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ACR-PC

ACRES Commercial Realty Corp.

ACR-PC

ACRES Commercial Realty Corp. • NYSE
$25.17 ▲ 0.05% (+0.01)
Market Cap $186.92 M
52w High $25.61
52w Low $22.61
Dividend Yield 2.57%
P/E 49.64
Volume 2.06K
Outstanding Shares 5.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $21.037M ▼ $2.49M ▼ $18.047M ▲ 85.787% ▲ $1.38 ▲ $37.983M ▲
Q2-2025 $21.873M ▲ $4.162M ▲ $4.55M ▲ 20.802% ▲ $-0.1 ▲ $24.646M ▲
Q1-2025 $17.002M ▼ $3.906M ▼ $-546K ▼ -3.211% ▼ $-0.8 ▼ $22.502M ▼
Q4-2024 $46.717M ▲ $5.11M ▲ $9.53M ▲ 20.399% ▼ $0.54 ▲ $34.855M ▲
Q3-2024 $39.301M $4.612M $8.142M 20.717% $0.37 $33.674M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $40.925M ▼ $1.689B ▼ $1.254B ▼ $432.928M ▲
Q2-2025 $42.747M ▼ $1.818B ▲ $1.383B ▲ $425.279M ▼
Q1-2025 $66.037M ▲ $1.78B ▼ $1.339B ▼ $430.099M ▼
Q4-2024 $56.713M ▼ $1.881B ▼ $1.432B ▼ $439.128M ▲
Q3-2024 $70.074M $2.01B $1.563B $436.34M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.047M ▲ $-9.417M ▼ $149.722M ▲ $-142.475M ▼ $-2.17M ▲ $-9.417M ▼
Q2-2025 $4.324M ▲ $11.767M ▲ $-63.109M ▼ $29.498M ▲ $-21.844M ▼ $11.715M ▲
Q1-2025 $-730K ▼ $-4.564M ▼ $117.735M ▼ $-104.08M ▲ $9.091M ▲ $-4.618M ▼
Q4-2024 $9.32M ▲ $757K ▼ $124.454M ▲ $-138.643M ▼ $-13.432M ▲ $757K ▼
Q3-2024 $8.054M $8.417M $71.952M $-100.927M $-20.558M $8.409M

Revenue by Products

Product Q2-2016Q3-2016Q2-2018Q3-2018
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Commercial Finance
Commercial Finance
 $0 ▲$0 ▲$0 ▲$0 ▲
Commercial Real Estate Loans
Commercial Real Estate Loans
 $20.00M ▲$20.00M ▲$0 ▼$0 ▲
Corporate and Other
Corporate and Other
 $0 ▲$0 ▲$0 ▲$0 ▲
cumulative intercompany reclassification
cumulative intercompany reclassification
 $20.00M ▲$30.00M ▲$0 ▼$0 ▲
Middlemarket Loans
Middlemarket Loans
 $0 ▲$0 ▲$0 ▲$0 ▲
Residential Mortgage Loans
Residential Mortgage Loans
 $0 ▲$10.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement ACRES has moved from a very weak year early in the period to consistently positive, but relatively modest, profitability more recently. Revenue and gross profit have been fairly stable over the last few years, but operating profit has thinned, suggesting tighter spreads or higher funding and credit costs. Earnings per share have been volatile over the full five-year period, with a deep loss, then a strong rebound, then smaller, positive results more recently. Overall, the income statement shows a business that is profitable again but operating on narrower margins and still exposed to swings in the commercial real estate cycle and interest-rate environment.

Balance Sheet

Balance Sheet The balance sheet reflects a highly leveraged lending platform, which is typical for a mortgage REIT. Assets expanded meaningfully from the early part of the period as the loan book grew, then leveled off more recently. Debt has grown along with assets and remains high relative to equity, underscoring sensitivity to funding conditions and credit quality. Equity has stabilized and improved from the weakest year, but has not grown strongly, implying limited retained earnings and an ongoing reliance on external capital. Cash balances are small relative to total assets, so liquidity depends heavily on credit facilities and securitizations rather than cash on hand.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, but not especially large relative to the scale of the balance sheet, which is normal for a lender that recycles capital through loans. Capital expenditure needs are negligible, so free cash flow largely mirrors operating cash flow. This means the business does not consume cash for physical investment, but its true funding picture is driven more by loan originations, repayments, and financing structures than by traditional cash flow metrics. The pattern suggests a steady, functioning cash engine, but not a large standalone buffer against a sharp downturn in loan performance or funding markets.

Competitive Edge

Competitive Edge ACRES competes in a specialized corner of commercial real estate finance: middle‑market, often transitional properties that require tailored solutions. Its strengths include a seasoned management team, deep relationships with borrowers and brokers, and a “one‑stop‑shop” approach that can support a property from construction or repositioning all the way to stabilization. The focus on deal complexity and bespoke structures is a differentiator versus more standardized lenders. Recent moves, such as securing a sizable facility with a major global bank and partnering with an institutional asset manager, reinforce its credibility and funding access. On the risk side, the firm is tightly tied to health of the commercial property market, credit quality of a relatively niche borrower base, and the stability of capital markets that finance its loans.

Innovation and R&D

Innovation and R&D While ACRES is not a technology or lab‑driven company, it pursues innovation through how it sources, evaluates, structures, and funds loans. The firm emphasizes efficient deal screening, internal systems to manage a high volume of opportunities, and flexible structures for complex, transitional assets. Its use of collateralized loan obligations and managed facilities reflects financial engineering rather than traditional R&D, aiming to lower its cost of capital and expand capacity. Looking ahead, the development of a permanent financing product and additional capital‑markets vehicles would represent meaningful business-model innovation, potentially deepening client relationships and strengthening its platform—though execution and market conditions will heavily influence outcomes.

Summary

ACRES Commercial Realty has evolved from a period of stress to a more stable, modestly profitable footing, with a loan-focused business that relies heavily on leverage and structured financing. Earnings are positive but thin, and historically have been volatile, reflecting the inherently cyclical and credit‑sensitive nature of commercial real estate lending. The balance sheet and cash flows look typical for a mortgage REIT: asset‑heavy, debt‑funded, with limited tangible cash cushions but ongoing access to external capital. Competitively, the company’s niche in middle‑market, transitional properties, combined with long‑standing industry relationships and a full‑lifecycle lending offering, provides a clear identity and some defensible advantages. Its recent partnerships and large funding facilities suggest that institutional counterparts view it as a credible specialist. At the same time, the business remains exposed to property‑market downturns, borrower stress, funding‑market disruptions, and interest‑rate shifts. Overall, ACRES appears to be a focused, relationship‑driven lender with a specialized position and structured‑finance capabilities, operating in a segment with both attractive opportunities and elevated cyclical and credit risks.