Filing Flows › Ares Real Estate Income Trust (ZARE) › Q2 2026 › vs Q2 2025
Ares Real Estate Income Trust (ZARE) Q2 2026 vs Q2 2025 (year over year)
Ares Real Estate Income Trust's revenue rose $32.9M (+28%) from $118M in Q2 2025 to $151M in Q2 2026.
Ares Real Estate Income Trust, Q2 2026: revenue $151M (+28% year over year), operating margin 70.2%, net loss $26.1M, operating cash flow $189M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 116.9% | 8.4% | +108.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $151M | $118M | $32.9M | +28% |
| Net loss | $26.1M | $42.5M | −$16.4M | -39% |
| Costs & expenses | $177M | $161M | $16.5M | +10% |
| Operating costs | $45.1M | $40.2M | $4.9M | +12% |
| Interest & other, net | $121M | $119M | $2.4M | +2% |
| Income tax | $10.8M | $1.7M | $9.2M | +554% |
| General & admin | $3.5M | $3.1M | $320K | +10% |
| Other operating costs | $41.6M | $37.0M | $4.6M | +12% |
| Operating cash sources | $215M | $59.9M | $156M | +260% |
| Depreciation & amortization | $59.5M | $46.9M | $12.6M | +27% |
| Working capital & other | $156M | $13.0M | $143M | 12× |
| Net loss absorbed | $26.1M | $42.5M | −$16.4M | -39% |
| Operating cash flow | $189M | $17.4M | $172M | +991% |
| Free cash flow (OCF − capex) | $177M | $9.9M | $167M | 18× |
| Capital expenditures | $12.7M | $7.5M | $5.2M | +70% |
Questions
How much did Ares Real Estate Income Trust's revenue grow year over year in Q2 2026?
Ares Real Estate Income Trust's revenue rose $32.9M (+28%) from $118M in Q2 2025 to $151M in Q2 2026.