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ACRES Commercial Realty Corp.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs65¢$51.9M
- Income tax0¢$83.0K
- Profit35¢$28.0M
Where each dollar of operating cash went, fiscal 2025
- Share buybacks100¢$22.3M
Out of $4.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| CRE loans | $118.1M | $154.9M | $184.3M |
| Other | $1.0M | $2.4M | $3.1M |
| Total interest income | $119.1M | $157.3M | $187.5M |
| Interest expense | $85.9M | $116.1M | $130.8M |
| Net interest income | $33.2M | $41.2M | $56.7M |
| Real estate income | $46.6M | $42.2M | $34.3M |
| Other revenue | $133.0K | $148.0K | $145.0K |
| Total revenues | $79.9M | $83.5M | $91.1M |
| General and administrative | $11.3M | $10.7M | $10.5M |
| Real estate expenses | $51.3M | $46.9M | $38.9M |
| Management fees - related party | $6.4M | $6.5M | $7.5M |
| Equity compensation - related party | $2.1M | $3.0M | $2.6M |
| Corporate depreciation and amortization | $78.0K | $57.0K | $91.0K |
| (Reversal of) provision for credit losses, net | -$7.7M | $4.8M | $10.9M |
| Total operating expenses | $63.5M | $71.9M | $70.5M |
| Net interest and other revenues less operating expenses | $16.4M | $11.6M | $20.7M |
| Equity in losses of unconsolidated subsidiaries | -$1.7M | -$912.0K | $0 |
| Gain on conversion of real estate | $0 | $8.6M | $0 |
| Gain on sale of investment in real estate | $11.7M | $7.5M | $745.0K |
| Other income | $1.5M | $2.0M | $527.0K |
| Total other income | $11.5M | $17.2M | $1.3M |
| INCOME BEFORE TAXES | $27.9M | $28.8M | $21.9M |
| Income tax benefit (expense) | $83.0K | -$126.0K | -$97.0K |
| NET INCOME | $28.0M | $28.7M | $21.8M |
| Net income allocated to preferred shares | -$21.1M | -$20.4M | -$19.4M |
| Carrying value in excess of consideration paid for preferred shares | $0 | $242.0K | $0 |
| Net (income) loss allocable to non-controlling interests, net of taxes | -$6.7M | $572.0K | $542.0K |
| Net income allocable to common shares | $239.0K | $9.1M | $3.0M |
| NET INCOME PER COMMON SHARE - BASIC | $0.03 | $1.19 | $0.35 |
| NET INCOME PER COMMON SHARE - DILUTED | $0.03 | $1.15 | $0.35 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC | 7.1M shares | 7.7M shares | 8.4M shares |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED | 7.4M shares | 7.9M shares | 8.6M shares |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $83.8M | $56.7M | |
| CRE loans | $1.8B | $1.5B | |
| Less: allowance for credit losses | -$20.4M | -$32.8M | -$28.8M |
| CRE loans, net | $1.8B | $1.5B | |
| Loan receivable - due from Manager | $10.4M | $10.7M | |
| Loan held for sale | $0 | $11.1M | |
| Investments in unconsolidated entities | $29.2M | $21.9M | |
| Properties held for sale | $90.8M | $201.1M | |
| Investments in real estate | $76.4M | $76.6M | |
| Right of use assets | $19.5M | $19.9M | |
| Intangible assets | $6.2M | $7.0M | |
| Other assets | $6.6M | $6.4M | |
| Total assets | $2.2B | $1.9B | |
| Accounts payable and other liabilities | $7.5M | $11.8M | |
| Management fee payable - related party | $0 | $540.0K | |
| Lease liabilities | $45.9M | $45.3M | |
| Distributions payable | $3.5M | $3.6M | |
| Accrued tax liability | $8.0K | $27.0K | |
| Liabilities held for sale | $3.1M | $3.2M | |
| Common stock, par value $0.001: 41,666,666 shares authorized; 6887451 and 7,634,004 shares issued and outstanding (including 328,586 and 574,538 unvested restricted shares) | $7.0K | $8.0K | |
| Additional paid-in capital | $1.1B | $1.2B | |
| Accumulated other comprehensive loss | -$1.6M | -$3.2M | |
| Distributions in excess of earnings | -$720.0M | -$720.3M | |
| Total stockholders equity | $420.8M | $439.1M | |
| Non-controlling interests | $129.8M | $10.5M | |
| Total equity | $550.6M | $449.7M | $446.2M |
| TOTAL LIABILITIES AND EQUITY | $2.2B | $1.9B | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 41.7M shares | 41.7M shares | |
| Common stock, shares issued (in shares) | 6.9M shares | 7.6M shares | |
| Common stock, shares outstanding (in shares) | 6.9M shares | 7.6M shares | |
| Common stock, shares issued, non-vested restricted shares (in shares) | 328.6K shares | 574.5K shares | |
| Restricted cash | $2.2M | $890.0K | |
| Accrued interest receivable | $27.3M | $14.7M | |
| Accrued interest payable | $6.8M | $7.0M | |
| Borrowings | $1.5B | $1.4B | |
| Total liabilities of consolidated VIEs | $1.6B | $1.4B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $28.0M | $28.7M | $21.8M |
| (Reversal of) provision for credit losses, net | -$7.7M | $4.8M | $10.9M |
| Depreciation, amortization and accretion | $10.3M | $9.7M | $5.2M |
| Amortization of stock-based compensation | $2.1M | $3.0M | $2.6M |
| Gain on conversion of real estate | $0 | -$8.6M | $0 |
| Gain on sale of investment in real estate | -$11.7M | -$7.5M | -$745.0K |
| Equity in losses of unconsolidated subsidiaries | $1.7M | $698.0K | $0 |
| (Increase) decrease in accrued interest receivable, net of purchased interest | -$13.0M | -$2.9M | $187.0K |
| (Decrease) increase in management fee payable | -$540.0K | -$26.0K | $284.0K |
| Increase (decrease) in accounts payable and other liabilities | -$197.0K | -$3.5M | $3.7M |
| Decrease in lease liabilities | -$2.3M | -$2.1M | -$151.0K |
| (Decrease) increase in accrued interest payable | -$173.0K | -$1.4M | $885.0K |
| (Increase) decrease in other assets | -$2.4M | -$1.4M | $978.0K |
| Net cash provided by operating activities | $4.1M | $19.4M | $45.6M |
| Principal fundings of CRE loans | -$753.2M | -$53.2M | -$108.3M |
| Principal payments received on CRE loans | $341.4M | $377.6M | $216.0M |
| Investments in real estate | -$2.6M | -$44.7M | -$38.2M |
| Proceeds from sale of investments in real estate | $121.6M | $20.0M | $14.3M |
| Investments in unconsolidated entities | -$9.1M | -$884.0K | $0 |
| Purchases of furniture and fixtures | -$165.0K | -$8.0K | $0 |
| Proceeds from sale of CRE loans | $77.5M | $0 | $77.2M |
| Principal payments received on loan - due from Manager | $300.0K | $300.0K | $300.0K |
| Net cash (used in) provided by investing activities | -$224.2M | $299.1M | $161.3M |
| Offering costs | $0 | -$82.0K | $0 |
| Repurchase of common stock | -$22.3M | -$7.9M | -$7.4M |
| Repurchase of preferred stock | $0 | -$2.2M | $0 |
| Senior secured financing facility | $0 | $0 | $13.5M |
| CRE - term warehouse financing facilities | $551.8M | $19.2M | $11.8M |
| Mortgages payable | $1.0M | $36.3M | $25.1M |
| CRE - term reinvestment financing facility | $913.8M | $0 | $0 |
| Securitizations | -$865.1M | -$345.0M | -$32.2M |
| Senior secured financing facility | $0 | -$1.4M | -$40.6M |
| CRE - term warehouse financing facilities | -$174.9M | -$31.7M | -$171.7M |
| Mortgages payable | -$60.9M | $0 | $0 |
| CRE - term reinvestment financing facility | -$182.7M | $0 | |
| Payment of debt issuance costs | -$4.0M | -$640.0K | -$4.0M |
| Distributions to non-controlling interests | -$11.9M | ||
| Proceeds received from non-controlling interests | $125.0M | $687.0K | $5.1M |
| Distributions paid on preferred stock | -$21.2M | -$20.0M | -$19.4M |
| Net cash procided by (used in) financing activities | $248.5M | -$352.7M | -$219.8M |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | $28.4M | -$34.3M | -$12.9M |
Former names
Recent filings
- Sep 14, 20264
- Sep 10, 2026144
- Sep 4, 2026424B5
- Sep 4, 2026424B5
- Sep 4, 20268-K
- Aug 24, 20268-K/A
- Aug 12, 20268-K
- Aug 11, 2026FWP
- Aug 11, 2026424B5
- Aug 7, 20263
- Aug 7, 20263
- Aug 7, 20263
- Aug 7, 20264
- Aug 7, 20264
- Aug 7, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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