)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Ares Commercial Real Estate (ACRE) investor relations material
Ares Commercial Real Estate Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Reported GAAP net income of $5 million ($0.08 per diluted share) for Q3 2025, reversing a prior year loss, with distributable earnings of $6 million ($0.10 per diluted share) and $7 million ($0.13 per share) excluding realized losses.
Book value per share was $9.47 at quarter-end, with a declared Q4 dividend of $0.15 per share (annualized yield ~14%).
Sequential earnings growth, stable CECL reserves, and consistent book value per share were achieved while reducing net debt-to-equity ratio.
Over $360 million in new loan commitments since the start of Q3, with $271 million closed after quarter-end.
Nearly $500 million in repayments collected year-to-date, enhancing liquidity.
Financial highlights
Net interest margin for Q3 2025 was $8.5 million, with total revenue of $14.1 million and interest income of $23.3 million.
Available capital stood at $173 million, including $88 million in cash as of September 30, 2025.
Outstanding borrowings reduced to $811 million, down 9% quarter-over-quarter and 40% year-over-year.
Loans held for investment at September 30, 2025: $1.23 billion carrying amount, $1.29 billion principal.
Book value stood at $521 million ($9.47 per share), or $11.60 per share excluding CECL reserve.
Outlook and guidance
Focused on resolving non-accrual and risk-rated 4 and 5 loans (~$170 million carrying value) and redeploying capital to expand the loan portfolio.
Targeting a return to portfolio growth in the first half of 2026.
Management anticipates additional repayments will further increase liquidity and support more investment activity.
The board extended the $50 million stock repurchase program through July 2026.
Primary sources of cash expected to be sufficient for operating and investing activities for at least the next 12 months.
Risk rated 4/5 loan exposure update?
Available capital deployment for new commitments?
Future CECL reserve adjustments outlook?
How do co-investments shape ACRE's portfolio?
Strategy for risk 4/5 loan resolution?
What defines the improved risk profile of new loans?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Ares Commercial Real Estate earnings date
Q4 202512 Feb, 2026
Next Ares Commercial Real Estate earnings date
Q4 202512 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It focuses on directly originating, acquiring, financing, and managing CRE senior loans, subordinate financings, and other CRE debt and equity investments through its national direct origination platform
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage