Ares Real Estate Income Trust Inc. (ZARE) › Shareholders' EquityAres Real Estate Income Trust Inc. (ZARE) — Shareholders' EquityAnnual figures by fiscal year, from SEC filings.2008: $1.16B2009: $1.27B2010: $1.16B2011: $999.27M2012: $841.53M2013: $805.01M2014: $763.98M2015: $725.95M2016: $608.09M2017: $492.73M2018: $411.01M2019: $550.29M2020: $497.89M2021: $776.43M2022: $1.19B2023: $1.11B2024: $1.41B2025: $1.31B$1.31B2008Shareholders' Equity (USD)2025Fiscal YearShareholders' EquityChange YoY2025$1.31B-6.8%2024$1.41B+26.5%2023$1.11B-6.9%2022$1.19B+53.8%2021$776.43M+55.9%2020$497.89M-9.5%2019$550.29M+33.9%2018$411.01M-16.6%2017$492.73M-19.0%2016$608.09M-16.2%2015$725.95M-5.0%2014$763.98M-5.1%2013$805.01M-4.3%2012$841.53M-15.8%2011$999.27M-13.6%2010$1.16B-9.1%2009$1.27B+9.7%2008$1.16B—Other metrics: RevenueCost of RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share