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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and AvalonBay Communities (AVB). Click either name above to swap in a different company.
Ares Commercial Real Estate Corp is the larger business by last-quarter revenue ($13.2M vs $1.8M, roughly 7.2× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs -29.2%, a 9069.8% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (5.5% vs -24.5%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (1.1% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
ACRE vs AVB — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $1.8M |
| Net Profit | $-3.9M | $166.0M |
| Gross Margin | — | — |
| Operating Margin | -29.2% | — |
| Net Margin | -29.2% | 9040.6% |
| Revenue YoY | -24.5% | 5.5% |
| Net Profit YoY | 63.8% | -41.2% |
| EPS (diluted) | — | $1.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $1.8M | ||
| Q3 25 | $14.1M | $1.9M | ||
| Q2 25 | $12.6M | $1.6M | ||
| Q1 25 | $14.9M | $1.7M | ||
| Q4 24 | $17.5M | $1.7M | ||
| Q3 24 | $16.7M | $1.7M | ||
| Q2 24 | $16.8M | $1.8M | ||
| Q1 24 | $18.7M | $1.8M |
| Q4 25 | $-3.9M | $166.0M | ||
| Q3 25 | $4.7M | $381.3M | ||
| Q2 25 | $-11.0M | $268.7M | ||
| Q1 25 | $9.3M | $236.6M | ||
| Q4 24 | $-10.7M | $282.1M | ||
| Q3 24 | $-5.9M | $372.5M | ||
| Q2 24 | $-6.1M | $253.9M | ||
| Q1 24 | $-12.3M | $173.4M |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | — | ||
| Q2 25 | -87.8% | — | ||
| Q1 25 | 64.4% | — | ||
| Q4 24 | -61.0% | — | ||
| Q3 24 | -35.3% | — | ||
| Q2 24 | -36.5% | — | ||
| Q1 24 | -65.9% | — |
| Q4 25 | -29.2% | 9040.6% | ||
| Q3 25 | 33.0% | 20390.7% | ||
| Q2 25 | -87.8% | 16854.8% | ||
| Q1 25 | 62.5% | 13581.9% | ||
| Q4 24 | -60.9% | 16212.2% | ||
| Q3 24 | -35.3% | 21708.6% | ||
| Q2 24 | -36.5% | 13876.2% | ||
| Q1 24 | -65.9% | 9662.9% |
| Q4 25 | — | $1.18 | ||
| Q3 25 | — | $2.68 | ||
| Q2 25 | — | $1.88 | ||
| Q1 25 | — | $1.66 | ||
| Q4 24 | — | $1.99 | ||
| Q3 24 | — | $2.61 | ||
| Q2 24 | — | $1.78 | ||
| Q1 24 | — | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $187.2M |
| Total DebtLower is stronger | $948.2M | $9.3B |
| Stockholders' EquityBook value | $509.6M | $11.6B |
| Total Assets | $1.6B | $22.2B |
| Debt / EquityLower = less leverage | 1.86× | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $187.2M | ||
| Q3 25 | $84.9M | $123.3M | ||
| Q2 25 | $90.0M | $102.8M | ||
| Q1 25 | $125.5M | $53.3M | ||
| Q4 24 | $63.8M | $108.6M | ||
| Q3 24 | $68.9M | $552.4M | ||
| Q2 24 | $70.6M | $545.8M | ||
| Q1 24 | $99.5M | $287.9M |
| Q4 25 | $948.2M | $9.3B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.7B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | $718.5M | $8.1B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.4B | ||
| Q1 24 | — | $8.0B |
| Q4 25 | $509.6M | $11.6B | ||
| Q3 25 | $521.0M | $11.9B | ||
| Q2 25 | $523.7M | $11.9B | ||
| Q1 25 | $542.1M | $11.9B | ||
| Q4 24 | $540.1M | $11.9B | ||
| Q3 24 | $563.8M | $11.9B | ||
| Q2 24 | $582.3M | $11.7B | ||
| Q1 24 | $601.1M | $11.7B |
| Q4 25 | $1.6B | $22.2B | ||
| Q3 25 | $1.4B | $21.9B | ||
| Q2 25 | $1.4B | $21.8B | ||
| Q1 25 | $1.5B | $21.2B | ||
| Q4 24 | $1.8B | $21.0B | ||
| Q3 24 | $1.9B | $21.3B | ||
| Q2 24 | $2.1B | $21.0B | ||
| Q1 24 | $2.1B | $20.6B |
| Q4 25 | 1.86× | 0.80× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | 1.33× | 0.68× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.68× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.6M | $400.4M |
| Free Cash FlowOCF − Capex | — | $322.5M |
| FCF MarginFCF / Revenue | — | 17563.8% |
| Capex IntensityCapex / Revenue | — | 4246.2% |
| Cash ConversionOCF / Net Profit | — | 2.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.6M | $400.4M | ||
| Q3 25 | $3.8M | $477.0M | ||
| Q2 25 | $4.9M | $377.8M | ||
| Q1 25 | $8.0M | $415.9M | ||
| Q4 24 | $7.1M | $328.8M | ||
| Q3 24 | $8.4M | $486.2M | ||
| Q2 24 | $8.7M | $380.0M | ||
| Q1 24 | $11.4M | $412.9M |
| Q4 25 | — | $322.5M | ||
| Q3 25 | — | $402.2M | ||
| Q2 25 | — | $317.1M | ||
| Q1 25 | — | $367.5M | ||
| Q4 24 | — | $271.9M | ||
| Q3 24 | — | $434.2M | ||
| Q2 24 | — | $333.0M | ||
| Q1 24 | — | $375.4M |
| Q4 25 | — | 17563.8% | ||
| Q3 25 | — | 21507.4% | ||
| Q2 25 | — | 19896.0% | ||
| Q1 25 | — | 21098.3% | ||
| Q4 24 | — | 15626.2% | ||
| Q3 24 | — | 25305.2% | ||
| Q2 24 | — | 18195.7% | ||
| Q1 24 | — | 20914.5% |
| Q4 25 | — | 4246.2% | ||
| Q3 25 | — | 3998.4% | ||
| Q2 25 | — | 3806.1% | ||
| Q1 25 | — | 2776.7% | ||
| Q4 24 | — | 3271.1% | ||
| Q3 24 | — | 3026.3% | ||
| Q2 24 | — | 2568.9% | ||
| Q1 24 | — | 2088.6% |
| Q4 25 | — | 2.41× | ||
| Q3 25 | 0.82× | 1.25× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | 0.86× | 1.76× | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
