Investor Presentaiton
Consolidated Balance Sheets
($ in thousands, except share and per share data)
ASSETS
As of
9/30/2021
12/31/2020
Cash and cash equivalents
$
15,787 $
74,776
Loans held for investment ($1,135,660 and $550,590 related to consolidated VIES, respectively)
Current expected credit loss reserve
2,363,499
1,815,219
(22,691)
(23,604)
Loans held for investment, net of current expected credit loss reserve
2,340,808
1,791,615
Real estate owned, net
36,695
37,283
Other assets ($2,524 and $1,079 of interest receivable related to consolidated VIES, respectively; $47,618 and
$6,410 of other receivables related to consolidated VIES, respectively)
73,395
25,823
$
2,466,685 $
1,929,497
Total assets
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Secured funding agreements
Notes payable
Secured term loan
Collateralized loan obligation securitization debt (consolidated VIES)
Secured borrowings
Due to affiliate
Dividends payable
Other liabilities ($549 and $391 of interest payable related to consolidated VIES, respectively)
Total liabilities
Commitments and contingencies
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share, 450,000,000 shares authorized at September 30, 2021 and December
31, 2020 and 47,001,821 and 33,442,332 shares issued and outstanding at September 30, 2021 and December 31,
2020, respectively
Additional paid-in capital
Accumulated other comprehensive income
Accumulated earnings (deficit)
Total stockholders' equity
Total liabilities and stockholders' equity
21
$
656,014 $
755,552
47,381
61,837
60,000
110,000
940,133
443,871
59,962
59,790
3,947
3,150
16,523
11,124
9,982
11,158
1,793,942
1,456,482
464
$
701,370
19
(29,110)
672,743
2,466,685
329
497,803
(25,117)
473,015
$
1,929,497
ARES
COMMERCIAL REAL ESTATE CORPORATIONView entire presentation