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ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. The company invests in commercial real estate credit investments, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and CRE whole loans, and equity investments. It qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Exantas Capital Corp. and changed its name to ACRES Commercial Realty Corp. in February 2021. ACRES Commercial Realty Corp. was incorporated in 2005 and is based in Uniondale, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $92M | - | $21M | $4M | 3.9% | -8.0% | -27.2% |
| 2024 | $100M | - | $29M | $19M | 6.5% | 8.4% | 30.7% |
| 2023 | $92M | - | $22M | $46M | 5.0% | 19.3% | 110.8% |
| 2022 | $77M | - | $11M | $32M | 2.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 77.04 | 91.88 | 99.63 | 91.62 |
| Pretax Income | 10.76 | 21.95 | 28.82 | 27.89 |
| Tax Provision | 0.34 | 0.10 | 0.13 | -0.08 |
| Net Income | 10.62 | 22.39 | 29.27 | 21.32 |
| Net Income Common Stockholders | -8.80 | 2.97 | 9.12 | 0.24 |
| Interest Expense | 82.32 | 130.79 | 116.09 | 85.94 |
| Interest Income | 126.27 | 187.47 | 157.26 | 119.15 |
| Selling General And Administration | 14.14 | 13.09 | 7.06 | 6.18 |
| Normalized Income | 9.26 | 21.65 | 13.19 | 12.09 |
| Basic EPS | -1 | 0.35 | 1.19 | 0.03 |
| Diluted EPS | -1 | 0.35 | 1.15 | 0.03 |
| Tax Effect Of Unusual Items | 0.04 | 0 | 0.07 | 2.45 |
| Tax Rate For Calcs | 0.03 | 0 | 0 | 0.21 |
| Total Unusual Items | 1.41 | 0.74 | 16.14 | 11.67 |
| Total Unusual Items Excluding Goodwill | 1.41 | 0.74 | 16.14 | 11.67 |
| Net Income From Continuing Operation Net Minority Interest | 10.62 | 22.39 | 29.27 | 21.32 |
| Reconciled Depreciation | 7.49 | 5.19 | 9.69 | 10.25 |
| Net Interest Income | 43.95 | 56.67 | 41.17 | 33.21 |
| Net Income From Continuing And Discontinued Operation | 10.62 | 22.39 | 29.27 | 21.32 |
| Rent Expense Supplemental | 0 | 0 | 0 | 0 |
| Diluted Average Shares | 8.81 | 8.57 | 7.92 | 7.41 |
| Basic Average Shares | 8.81 | 8.42 | 7.65 | 7.13 |
| Diluted NI Availto Com Stockholders | -8.80 | 2.97 | 9.12 | 0.24 |
| Otherunder Preferred Stock Dividend | 0 | 0 | -0.24 | 0 |
| Preferred Stock Dividends | 19.42 | 19.42 | 20.39 | 21.08 |
| Minority Interests | 0.20 | 0.54 | 0.57 | -6.66 |
| Net Income Including Noncontrolling Interests | 10.43 | 21.85 | 28.70 | 27.98 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 10.43 | 21.85 | 28.70 | 27.98 |
| Other Non Operating Income Expenses | 1.59 | 0.53 | 1.99 | 1.52 |
| Special Income Charges | -0.46 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 0.09 | 0.09 | 0.06 | 0.08 |
| Depreciation And Amortization In Income Statement | 0.09 | 0.09 | 0.06 | 0.08 |
| General And Administrative Expense | 14.14 | 13.09 | 7.06 | 6.18 |
| Other Gand A | 10.57 | 10.51 | 0.91 | 0.85 |
| Insurance And Claims | 1.38 | 1.17 | 0.99 | 0.98 |
| Rent And Landing Fees | 0 | 0 | 0 | 0 |
| Salaries And Wages | 3.56 | 2.58 | 5.16 | 4.34 |
| Operating Revenue | 77.04 | 91.88 | 99.63 | 91.62 |
| Professional Expense And Contract Services Expense | 5.46 | 5.01 | 5.57 | 5.88 |
| Other Non Interest Expense | 40.89 | 46.38 | 54.41 | 59.12 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ACRES Commercial Realty Corp.this co. | ACR | $151M | 688.67↑ premium | 0.32 | 3.9% | - |
| American Realty Investors, Inc. | ARL | $222M | 14.18 | 0.36 | - | 99.05 |
| NLOP | NLOP | $192M | - | 0.65 | -48.8% | 1.49 |
| Seven Hills Realty Trust | SEVN | $182M | 8.97 | 0.55 | 4.6% | - |
| Douglas Elliman Inc. | DOUG | $174M |
| 11.59 |
| 0.95 |
| 8.3% |
| -46.49 |
| Modiv Industrial, Inc. | MDV | $165M | - | 1.01 | 0.5% | 13.16 |
| Clipper Realty Inc. | CLPR | $144M | - | -1.79 | 24.6% | 17.96 |
| RPT | RPT | $109M | - | 0.45 | 0.5% | - |
| Sunrise Realty Trust, Inc. | SUNS | $100M | 7.98 | 0.55 | 6.7% | - |
| Peer Median | - | 10.28 | 0.55 | 4.6% | 13.16 | |