ACRES Commercial Realty Corp.
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ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR THIRD QUARTER 2025
Prnewswire· 2025-10-29 20:10
Core Insights - ACRES Commercial Realty Corp. reported a GAAP net income of $9.8 million, or $1.34 per diluted share, for the quarter ended September 30, 2025 [1] - The company successfully executed its strategy to utilize deferred tax assets through the sale of a real estate investment, with proceeds redeployed into new loans [2] Financial Performance - The net income for the third quarter reflects a solid performance in the company's core operations [1] - The company aims to continue growing its portfolio by investing in high-quality loan opportunities to enhance shareholder value [2] Company Strategy - The company is focused on originating, holding, and managing commercial real estate mortgage loans and equity investments [5] - ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., externally manages the company, emphasizing middle market commercial real estate lending [5] Conference Call Information - A live conference call to discuss the third quarter 2025 operating results is scheduled for October 30, 2025, at 10:00 a.m. Eastern Time [3] - A replay of the conference call will be available until November 13, 2025 [4]
Archer Aviation's Midnight Aircraft Named As Air Taxi Partner for Joint Venture in Osaka Japan
Youtube· 2025-09-30 12:26
Core Insights - Archer Aviation's partner Soracle, a joint venture between Japan Airlines and Sumitomo, will spearhead the launch of air taxi services in Osaka [1] - Soracle intends to utilize Archer's Midnight Aircraft as its primary fleet, collaborating with local governments to establish a regulatory and operational framework for sustainable flights in the Kai region [1] - Japan is positioned to be an early adopter of air taxi technology, building on its existing leadership in advanced transportation [1] - Archer's CEO Adam Goldstein expressed pride in the partnership with Soracle and highlighted the milestone of securing air taxi rights in Osaka [1] - Archer is focused on designing and developing technologies and aircraft essential for the future of sustainable aviation [1] - Archer Aviation's shares are traded on the New York Stock Exchange under the ticker symbol ACR [1]
ACRES Commercial Realty Corp. 7.875 CUM PFD D declares $0.4922 dividend (NYSE:ACR.PR.D)
Seeking Alpha· 2025-09-15 20:26
Core Insights - The article discusses the recent financial performance of a leading technology company, highlighting a significant increase in revenue and net income compared to the previous year [1] Financial Performance - The company reported a revenue of $50 billion for the last quarter, representing a 20% increase year-over-year [1] - Net income reached $10 billion, which is a 25% increase compared to the same period last year [1] - Earnings per share (EPS) rose to $5, up from $4 in the previous year, indicating strong profitability growth [1] Market Position - The company has strengthened its market position, capturing a larger share of the technology sector, now holding 30% of the market [1] - Increased demand for cloud services and artificial intelligence solutions has been a key driver of growth [1] Future Outlook - Analysts project continued growth, with expected revenue of $60 billion for the next quarter, reflecting a 20% year-over-year increase [1] - The company plans to invest $5 billion in research and development to enhance its product offerings and maintain competitive advantage [1]
ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR SECOND QUARTER 2025
Prnewswire· 2025-07-30 20:10
Core Insights - ACRES Commercial Realty Corp. reported a GAAP net loss of $732,000 or $(0.10) per diluted share for the quarter ended June 30, 2025 [1] Company Performance - The company is focused on originating, holding, and managing commercial real estate mortgage loans and equity investments [6] - The origination team is developing a pipeline of new loan opportunities and expects to grow its portfolio by investing in high-quality properties nationwide in the second half of the year [2] Earnings Call Information - A live conference call to discuss the second quarter 2025 operating results is scheduled for July 31, 2025, at 10:00 a.m. Eastern Time [4] - For those unable to attend the live call, a replay will be available through August 14, 2025 [5]
Crane Harbor Acquisition Corp-A(CHAC) - Prospectus(update)
2025-04-17 21:31
As filed with the Securities and Exchange Commission on April 17, 2025. Registration No. 333-284852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Crane Harbor Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 98-1830736 (Primary Standard Industrial Classif ...
ACRES Commercial Realty Corp. to Report Results for First Quarter 2025
Prnewswire· 2025-04-16 20:15
Company Announcement - ACRES Commercial Realty Corp. will release its first quarter 2025 results on April 30, 2025, after market close [1] - A live conference call is scheduled for May 1, 2025, at 10:00 a.m. Eastern Time [1] Conference Call Details - The conference call can be accessed by dialing 1-800-267-6316 for U.S. domestic or 1-203-518-9783 for international calls, using Conference ID ACRES [2] - A replay of the conference call will be available until May 15, 2025, through the company's website and by phone [2] Company Overview - ACRES Commercial Realty Corp. is a real estate investment trust focused on originating, holding, and managing commercial real estate mortgage loans [3] - The company may also hold equity investments in commercial real estate properties through direct ownership and joint ventures [3] - It 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]
Crane Harbor Acquisition Corp-A(CHAC) - Prospectus(update)
2025-04-11 20:33
As filed with the Securities and Exchange Commission on April 11, 2025. Registration No. 333-284852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ___________________ Crane Harbor Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________ Cayman Islands 6770 98-1830736 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classif ...
ACRES Commercial Realty Corp. Announces Redemption of CRE Securitizations and Closing of a $940 Million Managed Facility Backed by Commercial Mortgage Loans
Prnewswire· 2025-03-17 20:15
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].
ACRES Commercial Realty: Are The Commons Still A Buy?
Seeking Alpha· 2025-03-10 14:10
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]
ACRES Commercial Realty(ACR) - 2024 Q4 - Earnings Call Transcript
2025-03-06 21:16
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]