ACRES Commercial Realty Corp Stock price
Is ACRES Commercial Realty Corp a Top Scorer Stock based on the Dividend, High-Growth-Investing or Leverman Strategy?
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Key metrics
📘 Market Capitalization
📈 What is it?
Market capitalization shows how much a company is currently worth on the stock market.
🧮 How is it calculated?
🏛️ Why is it important?
It helps classify companies by size (Large, Mid, Small Cap) and indicates their market presence and relative stability.
🧮 Calculation
🎯 What does this mean for investors?
- Large-cap companies tend to be more stable, often pay dividends, but may grow more slowly.
- Smaller firms may offer higher growth potential but come with more volatility.
- Market capitalization is a useful indicator of company size — but not a measure of whether a stock is undervalued or overvalued.
📘 Enterprise Value (EV)
📈 What is it?
Enterprise Value represents the total cost to acquire a company — including its debt and excluding its cash reserves.
🧮 How is it calculated?
(= Market Cap + Net Debt)
🏛️ Why is it important?
EV gives a more complete picture of a company's value than market cap alone and is used in key valuation ratios like EV/FCF or EV/Sales.
🧮 Calculation
🎯 What does this mean for investors?
- Enterprise Value shows the true cost of buying a company, including all financial obligations.
- It is more accurate than just looking at market cap, especially when comparing companies with different levels of debt or cash.
- Professional investors prefer EV-based multiples because they better reflect the company’s full financial footprint.
📘 Net Debt
📈 What is it?
Net Debt shows how much debt remains after subtracting a company’s available cash reserves.
🧮 How is it calculated?
🏛️ Why is it important?
It indicates how dependent a company is on borrowed money and how easily it can service its debt in the short term.
🧮 Calculation
🎯 What does this mean for investors?
- Low or negative net debt signals financial strength and flexibility.
- Companies with strong cash positions are better positioned in crises.
- High net debt increases financial risk — especially in environments with rising interest rates or economic downturns.
📘 Cash
📈 What is it?
Cash represents all liquid assets a company can access immediately — including cash, bank deposits, and short-term investments.
🧮 How is it calculated?
🏛️ Why is it important?
It reflects a company’s financial flexibility and resilience — enabling investments, buybacks, or buffer in downturns.
🧮 Calculation
🎯 What does this mean for investors?
- A strong cash position means greater room for maneuver and crisis resistance.
- Cash-rich companies can invest, pay down debt, or repurchase shares.
- But excess idle cash might indicate a lack of growth opportunities.
📘 Shares Outstanding
📈 What is it?
Shares outstanding represent the total number of a company’s shares currently held by investors — excluding treasury stock.
🧮 How is it calculated?
🏛️ Why is it important?
It’s the basis for key metrics like Earnings Per Share (EPS), Market Capitalization, or the Price/Earnings ratio (P/E).
🧮 Calculation
🎯 What does this mean for investors?
- Fewer shares in circulation typically increase earnings per share — making each share more valuable.
- Share buybacks reduce the number of shares and boost per-share metrics.
- Issuing new shares does the opposite — diluting shareholder value and lowering per-share figures.
📘 Price-to-Earnings Ratio (P/E)
📈 What is it?
The P/E ratio shows how many times a company's earnings per share are reflected in its current share price — in other words, how "expensive" the stock appears relative to its profits.
🧮 How is it calculated?
🏛️ Why is it important?
The P/E ratio is one of the most widely used valuation metrics. It helps investors assess whether a stock appears cheap or expensive compared to its earnings power.
🧮 Calculation
📊 P/E (TTM) = Based on earnings from the last 12 months (Trailing Twelve Months):🎯 What does this mean for investors?
- A low P/E may indicate undervaluation — or signal underlying issues.
- A high P/E may reflect strong growth expectations — or an overvalued stock.
📘 Price-to-Sales Ratio (P/S)
📈 What is it?
The P/S ratio shows how much investors are paying for $1 of the company’s revenue – regardless of profitability.
🧮 How is it calculated?
🏛️ Why is it important?
P/S is especially useful for evaluating growth companies or businesses not yet profitable. It reflects how the market values the company’s sales.
🧮 Calculation
Market Cap = $147.44m | Revenue (TTM) = $175.43m
Market Cap = $147.44m | Estimated Revenue = $84.27m
🎯 What does this mean for investors?
- A low P/S may indicate undervaluation — or low profitability.
- A high P/S can reflect strong growth expectations — or excessive optimism.
- Especially helpful when evaluating companies where profits are low, volatile, or negative.
📘 Enterprise Value to Sales (EV/Sales)
📈 What is it?
EV/Sales shows how much investors are paying for $1 of revenue — considering not just equity, but also debt and cash. It’s the capital structure–adjusted version of the P/S ratio.
🧮 How is it calculated?
🏛️ Why is it important?
It’s ideal for comparing companies with different levels of debt. It reflects a company's true cost relative to its revenue.
🧮 Calculation
Enterprise Value = $1.89b | Revenue (TTM) = $175.43m
Enterprise Value = $1.89b | Forward Revenue = $84.27m
🎯 What does this mean for investors?
- EV/Sales allows for capital structure–neutral company comparisons.
- A lower ratio may indicate undervaluation; a higher one may signal strong growth expectations or overvaluation.
- Especially helpful when evaluating high-growth companies with low or negative earnings.
📘 Enterprise Value to Free Cash Flow (EV/FCF)
📈 What is it?
EV/FCF shows how many years it would take for a company to "pay back" its enterprise value using its free cash flow.
🧮 How is it calculated?
🏛️ Why is it important?
It focuses on real cash generation, ignoring accounting noise — ideal for assessing profitability and value based on liquidity, not earnings.
🧮 Calculation
🎯 What does this mean for investors?
- A low EV/FCF may signal undervaluation and strong cash generation.
- A high EV/FCF might reflect weak recent cash flow or aggressive growth expectations.
- Best suited for stable, mature businesses with predictable free cash flows.
📘 Price-to-Book Ratio (P/B)
📈 What is it?
The P/B ratio compares a company’s market value to its book value — showing how much investors are paying for each dollar of net assets.
🧮 How is it calculated?
🏛️ Why is it important?
P/B is commonly used for asset-heavy industries like banks or industrials. It helps assess whether a stock is trading above or below its net asset value.
🧮 Calculation
🎯 What does this mean for investors?
- A P/B below 1 may signal undervaluation — or weak profitability.
- A P/B above 1 implies the market expects future value creation (e.g., brand, IP, growth).
- Best used for companies with tangible assets and strong balance sheets.
📘 Dividend per Share (DPS)
📈 What is it?
Dividend per Share shows how much cash a company pays out to shareholders for each share they own – usually on an annual or quarterly basis.
🧮 How is it calculated?
🏛️ Why is it important?
DPS is the absolute value of the payout per share – crucial for income-focused investors and dividend strategies.
🧮 Calculation
🎯 What does this mean for investors?
- A stable or growing DPS often signals a strong, shareholder-friendly business.
- DPS alone doesn’t tell you how attractive the payout is – the stock price also matters (→ see Dividend Yield).
- Long-term dividend growth is often a hallmark of high-quality companies – like the dividend aristocrats.
📘 Dividend Yield
📈 What is it?
Dividend yield shows how large a company’s dividend is in relation to its current share price.
🧮 How is it calculated?
🏛️ Why is it important?
It allows investors to compare dividend payouts across stocks, regardless of price or payout size.
🧮 Calculation
🎯 What does this mean for investors?
- A stable yield can reflect reliable distributions.
- Comparing 1Y and 5Y yield shows whether dividend growth keeps pace with stock price appreciation.
- A low yield isn’t always negative – it can signal strong past performance or growth focus.
📘 Dividend Growth
📈 What is it?
Dividend growth shows how much a company has increased its dividend per share over time.
🧮 How is it calculated?
5Y: Compound Annual Growth Rate (CAGR)
🏛️ Why is it important?
Consistently rising dividends are often a sign of financial strength and shareholder orientation – especially relevant for long-term investors.
🎯 What does this mean for investors?
- Stable dividend growth is a sign of sustainable earning power.
- High dividend growth can significantly boost your total return:
- If a company pays $1 in dividends and increases it by 15% annually over 5 years, you’ll receive $2 per share in year 5 – twice as much as at the start!
📘 Payout Ratio
📈 What is it?
The payout ratio shows what percentage of a company’s earnings (per share) is distributed to shareholders as dividends.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess whether the dividend is sustainable – especially in relation to the company’s profitability.
🧮 Calculation
🎯 What does this mean for investors?
- A low payout ratio means the company retains more earnings for reinvestment – typical for growth companies.
- A moderate payout (e.g. 25–50%) indicates a healthy balance between returns and reinvestment.
- High payout ratios may seem attractive but can carry risk if earnings decline.
📘 Consecutive Dividend Increases
📈 What is it?
This metric shows how many consecutive years a company has raised its dividend per share – without any cuts or pauses.
🧮 How is it calculated?
(Special dividends are not considered.)
🏛️ Why is it important?
A long track record of increases reflects financial strength, consistency, and shareholder commitment.
🎯 What does this mean for investors?
- A long dividend increase streak builds confidence – especially in volatile markets.
- Such companies are seen as reliable and income-friendly investments.
- The longer the streak, the stronger the company’s dividend discipline.
📘 Revenue
📈 What is it?
Revenue shows how much a company earns in total from selling its products and services – the gross income before any costs are deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Revenue is one of the key figures to assess a company’s size, market position, and growth potential.
🧮 Calculation
🎯 What does this mean for investors?
- Growing revenue indicates rising demand and can be an early signal of future earnings growth.
- Comparing actual and expected revenue reveals trends in the market environment and analyst sentiment.
- Note: Strong revenue alone isn’t enough – margins and profitability matter just as much.
📘 EBITDA
📈 What is it?
EBITDA stands for “Earnings Before Interest, Taxes, Depreciation, and Amortization.” It reflects a company’s operating profit before the effects of financing, taxes, and accounting depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
EBITDA is widely used to evaluate a company’s operating performance – especially across capital-intensive sectors or international comparisons.
🧮 Calculation
🎯 What does this mean for investors?
- A high or growing EBITDA indicates strong operational profitability – independent of taxes, interest, or accounting methods.
- It’s especially useful for comparing companies across sectors or geographies.
- Important: EBITDA is not a net income figure – it excludes key costs like depreciation and interest.
📘 EBIT
📈 What is it?
EBIT stands for “Earnings Before Interest and Taxes.” It reflects a company’s operating profit after depreciation, but before interest and tax expenses.
🧮 How is it calculated?
🏛️ Why is it important?
EBIT is a core profitability metric that shows how well the company performs in its main business operations – independent of capital structure and tax environment.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT indicates strong profitability from the company’s core business – before financial and tax effects.
- It allows better comparison between companies with different debt levels or tax structures.
- Compared to EBITDA, EBIT already accounts for depreciation and reflects capital intensity more clearly.
📘 Net Income
📈 What is it?
Net income is the company’s total profit – the amount left after all expenses, taxes, interest, and depreciation have been deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Net income is the most comprehensive measure of a company’s profitability – showing how much actual profit remains after all business and financing costs.
🧮 Calculation
🎯 What does this mean for investors?
- Growing net income indicates that the company is managing all of its costs efficiently.
- It directly influences valuation metrics like P/E ratio and the company’s dividend capacity.
- Over time, net income trends reveal how resilient and profitable the business model really is.
📘 Free Cash Flow (FCF)
📈 What is it?
Free Cash Flow shows how much actual cash remains after a company covers its operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
FCF reflects a company’s real financial strength – regardless of accounting profits. It shows how much flexibility a company has for dividends, share buybacks, or debt reduction.
🧮 Calculation
🎯 What does this mean for investors?
- High free cash flow means the company generates real, usable cash – independent of reported net income.
- It’s often the most reliable base for sustainable dividends and buybacks.
- Declining FCF can be an early warning sign – even when profits appear stable.
📘 Revenue Growth
📈 What is it?
Revenue growth shows how much a company’s sales have changed compared to the previous year – both on a trailing basis (TTM) and based on forward projections.
🧮 How is it calculated?
Forward = (Expected revenue ÷ Revenue in prior year − 1) × 100
Forward growth is based on analyst estimates for the current fiscal year.
🏛️ Why is it important?
Rising revenue signals growing demand, business expansion, and market share gains – especially important for growth-oriented companies.
🧮 Calculation
🎯 What does this mean for investors?
- Growth is the engine of long-term value creation – especially in tech and growth sectors.
- What matters is not just current growth, but its sustainability.
- Forward projections reflect whether analysts expect continued momentum – or a slowdown.
📘 EBITDA Growth
📈 What is it?
EBITDA growth shows how much a company’s operating profit (before interest, taxes, depreciation, and amortization) has increased or decreased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBITDA ÷ EBITDA from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
Growing EBITDA indicates improving operational profitability – regardless of financing or accounting effects.
🧮 Calculation
🎯 What does this mean for investors?
- Strong EBITDA growth signals operational efficiency and scalability – especially during growth phases.
- EBITDA growth can be an early indicator of margin and earnings expansion – but should be assessed alongside revenue and EBIT.
📘 EBIT Growth
📈 What is it?
EBIT growth shows how much a company’s operating profit (after depreciation, but before interest and taxes) has increased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBIT ÷ EBIT from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
EBIT growth is a direct indicator of a company’s business performance – taking into account capital intensity through depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- Rising EBIT signals improving operating profitability – even after accounting for depreciation.
- It’s especially important for evaluating companies with significant capital expenditures.
- Combined with revenue and EBITDA growth, EBIT growth provides a well-rounded view of operational progress.
📘 Net Income Growth
📈 What is it?
Net income growth shows how much a company’s bottom-line profit has increased or decreased compared to the previous year – both on a trailing basis (TTM) and based on analyst projections.
🧮 How is it calculated?
Forward = (Expected net income ÷ Net income from prior year − 1) × 100
The forward estimate reflects analysts’ expectations for the current fiscal year.
🏛️ Why is it important?
Net income is the ultimate measure of profitability. Growing net income signals stronger efficiency, cost control, and sustainable earnings power.
🧮 Calculation
🎯 What does this mean for investors?
- Stronger net income boosts valuation, dividend potential, and investor confidence.
- If profits stall while revenue grows, it may signal margin pressure.
📘 Free Cash Flow Growth
📈 What is it?
Free cash flow (FCF) growth shows how a company’s available cash – after covering operating expenses and capital expenditures – has changed compared to the previous year.
🧮 How is it calculated?
🏛️ Why is it important?
Free cash flow reflects real financial strength. Growing FCF indicates more flexibility for dividends, share buybacks, and reinvestment.
🧮 Calculation
🎯 What does this mean for investors?
- Declining FCF may point to rising investments, increasing costs, or weaker operating performance.
- Especially for dividend investors, FCF growth is critical – since dividends are paid from actual available cash.
- A negative trend isn't always bad, but it deserves closer attention.
📘 Gross Margin
📈 What is it?
Gross margin shows how much of a company’s revenue remains after deducting the direct costs of goods sold (like materials and production). It represents the company’s “raw profit” before fixed costs, taxes, and interest.
🧮 How is it calculated?
Or simply: Gross Margin = Gross Profit ÷ Revenue × 100
🏛️ Why is it important?
Gross margin indicates how efficiently a company can produce or procure what it sells. It is a key measure of product-level profitability and pricing power.
🧮 Calculation
🎯 What does this mean for investors?
- A high gross margin suggests strong pricing power and efficient production.
- Falling margins may signal rising input costs or competitive pressure.
- Compared to peers, gross margin offers insights into the quality of a business model.
📘 EBITDA Margin
📈 What is it?
The EBITDA margin shows how much of a company’s revenue remains as operating profit before interest, taxes, depreciation, and amortization.It reflects operating efficiency without being distorted by financing or accounting factors.
🧮 How is it calculated?
🏛️ Why is it important?
The EBITDA margin reveals how much operating income a company generates per dollar of revenue – independent of capital structure and tax effects.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBITDA margin reflects strong core profitability – before accounting distortions.
- It allows for effective comparisons across companies and sectors.
- A stable or growing margin signals efficient cost control and business scalability.
📘 EBIT Margin
📈 What is it?
The EBIT margin shows what percentage of revenue remains as operating profit after depreciation but before interest and taxes.
🧮 How is it calculated?
🏛️ Why is it important?
The EBIT margin reflects a company’s core profitability while accounting for capital intensity (e.g. machinery, infrastructure). It’s especially useful for comparing businesses with different levels of depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT margin shows that the company remains efficient even after factoring in depreciation.
- It’s especially relevant for capital-intensive industries.
- Stable or rising EBIT margins over time are a strong indicator of pricing power and business quality.
📘 Net margin
📈 What is it?
Net margin shows how much of a company’s revenue remains as bottom-line profit after deducting all costs, interest, taxes, and depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
Net margin reflects a company’s overall efficiency – across operations, financing, and taxation. It shows how much actual profit is generated from each dollar of revenue.
🧮 Calculation
🎯 What does this mean for investors?
- A high net margin means the company is not only strong operationally but also manages financing and taxes efficiently.
- Peer comparisons reveal business quality and competitiveness.
- Declining margins despite revenue growth can be a red flag for rising costs or inefficiencies.
📘 Free cash flow margin
📈 What is it?
The free cash flow (FCF) margin shows how much of a company’s revenue remains as actual free cash after covering all operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
This margin reflects the true liquidity generated by the business – independent of accounting rules or depreciation. It’s especially relevant for dividends, buybacks, and reinvestment decisions.
🧮 Calculation
🎯 What does this mean for investors?
- A high FCF margin means a company consistently generates strong cash flow.
- It’s a positive signal for financial stability and shareholder returns.
- The long-term trend is key – a declining margin may indicate rising investments or weakening operating efficiency.
📘 Equity Ratio
📈 What is it?
The equity ratio indicates what portion of a company’s total assets is financed by shareholders’ equity – in other words, how much it relies on its own capital.
🧮 How is it calculated?
🏛️ Why is it important?
A high equity ratio reflects financial strength and stability, especially during downturns. It’s a key indicator of a company’s solvency and long-term risk profile.
🧮 Calculation
🎯 What does this mean for investors?
- Companies with high equity ratios are generally more resilient and less dependent on external debt.
- Low equity ratios can signal higher risk or aggressive financial strategies.
- Important: Always assess the equity ratio in combination with the return on equity (ROE). This shows not just how stable the company is – but also how efficiently it uses shareholder capital.
📘 Return on Equity (ROE)
📈 What is it?
Return on equity (ROE) shows how efficiently a company uses its shareholders’ equity to generate profit. In other words: how much net income is earned per dollar of equity.
🧮 How is it calculated?
🏛️ Why is it important?
ROE is a core profitability metric. It helps investors understand whether a company delivers attractive returns on the capital provided by its shareholders.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROE indicates that the company is using its capital efficiently and profitably.
- It’s especially meaningful for capital-intensive businesses or firms with high equity bases.
- Important: A very high ROE can also result from high debt levels – always interpret it alongside the equity ratio to assess financial health.
📘 Return on Capital Employed (ROCE)
📈 What is it?
ROCE measures how efficiently a company generates profits from its total capital – including both equity and interest-bearing debt.
🧮 How is it calculated?
It evaluates the return on all capital employed, regardless of how it’s financed.
🏛️ Why is it important?
ROCE is ideal for comparing companies with different financing structures. It shows how well management uses capital to create value for both shareholders and creditors.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROCE means the company uses its capital efficiently – regardless of whether it's funded by debt or equity.
- The higher the ROCE compared to peers, the more value the company creates with its invested capital.
- Especially relevant for capital-intensive sectors like industrials, energy, or infrastructure.
📘 Return on Invested Capital (ROIC)
📈 What is it?
ROIC measures how efficiently a company generates returns from the capital invested in its core operations – regardless of whether the capital comes from equity or debt.
🧮 How is it calculated?
- NOPAT = Net Operating Profit After Taxes
- Invested Capital = Operating assets minus non-interest-bearing liabilities
🏛️ Why is it important?
ROIC is one of the most accurate indicators of capital efficiency. Unlike return on equity, it is not distorted by leverage and shows how much value is created for all capital providers.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROIC shows how effectively a company uses the capital that is truly invested in its core operations.
- Unlike ROCE, ROIC focuses only on the capital that is actively used to run the business – and that requires a return (i.e. interest-bearing).
- Especially useful when comparing companies with large amounts of excess cash or non-interest-bearing liabilities – giving a more realistic picture of capital efficiency.
📘 Leverage Ratio (Debt-to-Equity)
📈 What is it?
The leverage ratio indicates how much a company relies on interest-bearing debt (such as loans and bonds) relative to its shareholders’ equity.
🧮 How is it calculated?
🏛️ Why is it important?
This ratio helps assess a company’s financial structure and risk profile. High leverage can enhance returns – but also increases exposure to interest rate changes and financial stress.
🧮 Calculation
🎯 What does this mean for investors?
- A low leverage ratio signals financial strength and independence.
- A higher ratio can improve returns in good times but increases risk during downturns or rising interest rate periods.
- 👉 Always interpret in the context of industry, capital intensity, and interest rate environment.
📘 Earnings per share (EPS)
📈 What is it?
Earnings per Share (EPS) shows how much profit is attributable to a single share – and is one of the most important metrics for evaluating a company's performance.
🧮 How is it calculated?
The diluted share count reflects potential new shares that could be issued through options, convertible bonds, or other rights.
🏛️ Why is it important?
EPS is the basis for many key valuation metrics like P/E ratio, PEG ratio, or payout ratio. It enables comparisons of profitability across companies, regardless of their size.
🧮 Calculation
🎯 What does this mean for investors?
- EPS captures per-share profitability and is especially useful for comparisons over time or with analyst estimates.
- Rising EPS may signal consistent growth or share buybacks.
- Important: Always use diluted EPS for more realistic valuations – especially in companies with stock-based compensation.
📘 Free cash flow per share (FCF per share)
📈 What is it?
Free Cash Flow per Share shows how much free cash flow a company generates per outstanding share – after investments, but before dividends or debt repayments.
🧮 How is it calculated?
Free cash flow is calculated as operating cash flow minus capital expenditures (CapEx).
🏛️ Why is it important?
FCF per Share reveals how much real cash is available per share – useful for dividends, buybacks, or reducing debt. Unlike net income, free cash flow is harder to manipulate and often seen as a more reliable metric.
🧮 Calculation
🎯 What does this mean for investors?
- High FCF per share signals strong financial flexibility.
- It shows how much capital the company can effectively reinvest or return to shareholders.
- Particularly relevant for dividend payers and capital-efficient businesses.
📘 Short interest
📈 What is it?
Short interest indicates how many shares of a company are currently sold short – that is, borrowed and sold by investors who expect the price to decline.
🧮 How is it calculated?
It reflects the percentage of a company’s shares that are being shorted relative to the total shares available.
🏛️ Why is it important?
Short interest serves as a sentiment indicator: A high value may signal skepticism or bearish expectations – but also increases the potential for a short squeeze if prices rise unexpectedly.
🧮 Calculation
🎯 What does this mean for investors?
- Low short interest usually indicates market confidence in the company.
- High short interest can be a warning sign – or an opportunity if sentiment shifts.
- Especially relevant in volatile markets or ahead of key earnings releases.
📘 Employees
📈 What is it?
The employee count shows how many people a company employs worldwide – offering insights into its size, structure, and business model.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess operational scale, labor intensity, and cost structure. Combined with revenue and profit, it enables key metrics like revenue per employee or productivity.
🧮 Calculation
🎯 What does this mean for investors?
- A high headcount can signal operational complexity – but also significant growth capacity.
- Revenue per employee is a key indicator of efficiency.
- Especially useful for comparing tech, industrial, or service-heavy companies.
📘 Turnover per employee
📈 What is it?
Revenue per employee indicates how much revenue a company generates on average per employee – a key measure of efficiency and productivity.
🧮 How is it calculated?
The employee count is typically taken from the most recent annual report.
🏛️ Why is it important?
This metric helps compare business models – especially between labor-intensive and technology-driven companies. A high value suggests automation, operational efficiency, or strong value creation per head.
🧮 Calculation
🎯 What does this mean for investors?
- A high revenue per employee indicates a scalable and margin-strong business model.
- A low figure may reflect labor-intensive operations or lower value-add.
- Especially helpful when comparing tech companies to industrial or service sectors.
ACRES Commercial Realty Corp Stock Analysis
Analyst Opinions
7 Analysts have issued a ACRES Commercial Realty Corp forecast:
Analyst Opinions
7 Analysts have issued a ACRES Commercial Realty Corp forecast:
ACRES Commercial Realty Corp Events
Past Events
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JUL
30
Q2 2026 Earnings Call
about 2 months ago
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APR
30
Q1 2026 Earnings Call
5 months ago
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MAR
5
Q4 2025 Earnings Call
7 months ago
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OCT
30
Q3 2025 Earnings Call
11 months ago
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StocksGuide Free
ACRES Commercial Realty Corp — Q2 2026 Earnings Call
1. Management Discussion
Thank you. Please stand by, your meeting is about to begin. Good morning, ladies and gentlemen, and welcome to the second quarter 2026 ACRS Commercial Realty Corp earnings call. Currently, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session with instructions to follow at that time. If anyone requires assistance during the conference today, press star then zero on your telephone. And as a reminder, this call is being recorded. I would now like to introduce your host for today's conference, Kyle Bringle, Vice President in Operations.
Please go ahead, sir. Thank you, sir.
Good morning and thank you for joining our call. I would like to highlight that we have posted the second quarter 2026 earnings presentation to our website. This presentation contains summary and detailed information about the quarterly results of the company. Before we begin, I want to remind everyone that certain statements made during this call are not based on historical information and may constitute forward-looking statements. When used in this conference call, the word believes, anticipates, expects, and similar expressions are intended to identify forward-looking statements. Although the company believes these forward-looking statements are based on reasonable assumptions, such statements are based on management's current expectations and beliefs and are subject to several trends, risks, and uncertainties that could cause actual results to differ materially from the actual results. from those contained in the forward-looking statements. These risks and uncertainties are discussed in the company's reports filed with the SEC, including its reports on Forms 8K, 10Q, and 10K, and in particular, the risk factor section of its Form 10K.
Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to update any of these forward-looking statements. Furthermore, certain non-GAAP financial measures may be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or as a substitute to the financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with generally accepted accounting principles are contained in the earnings presentation for the quarter. With me on the call today are Mark Fogel, President and CEO, Andrew Fentress, Chairman of ACR, and Eldren Blackwell, ACR CFO. I will now turn the call over to Mark.
Good morning, everyone, and thank you for joining our call. Today I will provide an overview of our loan operations, real estate investments, and the health of the investment portfolio while Eldren.
Blackwell, our CFO, will discuss financial statements, liquidity condition, book value, and operating results for the second quarter of 2026. Of course, we look forward to your questions at the end of our prepared remarks. The ACRES team continues to actively manage the portfolio and has seen operations improving on underperforming assets. We are selective on the opportunities we pursue and the loans we originate. We still anticipate meeting our target $500 million of net growth in the REIT for 2026. We spoke at our annual shareholders meeting last month, at which time we proposed a share issuance in accordance with a merger agreement we entered into with our external manager. the result of which will be the internalization function of our manager. We are very pleased that approximately 99% of the votes cast on the proposal to issue shares as part of the internalization transaction were cast in favor of the proposal.
The ACRES team has been working hard on the internalization and anticipates that closing will take place in short order. We look forward to providing more updates as we complete the transaction. Loan payoffs and paydowns during the period were $92.7 million and funded commitments during the quarter were $17.8 million, producing a net decrease to the loan portfolio of $74.9 million. The portfolio generally continues to perform, demonstrating sound and consistent underwriting and proactive asset management. At June 30th, our weighted average risk rating was 2.6, an increase from 2.5 at March 31st, and the number of loans rated 4 or 5 was 10, the same as the end of the first quarter. A portion of our CRE loan portfolio rated 405 based on the company's economic interest was 14% at both June 30th and March 31st. We'll now have ACR's CFO, Eldren Blackwell, discuss the financial statements and operating results during the second quarter.
Thank you and good morning, everyone. Gap net loss allocable to common shares in the second quarter was $12.5 million, or $1.87 per share. Cap net loss for the quarter included $5.1 million of internalization transaction costs and $4 million of incremental compensation expense from the accelerated vesting in connection with the pending internalization transaction. Transaction costs for the pending internalization transaction are expensed as incurred in accordance with generally accepted accounting principles. As such, we expect additional transaction-related costs to be recognized in the third quarter as we diligently work to close the deal. Gap net loss for the quarter also included $10.5 million in net interest income, which was an increase of $1.3 million over the prior quarter. This increase in net interest income was primarily driven by the full quarter's impact of our new CRE securitization.
That net loss for the quarter also included $1.1 million of net increase in the performance of our net real estate operations. We saw an increase in current expected credit losses, or CECL reserves, of $1.7 million, or 25 cents per share. compared to a decrease in CECL reserves during the first quarter of $1 million, which was primarily driven by a decline in projected macroeconomic factors. The total allowance for credit losses at June 30th was $21.1 million and represented 0.99% or 99 basis points on our $2.1 billion loan portfolio at par and was composed entirely of general credit reserves. EAB for the second quarter of 2026 was a loss of 74 cents per share as compared to an EAB gain of 2 cents per share for the first quarter. EAD loss was primarily driven by $5.5 million in internalization transaction costs recognized during the quarter and the recognition of $984,000 of accelerated deferred debt costs on one of our debt facilities during the quarter. Without these costs, EAD would have been 14 cents for the quarter. The total value per share was $26.76 on June 30th versus $29.98 on March 31st, driven by the vesting of restricted stock, transaction costs, and deferred debt costs this quarter.
Available liquidity at June 30th was $83 million, which comprised $41 million of unrestricted cash and $42 million of projected financing available on unlevered assets. Our gap debt to equity and leverage ratio decreased to 3.2 times at June 30th from 3.4 times at March 31st, primarily net repayments on our CRE loan portfolio. At June 30, 2026, the company had total gross net operating loss carry forwards of $94.1 million or approximately $6.36 per share of book value that can be offset against the future net income generating activities of the company. With that, I will now turn the call to Andrew Fentress for closing remarks. Thank you, Eldred and Mark.
First I want to thank all of our shareholders for voting in favor of the transaction this June. The entire team is highly motivated by your confidence and we are committed to working to deliver on our mission of growing value for our shareholders over the long term. Pro forma for the closing of the transaction, Acres employees will own 40 plus percent of ACR common stock. We are directly aligned with you. As you are aware, the combined company will have two primary sources of revenue that we will continue to focus on as we go forward and we intend to provide you with as much transparency the key metrics as possible so that you know what we are focused on and that our efforts can be measured over time. We ask for your patience as we transition the reporting from simply a REIT balance sheet to one that also includes additional fee-related revenues. Nothing about our business is changing.
We will continue to originate, underwrite, and asset manage A-quality assets in A-quality markets with A-quality sponsors. We do this by staying focused on serving our borrowers and delivering them the service and capital that they need. We chose this time for the transaction because we see ample opportunity to grow. Stay tuned as we expect to share more with you in the coming weeks about the progress of the transaction. Thank you for your continued support, and I look forward to speaking with all of you. This concludes our opening remarks. I'll now turn the call back over to the operator for questions.
Thank you, Mr. Fentress. Ladies and gentlemen, at this time, if you do have any questions or comments, please press star 1. If you find that your question has been addressed, you may remove yourself from the queue by pressing star 2. Once again, that's star 1 for questions. first this morning to Matthew Erdner of Jones Trading. Please go ahead.
2. Question Answer
Hey, good morning guys. Thanks for taking the question. I'd like to talk about the loan portfolio and kind of what you guys are seeing from the pipeline and kind of that path to that 500 million net growth that you talked about, where you guys kind of see that shaking out over the next couple of quarters.
Thanks, Matthew. This is Mark. The pipeline is actually stronger than ever. There's a lot of opportunity out there, and we're analyzing best opportunities to put into the portfolio. I think that what we're seeing in the market today is a lot of capitulation people are starting to sell assets realizing that potentially they might not recover all of their equity we're starting to see a lot of sales happening acquisitions and we're getting the benefit of a good look at some really quality opportunities with good sponsors.
Awesome. That's good to know. And then, I guess looking into the internalization, are there any, I guess, one-time expenses that you guys are expecting that we should kind of think about as this process continues or as you guys begin to integrate?.
Yes, there are going to be some one-time expenses. We encourage some of them in the quarter. As you probably are aware, GAAP requires us to record expenses as they get created, so that's why some of them showed up in Q2. There will be some additional that show up in Q3.
Got it. And then I guess from a modeling perspective, should we kind of look at that as similar to the second quarter? Sorry, say that one again. From a modeling perspective, should we think about it kind of those one-time expenses running similarly to what we saw this quarter?.
No, they'll be lower in the third quarter.
The one-time transaction related charges from an expense standpoint, yes. Okay. Perfect. That's helpful there. And then last one from me. Could you talk a little bit about the bridge on slide 22 from kind of the externally managed to the $2.7 billion number? Is that largely from that warehouse financing? that you guys are able to pull down right now and start issuing or originating on?.
No, that is largely a function of existing equity dollars that are in the portfolio that are going to be sold and converted from equity into loan book.
Got it. That's helpful. Thank you, guys. Thank you. We'll go next now to Chris Muller of Citizens Capital Markets.
Hey guys, thanks for taking the questions. Maybe picking up on that last line of questioning. So, just looking at the hypothetical EAD post-merger, it looks like the AUM fees are the key between those different case scenarios there. I guess, what is the main driver behind the AUM fees that you guys would have control over to push it between case one up to case three?.
So this is AUM and fees related to an Evergreen fund vehicle, separate accounts. and new fund products that are in our pipeline at ACRES. So, we have pretty good visibility on these numbers.
And what would push it towards that $48 million versus up to the $73 million in those different case scenarios?.
additional AUM growth in those products. So, separate account, open and closed end fund vehicles.
Got it. So it's just growing the AUM base. That makes sense. And I guess maybe changing gears a little bit. I think you have two REO properties left. I guess one, is there any updates on timing for potential sales you guys could share with us there? I guess the other one. So one of the hotels looks like it's been held for sale since 2022. Has that been listed for sale? for sale in the market since 2022, or is that just the accounting treatment of the asset?.
It has been listed for sale and for various reasons, including labor strikes in that market. It's been difficult to sell. It's actually back on the market right now. And again, we're being held up a little bit by not having a contract with a labor union. And it's difficult to sell the asset when you can't... project the expenses on a go-forward basis for labor. So yes, we're actively trying to sell it, but it's difficult to find a buyer until there's some commitment on the side of the union.
Got it. Appreciate you guys taking the questions today and look forward to this internalization closing hopefully in the next couple of weeks.
Thank you, Chris. Excellent. Thank you very much. Thank you. And just a quick reminder, ladies and gentlemen, any further questions this morning, please press star 1 at this time, and we will pause for just one moment. Gentlemen, it appears we have no further questions coming in this morning. Mr. Fentress, I'd like to turn things back to you, sir, for any closing comments.
Thank you everyone for the time today. We look forward to being in touch as the transaction announcements continue to roll out over the next several weeks.
Thank you, gentlemen. Again, ladies and gentlemen, that will conclude today's second quarter 2026 Acres Commercial Realty Corp earnings call. Again, thanks so much for joining us, everyone, and we wish you all a great day. Goodbye.
This live transcript is auto-generated without human intervention or review.
[Call has ended.]
ACRES Commercial Realty Corp — Q2 2026 Earnings Call
ACRES Commercial Realty Corp — Q1 2026 Earnings Call
1. Management Discussion
Thank you. Good day, ladies and gentlemen, and welcome to the First Quarter 2026 ACRES Commercial Realty Corp. Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to introduce your host for today's conference, Kyle Brengel, Vice President, Operations. You may begin.
Good morning and thank you for joining our call. I would like to highlight that we have posted the first quarter 2026 earnings presentation to our website. This presentation contains summary and detailed information about the quarterly results of the company. Before we begin, I want to remind everyone that certain statements made during this call are not based on historical information and may constitute forward-looking statements. When used in this conference call, the words believes, anticipates, expects, and similar expressions are intended to identify forward-looking statements. Although the company believes these forward-looking statements are based on reasonable assumptions, such statements are based on management's current expectations and beliefs and are subject to several trends, risks, and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements.
These risks and uncertainties are discussed in the company's reports filed with the SEC, including its reports on Forms 8-K, 10-Q and 10-K, and in particular, the Risk Factors section of its Form 10-K. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to update any of these forward-looking statements.
Furthermore, certain non-GAAP financial measures may be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with generally accepted accounting principles are contained in the earnings presentation for the past quarter. With me on the call today are Mark Fogel, President and CEO; Andrew Fentress, Chairman of ACR; and Eldron Blackwell, ACR's CFO. I will now turn the call over to Mark.
Good morning, everyone, and thank you for joining our call. Today, I will provide an overview of our loan operations, real estate investments, and the health of the investment portfolio, while Eldron Blackwell, our CFO, will discuss the financial statements, liquidity condition, book value, and operating results for the first quarter of 2026. Of course, we look forward to your questions at the end of our prepared remarks.
Since acquiring the ACR management contract in 2020, we have executed on our strategy to drive book value by originating high-quality loans, aggressively managing the portfolio, repurchasing our stock and creatively using tax assets available to the company. As part of that strategy, this quarter, we sold another of our real estate investments and realized a $3.3 million GAAP and EAD gain.
This sale, coupled with the sale of an office building in 2024 and our development and sale of the student housing project in Florida and other projects were key components to our real estate investment strategy. The gains on the real estate investments, stock repurchases and retained earnings raised our book value by 66% since 2020, $29.98 per share. We deployed the proceeds from sales back into our loan book, originating high-quality loans and this quarter closed on our new CRE securitization. ACRES 2026-FL4 is a $1 billion CRE securitization that has leverage of 86.5% at SOFR plus 1.68%, and includes a 30-month reinvestment period. We completed the ramp-up period investments during the first quarter of 2026, and we'll see the full run rate benefit of the transaction in the second quarter.
This is the fourth securitization transaction that we have completed at the REIT. We were able to increase our GAAP leverage from 2.8x at December 31 to 3.4x at March 31, which was a stated objective we had last year to increase portfolio leverage and the size of the CRE loan portfolio. In the first quarter of 2026, we closed new commitments of $495.6 million, offset by loan payoffs and net unfunded commitments totaling $121.2 million, producing a net increase to the loan portfolio of $374.4 million. The weighted average spread on newly originated loans is 3.09%.
We have increased the loan portfolio to $2.2 billion and 60 investments as of March 31, and the spread is now 3.29% over 1-month term SOFR rates. We now have over half of the portfolio at SOFR floors of over 3%, so we have yield protection in a declining base rate environment. The portfolio generally continues to perform, demonstrating sound and consistent underwriting and proactive asset management. At March 31, our weighted average risk rating was 2.5, a decrease from 2.7 at December 31, and the number of loans rated 4 or 5 was 10, no change from the end of the fourth quarter. The portion of our CRE loan portfolio rated 4 or 5 based on the company's economic interest was 14% at March 31, down from 17% at December 31.
As noted earlier, we are excited to announce that we sold one of our real estate investments in the Greater Philadelphia area this quarter, which resulted in a GAAP and EAD gain of $3.3 million. We will now have ACR's CFO, Eldron Blackwell, discuss the financial statements and operating results during the first quarter.
Thank you, and good morning, everyone. GAAP net loss allocable to common shares in the first quarter was $1 million or $0.16 per share. GAAP net loss for the quarter included $9.3 million in net interest income, which was a decrease of $1.4 million over the prior quarter. This decrease in net interest income was primarily driven by the ramp-up period of our new CRE securitization, combined with lower fee recognition from loan payoffs. As Mark noted, we'll see the run rate impact of the fully invested FL4 securitization during the second quarter. GAAP net loss for the quarter also included a $1.3 million net decrease in the performance of our net real estate operations to a net loss of $1.2 million and a $3.3 million net gain on the sale of the previously mentioned land sale in the Philadelphia area.
We saw a decrease in current expected CECL losses or CECL reserves of $1 million or $0.15 per share as compared to a decrease in CECL reserves during the fourth quarter of $1.3 million, which was primarily driven by improvements in projected macroeconomic factors during the quarter, offset by an increase in the model credit risk of the company's loan portfolio. The total allowance for credit losses at March 31 was $19.4 million and represented 0.88% or 88 basis points on our $2.2 billion loan portfolio at par, and was composed entirely of general credit reserves. EAD for the first quarter of 2026 was $0.02 per share as compared to an EAD loss of $0.48 per share for the fourth quarter.
GAAP book value per share was $29.98 on March 31 versus $30.01 on December 31. Available liquidity at March 31 was $87 million, which comprised $48 million of unrestricted cash and $38 million of projected financing available on unlevered assets. Our GAAP debt-to-equity leverage ratio increased to 3.4x at March 31 from 2.8x at December 31, primarily from the closing of the securitization. At the end of the first quarter 2026, the company's net operating loss carryforwards were $32.1 million or approximately $4.89 per share. And with that, I will turn the call to Andrew Fentress for closing remarks.
Thank you, Eldron. Along with the entire ACRES team and Board members of ACRES Commercial Realty, I'm thrilled to announce the internalization combination of these two companies. The logic for the combination is simple: to be the best resource possible for our middle market customers. To be the best partner, we have to offer creative solutions, competitive, flexible capital and exceptional customer experience. Today, ACRES provides a complete dirt-to-perm financing solution program. As we continue to grow this roughly $5 billion platform, our offering and service will only improve, further driving value for all of our stakeholders. Post the merger, the ACRES employees and board members will be the largest shareholders in the company with over a 40% interest. This will keep us directly aligned with our other shareholders and focused on credit, customers and costs.
Over time, we want to deliver a sector-leading return profile defined by consistent above-market dividends while employing modest leverage with complete transparency. Management will remain in place. All the ACRES owners and employees received 100% of their consideration for this transaction in ACR shares at book value, signaling our belief in the long-term success of this company. While we humbly recognize the challenges in our market, ACRES is front-footed and growing. We love to compete each day and look forward to working with each of you in the coming years. In addition to our regular shareholder presentation for the Q1, we've also added a short presentation to help further explain the merit of the transaction. Both can be found on our website. This concludes our opening remarks. I'll now turn the call back to the operator for questions.
[Operator Instructions]
We'll take our first question from Matthew Erdner with JonesTrading.
2. Question Answer
Congrats on all the continued progress and on the internalization announcement. I'd like to kind of touch on that first as to just the timing of it, why now, why you felt like it was a good time? And then I guess, the economic impact of that going forward if this were to be approved.
Sure. So with respect to the timeline, -- the expectation is that this will be obviously an item in our Annual Shareholder Meeting, which is scheduled for June 23 -- excuse me, June 22. And then we would expect it to close shortly thereafter, most likely in the July time frame. With respect to why now, listen, we feel like there's a great market opportunity. We have positive momentum as a firm, as a team. And we felt like the rough size of the two companies made sense to do it at this juncture in our trajectory as well. And then on economic impacts, we've outlined a lot of it in the deck that's in the -- that's available for shareholders. But look, the punchline is we expect to be able to drive non-balance sheet-related revenues from our asset management activities and other operations that exist inside of ACRES today that will all flow up and be available to pay higher and increasing EAD.
Got it. That's helpful. I appreciate that. And then as it relates to the $87 million in liquidity, would you guys say you're close to fully invested from a loan portfolio size? How should we think about that and just capital deployment going forward?
Yes. I would say today, we would say that we're fully invested. And look, part of the strategy is as we expect to drive a dividend, that will get us to a place where we hope to be able to issue and grow from there.
We'll move on to Chris Muller with Citizens Capital Markets.
So really great to see the merger and internalization announcement. I guess once the transaction closes, what will the combined company look like? And apologies if this is in the deck, I haven't had a chance to go through that yet. Is it going to look like just a larger ACR with the servicing portfolio? Or are there other complementary businesses that are part of ACC that are going to be part of this combined company?
Sure. So the company will have an asset management component. So the public entity will be the registered investment adviser for an existing asset management business that resides inside of funds and SMA structures. Those fees will flow up to the public company and be available to be included in the EAD calculation on a go-forward basis.
Got it. Got it. And then I see you guys mentioned that EAD supporting a common dividend in the press release there. Should we expect a dividend to be implemented in quick order once the transaction closes? Or is it kind of just getting everything integrated together and then you'll address the dividend down the road?
So our general view on dividends is we will pay them as we earn them. And that we expect that once the companies combine, that we'll have a very clear picture on exactly the earnings power of the company, and then we expect to distribute those earnings through EAD as they're earned.
Got it. Very fair. And just last housekeeping one, if I could. Do you guys have an estimated pro forma book value for this transaction?
Not at this time.
We'll move on to Gabe Poggi with Raymond James.
With the internalization happening at book value and management being aligned at book, is book value the bogey for any fresh kind of capital as you guys see going forward as you grow the business?
Yes, Gabe, we believe in doing things accretively for shareholders. I think we've demonstrated that by repurchasing shares at a discount. I think as we expect to grow the company, we want to do it accretively as well. So by definition, that means we're issuing at or above book value going forward.
Got it. And then a follow-up. Just as it pertains to leverage and then leverage to total capital leverage to common, I know you guys have the slide, the usual, kind of, base bull case for where you want to get the loan book to be. Where is your comfort level on a total leverage to common? Or do you really talk about this at this size, you just think about it as total leverageable capital, obviously, inclusive of the preferred and non-controlling interest, et cetera.
Yes. Look, I think four turns, we expect we're very comfortable. I think one of the advantages of the transaction is that we can target a higher dividend without increasing leverage. And so over time, that's one of the advantages of having essentially non-balance sheet-related earnings where you don't have to increase leverage to increase earnings available for distribution. So that's one of the things that we like about the profile of the company on a pro forma basis. But I think what we've put out is that we've shown three cases where we're basically all at 3.5x leverage with different assumptions for non-balance sheet-related fees that drive to dividends that start the mid-single digits on up into the mid-teens.
And it appears that we have no further questions at this time. I'd be happy to return the call to our hosts for any closing comments.
Great. Well, thank you all for attending the call this morning. We know there's a lot of information to digest in the presentation. So please follow up with us directly with any questions going forward, and we look forward to all the conversations. Thank you.
Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect.
ACRES Commercial Realty Corp — Q1 2026 Earnings Call
ACRES Commercial Realty Corp — Q4 2025 Earnings Call
1. Management Discussion
Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2025 ACRES Commercial Realty Corp. Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.
I would now like to introduce your host for today's conference, Kyle Brengel, Vice President, Operations. You may begin.
Good morning, and thank you for joining our call. I would like to highlight that we have posted the fourth quarter 2025 earnings presentation to our website. This presentation contains summary and detailed information about the quarterly results of the company. Before we begin, I want to remind everyone that certain statements made during this call are not based on historical information and may constitute forward-looking statements.
When used in this conference call, the words believes, anticipates, expects and similar expressions are intended to identify forward-looking statements. Although the company believes these forward-looking statements are based on reasonable assumptions, such statements are based on management's current expectations and beliefs and are subject to several trends, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties are discussed in the company's reports filed with the SEC, including its reports on Forms 8-K, 10-Q and 10-K, and in particular, the Risk Factors section of its Form 10-K.
Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to update any of these forward-looking statements.
Furthermore, certain non-GAAP financial measures may be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or as a substitute to the financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with generally accepted accounting principles are contained in the earnings presentation for the past quarter.
With me on the call today are Mark Fogel, President and CEO; Andrew Fentress, Chairman of ACR; and Eldron Blackwell, ACR's CFO.
I will now turn the call over to Mark.
Good morning, everyone, and thank you for joining our call. Today, I will provide an overview of our loan operations, real estate investments and the health of the investment portfolio, while Eldron Blackwell, our CFO, will discuss the financial statements, liquidity condition, book value and operating results for the fourth quarter 2025.
Of course, we look forward to your questions at the end of our prepared remarks. The ACRES team remains focused on executing on our business strategy by investing in high-quality CRE loans, actively managing the portfolio and growing earnings for our shareholders. In the fourth quarter of 2025, we closed new commitments of $571 million, offset by loan payoffs and net unfunded commitments totaling $127.2 million, producing a net increase to the loan portfolio of $443.8 million. The weighted average spread on newly originated loans is 2.83%. New loan production in the fourth quarter of 2025 and in the first quarter of 2026, put us in a position to structure and price a new CRE securitization in January.
On February 12, we closed ACRES 2026 FL4, a $1 billion deal that has leverage of 86.5% and a weighted average debt spread of 1.68%. The weighted average spread of the floating rate loans in our $1.8 billion commercial real estate loan portfolio is now 3.35% over 1-month term SOFR rates. Portfolio generally continues to perform, demonstrating sound and consistent underwriting and proactive asset management. The company ended the quarter with $1.8 billion of commercial real estate loans across 53 individual investments.
At December 31, our weighted average risk rating was 2.7, a decrease from 3.0 at September 30, and the number of loans rated 4 or 5 was 10, down from 13 at the end of the third quarter. Portion of our CRE loan portfolio rated 4 or 5 based on the company's economic interest was 17% at December 31, down from 32% at September 30.
During the quarter, another 4-rated loan paid off at par, highlighting again that the vast majority of our 4 and 5 rated loans do not suffer principal losses. Looking back through our history, when ACRES assumed the management contract of ACR in 2020, the company had 23 loans with a par balance of $411 million or 24% of the portfolio, risk-rated either 4 or 5. As of December 31, 2025, only 2 of those 4 or 5 loans remain unresolved in the portfolio.
Our exceptional asset management team created sponsor-specific solutions to successfully resolve 21 of those loans or $368 million of par value, recognizing a loss of only $4.8 million on those resolutions, or just 1.3% of the par balance of those loans. We expect the same or better results on the remaining 4 or 5 rated assets in our portfolio as we work actively and strategically with our sponsors to create positive resolutions.
The majority of these assets have manageable, stabilized LTVs of 80% or less. To further highlight this point, as a firm since inception 12 years ago, ACRES has incurred minimal realized losses on almost $8 billion of invested capital. We are also excited to announce that we sold one of our REO assets collateralized by an office property in Austin, Texas this quarter, which resulted in an earnings available for distribution or EAD gain of $1.3 million.
During the quarter, we charged off a legacy $4.7 million mezzanine loan that was originated prior to ACRES management in 2018 and whose loss was fully reserved for and recognized in both GAAP and book value in 2022. We recognized the EAD impact this quarter in connection with settlement of that loan.
We will now have ACR's CFO, Eldron Blackwell, to discuss the financial statements and operating results during the fourth quarter.
Thank you, and good morning, everyone. GAAP net loss allocable to common shares in the fourth quarter was $3 million or $0.43 per share. GAAP net loss for the quarter included $10.7 million in net interest income, which was an increase of $2.3 million over the prior quarter. This increase in net interest income was driven by net loan originations of $443.8 million and corresponding facility draws during the quarter.
GAAP net loss for the quarter also included a $3 million net increase in the performance of our net real estate operations to net income of $156,000 and a $1.5 million net loss on the sale of the previously mentioned office property in Austin, Texas. We saw a decrease in current expected credit losses, or CECL reserves of $1.3 million, or $0.19 per share as compared to a decrease in CECL reserves during the third quarter of $4 million, which was primarily driven by loan payoffs and net improvements in the model credit risk of our CRE portfolio, offset by a general decline in projected macroeconomic factors during the quarter.
Also, as previously mentioned, ACR recorded a charge-off of $4.7 million on a mezzanine loan that was fully reserved for in 2022. The total allowance for credit losses at December 31 was $20.4 million and represented 1.11% or 111 basis points on our $1.8 billion loan portfolio at par and was composed entirely of general credit reserves.
Excluding the loss for the mezzanine loan that was fully reserved for in 2022, EAD for the fourth quarter 2025 was $0.20 per share. When the mezzanine loan is included, the company reported an EAD loss of $0.48 per share as compared to earnings of $1.01 per share for the third quarter.
GAAP book value per share was $30.01 on December 31 versus $29.63 on September 30. Additionally, during the quarter, we used $10 million to repurchase 493,000 common shares at an approximate 33% discount to book value at December 31. In December 2025, the authorized amount was fully utilized, and since November 2020, the company has repurchased 5.3 million shares at an average discount to book value of 49%. Available liquidity at December 31 was $108 million, which comprised $84 million of unrestricted cash and $24 million of projected financing available on unlevered assets.
Our GAAP debt to equity leverage ratio increased to 2.8x at December 31, from 2.7x at September 30 from net originations on our CRE loan portfolio. At the end of the fourth quarter 2025, the company's net operating loss carryforward was $32.1 million, or approximately $4.89 per share.
With that, I will now turn the call to Andrew Fentress for closing remarks.
Thank you, Eldron. We're pleased to -- we're pleased with the continued execution of our plan to drive shareholder value. In the fourth quarter, we originated $571 million of new loans. We repurchased shares at accretive levels, sold an REO asset, improved the credit quality of the portfolio and positioned the company to resume paying a dividend to common shareholders.
Since assuming the role of manager in July of 2020, ACR book value has increased a total of 66%. All the team here at ACRES is energized by the opportunity set we see in front of us, both in the asset class and the competitive landscape. We will continue to deploy capital through careful underwriting, and then manage each investment to the optimal outcome for shareholders.
We greatly appreciate your continued support and investment in ACR, and we look forward to your questions. This concludes our opening remarks. I'll now turn the call back to the operator for questions.
[Operator Instructions] Our first question comes from Matthew Erdner with JonesTrading.
2. Question Answer
Could you touch a little bit more on the loans that you guys completed this quarter? It's a really impressive number in terms of net loan growth. I heard you mentioned the $283 spread there, but could you give any additional kind of color on that? And then as well, what the current pipeline looks like?
Sure, Matt. This is Mark. The color on that portfolio is it was mostly multifamily type execution. The average loan size was probably about $40 million to $50 million. Spreads range between 250 and 325. And it was purposely focused our origination effort on multifamily this quarter and the next quarter in that we were in the process of looking to execute a new CLO and CLO execution was extremely dependent on a significant amount of multifamily. On the bright side, our CLO execution includes reinvestment opportunity to do up to 40% of our assets outside of multifamily.
Got it. And then how long is that reinvestment period? Is it 24 months?
30 months.
Got it. Awesome. And then with the additional kind of equity investments, Page 11 of the deck. What's your plan for that? And then would we -- or should we expect an exit from any of those assets as we go through the year?
I think about one of them right now, you can expect an exit of one of the smaller land deals that we have. We're actually under LOI right now to sell that asset. One of the other assets is out on the market right now. We expect that we'll get some offers during the year, and we'll make a decision based on where those offers come in.
Got it. That's helpful. And then last one for me. Just I noticed something on the balance sheet. Noncontrolling interest jumped up to that $130 million, call it, from about 1. I was just curious what that was?
Sure. This is Andrew. So the company sold a position or a portion of its previously issued financing arrangement with JPMorgan, and so that interest is recorded as an NCI.
We'll now move on to Chris Muller with Citizens Capital Markets.
Nice to see originations come in really strong. And based on your illustrative earnings slide, it looks like there's some at least capacity to grow the portfolio and push leverage a little bit. Could we see this pace of deployment we saw in the fourth quarter in the near term? Or was that mostly due to the CLO execution in January?
No, Chris. We expect we'll see a decent amount of additional deployment significantly -- a significant amount of it had occurred in the first quarter of 2026, but we're projecting net growth in the portfolio of $500 million to $700 million in 2026.
Got it. That's great to hear. And I guess turning gears a little bit. I believe the capital loss carryforwards expired at the end of the year. So thinking about potential upside to book value, would any future gains on REO be fully taxed going forward? Or are there any other offsets that would apply?
This is Eldron. No, we -- well, let me start with we have. We still have remaining NOLs $32.1 million at the QRS. So that's available to us. That's an if, not a -- a when, not an if. But as long as we continue to have depreciation, some of our normal operating expenses, I don't expect in the future that any gains on those capital items would be taxable. We also have tax. We also have NOLs in our TRS. So any activity down there is also protected.
Got it. Got it. So there's still a little bit that will flow through. I guess just a quick clarifying one. The $3.4 million of realized losses on core activities, was that just the mezzanine loan write-off that you guys talked about? Or is there something else in there?
That was a big chunk of it. We recorded a $4.7 million EAD loss attributable to this mezzanine loan that we inherited as part of our taking control of the REIT, and we recorded a specific reserve for that back in 2022.
And the specific -- or the CECL reserve release in the quarter, that was a specific reserve release related to this asset. Is that right?
Part of it was the specific reserve, the $4.7 million. The other $1.3 million was just improvement in net credit of the portfolio on our general reserves.
[Operator Instructions] We'll move on to Gabe Poggi with Raymond James.
I've got a couple. For year-to-date originations, has there been any change in spreads, has there been any mix shift away from multifamily? Just anything you could provide there would be helpful.
In 2026, originations to date have mostly been multifamily. As I said, we've been geared towards -- we were geared towards ramping up for our CLO. Spreads overall in that portfolio are about 2.83%. We're seeing spreads come down on the multifamily side for sure across the boards, but as I said, we're looking at other asset classes for reinvestment activity. And going forward, you'll see a different type of mix within our portfolio. We're pretty heavily weighted towards multifamily right now, and I would expect that some of that will start to fall off over the course of 2026.
Got it. So is the goal there to kind of maintain that 2.80% over spread while mixing out to other asset classes? Or do you just want to -- are you content to kind of have asset yields bleed a little bit lower just because of the competitive nature of the market?
No. Our intent is to be above and beyond 2.83%. There are certainly a lot of opportunities in other asset classes where spreads are better, some more risk-reward opportunity in self-storage and office and retail. Historically, our portfolio has been only 60% to 65% multifamily, and that's where we expect it to get back to.
Okay. A question on repayments in '26. You've got about $400 million update there. Obviously, the CECL reserve has come down. Do you expect just a normal cadence of repay activity for '26? Anything in there that we should be aware of?
No, we expect that repayments in '26 will be healthy. We're projecting about $500 million of repayments in '26, mostly older vintage assets. And importantly, what that does for us, if you mix in new originations in '26, is it brings down our older vintage, call it, '23 and older type assets down to about only 15% of the portfolio.
And then one more, and this is kind of a high-level question. But as you guys think about ramping the portfolio, right, in Slide 14 in the deck, and taking total leverage to 3.5% because of the capital structure and pref versus common, you tilt more to a higher leverage ratio on the common level. Where is the comfort level as you think about leverage to the common, and where do you want to max out there in that ramp? And I see the current state, the mid, and then the full tilt. But just how do you think about that in the bigger macro environment, where the comfort level is leveraged to the common equity?
Yes, Gabe, it's Andrew. I think what we show is we're inside of our comfort level at that inside of 4 turns. And I don't think you'll see us go above that.
Got it. So inside of 4 on total my words, leverageable capital, we think could push the leverage on the common higher, but total leverageable capital inside of 4.
At this time, there are no further questions in queue. I will now turn the meeting back to our presenters.
Thank you, everyone. We appreciate your support, and we look forward to reconnecting with all of you in the coming weeks. If you have any questions, please reach out to myself or Eldron. Have a great day.
Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect.
ACRES Commercial Realty Corp — Q4 2025 Earnings Call
ACRES Commercial Realty Corp — Q3 2025 Earnings Call
1. Management Discussion
Good day, ladies and gentlemen, and welcome to the Third Quarter 2025 ACRES Commercial Realty Corp. Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.
I would like to now introduce your host for today's conference, Kyle Brengel, Vice President, Operations. You may begin.
Good morning, and thank you for joining our call. I would like to highlight that we have posted the third quarter 2025 earnings presentation to our website. This presentation contains summary and detailed information about the quarterly results of the company.
Before we begin, I want to remind everyone that certain statements made during this call are not based on historical information and may constitute forward-looking statements. When used in this conference call, the words believes, anticipates, expects and similar expressions are intended to identify forward-looking statements. Although the company believes these forward-looking statements are based on reasonable assumptions, such statements are based on management's current expectations and beliefs and are subject to several trends, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements.
These risks and uncertainties are discussed in the company's reports filed with the SEC, including its reports on Forms 8-K, 10-Q and 10-K, and in particular, the Risk Factors section of its Form 10-K. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to update any of these forward-looking statements.
Furthermore, certain non-GAAP financial measures may be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or as a substitute to the financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most comparable measures, prepared in accordance with generally accepted accounting principles, are contained in the earnings presentation for the past quarter.
With me on the call today are Mark Fogel, President and CEO; and Eldron Blackwell, ACR's CFO. I will now turn the call over to Mark.
Good morning, everyone, and thank you for joining our call. Today, I will provide an overview of our loan operations, real estate investments and the health of the investment portfolio, while Eldron Blackwell, our CFO, will discuss the financial statements, liquidity condition, book value and operating results for the third quarter 2025. Of course, we look forward to your questions at the end of our prepared remarks.
The ACRES team remains focused on executing on our business strategy by building a pipeline of high-quality investments, actively managing the portfolio and focusing on growth in both earnings and book value for our shareholders. In the third quarter, we funded new commitments of $106.4 million, offset by loan payoffs, sales and paydowns of $153.2 million, producing a net decrease to the loan portfolio of $46.8 million. We expect a substantial number of new loan closings in the fourth quarter, which will produce positive growth in the portfolio for the full year.
The weighted average spread of the floating rate loans in our $1.4 billion commercial real estate loan portfolio is now 3.63% over 1-month term SOFR rates. Portfolio generally continues to perform, demonstrating sound and consistent underwriting and proactive asset management. The company ended the quarter with $1.4 billion of commercial real estate loans across 46 individual investments.
At September 30, our weighted average risk rating was 3.0, an increase from 2.9 at June 30, and the number of loans rated 4 or 5 was 13, both at the end of last quarter and the end of this quarter.
During the quarter, we sold one of our real estate investments, which resulted in a gross capital gain of $13.1 million. This gain on sale represented a significant part of our strategic plan to use our capital loss carryforward to maximize shareholder value.
During the quarter, we also closed on a construction loan with a third-party lender to convert an REO office property in Chicago to a Class A 252-unit multifamily property. The property had previously been contributed to a joint venture with a Chicago-based developer. We expect the grand opening of the property during Q3 2026.
As we exit our real estate investments and the loan portfolio continues to amortize, we expect to redeploy capital into attractive CRE loans. As always, we will seek to optimize our portfolio leverage in order to drive equity returns.
In summary, the ACRES team continues to be focused on the overall quality of the investment portfolio, including investments in real estate with the goal of improving credit quality and recycling capital into new investments to enhance shareholder value.
We will now have ACR's CFO, Eldron Blackwell, discuss the financial statements and operating results during the third quarter.
Thank you, and good morning, everyone. GAAP net income allocable to common shares in the third quarter was $9.8 million or $1.34 per share diluted. GAAP net income for the quarter included a $13.1 million gross gain on the sale of one of our real estate investments, as Mark discussed.
Net real estate operations declined by $2.7 million over the prior quarter due to a loss of $2.8 million. Of that loss, $2 million was due to exit fees on the construction and [ PACE ] financing and other accelerated costs on the balance sheet from the aforementioned real estate investment sale and to a lesser extent, from the operating performance at our two hotels.
During the quarter, we saw a decrease in current expected credit losses or CECL reserves of $4 million or $0.54 per share as compared to a decrease in CECL reserves during the second quarter of $780,000, which was primarily driven by improvements in the modeled credit risk of our CRE loan portfolio and improvements in expected macroeconomic factors during the quarter. The total allowance for credit losses at September 30 was $26.4 million and represented 1.89% or 189 basis points on our $1.4 billion CRE loan portfolio at par and was composed of $4.7 million in specific reserves and $21.7 million in general credit reserves.
Earnings available for distribution, or EAD, for the third quarter 2025 was $1.01 per share as compared to $0.04 per share for the second quarter. Quarter-over-quarter, EAD saw a net $1.30 increase due to the real estate investment gain on sale, offset by a $0.37 decrease from real estate operations. The net EAD gain is our allocable portion of the gain based on our ownership percentage in the investment.
GAAP book value per share was $29.63 on September 30 versus $27.93 on June 30. Additionally, during the quarter, we used $2.9 million to repurchase 153,000 common shares at an approximate 36% discount to book value at September 30. There was approximately $2.5 million remaining on the Board-approved program at quarter end.
Available liquidity at September 30 was $64 million, which comprised $41 million of unrestricted cash and $23 million of projected financing available on unlevered assets. Our GAAP debt-to-equity leverage ratio decreased to 2.7x at September 30 from 3x at June 30 from net repayments on our CRE loan portfolio and the payoff of asset-specific financing on the sold real estate investment. At the end of the third quarter 2025, the company's net operating loss carryforward was $32.1 million or approximately $4.55 per share.
With that, I will turn the call to Andrew Fentress for closing remarks.
Thank you, Eldron. The third quarter showed progress on our stated goals of selling assets, redeploying the gains into new loans. We're nearly complete on this mission and are excited about the next steps. We have a full pipeline that will soon be available for securitization and get the company on track to maximize income in EAD.
This quarter marked the fifth anniversary since we assumed the role of manager for ACR. In this 5-year period, book value has increased 12.7% per year, and the stock has increased 41.8% per year. We're excited for the next chapter in the company's evolution and look forward to your questions.
I'll now turn the call back over to the operator. Thank you.
[Operator Instructions] And we'll take our first question from Matthew Erdner with JonesTrading.
2. Question Answer
Congrats on a solid quarter there. As it relates to kind of the asset-specific financing or I guess, the reinvestment there, what are you guys looking for in the market to kind of go out with a CLO? Or is it just a matter of getting some originations out the door in the fourth quarter, get the portfolio a little bit bigger and then go into the market?
Yes. Thanks, Matt. It's really what you just said in the latter part of your question, which is we're in the marketplace, originating new loans currently. We expect by the end of the fourth quarter, beginning of the first quarter to have sufficient collateral on warehouse to execute a transaction sometime in Q1.
Got it. And then as a follow-up to that, it looks like there's no fully extended maturities for the remainder of the year. Are you guys expecting any loans to pay off early? And if not, have you guys committed any capital loans quarter-to-date just to try and target kind of that 1.5 to 1.7 year-end target that you guys have laid out in the past?
Yes. We don't see anything significant with respect to payoffs at this juncture. And yes, we're still on the same target for net growth that we've laid out in the past.
Got it. That's helpful. And then as it relates to those loans, do you expect to be more active on the construction side or as a part of the bridge that you guys have done in the past also?
In the REIT, we do not typically provide construction financing. On the other side of our business, within our fund business, we do provide construction loans, which actually is a help to the REIT eventually as we provide bridge loans to those construction loans to take those out. So we are active on the construction financing side, but on the fund part of our business, which will eventually benefit the REIT as those loans migrate into bridge loans.
We'll put some numbers on that real quick. So right now, in the portfolio on the fund side, there's about $650 million to $700 million of construction that's underway. And as Mark said, we expect some percentage of that over time to migrate into the REIT through the reinvestment periods of the CRE CLO.
[Operator Instructions] We'll take our next question from Chris Muller with Citizens Capital Markets.
Nice to see the market rewarding you guys with your stock up 10% this morning. So -- also, great to see the REO sale and growth in book value. And kudos to you guys for being patient and sticking to your strategy. Do you have any thoughts of where book value could settle once the remaining properties get sold? Or maybe asked a little bit differently, should we expect further chunky increases to book value as those properties get sold?
This is Andrew. I think we've said our target when we took over was approximately $30 a share. So we're creeping up on that objective. I don't want to give guidance really too much ahead or above that. There are really three properties that are remaining, and I think with what we know about those, the $30 is a reasonable objective.
Got it. And then I guess on property sales, following up on that a little bit. With the Fed now back on an easing cycle, have you guys seen a pickup in interest in those properties? And is there anything that you could share on potential timing of future sales? Is that like a 1Q type event? Or is it going to come later in the back half of '26?
I think on one of them, we've got reasonable visibility sometime in the next couple of quarters. And the other are operating businesses that will probably benefit from a valuation as the Fed eases a little bit, but we'll really rely more heavily on the operating metrics of the properties themselves, less so on multiples.
Got it. And just one more, if I could throw it out there. And you guys get asked this question a lot, but I'm going to throw it out there anyway. Is there anything that you can share on potential dividend and any timing around that?
Yes. We've stated pretty clearly that once we hit our book value objectives, and we think we've gone through the exercise of monetizing the assets and utilizing the tax gains or the tax losses of the gains we have that, that would be an appropriate time to begin paying a dividend again. And as I said, we're getting close. We really only got one or two more to sell.
Congrats again on a really great quarter.
[Operator Instructions] And it looks like we have no additional questions at this time. I'd like to now turn it back to our speakers for any closing or additional remarks.
Great. Thank you so much, operator, for hosting the call. We appreciate everybody's participation. If anybody has questions or follow-ups, we're always available. We look forward to talking to you again soon, one-on-one or at our next quarterly call. Thank you so much. Have a great holiday season, everybody.
Thank you, ladies and gentlemen. This does conclude today's presentation. You may now disconnect.
ACRES Commercial Realty Corp — Q3 2025 Earnings Call
Financial data from ACRES Commercial Realty Corp
Revenue
Revenue is the sum of all sales generated by a company, e.g. for its products or services.
Revenue (TTM) metric explainedDirect Costs
Direct costs are the costs incurred directly in connection with the manufacture of the product or service.
Gross Profit
Gross Profit indicates how much of the revenue remains in the company after deducting direct production costs. If the percentage share of sales is calculated, this is referred to as the gross margin.
Gross Profit metric explainedSelling and Administrative Expenses
Selling, general and administrative expenses (SG&A) include all expenses for marketing and sales as well as the general administration of the company.
Research and Development Expense
Research and development costs (R&D) provide information on how much the company invests in the research and development of its products. The costs are particularly interesting as a percentage of revenue and in comparison to direct competitors.
EBITDA
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is the company's earnings before interest, taxes, depreciation and amortization. The EBITDA margin is calculated as a percentage of sales.
Depreciation and Amortization
Depreciation represents reductions in the value of the company's assets (e.g. due to wear and tear on machinery).
EBIT (Operating Income)
EBIT (Earnings Before Interest and Taxes) is the company's profit before interest and taxes, also known as the operating income. The EBIT Margin is calculated as a percentage of sales at
.
Net Profit
Net Profit represents the profit or loss after deduction of all costs.
Net Profit metric explainedStocksGuide Premium
| Jun '26 |
+/-
%
|
||
| Revenue | 175 175 |
3%
3%
100%
|
|
| - Direct Costs | 102 102 |
2%
2%
58%
|
|
| Gross Profit | 74 74 |
3%
3%
42%
|
|
| - Selling and Administrative Expenses | 61 61 |
10%
10%
34%
|
|
| - Research and Development Expense | - - |
-
-
|
|
| EBITDA | 16 16 |
35%
35%
9%
|
|
| - Depreciation and Amortization | 0.08 0.08 |
14%
14%
0%
|
|
| EBIT (Operating Income) EBIT | 16 16 |
35%
35%
9%
|
|
| Net Profit | -6.71 -6.71 |
2,197%
2,197%
-4%
|
|
In millions USD.
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ACRES Commercial Realty Corp Stock News
Company Profile
ACRES Commercial Realty Corp. is a real estate investment trust, which engages in the origination, holding, and management of commercial mortgage loans, and commercial real estate related debt investments. The company was founded in 2005 and is headquartered in New York, NY.
StocksGuide Premium
| Head office | United States |
| CEO | Mr. Fogel |
| Employees | 4 |
| Founded | 2005 |
| Website | www.acresreit.com |
