# ARES REAL ESTATE INCOME TRUST INC. (ZARE) · Edgar & Edgarette company card

> Ares Real Estate Income Trust (ZARE) grew revenue 19.5% in FY2025 to $499 million, operating margin 66.5% against a 24.7% median for real estate investment trusts, equity 9.0% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1327978 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ZARE) · [JSON](https://www.pops4.com/boards/company/ZARE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $499M |
| Revenue growth, 1 year | 19.5% |
| Revenue growth per year | 22.9% |
| Operating margin | 66.5% (prior year 67.4%) |
| Net margin | -25.5% |
| Operating cash flow | $254M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $40M |
| Long-term debt | $3.0B |
| Total assets | $7.3B |
| Total equity | $655M |
| Equity ÷ assets | 9.0% |
| Return on equity | -19.4% |
| Dividend per share | $0.407 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $498.8M (FY2025), total debt $3.0B. Experience: revenue up 19.5% on the year, up 22.9% a year over 4 years; operating margin 66.5%, down from 67.4%. Soundness: equity 9.0% of assets, return on equity -19.4%, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $503.2M and $672.9M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $467.6M to $726.4M. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 66.5% against a 24.7% median; growth 19.5% against 3.7%.

Range logged 2026-09-29, receipt d5ae46c37e540766, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-04-07 ([filing](https://www.sec.gov/Archives/edgar/data/1327978/000162828026024093/0001628280-26-024093-index.htm))

## Recent filings

- 8-K · filed 2026-10-15 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1327978/000162828026066024/0001628280-26-066024-index.htm)
- 8-K · filed 2026-10-07 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1327978/000162828026065337/0001628280-26-065337-index.htm)
- 8-K · filed 2026-09-16 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1327978/000162828026062277/0001628280-26-062277-index.htm)
- 8-K · filed 2026-09-08 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1327978/000162828026060857/0001628280-26-060857-index.htm)
- 8-K · filed 2026-08-17 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1327978/000162828026057287/0001628280-26-057287-index.htm)
- 10-Q · filed 2026-08-12 · [filing](https://www.sec.gov/Archives/edgar/data/1327978/000162828026056330/0001628280-26-056330-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001327978.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1327978

## Cite

POPS4, Edgar & Edgarette: ARES REAL ESTATE INCOME TRUST INC. (ZARE) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/ZARE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.