ACR
ACRES Commercial Realty Corp.23.65
+0.02+0.08%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
175.63MP/E (TTM)
25.16Basic EPS (TTM)
0.94Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
ACRES Commercial Realty Corp. posted solid Q3 FY2025 results, with net income allocable to common shares jumping to $9.8M ($1.34 diluted EPS) from $2.8M ($0.36) a year earlier, fueled by a $13.1M gain on real estate sale while total revenues held steady at $21.0M. Interest income from CRE loans dipped 29% y/y to $28.1M amid a smaller portfolio, yet net interest income edged down just 20% to $8.4M as interest expense fell 31% to $19.9M, thanks to securitization redemptions and lower rates; q/q, net interest income rose 12% (derived). The $1.4B CRE loan book shrank 8% y/y but saw a $6.5M credit loss reversal, trimming reserves to 1.9% of par. Liquidity strengthened with $40.9M cash and $792M in new term reinvestment debt at 5.9%, while free cash flow turned negative at -$2.2M from operations minus $8.9M capex. Sold a student housing stake in September for $106.8M, recognizing $13.1M goodwill-free gain. Office sector woes persist as a key risk.
8-K
Q3 net income surges on sale
ACRES Commercial Realty Corp. reported Q3 2025 GAAP net income of $1.34 per diluted share, boosted by a $13.1 million gain from selling a real estate investment, while redeploying proceeds into new loans. Book value climbed to $29.63 per share amid $46.8 million in loan repayments and a 92.3% current payment rate on its $1.4 billion CRE portfolio. Portfolio growth continues. Yet risks from credit losses linger.
10-Q
Q2 FY2025 results
ACRES Commercial Realty posted Q2 FY2025 net income of $4.3M, down y/y from $6.4M amid a shrinking CRE loan portfolio, yet total revenues climbed 5% y/y to $21.9M on stronger real estate income from newly operational student housing and foreclosed assets. Net interest income dipped 20% y/y to $8.6M (derived), reflecting a 30% drop in interest income to $28.8M from loan payoffs, while interest expense fell 33% y/y to $20.3M after redeeming prior securitizations for a new $940M term reinvestment facility at 6.1% (match-funded to 2030). A $0.8M credit loss reversal boosted operating income to $4.4M, up from $5.1M y/y, but common shareholders absorbed a $0.7M loss versus $1.7M income last year, with EPS at ($0.10) versus $0.21 (diluted shares 7.3M, no anti-dilution). Liquidity stood firm at $43M cash plus $22M unlevered capacity, debt at $1.3B (3.0x equity), and free cash flow not disclosed in the 10-Q; the firm repurchased $9.4M in common shares accretively. Office sector pressures linger as a key risk.
8-K
Q2 net loss, loan growth
ACRES Commercial Realty Corp. reported a Q2 2025 GAAP net loss of $0.10 per diluted share, driven by higher real estate expenses, while non-GAAP Earnings Available for Distribution came in at $0.04 per share. The company originated $60.5 million in new CRE loans, boosting its $1.4 billion portfolio—75% multifamily-focused—with 91.4% current on payments and a weighted average LTV of 80%. Book value dipped to $27.93 per share from $28.50 in Q1, yet liquidity stood firm at $64.7 million. Portfolio growth hinges on market liquidity.
8-K
Annual meeting elects directors
ACRES Commercial Realty Corp. held its 2025 Annual Meeting on June 5, electing nine directors including Andrew Fentress and Karen Edwards, with votes for ranging from 2.37 million to 2.56 million shares amid significant abstentions. Stockholders approved executive compensation in an advisory vote (2.39 million for) and ratified Ernst & Young as auditors for 2025 (4.54 million for). Continuity in governance persists. Yet broker non-votes hit nearly 2 million shares.
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