Filing Flows › Ares Real Estate Income Trust (ZARE) › Q4 2024
Ares Real Estate Income Trust (ZARE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 6, 2025
Ares Real Estate Income Trust (ZARE) reported revenue of $108M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +0.6% from the quarter before. Operating margin was 69.6%, net loss $10.1M (9.3% of revenue).
Ares Real Estate Income Trust, Q4 2024: revenue $108M (+15% year over year), operating margin 69.6%, net loss $10.1M, operating cash flow −$200M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $108M | +0.6% | +15% |
| Operating profit | $75.2M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | −$200M | — | — |
What changed
Revenue was $107.9M in Q4 2024, up 15% year over year and up 1% from the previous quarter.
Operating profit was $75.2M, a 69.6% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 88% reached operating profit, above the 67% margin then. Total costs grew 6% against revenue growth of 15%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $10.1M, wider than the previous quarter's $3.9M loss. Minority interests bore $4.6M of it: to shareholders the quarter was a loss of $5.5M. Net interest and other expense of $82.1M was the main reason.
Operating cash flow was −$200.4M. Non-cash charges added back $41.8M of depreciation and amortization. Working capital and other items used $232.1M. Capital expenditures of $12.1M exceeded it, leaving free cash flow of −$212.5M.
Questions
What was Ares Real Estate Income Trust's revenue in the fourth quarter 2024?
Ares Real Estate Income Trust (ZARE) reported revenue of $108M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +0.6% from the quarter before.
Was Ares Real Estate Income Trust profitable in the fourth quarter 2024?
Operating profit was $75.2M (69.6% of revenue) and net loss $10.1M.