Financial Performance - Total revenues for the three months ended March 31, 2025, were $17,002 thousand, a decrease of 9.4% compared to $18,768 thousand for the same period in 2024[14]. - Net interest income fell to $5,603 thousand for Q1 2025, down 50.7% from $11,360 thousand in Q1 2024[14]. - The company reported a net loss of $730 thousand for the three months ended March 31, 2025, compared to a net income of $4,924 thousand for the same period in 2024[17]. - The net loss income per common share for Q1 2025 was $(0.80), compared to a net income per common share of $0.07 for Q1 2024[14]. - For the three months ended March 31, 2025, the company reported a net loss of $730,000 compared to a net income of $4,924,000 for the same period in 2024[25]. Asset and Liability Changes - Total assets decreased to $1,779,946 thousand as of March 31, 2025, down from $1,881,467 thousand at December 31, 2024, representing a decline of approximately 5.4%[9]. - Total liabilities decreased to $1,339,497 thousand as of March 31, 2025, down from $1,431,805 thousand at December 31, 2024, reflecting a reduction of approximately 6.4%[9]. - The company’s total stockholders' equity decreased to $430,099 thousand as of March 31, 2025, from $439,128 thousand at December 31, 2024, a decline of approximately 2.4%[9]. - The allowance for credit losses decreased to $31,130 thousand as of March 31, 2025, from $32,847 thousand at December 31, 2024, indicating an improvement in credit quality[9]. Investment and Loan Activity - Cash provided by investing activities was $117,735,000 for Q1 2025, significantly higher than $54,871,000 in Q1 2024[25]. - The company’s principal fundings of CRE loans were $26,515,000 in Q1 2025, compared to $11,406,000 in Q1 2024[25]. - The Company holds $1.36 billion in whole loans and $19.7 million in mezzanine loans as of March 31, 2025, with total loans held for investment amounting to $1.38 billion[67]. - The Company had unfunded loan commitments of $84,000,000 and $94,000,000 for CRE whole loans at March 31, 2025, and December 31, 2024, respectively, indicating a decrease of approximately 10.6%[70]. Real Estate and Property Investments - The company held investments in seven real estate properties as of March 31, 2025, with three included in investments in real estate and four in properties held for sale[100]. - Total net investments in real estate and properties held for sale amounted to $190,067,000 as of March 31, 2025, compared to $188,783,000 on December 31, 2024, reflecting an increase of 0.68%[103]. - The carrying value of investments in real estate was $77,143,000 as of March 31, 2025, up from $76,608,000 at the end of 2024, representing a growth of 0.70%[103]. Borrowings and Financing - As of March 31, 2025, total outstanding borrowings amounted to $1,271,071,000 with a weighted average borrowing rate of 6.47% and a remaining maturity of 4.7 years[10]. - The Company has a total of $1,541,287,000 in collateral value backing its borrowings as of March 31, 2025[10]. - The average interest rate for mortgages payable was 9.17% with a remaining maturity of 5.7 years as of March 31, 2025[10]. - The total amount at risk under the Company's financing arrangements was $314,573,000 as of March 31, 2025[134]. Stockholder and Shareholder Information - The Company did not pay any common share distributions for the three months ended March 31, 2025, and 2024[181]. - Total unrecognized compensation costs relating to unvested restricted stock was $2.8 million as of March 31, 2025, expected to be recognized over a weighted average period of 2.9 years[175]. - The Company anticipates distributing substantially all of its taxable income to stockholders to avoid corporate federal income taxes on retained income[179]. - The Company recognized stock-based compensation expense of $815,000 for the three months ended March 31, 2025, up from $477,000 in the same period of 2024[169].

ACRES Commercial Realty (ACR) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Kyle Brengel - Vice President of OperationsMark Fogel - President, CEO & DirectorEldron Blackwell - Senior VP, CFO & TreasurerAndrew Fentress - ChairmanMatthew Erdner - Research AssociateChris Muller - Director - Equity Research Operator As a reminder, this call is being recorded. I would now like to introduce your host for today's conference, Kyle Brinjal, Vice President, Operations. You may go ahead. Kyle Bre ...

ACRES Commercial Realty (ACR) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 As a reminder, this call is being recorded. I would now like to introduce your host for today's conference, Kyle Brinjal, Vice President, Operations. You may go ahead. Speaker1 Good morning, and thank you for joining our call. I would like to highlight that we have posted the first quarter twenty twenty five earnings presentation to our website. This presentation contains summary and detailed information about the quarterl ...

FIRST QUARTER 2025 EARNINGS PRESENTATION April 30, 2025 DISCLAIMER Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are not historical facts but rather are based on ACRES Commercial Realty Corp.'s ("ACR's" or the "Company's") current beliefs, assumptions and expectations. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are kno ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 30, 2025 ACRES Commercial Realty Corp. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation) Maryland 1-32733 20-2287134 (Commission File Number) (IRS Employer Identification No.) 390 RXR Plaza Uniondale, New York 11556 (Address of Principal ...

UNIONDALE, N.Y., April 30, 2025 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that its board of directors (the "Board") authorized and approved the continued use of its existing share repurchase program to repurchase an additional $10 million of the outstanding shares of both its common and preferred stock. Under the share repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases o ...

Boomer One: Bachelor of Science in Nuclear Engineering from University of Michigan (Summa Cum Laude) Master of Science in Environmental Engineering from Washington State University Executive MBA at Stanford University 41 year career in nuclear engineering, nuclear facility construction, US government contracting, DOE weapons complex, DOD contingency response and forward operating base design and construction. Avid investor for more than 40 years, most of that time with the Vanguard Group. ****************** ...

UNIONDALE, N.Y., April 16, 2025 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the first quarter 2025, on Wednesday, April 30, 2025, 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, May 1, 2025, at 10:00 a.m. Eastern Time.The conference call can be accessed by dialing 1-800-267-6316 (U.S. domestic) or 1-203-518-9783 (In ...

Core Viewpoint - ACRES Commercial Realty has successfully repurchased its assets in ACRES Commercial Realty 2021-FL1 and ACRES Commercial Realty 2021-FL2, eliminating the existing JP Morgan warehouse facility balance and entering into a new $940 million managed facility with JP Morgan Chase Bank to leverage commercial mortgage loan investments [1][2]. Group 1: Company Actions - The company announced the redemption of the CRE securitizations at par and the execution of a financing arrangement with JP Morgan, which diversifies its capital sources at attractive pricing [2]. - The new $940 million facility will provide term funding with underlying loans and has a two-year reinvestment period [1]. Group 2: Company Profile - ACRES Commercial Realty Corp. is a real estate investment trust focused on originating, holding, and managing commercial real estate mortgage loans, and may also hold equity investments in commercial real estate properties [2]. - The company is externally managed by ACRES Capital, LLC, which specializes in middle market commercial real estate lending across various property types in top U.S. markets [2].

Loan Portfolio - As of December 31, 2024, the company's CRE loan portfolio at par comprised $1.5 billion of CRE whole loans with a weighted average spread of 3.73% over the one-month benchmark interest rates[17]. - The company selectively originated one CRE loan with a total commitment of $47.9 million during the year ended December 31, 2024[17]. - The total CRE loan portfolio at carrying value was $1.5 billion as of December 31, 2024[46]. - The weighted average floor of the company's CRE loan portfolio is 0.97%[17]. - At December 31, 2024, 74.7% of the par value of the CRE loan portfolio had interest rate caps or funded debt service reserves in place[30]. - The company targets transitional floating-rate CRE loans between $10.0 million and $100.0 million[17]. Investment Portfolio - At December 31, 2024, the company managed $1.9 billion of assets, including $1.1 billion financed and held in variable interest entities[19]. - The total investment portfolio amounted to $1.7 billion, with CRE whole loans representing 87.41% of the portfolio[33]. - The carrying value of investments in real estate was $304.026 million, including $201.125 million in properties held for sale[49]. - At December 31, 2024, the company held three investments in real estate acquired through direct equity investments and four from lending activities[48]. Financial Performance and Risks - The company has $32.1 million of net operating loss carryforwards and $121.9 million of net capital loss carryforwards, set to expire on December 31, 2025[35]. - Current economic conditions may limit the company's ability to obtain necessary capital and financing for growth, potentially affecting profitability and stock price[78]. - The company has financed a significant portion of its portfolio through leverage, which may reduce returns on investments and cash available for distribution[82]. - A prolonged economic slowdown could impair investments and harm operations, particularly if real estate values decline[79]. - The company may incur losses on repurchase transactions if counterparties default or if the value of underlying assets declines[88]. - The current expected credit losses model may require an increase in the allowance for credit losses, adversely affecting financial condition[77]. Management and Governance - The Management Agreement's current contract term ends on July 31, 2025, with automatic one-year renewals unless terminated[58]. - The Company has no direct employees; all management and support personnel are provided by its Manager under the Management Agreement[70]. - The management fee structure may incentivize the manager to recommend strategies that increase equity, potentially at the expense of optimizing returns for stockholders[137]. - Termination of the management agreement without cause is difficult and costly, requiring a two-thirds vote from independent directors or a majority vote from common stockholders[142]. Regulatory Compliance - The Company operates to be excluded from regulation under the Investment Company Act, ensuring that at least 55% of ACRES RF's assets consist of Qualifying Interests[63]. - ACRES RF must maintain that less than 40% of the value of its total assets consists of "investment securities" to comply with the Investment Company Act[65]. - The company relies on exclusions from registration as an investment company, which could be jeopardized by changes in asset composition or regulatory requirements[158][159]. - To maintain REIT status, the company must distribute at least 90% of its REIT taxable income, and failure to do so could result in corporate income tax and a 4% nondeductible excise tax[174]. Market and Economic Conditions - Increased interest rates could lead to reduced investment values, lower earnings, and decreased ability to pay distributions, particularly affecting CRE-related loans[108]. - Inflationary pressures in the U.S. economy, driven by heightened consumer demand and supply chain imbalances, could compromise property performance and mortgage loan performance[109]. - The transition to alternative reference rates may adversely affect the value of loans and investments, impacting results of operations and cash flows[111]. Cybersecurity and Operational Risks - The company has a robust cybersecurity risk management strategy overseen by its Manager, ACRES Capital Corp[192]. - Cybersecurity risks have not materially affected the company's business strategy or financial condition[195]. - The company relies heavily on information systems, and failures or cybersecurity incidents could disrupt operations and negatively impact stock price[103]. Shareholder and Stock Information - The company has 7,456,150 shares of common stock outstanding as of March 13, 2025, held by 180 holders of record[208]. - The Series D Cumulative Redeemable Preferred Stock has a dividend rate of 7.875% and is listed on the NYSE under the symbol "ACRPrD"[212]. - Dividends on the Series D Preferred Stock have been declared and paid through January 2025, with no dividends currently in arrears[212]. - The company has not established a minimum distribution payment level and may use uninvested offering proceeds or borrowed funds for future distributions[157].