ACRES Commercial Realty(ACR) - 2024 Q2 - Earnings Call Presentation

Financial Performance - GAAP net income per share-diluted was $0.21[8, 9] - EAD for 2Q24 was $0.51[8, 9] - Book Value per Share at June 30, 2024 was $27.20[8, 9], down from $27.25 in 1Q24 and up from $24.50 in 2Q23[9] Loan Portfolio - The CRE loan portfolio at par value is $1.7 billion, comprising 64 loans with a weighted average LTV of 77%[9] - 94% of the par value of the CRE loan portfolio is current on payments[8, 9] - 79% of the CRE loan portfolio is multifamily-focused[8] - Net CRE Loan Repayments for 2Q24 were $61.9 million[8, 9] - $161.1 million of net investments in real estate and properties held for sale[9, 24] Capitalization and Liquidity - Total liquidity at June 30, 2024 was $98.4 million[8, 9] - Asset-specific borrowings were 79% composed of non-recourse, non-mark-to-market CLO financings[9] - Corporate WACC is 7.46%[28]