Balance Sheet

Current Liabilities	22.4m
Other Current Liabilities	22.4m
Non-Current Liabilities	1.6B
Long-Term Debt	1.6B
Other Non-Current Liabilities	14.6m

Currency: USD

	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	17	9	47	28	11	5	75	51	141	110
Cash Equivalents	17	9	47	28	11	5	75	51	141	110
Total Current Assets	17	9	47	28	11	5	75	51	141	110
PP&E Net	0	0	0	0	0	38	37	37	0	83
PP&E Gross	0	0	0	0	0	38	37	37	0	0
Accumulated Depreciation	0	0	0	0	0	1	2	2	0	0
Note Receivable	0	0	0	0	0	0	1 792	2 390	2 198	2 006
Long-Term Investments	1 725	1 267	1 314	1 726	1 525	1 683	0	0	28	28
Other Long-Term Assets	66	30	0	0	0	0	0	0	0	0
Other Assets	55	73	12	15	67	58	26	154	156	52
Total Assets	1 862 N/A	1 379 -26%	1 374 0%	1 770 +29%	1 603 -9%	1 784 +11%	1 930 +8%	2 632 +36%	2 523 -4%	2 280 -10%
Liabilities
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	10	10	10	10	12	12	14	21	25	22
Total Current Liabilities	10	10	10	10	12	12	14	21	25	22
Long-Term Debt	1 337	872	931	1 337	1 157	1 336	1 431	1 923	1 737	1 617
Minority Interest	78	47	11	0	0	0	0	0	0	0
Other Liabilities	35	41	3	4	9	10	11	9	14	15
Total Liabilities	1 459 N/A	970 -34%	955 -2%	1 351 +42%	1 178 -13%	1 358 +15%	1 457 +7%	1 953 +34%	1 776 -9%	1 654 -7%
Equity
Common Stock	0	0	0	0	0	0	0	1	1	1
Retained Earnings	18	12	1	2	4	2	25	29	73	187
Additional Paid In Capital	420	421	420	421	422	424	498	704	813	812
Other Equity	0	0	0	0	0	0	0	3	8	0
Total Equity	403 N/A	410 +2%	419 +2%	419 +0%	426 +2%	426 +0%	473 +11%	679 +43%	748 +10%	626 -16%
Total Liabilities & Equity	1 862 N/A	1 379 -26%	1 374 0%	1 770 +29%	1 603 -9%	1 784 +11%	1 930 +8%	2 632 +36%	2 523 -4%	2 280 -10%
Shares Outstanding
Common Shares Outstanding	29	29	29	29	29	29	33	47	54	54

Ares Commercial Real Estate Corp
NYSE:ACRE