English

ARES REAL ESTATE INCOME TRUST INC.

EDGAR

ZARE Current report (8-K) · filed 2026-10-15

Annual consolidated revenue for 2025: about USD 498.8M, using the latest reported figures. The previous period, 2024, was about USD 417.5M.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

151 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 151159000 USD Source

Operating margin

70.18%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 106085000 USD Source
Revenue: 151159000 USD Source

Operating cash flow

189 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 26786000 USD Source
Operating Cash Flow: -162598000 USD Source

Cash and cash equivalents: 41.1 million USD 2026-06-30 Source
Exact value

41129000 USD
Long-term debt including current maturities: 2.54 billion USD 2026-06-30 Source
Exact value

2542960000 USD
Shares outstanding: 140 million shares 2017-09-30 Source
Exact value

139949658 shares

Reported share-count change

-8.57% · -13.1 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

153068872 shares · 2016-09-30· Source
139949658 shares · 2017-09-30· Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-15.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 8 of 11 periods available· newest 2025-12-31
Operating income: 8 of 11 periods available· newest 2025-12-31
Net income: 3 of 11 periods available· newest 2025-12-31
Operating cash flow: 8 of 11 periods available· newest 2025-12-31
capital expenditure: No compatible figures in this window
Total assets: 7 of 11 periods available· newest 2025-12-31
Total liabilities: 7 of 11 periods available· newest 2025-12-31
current assets: No compatible figures in this window
current liabilities: No compatible figures in this window
Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 7 of 11 periods available· newest 2025-12-31
Shares outstanding: 2 of 11 periods available· newest 2016-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+19.5%

Prior period

USD 417.49 million

2024-01-01 – 2024-12-31
Current period

USD 498.84 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

498835000 − 417493000 = 81342000 USD

417493000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
498835000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · ARES REAL ESTATE INCOME TRUST INC. · 2025-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Year-over-year change in Revenue: 81342000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 498835000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#2185335 Filing: 000162828026015437 Input fundies:Revenue: 417493000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#2185961 Filing: 000162828026015437
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 30.87 million

Prior period

−USD 37.14 million

2024-01-01 – 2024-12-31
Current period

−USD 68 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-68004000 − -37135000 = -30869000 USD

-37135000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-68004000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · ARES REAL ESTATE INCOME TRUST INC. · 2025-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Year-over-year change in Net income: -30869000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -68004000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#4022289 Filing: 000162828026015437 Input fundies:NetIncome: -37135000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#4023159 Filing: 000162828026015437
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+USD 423.14 million

Prior period

−USD 169.49 million

2024-01-01 – 2024-12-31
Current period

USD 253.64 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

253643000 − -169493000 = 423136000 USD

-169493000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
253643000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · ARES REAL ESTATE INCOME TRUST INC. · 2025-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Year-over-year change in Operating cash flow: 423136000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 253643000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#2508870 Filing: 000162828026015437 Input fundies:OperatingCashFlow: -169493000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#2509530 Filing: 000162828026015437
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 498.84 million 100% of revenue
Operating costs Derived USD 167.25 million 34% of revenue
Operating income USD 331.58 million 66% of revenue
Tax, interest and other Derived USD 399.59 million 80% of revenue
Net income −USD 68 million −14% of revenue

Cash

Operating cash flow USD 253.64 million 51% of revenue
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2015 Not shown: operating income or net income is not reported.
2016 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2019 Not shown: operating income or net income is not reported.
2023 Net loss: net income was −18% of revenue.
2024 Net loss: net income was −8.9% of revenue.
2025 Net loss: net income was −14% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2015 2015-01-01 – 2015-12-31	225200000	66512000 Derived	158688000	Unavailable	Unavailable	Unavailable	Source 2015-01-01 – 2015-12-31: 225200000 USD Inspect Revenue Open source 2015-01-01 – 2015-12-31: 158688000 USD Inspect Operating Income Open source 2015-01-01 – 2015-12-31: 105530000 USD Inspect Operating Cash Flow Open source
2016 2016-01-01 – 2016-12-31	216170000	66530000 Derived	149640000	Unavailable	Unavailable	Unavailable	Source 2016-01-01 – 2016-12-31: 216170000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 149640000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 87371000 USD Inspect Operating Cash Flow Open source
2017 2017-01-01 – 2017-12-31	197346000	67360000 Derived	129986000	Unavailable	Unavailable	Unavailable	Source 2017-01-01 – 2017-12-31: 197346000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 129986000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 58920000 USD Inspect Operating Cash Flow Open source
2018 2018-01-01 – 2018-12-31	190325000	62361000 Derived	127964000	Unavailable	Unavailable	Unavailable	Source 2018-01-01 – 2018-12-31: 190325000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 127964000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 67516000 USD Inspect Operating Cash Flow Open source
2019 2019-01-01 – 2019-12-31	184668000	61287000 Derived	123381000	Unavailable	Unavailable	Unavailable	Source 2019-01-01 – 2019-12-31: 184668000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 123381000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 49348000 USD Inspect Operating Cash Flow Open source
2023 2023-01-01 – 2023-12-31	353170000	118794000 Derived	234376000	296803000 Derived	-62427000	Unavailable	Source 2023-01-01 – 2023-12-31: 353170000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 234376000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -62427000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 15958000 USD Inspect Operating Cash Flow Open source
2024 2024-01-01 – 2024-12-31	417493000	136232000 Derived	281261000	318396000 Derived	-37135000	Unavailable	Source 2024-01-01 – 2024-12-31: 417493000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 281261000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -37135000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: -169493000 USD Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	498835000	167252000 Derived	331583000	399587000 Derived	-68004000	Unavailable	Source 2025-01-01 – 2025-12-31: 498835000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 331583000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -68004000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 253643000 USD Inspect Operating Cash Flow Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 498.8M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20152015-12-31	Revenue	225200000	Revenue: 225200000 Open source
20162016-12-31	Revenue	216170000	Revenue: 216170000 Open source
20172017-12-31	Revenue	197346000	Revenue: 197346000 Open source
20182018-12-31	Revenue	190325000	Revenue: 190325000 Open source
20192019-12-31	Revenue	184668000	Revenue: 184668000 Open source
20232023-12-31	Revenue	353170000	Revenue: 353170000 Open source
20242024-12-31	Revenue	417493000	Revenue: 417493000 Open source
20252025-12-31	Revenue	498835000	Revenue: 498835000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

19.5% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Year over year	No prior comparable period	Revenue: 225200000 Open source
20162016-12-31	Year over year	-4%	Revenue: 216170000 Open source Revenue: 225200000 Open source
20172017-12-31	Year over year	-8.7%	Revenue: 197346000 Open source Revenue: 216170000 Open source
20182018-12-31	Year over year	-3.6%	Revenue: 190325000 Open source Revenue: 197346000 Open source
20192019-12-31	Year over year	-3%	Revenue: 184668000 Open source Revenue: 190325000 Open source
20232023-12-31	Year over year	No prior comparable period	Revenue: 353170000 Open source
20242024-12-31	Year over year	18.2%	Revenue: 417493000 Open source Revenue: 353170000 Open source
20252025-12-31	Year over year	19.5%	Revenue: 498835000 Open source Revenue: 417493000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 66.5% 2025

Net margin -13.6% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Operating margin	70.5%	Operating Income: 158688000 Open source Revenue: 225200000 Open source
20162016-12-31	Operating margin	69.2%	Operating Income: 149640000 Open source Revenue: 216170000 Open source
20172017-12-31	Operating margin	65.9%	Operating Income: 129986000 Open source Revenue: 197346000 Open source
20182018-12-31	Operating margin	67.2%	Operating Income: 127964000 Open source Revenue: 190325000 Open source
20192019-12-31	Operating margin	66.8%	Operating Income: 123381000 Open source Revenue: 184668000 Open source
20232023-12-31	Operating margin	66.4%	Operating Income: 234376000 Open source Revenue: 353170000 Open source
20242024-12-31	Operating margin	67.4%	Operating Income: 281261000 Open source Revenue: 417493000 Open source
20252025-12-31	Operating margin	66.5%	Operating Income: 331583000 Open source Revenue: 498835000 Open source
2015-12-31	Net margin	Not reported	Revenue: 225200000 Open source
2016-12-31	Net margin	Not reported	Revenue: 216170000 Open source
2017-12-31	Net margin	Not reported	Revenue: 197346000 Open source
2018-12-31	Net margin	Not reported	Revenue: 190325000 Open source
2019-12-31	Net margin	Not reported	Revenue: 184668000 Open source
20232023-12-31	Net margin	-17.7%	Net Income: -62427000 Open source Revenue: 353170000 Open source
20242024-12-31	Net margin	-8.9%	Net Income: -37135000 Open source Revenue: 417493000 Open source
20252025-12-31	Net margin	-13.6%	Net Income: -68004000 Open source Revenue: 498835000 Open source
20152015-12-31	Free cash flow margin	Not reported	Revenue: 225200000 Open source Operating Cash Flow: 105530000 Open source
20162016-12-31	Free cash flow margin	Not reported	Revenue: 216170000 Open source Operating Cash Flow: 87371000 Open source
20172017-12-31	Free cash flow margin	Not reported	Revenue: 197346000 Open source Operating Cash Flow: 58920000 Open source
20182018-12-31	Free cash flow margin	Not reported	Revenue: 190325000 Open source Operating Cash Flow: 67516000 Open source
20192019-12-31	Free cash flow margin	Not reported	Revenue: 184668000 Open source Operating Cash Flow: 49348000 Open source
20232023-12-31	Free cash flow margin	Not reported	Revenue: 353170000 Open source Operating Cash Flow: 15958000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 417493000 Open source Operating Cash Flow: -169493000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 498835000 Open source Operating Cash Flow: 253643000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 253.6M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20152015-12-31	Operating cash flow	105530000	Operating Cash Flow: 105530000 Open source
20162016-12-31	Operating cash flow	87371000	Operating Cash Flow: 87371000 Open source
20172017-12-31	Operating cash flow	58920000	Operating Cash Flow: 58920000 Open source
20182018-12-31	Operating cash flow	67516000	Operating Cash Flow: 67516000 Open source
20192019-12-31	Operating cash flow	49348000	Operating Cash Flow: 49348000 Open source
20232023-12-31	Operating cash flow	15958000	Operating Cash Flow: 15958000 Open source
20242024-12-31	Operating cash flow	-169493000	Operating Cash Flow: -169493000 Open source
20252025-12-31	Operating cash flow	253643000	Operating Cash Flow: 253643000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20152015-12-31	Free cash flow	Unavailable	Operating Cash Flow: 105530000 Open source
20162016-12-31	Free cash flow	Unavailable	Operating Cash Flow: 87371000 Open source
20172017-12-31	Free cash flow	Unavailable	Operating Cash Flow: 58920000 Open source
20182018-12-31	Free cash flow	Unavailable	Operating Cash Flow: 67516000 Open source
20192019-12-31	Free cash flow	Unavailable	Operating Cash Flow: 49348000 Open source
20232023-12-31	Free cash flow	Unavailable	Operating Cash Flow: 15958000 Open source
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: -169493000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: 253643000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

79.1% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Liabilities / assets	63%	Total Liabilities: 1234940000 Open source Total Assets: 1960891000 Open source
20162016-12-31	Liabilities / assets	65.9%	Total Liabilities: 1175637000 Open source Total Assets: 1783728000 Open source
20172017-12-31	Liabilities / assets	69.4%	Total Liabilities: 1115380000 Open source Total Assets: 1608106000 Open source
20182018-12-31	Liabilities / assets	74%	Total Liabilities: 1170089000 Open source Total Assets: 1581102000 Open source
20192019-12-31	Liabilities / assets	69.1%	Total Liabilities: 1227977000 Open source Total Assets: 1778265000 Open source
2023-12-31	Liabilities / assets	Not reported	No source recorded
20242024-12-31	Liabilities / assets	75.3%	Total Liabilities: 4315897000 Open source Total Assets: 5731249000 Open source
20252025-12-31	Liabilities / assets	79.1%	Total Liabilities: 5746004000 Open source Total Assets: 7268524000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2015-12-31	Current assets / current liabilities	Not reported	No source recorded
2016-12-31	Current assets / current liabilities	Not reported	No source recorded
2017-12-31	Current assets / current liabilities	Not reported	No source recorded
2018-12-31	Current assets / current liabilities	Not reported	No source recorded
2019-12-31	Current assets / current liabilities	Not reported	No source recorded
2023-12-31	Current assets / current liabilities	Not reported	No source recorded
2024-12-31	Current assets / current liabilities	Not reported	No source recorded
2025-12-31	Current assets / current liabilities	Not reported	No source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2015 2015-01-01 – 2015-12-31	Unavailable Not reported for this period.	USD 105.53 million Exact value Exact value: 105530000 USD 2015-01-01 – 2015-12-31: 105530000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2015-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: 105530000 USD Concept: fundies:OperatingCashFlow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 105530000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000132797818000020/ck0001327978-20171231.xml#653939 Filing: 000132797818000020 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2016 2016-01-01 – 2016-12-31	Unavailable Not reported for this period.	USD 87.37 million Exact value Exact value: 87371000 USD 2016-01-01 – 2016-12-31: 87371000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2016-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: 87371000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 87371000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000132797819000022/ck0001327978-20181231.xml#645744 Filing: 000132797819000022 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2017 2017-01-01 – 2017-12-31	Unavailable Not reported for this period.	USD 58.92 million Exact value Exact value: 58920000 USD 2017-01-01 – 2017-12-31: 58920000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2017-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: 58920000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 58920000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000132797820000019/ck0001327978-20191231.xml#693035 Filing: 000132797820000019 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2018 2018-01-01 – 2018-12-31	Unavailable Not reported for this period.	USD 67.52 million Exact value Exact value: 67516000 USD 2018-01-01 – 2018-12-31: 67516000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2018-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: 67516000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 67516000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000132797820000019/ck0001327978-20191231.xml#693246 Filing: 000132797820000019 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2019 2019-01-01 – 2019-12-31	Unavailable Not reported for this period.	USD 49.35 million Exact value Exact value: 49348000 USD 2019-01-01 – 2019-12-31: 49348000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2019-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: 49348000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 49348000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000132797820000019/ck0001327978-20191231.xml#693457 Filing: 000132797820000019 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2023 2023-01-01 – 2023-12-31	−USD 62.43 million Exact value Exact value: -62427000 USD 2023-01-01 – 2023-12-31: -62427000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES REAL ESTATE INCOME TRUST INC. · 2023-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Net Income: -62427000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -62427000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#4024030 Filing: 000162828026015437 The citation records this snapshot. The page link may show a newer release later.	USD 15.96 million Exact value Exact value: 15958000 USD 2023-01-01 – 2023-12-31: 15958000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2023-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: 15958000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 15958000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#2510194 Filing: 000162828026015437 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2024 2024-01-01 – 2024-12-31	−USD 37.14 million Exact value Exact value: -37135000 USD 2024-01-01 – 2024-12-31: -37135000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES REAL ESTATE INCOME TRUST INC. · 2024-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Net Income: -37135000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -37135000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#4023159 Filing: 000162828026015437 The citation records this snapshot. The page link may show a newer release later.	−USD 169.49 million Exact value Exact value: -169493000 USD 2024-01-01 – 2024-12-31: -169493000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2024-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: -169493000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -169493000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#2509530 Filing: 000162828026015437 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2025 2025-01-01 – 2025-12-31	−USD 68 million Exact value Exact value: -68004000 USD 2025-01-01 – 2025-12-31: -68004000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ARES REAL ESTATE INCOME TRUST INC. · 2025-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Net Income: -68004000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: -68004000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#4022289 Filing: 000162828026015437 The citation records this snapshot. The page link may show a newer release later.	USD 253.64 million Exact value Exact value: 253643000 USD 2025-01-01 – 2025-12-31: 253643000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ARES REAL ESTATE INCOME TRUST INC. · 2025-12-31 ARES REAL ESTATE INCOME TRUST INC. (edgar:1327978) Operating Cash Flow: 253643000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:55:21Z Snapshot: ab7291e109439c7a53d70eff8fcff906ad77b6e891061f0da0f95d45cb81c23c Dimensions: Consolidated View: https://fundies.io/companies/edgar/1327978/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 253643000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026015437/are-20251231.htm#2508870 Filing: 000162828026015437 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

103 filings · 6,075 latest values · 6,075 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001327978, 1327978, ZARE, edgar:1327978

Also known as ARES REAL ESTATE INCOME TRUST INC., ARES REAL ESTATE INCOME TRUST INC., Ares Real Estate Income Trust Inc., Ares Real Estate Income Trust Inc., BLACK CREEK DIVERSIFIED PROPERTY FUND INC., Black Creek Diversified Property Fund Inc., Dividend Capital Diversified Property Fund Inc., Dividend Capital Total Realty Trust Inc.

ARES REAL ESTATE INCOME TRUST INC.

Latest quarter

Revenue

Operating margin

Operating cash flow

Reported share-count change

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation