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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 | 5.1% | -8.0% | -27.2% |
| 2024 | $100M | - | $29M | $19M | 6.7% | 8.4% | 30.7% |
| 2023 | $92M | - | $22M | $46M | 5.1% | 19.3% | 110.8% |
| 2022 | $77M | - | $11M | $32M | 2.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 77.04 | 91.88 | 99.63 | 91.62 |
| Operating Revenue | - | 77.04 | 91.88 | 99.63 | 91.62 |
| Selling General And Administration | - | 14.14 | 13.09 | 7.06 | 6.18 |
| Interest Income | - | 126.27 | 187.47 | 157.26 | 119.15 |
| Interest Expense | - | 82.32 | 130.79 | 116.09 | 85.94 |
| Net Interest Income | - | 43.95 | 56.68 | 41.17 | 33.21 |
| Other Non Operating Income Expenses | - | 1.59 | 0.53 | 1.99 | 1.52 |
| Pretax Income | - | 10.76 | 21.94 | 28.82 | 27.89 |
| Tax Provision | - | 0.34 | 0.10 | 0.13 | -0.08 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.04 | 0 | 0.07 | 2.45 |
| Net Income Continuous Operations | - | 10.43 | 21.85 | 28.70 | 27.98 |
| Net Income From Continuing And Discontinued Operation | - | 10.62 | 22.39 | 29.27 | 21.32 |
| Net Income From Continuing Operation Net Minority Interest | - | 10.62 | 22.39 | 29.27 | 21.32 |
| Net Income | - | 10.62 | 22.39 | 29.27 | 21.32 |
| Net Income Common Stockholders | - | -8.80 | 2.97 | 9.12 | 0.24 |
| Net Income Including Noncontrolling Interests | - | 10.43 | 21.85 | 28.70 | 27.98 |
| Normalized Income | - | 9.26 | 21.65 | 13.19 | 12.09 |
| Diluted NI Availto Com Stockholders | - | -8.80 | 2.97 | 9.12 | 0.24 |
| Basic Average Shares | - | 8.81 | 8.42 | 7.65 | 7.13 |
| Diluted Average Shares | - | 8.81 | 8.57 | 7.92 | 7.41 |
| Reconciled Depreciation | - | 7.49 | 5.19 | 9.69 | 10.25 |
| Total Unusual Items | - | 1.41 | 0.74 | 16.14 | 11.67 |
| Total Unusual Items Excluding Goodwill | - | 1.41 | 0.74 | 16.14 | 11.67 |
| Preferred Stock Dividends | - | 19.42 | 19.42 | 20.39 | 21.08 |
| Minority Interests | - | 0.20 | 0.54 | 0.57 | -6.66 |
| Net Income Discontinuous Operations | 0 | - | - | - | - |
| Special Income Charges | -9.01 | -0.46 | 0 | 0 | - |
| Gain On Sale Of Security | 0.88 | 0 | 0 | - | - |
| Depreciation Amortization Depletion Income Statement | - | 0.08 | 0.09 | 0.06 | 0.08 |
| Depreciation And Amortization In Income Statement | - | 0.08 | 0.09 | 0.06 | 0.08 |
| General And Administrative Expense | - | 14.14 | 13.09 | 7.06 | 6.18 |
| Other Gand A | - | 10.58 | 10.51 | 0.91 | 0.85 |
| Salaries And Wages | - | 3.56 | 2.58 | 5.16 | 4.34 |
| Insurance And Claims | - | 1.38 | 1.17 | 0.99 | 0.98 |
| Rent Expense Supplemental | 0.12 | - | - | - | - |
| Rent And Landing Fees | 0.12 | - | - | - | - |
| Otherunder Preferred Stock Dividend | - | - | - | -0.24 | - |
| 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 | $137M | 6.41↓ discount | 0.32 | 5.1% | - |
| Modiv Industrial, Inc. | MDV | $189M | 176.51 | 1.16 | 0.7% | 13.29 |
| Braemar Hotels & Resorts Inc. | BHR | $183M | -8.22 | 1.32 | -16.1% | 7.16 |
| NLOP | NLOP | $177M | -1.22 | 0.60 | -49.4% | -0.85 |
| Strawberry Fields REIT, Inc. | STRW |
| - |
| - |
| - |
| - |
| - |
| - |
| $171M |
| 22.53 |
| 14.10 |
| 62.6% |
| 7.15 |
| Douglas Elliman Inc. | DOUG | $165M | 10.81 | 0.89 | 8.3% | 4.85 |
| Clipper Realty Inc. | CLPR | $139M | -6.98 | -4.52 | 64.8% | 43.27 |
| Sunrise Realty Trust, Inc. | SUNS | $117M | 9.81 | 3.74 | 6.5% | 19.13 |
| RPT | RPT | $111M | 75.35 | 0.46 | 0.6% | - |
| Peer Median | - | 10.31 | 1.03 | 3.6% | 7.16 | |