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].

Group 1 - ACRES Commercial Realty Corp. (NYSE: ACR) has achieved a remarkable 100% return over the last year despite not paying a dividend to common shareholders [1] - The equity market is highlighted as a powerful mechanism for wealth creation or destruction over the long term [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

FOURTH QUARTER 2024 EARNINGS PRESENTATION March 5, 2025 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 known to ACR o ...

Financial Data and Key Metrics Changes - GAAP net income allocable to common shares for Q4 2024 was $4.1 million or $0.52 per share diluted [19] - Earnings available for distribution (EAD) for Q4 2024 was $0.48 per share, compared to $0.24 per share for Q3 2024 [22] - Operating GAAP book value per share increased to $28.87 on December 31, 2024, from $27.92 on September 30, 2024 [22] Business Line Data and Key Metrics Changes - Loan payoffs during the period were $107.5 million, with a net reduction of the loan portfolio of $81.8 million [11] - The weighted average spread of floating rate loans in the $1.5 billion commercial real estate loan portfolio is 3.73% over one-month term SOFR rates [12] - The total balance for credit losses at December 31 was $32.8 million, representing 2.2% of the $1.5 billion loan portfolio [22] Market Data and Key Metrics Changes - The company ended the quarter with $1.5 billion of commercial real estate loans across fifty-three individual investments [12] - The weighted average risk rating increased to 2.9% at December 31, 2024, from 2.7% at September 30, 2024 [13] Company Strategy and Development Direction - The company is focused on developing a pipeline of high-quality investments and actively managing the portfolio to grow earnings and book value [11] - The strategy includes monetizing equity investments and redeploying capital into the loan book through active origination [28] - The company aims to drive mid-teens return on equity (ROE) and maintain a leverage profile of three and a half to four turns [29] Management's Comments on Operating Environment and Future Outlook - Management expects to see an increase in loan payoffs as properties stabilize and refinancing options become available [40] - The company anticipates that the portfolio will grow to between $1.8 billion and $2 billion by the end of the year [41] - Future gains from real estate operations are expected to be recycled back into the loan book [53] Other Important Information - The company purchased $2.3 million from its previous repurchase plan and approved an additional $5 million for buybacks [23] - Available liquidity at December 31 was $76.9 million, comprising $56.7 million of unrestricted cash [25] Q&A Session Summary Question: Expectations for additional payoffs from two-rated loans - Management expects more payoffs on higher-rated loans, with several already occurring in Q1 [40] Question: Opportunities in the market - The company is seeing increased activity in multifamily refinancings and other asset classes like hospitality and self-storage [44] Question: Gains from remaining real estate operations - Management is cautious about predicting specific gains but believes future sales will lead to capital being recycled back into the loan book [53] Question: Increase in real estate expenses - The increase is attributed to one-time cleanup items and is not expected to recur in 2025 [59]

分组1 - ACRES Commercial reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, but down from $0.55 per share a year ago, representing an earnings surprise of 118.18% [1] - The company posted revenues of $8.6 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 15.73%, and down from $13.36 million year-over-year [2] - Over the last four quarters, ACRES Commercial has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] 分组2 - The stock has increased approximately 26.9% since the beginning of the year, while the S&P 500 has declined by 1.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $10.3 million, and for the current fiscal year, it is $1.80 on revenues of $44.5 million [7] - The Zacks Industry Rank for REIT and Equity Trust is currently in the bottom 24% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Financial Performance - ACRES Commercial Realty Corp. reported its operating results for the quarter and year ended December 31, 2024, on March 5, 2025[7]. - The company issued a press release and detailed presentation regarding its financial performance, which is available on its website[7]. - Specific financial metrics and user data were not provided in the extracted content, indicating a need for further details from the press release or earnings presentation[7]. Business Developments - The report does not mention any new product or technology developments, market expansions, or mergers and acquisitions[7]. Future Outlook - Future outlook and performance guidance were not detailed in the provided content, suggesting a review of the full earnings presentation is necessary for insights[7].

Core Viewpoint - ACRES Commercial Realty Corp. reported a GAAP net income of $4.1 million or $0.52 per diluted share for the quarter ended December 31, 2024, indicating a proactive management approach to enhance shareholder value and a focus on growing its loan portfolio in high-growth markets [1][2]. Financial Performance - For the quarter ended December 31, 2024, the company achieved a GAAP net income of $4.1 million, translating to $0.52 per diluted share [1]. - The company experienced a healthy amount of loan payoffs and renewed transactional activity in the real estate markets during 2024 [2]. Strategic Outlook - The company intends to grow its loan portfolio by investing with experienced sponsors in high-growth markets across the nation as it moves into 2025 [2]. - ACRES Commercial Realty Corp. is focused on originating, holding, and managing commercial real estate mortgage loans and equity investments through direct ownership and joint ventures [5]. Conference Call Information - A live conference call to discuss the fourth quarter 2024 operating results is scheduled for March 6, 2025, at 10:00 a.m. Eastern Time [3]. - For those unable to attend the live call, a replay will be available until March 20, 2025 [4].

Core Viewpoint - ACRES Commercial Realty Corp. will release its fourth quarter 2024 results on March 5, 2025, and will host a conference call on March 6, 2025, at 10:00 a.m. Eastern Time to discuss the results [1][2]. Company Overview - ACRES Commercial Realty Corp. is a real estate investment trust focused on originating, holding, and managing commercial real estate mortgage loans and equity investments [3]. - The company is externally managed by ACRES Capital, LLC, which specializes in nationwide middle market commercial real estate lending, particularly in multifamily, student housing, hospitality, industrial, and office properties in top U.S. markets [3].

Group 1 - The Company announced the authorization of an additional $5 million for its existing share repurchase program for both common and preferred stock [1] - The share repurchase will be conducted through various methods including open market purchases and privately-negotiated transactions, in compliance with federal securities laws [1] - The timing and amount of shares repurchased will be determined by the Company's management based on market conditions and other factors [2] Group 2 - ACRES Commercial Realty Corp. is a real estate investment trust focused on originating, holding, and managing commercial real estate mortgage loans and equity investments [3] - 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 [3]