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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and FrontView REIT, Inc. (FVR). Click either name above to swap in a different company.

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $13.2M, roughly 1.2× Ares Commercial Real Estate Corp). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -29.2%, a 4.4% gap on every dollar of revenue.

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.

ACRE vs FVR — Head-to-Head

Bigger by revenue
FVR
FVR
1.2× larger
FVR
$16.5M
$13.2M
ACRE
Higher net margin
FVR
FVR
4.4% more per $
FVR
-24.9%
-29.2%
ACRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACRE
ACRE
FVR
FVR
Revenue
$13.2M
$16.5M
Net Profit
$-3.9M
$-4.1M
Gross Margin
Operating Margin
-29.2%
Net Margin
-29.2%
-24.9%
Revenue YoY
-24.5%
Net Profit YoY
63.8%
EPS (diluted)
$-0.19

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.

Revenue
ACRE
ACRE
FVR
FVR
Q4 25
$13.2M
$16.5M
Q3 25
$14.1M
$16.8M
Q2 25
$12.6M
$17.6M
Q1 25
$14.9M
$16.2M
Q4 24
$17.5M
Q3 24
$16.7M
$14.5M
Q2 24
$16.8M
Q1 24
$18.7M
Net Profit
ACRE
ACRE
FVR
FVR
Q4 25
$-3.9M
$-4.1M
Q3 25
$4.7M
$4.0M
Q2 25
$-11.0M
$-2.9M
Q1 25
$9.3M
$-833.0K
Q4 24
$-10.7M
Q3 24
$-5.9M
$-2.4M
Q2 24
$-6.1M
Q1 24
$-12.3M
Operating Margin
ACRE
ACRE
FVR
FVR
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%
Net Margin
ACRE
ACRE
FVR
FVR
Q4 25
-29.2%
-24.9%
Q3 25
33.0%
23.9%
Q2 25
-87.8%
-16.5%
Q1 25
62.5%
-5.1%
Q4 24
-60.9%
Q3 24
-35.3%
-16.7%
Q2 24
-36.5%
Q1 24
-65.9%
EPS (diluted)
ACRE
ACRE
FVR
FVR
Q4 25
$-0.19
Q3 25
$0.19
Q2 25
$-0.16
Q1 25
$-0.06
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACRE
ACRE
FVR
FVR
Cash + ST InvestmentsLiquidity on hand
$29.3M
$13.5M
Total DebtLower is stronger
$948.2M
$314.3M
Stockholders' EquityBook value
$509.6M
$391.2M
Total Assets
$1.6B
$854.4M
Debt / EquityLower = less leverage
1.86×
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACRE
ACRE
FVR
FVR
Q4 25
$29.3M
$13.5M
Q3 25
$84.9M
$19.6M
Q2 25
$90.0M
$8.4M
Q1 25
$125.5M
$3.3M
Q4 24
$63.8M
Q3 24
$68.9M
Q2 24
$70.6M
Q1 24
$99.5M
Total Debt
ACRE
ACRE
FVR
FVR
Q4 25
$948.2M
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q4 24
$718.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACRE
ACRE
FVR
FVR
Q4 25
$509.6M
$391.2M
Q3 25
$521.0M
$385.2M
Q2 25
$523.7M
$369.9M
Q1 25
$542.1M
$324.7M
Q4 24
$540.1M
Q3 24
$563.8M
$1.0K
Q2 24
$582.3M
Q1 24
$601.1M
Total Assets
ACRE
ACRE
FVR
FVR
Q4 25
$1.6B
$854.4M
Q3 25
$1.4B
$846.8M
Q2 25
$1.4B
$856.5M
Q1 25
$1.5B
$860.8M
Q4 24
$1.8B
Q3 24
$1.9B
$1.0K
Q2 24
$2.1B
Q1 24
$2.1B
Debt / Equity
ACRE
ACRE
FVR
FVR
Q4 25
1.86×
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
1.33×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACRE
ACRE
FVR
FVR
Operating Cash FlowLast quarter
$21.4M
$42.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACRE
ACRE
FVR
FVR
Q4 25
$21.4M
$42.1M
Q3 25
$3.8M
$8.3M
Q2 25
$4.9M
$9.3M
Q1 25
$8.0M
$8.1M
Q4 24
$35.5M
Q3 24
$8.4M
Q2 24
$8.7M
Q1 24
$11.4M
Cash Conversion
ACRE
ACRE
FVR
FVR
Q4 25
Q3 25
0.82×
2.06×
Q2 25
Q1 25
0.86×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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