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ACR

ACRES Commercial RealtyC
NYSE / Financial Services
Last Price
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2026-07-23
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Recent loaded
Latest report
2026-07-15
Investor release

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Earnings documents stored for ACR.

12 shown
Investor releaseQuarter not tagged2026-07-15

ACRES Commercial Realty Corp. to Report Results for Second Quarter 2026

PR Newswire

UNIONDALE, N.Y., July 15, 2026 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the second quarter 2026, on Wednesday, July 29, 2026, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, July 30, 2026, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-800-274-8461 (U.S. domestic) or 1-203-518-9814 (International), Conference ID ACRES or from the investor relations section of the Company's website at www.acresreit.com. For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically through August 13, 2026 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International), passcode 11161827. About ACRES Commercial Realty Corp. ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., 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 U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected]. View original content to download multimedia:https://www.prnewswire.com/news-releases/acres-commercial-realty-corp-to-report-results-for-second-quarter-2026-302826573.html

Investor releaseQuarter not tagged2026-05-27

ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock

PR Newswire

UNIONDALE, N.Y., May 27, 2026 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that its Board of Directors declared cash dividends on its Preferred Stock. The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") in the amount of $0.5993994 per share, which reflects a rate of 9.59039%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on July 30, 2026, to holders of record on July 1, 2026. The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The dividend will be payable on July 30, 2026, to holders of record on July 1, 2026. About ACRES Commercial Realty Corp. ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., 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 U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected]. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company...

Investor releaseQuarter not tagged2026-05-01

ACRES Commercial Realty Corp. Q1 2026 Earnings Call Summary

Moby

Management successfully executed its strategy to drive book value through high-quality loan originations, aggressive portfolio management, and opportunistic real estate sales. The company realized a $3.3 million gain from a real estate investment sale in Philadelphia, continuing a trend of recycling capital from property developments back into the core loan book. Portfolio leverage was intentionally increased to 3.4x following the closing of a $1 billion CRE securitization, fulfilling a stated objective to expand the loan portfolio size. The loan portfolio grew to $2.2 billion across 60 investments, with over half of the portfolio protected by SOFR floors exceeding 3% to mitigate impact from declining interest rates. Credit quality showed improvement as the weighted average risk rating decreased to 2.5, with the portion of the portfolio rated 4 or 5 dropping to 14% of economic interest. Net interest income saw a temporary decrease due to the ramp-up period of the new securitization and lower fee recognition from loan payoffs. The company is pursuing a merger and internalization to transform into a 'dirt-to-perm' middle-market financing platform with a roughly $5 billion total reach. Management expects the fully invested FL4 securitization to reach its full run-rate benefit starting in the second quarter of 2026. The pro forma company will act as a registered investment adviser, allowing asset management fees from external funds to flow directly to the public entity's earnings. Future capital raises are intended to be accretive, with management targeting share issuances only at or above book value. The strategic shift aims to deliver a sector-leading return profile through consistent dividends supported by non-balance sheet-related revenue streams. The internalization transaction is scheduled for a shareholder vote on June 22, 2026, with an expected close in July. Post-merger, ACRES employees and board members will become the largest shareholders, holding over a 40% interest in the company. CECL reserves decreased by $1 million during the quarter, primarily due to improved macroeconomic projections despite an increase in modeled credit risk. The company maintains $32.1 million in net operating loss carryforwards, representing approximately $4.89 per share in potential tax assets. Our analysts just identified a stock with the potential to be the next Nvidia. T...

Investor releaseQuarter not tagged2026-05-01

ACRES Commercial Realty Q1 Earnings Call Highlights

MarketBeat

ACRES completed the $1 billion ACRES 2026-FL4 securitization (86.5% leverage at SOFR+1.68%), which helped increase GAAP leverage from 2.8x to 3.4x and coincided with a net loan‑portfolio increase of $374.4 million to $2.2 billion (weighted spread ~3.29%). Management is pursuing an internalization transaction to be voted on at the annual meeting on June 22 with expected close in July, which would make the firm the public RIA for an existing asset‑management business and add non‑balance‑sheet fee revenue that management says could support higher dividends without raising balance‑sheet leverage. Q1 results included a GAAP net loss of $1.0 million (‑$0.16/share) but earnings available for distribution of $0.02 per share, GAAP book value of $29.98, available liquidity of $87 million, and an allowance for credit losses of $19.4 million (0.88% of loans). Interested in ACRES Commercial Realty Corp.? Here are five stocks we like better. ACRES Commercial Realty (NYSE:ACR) executives used the company’s first-quarter 2026 earnings call to highlight growth in its commercial real estate loan portfolio, the closing of a new $1 billion securitization, and a pending internalization transaction that management said could add non-balance-sheet earnings streams to support future dividends. President and CEO Mark Fogel said the company continued executing a strategy it has pursued since acquiring the ACR management contract in 2020, which he described as focusing on originating “high-quality loans,” aggressively managing the portfolio, repurchasing stock, and using tax assets. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Fogel said the company completed a new securitization during the quarter: ACRES 2026-FL4, a $1 billion CRE securitization with 86.5% leverage at SOFR plus 1.68% and a 30-month reinvestment period. He said the company completed ramp-up investments during the first quarter and expects to “see the full run rate benefit of the transaction in the second quarter.” Fogel also said the securitization contributed to a higher leverage profile in line with prior objectives. The company’s GAAP leverage increased from 2.8x at December 31 to 3.4x at March 31, which he said was a stated objective “to increase portfolio leverage and the size of the CRE loan portfolio.” → Is Oracle Undervalued as Cloud Growth Accelerates? On origination activity, Fogel said the com...

Investor releaseQuarter not tagged2026-04-30

ACRES Commercial (ACR) Q1 Earnings Meet Estimates

Zacks

ACRES Commercial (ACR) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate . This compares to a loss of $0.86 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this commercial real estate investment trust would post a loss of $0.01 per share when it actually produced a loss of $0.48, delivering a surprise of -4700%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. ACRES Commercial, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $9.25 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 19.6%. This compares to year-ago revenues of $5.6 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ACRES Commercial shares have lost about 3.2% since the beginning of the year versus the S&P 500's gain of 4.2%. While ACRES Commercial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ACRES Commercial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesti...

Investor releaseQuarter not tagged2026-04-30

ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR FIRST QUARTER 2026

PR Newswire

UNIONDALE, N.Y., April 30, 2026 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR" or the "Company"), a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures, today reported results for the quarter ended March 31, 2026. ACR's GAAP net loss allocable to common shares was $1.0 million or $(0.16) per share-diluted, for the quarter ended March 31, 2026. "The ACRES origination team added $496 million of high-quality loans to our portfolio during the first quarter. The combination of those new loans along with $571 million of loans originated during the fourth quarter of 2025, led to the closing of a $1 billion CRE CLO in February. We also sold one of our real estate investments this quarter, which resulted in a $3.3 million gain," said Mark Fogel, President and Chief Executive Office of ACRES Commercial Realty Corp. "The ACRES team continues to grow the portfolio by providing loans to first-rate sponsors in strong markets nationwide. At the same time, we remain dedicated to actively managing the portfolio to maximize value to our shareholders." ACR issued a full, detailed presentation of its results for the quarter ended March 31, 2026 that can be viewed at www.acresreit.com. Earnings Call Details ACR will host a live conference call on April 30, 2026 at 10:00 a.m. Eastern Time to discuss its first quarter 2026 operating results. The conference call can be accessed by dialing 1-800-445-7795 (U.S. domestic) or 1-785-424-1699 (International), Conference ID ACRES or from the investor relations section of the Company's website at www.acresreit.com. For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically through May14, 2026 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International), with the passcode 11161260. About ACRES Commercial Realty Corp. ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capit...

Investor releaseQuarter not tagged2026-04-30

ACRES Commercial: Q1 Earnings Snapshot

Associated Press

UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — ACRES Commercial Realty Corp. (ACR) on Thursday reported first-quarter net income of $4.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Uniondale, New York-based company said it had net loss of 16 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 2 cents per share. The commercial real estate investment trust posted revenue of $17.8 million in the period. Its adjusted revenue was $9.2 million. ACRES Commercial shares have fallen 3% since the beginning of the year. The stock has climbed nearly 8% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACR at https://www.zacks.com/ap/ACR

TranscriptFY2026 Q12026-04-30

FY2026 Q1 earnings call transcript

Earnings source - 25 paragraphs
Operator

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.

Kyle Brengel

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.

Mark Fogel

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.

Eldron Blackwell

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.

Andrew Fentress

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

[Operator Instructions] We'll take our first question from Matthew Erdner with JonesTrading.

Matthew Erdner

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.

Andrew Fentress

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.

Matthew Erdner

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?

Andrew Fentress

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.

Operator

We'll move on to Chris Muller with Citizens Capital Markets.

Christopher Muller

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?

Andrew Fentress

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.

Christopher Muller

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?

Andrew Fentress

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.

Christopher Muller

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?

Andrew Fentress

Not at this time.

Operator

We'll move on to Gabe Poggi with Raymond James.

Gabriel Poggi

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?

Andrew Fentress

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.

Gabriel Poggi

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.

Andrew Fentress

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.

Operator

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.

Andrew Fentress

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.

Operator

Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect.

Investor releaseQuarter not tagged2026-04-16

ACRES Commercial Realty Corp. to Report Results for First Quarter 2026

PR Newswire

UNIONDALE, N.Y., April 15, 2026 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the first quarter 2026, on Wednesday, April 29, 2026, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, April 30, 2026, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-800-445-7795 (U.S. domestic) or 1-785-424-1699 (International), Conference ID ACRES or from the investor relations section of the Company's website at www.acresreit.com. For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically through May 14, 2026 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International), passcode 11161260. About ACRES Commercial Realty Corp. ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., 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 U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected]. View original content to download multimedia:https://www.prnewswire.com/news-releases/acres-commercial-realty-corp-to-report-results-for-first-quarter-2026-302743665.html

Investor releaseQuarter not tagged2026-03-20

ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock

PR Newswire

UNIONDALE, N.Y., March 19, 2026 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that its Board of Directors declared cash dividends on its Preferred Stock. The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") in the amount of $0.599615 per share, which reflects a rate of 9.59384%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on April 30, 2026, to holders of record on April 1, 2026. The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The dividend will be payable on April 30, 2026, to holders of record on April 1, 2026. About ACRES Commercial Realty Corp. ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., 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 U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected]. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Co...

Investor releaseQuarter not tagged2026-03-06

ACRES Commercial Realty Q4 Earnings Call Highlights

MarketBeat

ACRES closed $571 million of new loan commitments in Q4, producing a $443.8 million net increase in the loan portfolio and completed a $1 billion securitization (ACRES 2026‑FL4) in February with 86.5% leverage and a weighted debt spread of 1.68%. Credit quality showed improvement — the weighted average risk rating fell to 2.7 and four/five‑rated loans declined to 17% of the portfolio — but the company charged off a legacy $4.7 million mezzanine loan (fully reserved in 2022), which swung distributable results from EAD of $0.20 per share excluding the loss to an EAD loss of $0.48 per share including it. On capital and outlook, GAAP book value rose to $30.01 per share, ACRES repurchased $10 million (493,000 shares) at about a 33% discount, had $108 million of available liquidity, and expects $500–700 million of net portfolio growth in 2026 while remaining within its stated leverage comfort level and positioned to resume dividends. Interested in ACRES Commercial Realty Corp.? Here are five stocks we like better. ACRES Commercial Realty (NYSE:ACR) highlighted strong loan growth and improving portfolio credit trends during its fourth-quarter 2025 earnings call, while also detailing the impact of a legacy mezzanine loan charge-off on distributable results. Management said the quarter’s origination activity, along with early 2026 production, enabled the company to complete a new commercial real estate securitization in January and close the transaction in February. President and CEO Mark Fogel said the company closed $571 million of new loan commitments in the fourth quarter, which was partially offset by loan payoffs and net unfunded commitments totaling $127.2 million. The activity produced a net increase of $443.8 million in the loan portfolio during the quarter. The weighted average spread on newly originated loans was 2.83%, management said. → Uber and Joby Aviation Team Up: Game Changer or Hype? Fogel attributed the quarter’s origination focus largely to multifamily lending, with average loan sizes in the $40 million to $50 million range and spreads ranging between 250 and 325 basis points. He said the mix was purposeful as the company positioned for a new CLO execution, which required a significant multifamily component. On February 12, the company closed ACRES 2026-FL4, described as a $1 billion securitization with 86.5% leverage and a weighted average debt...

Investor releaseQuarter not tagged2026-03-06

ACRES Commercial Realty Corp (ACR) Q4 2025 Earnings Call Highlights: Strategic Growth Amidst ...

GuruFocus.com

This article first appeared on GuruFocus. Net Loan Portfolio Increase: $443.8 million net increase in the loan portfolio. Weighted Average Spread on New Loans: 2.83% for newly originated loans. Commercial Real Estate Loan Portfolio: $1.8 billion across 53 investments. GAAP Net Loss: $3 million or $0.43 per share. Net Interest Income: $10.7 million, an increase of $2.3 million over the prior quarter. GAAP Book Value Per Share: $30.01 as of December 31, up from $29.63 on September 30. Available Liquidity: $108 million, including $84 million of unrestricted cash. Debt to Equity Leverage Ratio: Increased to 2.8 times from 2.7 times. Net Operating Loss Carryforward: $32.1 million or approximately $4.89 per share. Earnings Available for Distribution (EAD): $0.20 per share, excluding the mezzanine loan loss. Warning! GuruFocus has detected 1 Warning Sign with ACR. Is ACR fairly valued? Test your thesis with our free DCF calculator. Release Date: March 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ACRES Commercial Realty Corp (NYSE:ACR) closed new commitments of $571 million in the fourth quarter of 2025, resulting in a net increase to the loan portfolio of $443.8 million. The company successfully closed a $1 billion CRE securitization deal in February 2026, with a leverage of 86.5% and a weighted average debt spread of 1.68%. The weighted average risk rating of the loan portfolio improved from 3.0 to 2.7, indicating better credit quality. ACR sold an REO asset in Austin, Texas, resulting in an earnings gain of $1.3 million. The company repurchased 493,000 common shares at a 33% discount to book value, enhancing shareholder value. ACR reported a GAAP net loss applicable to common shares of $3 million or $0.43 per share for the fourth quarter. The company recorded a $4.7 million charge-off on a legacy mezzanine loan, impacting earnings. There was a decrease in current expected credit losses (CECL) reserves of only $1.3 million, compared to a $4 million decrease in the previous quarter. The GAAP debt to equity leverage ratio increased to 2.8 times, indicating higher leverage. Earnings available for distribution (EAD) for the fourth quarter was a loss of $0.48 per share, compared to earnings of $1.01 per share in the third quarter. Q: Could you provide more details on the loans completed this quarter and t...

As of 2026-07-18 • Updated weeklySource: Earnings sourceIngestion runbook