -10.3% | -26.4% |