Revenue
158 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 158473000 USD Source
Fundies. English
Ares Industrial Real Estate Income Trust Inc.
EDGARAnnual consolidated revenue for 2025: about USD 592.3M, using the latest reported figures. The previous period, 2024, was about USD 525.9M.
Latest quarter
Operating margin
75.59%
2026 Q2 · %
Operating cash flow
32 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 31.6 million USD Source
Exact value
31596000 USD
- Long-term debt including current maturities
- 4.71 billion USD Source
Exact value
4707801000 USD
- Shares outstanding
- Not available
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: 6 of 11 periods available· newest 2025-12-31
- Net income: 8 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: 4 of 11 periods available· newest 2025-12-31
- shares outstanding: No compatible figures in this window
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
+12.6%Prior period
USD 525.91 million
–
Current period
USD 592.33 million
–
Exact inputs and evidence
592329000 − 525908000 = 66421000 USD
525908000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source592329000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 13.71 millionPrior period
−USD 111.06 million
–
Current period
−USD 124.76 million
–
Exact inputs and evidence
-124764000 − -111058000 = -13706000 USD
-111058000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-124764000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+49.6%Prior period
USD 66.07 million
–
Current period
USD 98.81 million
–
Exact inputs and evidence
98811000 − 66072000 = 32739000 USD
66072000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source98811000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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 592.33 million 100% of revenue
- Operating costs Derived USD 135.95 million 23% of revenue
- Operating income USD 456.38 million 77% of revenue
- Tax, interest and other Derived USD 581.15 million 98% of revenue
- Net income −USD 124.76 million −21% of revenue
Cash
- Operating cash flow USD 98.81 million 17% 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 −44% of revenue.
- 2024 Net loss: net income was −21% of revenue.
- 2025 Net loss: net income was −21% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2015 2015-01-01 – 2015-12-31 | 0 | 0 Derived | 0 | 0 Derived | 0 | Unavailable | Source
|
| 2016 2016-01-01 – 2016-12-31 | 0 | 309612 Derived | -309612 | -134612 Derived | -175000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 0 | 1223169 Derived | -1223169 | -1426169 Derived | 203000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 6520000 | Unavailable | Unavailable | Unavailable | -4223000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 40377000 | Unavailable | Unavailable | Unavailable | -22368000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 470095000 | 111579000 Derived | 358516000 | 563190000 Derived | -204674000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 525908000 | 123317000 Derived | 402591000 | 513649000 Derived | -111058000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 592329000 | 135945000 Derived | 456384000 | 581148000 Derived | -124764000 | Unavailable | 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 592.3M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2015 | Revenue | 0 |
|
| 2016 | Revenue | 0 |
|
| 2017 | Revenue | 0 |
|
| 2018 | Revenue | 6520000 |
|
| 2019 | Revenue | 40377000 |
|
| 2023 | Revenue | 470095000 |
|
| 2024 | Revenue | 525908000 |
|
| 2025 | Revenue | 592329000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
12.6% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2015 | Year over year | No prior comparable period |
|
| 2016 | Year over year | No prior comparable period |
|
| 2017 | Year over year | No prior comparable period |
|
| 2018 | Year over year | No prior comparable period |
|
| 2019 | Year over year | 519.3% |
|
| 2023 | Year over year | No prior comparable period |
|
| 2024 | Year over year | 11.9% |
|
| 2025 | Year over year | 12.6% |
|
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 77% 2025
Net margin -21.1% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2015 | Operating margin | Not reported |
|
| 2016 | Operating margin | Not reported |
|
| 2017 | Operating margin | Not reported |
|
| 2018-12-31 | Operating margin | Not reported |
|
| 2019-12-31 | Operating margin | Not reported |
|
| 2023 | Operating margin | 76.3% |
|
| 2024 | Operating margin | 76.6% |
|
| 2025 | Operating margin | 77% |
|
| 2015 | Net margin | Not reported |
|
| 2016 | Net margin | Not reported |
|
| 2017 | Net margin | Not reported |
|
| 2018 | Net margin | -64.8% |
|
| 2019 | Net margin | -55.4% |
|
| 2023 | Net margin | -43.5% |
|
| 2024 | Net margin | -21.1% |
|
| 2025 | Net margin | -21.1% |
|
| 2015 | Free cash flow margin | Not reported |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 98.8M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2015 | Operating cash flow | 0 |
|
| 2016 | Operating cash flow | -482000 |
|
| 2017 | Operating cash flow | 264000 |
|
| 2018 | Operating cash flow | 3154000 |
|
| 2019 | Operating cash flow | 6453000 |
|
| 2023 | Operating cash flow | 2000000 |
|
| 2024 | Operating cash flow | 66072000 |
|
| 2025 | Operating cash flow | 98811000 |
|
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
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2015 | Free cash flow | Unavailable |
|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
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.
72% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2015 | Liabilities / assets | 0% |
|
| 2016 | Liabilities / assets | 16.4% |
|
| 2017 | Liabilities / assets | 15.5% |
|
| 2018 | Liabilities / assets | 46.9% |
|
| 2019 | Liabilities / assets | 56.6% |
|
| 2023-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2024 | Liabilities / assets | 72.3% |
|
| 2025 | Liabilities / assets | 72% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| 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.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2015 2015-01-01 – 2015-12-31 | USD 0 Exact valueExact value: 0 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 0 Exact valueExact value: 0 USD Share or citeThe 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 | −USD 175,000 Exact valueExact value: -175000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 482,000 Exact valueExact value: -482000 USD Share or citeThe 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 | USD 203,000 Exact valueExact value: 203000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 264,000 Exact valueExact value: 264000 USD Share or citeThe 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 | −USD 4.22 million Exact valueExact value: -4223000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.15 million Exact valueExact value: 3154000 USD Share or citeThe 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 | −USD 22.37 million Exact valueExact value: -22368000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 6.45 million Exact valueExact value: 6453000 USD Share or citeThe 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 204.67 million Exact valueExact value: -204674000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2 million Exact valueExact value: 2000000 USD Share or citeThe 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 111.06 million Exact valueExact value: -111058000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 66.07 million Exact valueExact value: 66072000 USD Share or citeThe 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 124.76 million Exact valueExact value: -124764000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 98.81 million Exact valueExact value: 98811000 USD Share or citeThe 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.
51 filings · 3,420 latest values · 3,420 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001625941, 1625941, edgar:1625941
Also known as ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc., Ares Industrial Real Estate Income Trust Inc., Ares Industrial Real Estate Income Trust Inc., BLACK CREEK INDUSTRIAL REIT IV INC., BLACK CREEK INDUSTRIAL REIT IV Inc., Black Creek Industrial REIT IV Inc., INDUSTRIAL LOGISTICS REALTY TRUST INC., LOGISTICS PROPERTY TRUST INC.