Quarterly ResultMay 13, 2026, 03:31 PM
Ares Real Estate Income Trust Q1 Net Loss $(21.31)M; Revenue $145.14M
AI Summary
Ares Real Estate Income Trust Inc. reported an increased net loss attributable to common stockholders of $(21.31) million for Q1 2026, compared to $(18.03) million in Q1 2025. Despite the higher loss, total revenues grew to $145.14 million, driven by a significant increase in rental revenues and income from unconsolidated joint venture partnerships. The company's operating activities shifted to a net cash outflow, while financing activities provided substantial cash, partly through new financing obligations and common stock issuance.
Key Highlights
- Net loss attributable to common stockholders increased to $(21.31) million from $(18.03) million YoY.
- Total revenues rose to $145.14 million in Q1 2026, up from $116.39 million in Q1 2025.
- Income from unconsolidated joint venture partnerships surged to $22.61 million from $3.51 million.
- Operating activities shifted to a net cash outflow of $(162.60) million from an inflow of $201.03 million.
- Acquired one self-storage property for $11.36 million during Q1 2026.
- Total debt principal decreased to $2.82 billion from $3.00 billion as of March 31, 2026.
- Entered a $500 million master repurchase agreement with Goldman Sachs, with $134.6 million outstanding.
- Net loss per common share remained flat at $(0.10) despite the increased net loss.