Ares Real Estate Income Trust Inc. (ZARE)
As-reported financials and SEC filings for Ares Real Estate Income Trust Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Ares Real Estate Income Trust Inc.
Ares Real Estate Income Trust Inc. is a real estate investment trust that invests in and operates a diverse portfolio of real properties and real estate-related assets across the United States. Its portfolio includes residential, industrial, retail, office, and data center properties, as well as real estate debt and securities. The company serves income-focused investors by providing current income through cash distributions and aims to preserve capital while seeking long-term value appreciation.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Ares Real Estate Income Trust
- Revenue grew 19.5% to $499M in FY2025, in line with the 18.2% the year before.
- Operating margin is 66.5% in FY2025, -1.6 pp against 68.0% in FY2021.
- Most recent quarter Q2 FY2026: revenue $151M, up 27.8% from Q2 FY2025.
- Net loss widened to $68M in FY2025, from $37M in FY2024.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Ares Real Estate Income Trust’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Ares Real Estate Income Trust’s operating margin of 66.5% ranks in the 91st percentile of the 81 REITs reporting it. Ares Real Estate Income Trust’s revenue growth of +19.5% ranks in the 90th percentile of the 161 REITs reporting it. Ares Real Estate Income Trust’s net margin of -13.6% ranks in the 15th percentile of the 156 REITs reporting it.
No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $498.8M | $417.5M | $353.2M | $299.2M | $218.3M |
| Gross profit | — | — | — | — | — |
| Operating income | $331.6M | $281.3M | $234.4M | $195.3M | $148.6M |
| Net income | $-68.0M | $-37.1M | $-62.4M | $-40.0M | $30.8M |
| Diluted EPS | $-0.37 | $-0.20 | $-0.31 | $-0.21 | $0.20 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $40.1M | $19.6M | $15.1M | $13.3M | $10.6M |
| Current assets | — | — | — | — | — |
| Total assets | $7.27B | $5.73B | $4.64B | $4.17B | $2.99B |
| Current liabilities | — | — | — | — | — |
| Long-term debt | $2.97B | $2.70B | $1.96B | $1.62B | $1.36B |
| Total liabilities | $5.75B | $4.32B | $3.52B | $2.96B | $2.21B |
| Total equity | $1.31B | $1.41B | $1.11B | $1.19B | $776.4M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $253.6M | $-169.5M | $16.0M | $62.5M | $49.4M |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2026 | $151.2M | 27.8% | $-13.7M | $-0.06 |
| Q1 FY2026 | $145.1M | 24.7% | $-21.3M | $-0.10 |
| Q4 FY2025 | $141.4M | 31.0% | $-19.1M | $-0.05 |
| Q3 FY2025 | $122.7M | 14.4% | $-8.3M | $-0.05 |
| Q2 FY2025 | $118.3M | 15.0% | $-22.6M | $-0.13 |
| Q1 FY2025 | $116.4M | 17.0% | $-18.0M | $-0.10 |
| Q4 FY2024 | $107.9M | 15.0% | $-5.5M | $-0.02 |
| Q3 FY2024 | $107.3M | 17.6% | $-2.3M | $-0.01 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest reit peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.