SequelSEC

Ares Real Estate Income Trust Inc. ZARE

Real Estate Investment Trusts · CIK 0001327978 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$498.84M
Fiscal year ended 2025-12-31
Operating income
$331.58M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Ares Real Estate Income Trust Inc. (ZARE) reported revenue of $498.84M and net income of -$68.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Ares Real Estate Income Trust Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.

Income

Ares Real Estate Income Trust Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$498.84M$417.49M$353.17M$299.22M$218.35M$186.59M$184.67M$190.32M$197.35M$216.17M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$61.06M$61.67M$66.53MUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$130.81MUnavailable
Operating income$331.58M$281.26M$234.38M$195.27M$148.58M$121.87M$123.38M$127.96M$129.99M$149.64M
Net income-$68.00M-$37.14M-$62.43M-$39.98M$30.75M-$14.91M$153.28MUnavailableUnavailableUnavailable
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 342.37Mshares 305.18Mshares 267.56Mshares 233.30Mshares 174.33Mshares 154.05Mshares 147.32Mshares 139.67Mshares 154.16Mshares 172.05M
Pretax income-$109.23M-$45.50M-$83.21M-$49.66MUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Income tax expense$17.95M$11.84M$0$0UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Diluted EPS$-0.37$-0.20$-0.31$-0.21$0.20$-0.10$1.04$-0.01$0.51$0.31
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$13.66M$12.81M$11.82M$10.57M$8.80M$7.55M$7.89M$8.82M$9.24M$9.45M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Ares Real Estate Income Trust Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$40.06M$19.55M$15.05M$13.34M$10.60M$11.27M$97.77M$10.01M$10.48M$13.86M
Total assets$7.27B$5.73B$4.64B$4.17B$2.99B$2.11B$1.78B$1.58B$1.61B$1.78B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$5.75B$4.32B$3.52B$2.96B$2.21B$1.61B$1.23B$1.17B$1.12B$1.18B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$1.31B$1.41B$1.11B$1.19B$776.43M$497.89M$550.29M$411.01M$492.73M$608.09M
Temporary (mezzanine) equity$211.54M$9.38M$11.75M$18.13M$8.99M$3.80M$0UnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$2.97B$2.70B$1.96B$1.62B$1.36B$965.30M$846.57M$1.00B$1.01B$1.05B
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Ares Real Estate Income Trust Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$253.64M-$169.49M$15.96M$62.53M$49.39M$41.13M$49.35M$67.52M$58.92M$87.37M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$1.61B-$919.13M-$521.55M-$1.18B-$706.71M-$420.26M-$92.91M-$17.98M$106.46M$113.20M
Financing cash flow$1.37B$1.10B$508.08M$1.13B$649.94M$293.08M$134.31M-$51.51M-$167.50M-$213.59M
Net change in cash$18.33M$7.75M$2.48M$2.83M-$7.38M-$86.05M$90.74M-$1.98M-$2.13M-$13.02M
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common dividends paid$94.64M$78.32M$61.23M$49.60M$37.82M$34.34M$29.12M$28.74M$37.53M$37.65M
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$196.81M$152.78M$149.98M$134.62M$74.42M$62.92M$57.34M$57.87M$68.07M$80.10M

Derived

Ares Real Estate Income Trust Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable66.3%Unavailable
Operating margin66.5%67.4%66.4%65.3%68.0%65.3%66.8%67.2%65.9%69.2%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth19.5%18.2%18.0%37.0%17.0%1.0%-3.0%-3.6%-8.7%Unavailable
Net margin-13.6%-8.9%-17.7%-13.4%14.1%-8.0%83.0%UnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity2.27xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ZARE in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-12View SEC filing
10-Q · Filed 2026-05-13View SEC filing
10-K · Filed 2026-03-06View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-13View SEC filing
10-Q · Filed 2025-05-09View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2019-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2018-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.