ACRES Commercial Realty Corp. ACR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

We are a Maryland corporation, incorporated in 2005, and a real estate finance company that is organized and conducts our operations to qualify as a real estate investment trust ("REIT") for federal income tax purposes under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code. On February 16, 2021, we amended our certificate of incorporation to change our name to ACRES Commercial Realty Corp. from Exantas Capital Corp. Our investment strategy is primarily focused on originating, holding and managing commercial real estate ("CRE") mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures. We are externally managed by ACRES Capital, LLC (our "Manager") a subsidiary of ACRES Capital Corp. (collectively "ACRES"), a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top United States, or U.S., markets. Our Manager draws upon the management team of ACRES and its collective investment experience to provide its services.

Last close 11.69 2026-10-23
Market cap $83.4M 2026-06-30 share count
52-week range 9.91 - 24.61

Valuation FY2025 figures against the last close

P/S1.0x
P/E389.7x
P/FCF20.3x
EV/EBITDA—
Dividend yield—
Diluted EPS0.03

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $79.9M$83.5M$91.1M$75.2M$50.1M$50.3M$61.1M$55.3M$2.0M$3.8M
SG&A $11.3M$10.7M$10.5M$10.6M$11.6M$14.3M$10.4M$10.7M$15.8M$15.2M
Total operating expenses $63.5M$71.9M$70.5M$67.4M$8.8M$54.7M$21.7M$24.0M$33.8M$77.0M
Interest expense $33.2M$41.2M$56.7M$44.0M$61.6M$58.0M$83.8M$67.6M$57.7M$53.7M
Pre-tax income $27.9M$28.8M$21.9M$10.8M$33.9M-$197.7M$36.0M$27.8M$40.0M-$19.6M
Income tax $83.0K$126.0K$97.0K$336.0K$0$0$0$343.0K$6.6M$11.0M
Net income $28.0M$28.7M$21.8M$10.4M$33.9M-$197.7M$36.0M$27.4M$33.3M-$30.6M
EPS, basic 0.031.190.35-1.001.85-19.332.450.670.18-1.73
EPS, diluted 0.031.150.35-1.001.85-19.332.430.670.18-1.73
Shares, diluted (wtd. avg.) 7.4M7.9M8.6M8.8M9.8M10.8M10.6M10.5M31.1M30.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $83.8M$56.7M$91.9M$104.8M$283.9M$67.7M$94.4M$95.5M$204.4M$119.4M
Other intangibles $6.2M$7.0M$7.9M$8.9M$3.9M$3.3M——$0$213.0K
Total assets $2.16B$1.88B$2.20B$2.38B$2.28B$1.65B$2.45B$2.13B$1.91B$2.05B
Long-term debt $1.55B$1.37B$1.69B$1.88B$1.84B$1.33B$1.89B$1.58B$1.16B$1.19B
Total liabilities $1.61B$1.43B$1.75B$1.94B$1.84B$1.32B$1.90B$1.58B$1.24B$1.35B
Total equity $420.8M$439.1M$446.2M$441.3M$448.2M$334.4M$556.4M$553.8M$671.5M$703.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.1M$19.4M$45.6M$32.7M$40.6M$31.8M$43.3M$48.2M$222.4M-$18.9M
Depreciation and amortisation $10.3M$9.7M$5.2M$7.5M$14.0M$6.5M$3.4M$2.9M$3.1M-$16.5M
Capital expenditure ————————$0$0
Investing cash flow -$224.2M$299.1M$161.3M-$232.6M-$390.5M$244.9M-$313.1M-$347.2M$62.2M$266.5M
Financing cash flow $248.5M-$352.7M-$219.8M$20.7M$566.1M-$303.4M$268.7M$190.1M-$199.7M-$247.5M
Dividends paid —————$8.8M$27.1M$11.1M$6.3M$52.4M
Buybacks $22.3M$7.9M$7.4M$9.1M$18.4M$5.4M$0$0$0$9.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-215649.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M -100M 0 100M Revenue, FY2016: 3.8M Net income, FY2016: -30.6M Revenue, FY2017: 2M Net income, FY2017: 33.3M Revenue, FY2018: 55.3M Net income, FY2018: 27.4M Revenue, FY2019: 61.1M Net income, FY2019: 36M Revenue, FY2020: 50.3M Net income, FY2020: -197.7M Revenue, FY2021: 50.1M Net income, FY2021: 33.9M Revenue, FY2022: 75.2M Net income, FY2022: 10.4M Revenue, FY2023: 91.1M Net income, FY2023: 21.8M Revenue, FY2024: 83.5M Net income, FY2024: 28.7M Revenue, FY2025: 79.9M Net income, FY2025: 28M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.8M $2.0M $55.3M $61.1M $50.3M $50.1M $75.2M $91.1M $83.5M $79.9M
Gross profit — — — — — — — — — —
Net income -$30.6M $33.3M $27.4M $36.0M -$197.7M $33.9M $10.4M $21.8M $28.7M $28.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Material agreement signed Item 1.01
  • Material agreement signed Item 1.01
  • Material agreement terminated Item 1.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6798

TickerCompanyMarket capP/ERevenue growth
WELL WELLTOWER INC. $167.53B 170.7x 40.2%
PLD Prologis, Inc. $117.89B 35.5x 7.2%
EQIX EQUINIX INC $94.23B 69.4x 5.4%
AMT AMERICAN TOWER CORP /MA/ $88.04B 35.0x 20.8%
SPG SIMON PROPERTY GROUP INC. $68.57B 14.9x 6.7%
DLR DIGITAL REALTY TRUST, INC. $60.57B 48.1x 10.0%
PSA Public Storage $54.42B 34.4x 2.7%
O REALTY INCOME CORP $53.83B 48.6x 9.1%