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Acres Commercial Realty Corp

Acres Commercial Realty Corp

ACR · NYSE · Real Estate / REIT - Mortgage

8.85USD-0.85 (-8.76%)

Price History

Full chart

Market Stats

Previous Close9.70
Open9.35
Day Range8.80 – 9.87
52-Week Range10.21 – 24.61
Volume68.60K
Market Cap164.25M
P/E (TTM)0.00
Forward P/E10.64
EPS-1.11
Dividend Yield0.00%
Beta1.06
50-Day Avg14.89
200-Day Avg18.48

About

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. The company invests in commercial real estate credit investments, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and CRE whole loans, and equity investments. It qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Exantas Capital Corp. and changed its name to ACRES Commercial Realty Corp. in February 2021. ACRES Commercial Realty Corp. was incorporated in 2005 and is based in Uniondale, New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Mark Steven Fogel
  • Employees0
  • Headquarters390 RXR Plaza, Uniondale, NY, United States, 11556, USA
  • Websitehttps://www.acresreit.com

Leadership

  • Mr. Andrew Dodd FentressChairman of the Board & MD of Capital Markets · b. 1970
  • Mr. Mark Steven FogelPresident, CEO & Director · b. 1969
  • Mr. Eldron C. BlackwellCFO & Senior VP · b. 1979
  • Ms. Linda M. KilpatrickVP, Chief Accounting Officer & Controller · b. 1973
  • Ms. Jaclyn Alyce JesbergerChief Legal Officer, Senior VP & Secretary · b. 1978
  • Mr. Kyle K. BrengelChief Operating Officer · b. 1991
  • Mr. Steven LandgraberSenior Vice President of Corporate Finance & Investor Relations Officer
  • Mr. Paul Andrew Hughson J.D.Executive VP of Commercial Real Estate Lending Business Division · b. 1962
  • Mr. George E. CarltonHead of CMBS Investing
  • Mr. Michael Anthony PierroSenior Vice President · b. 1972

Financials

Income Statement

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue18.64M-8.15M54.79M53.20M-29.77M60.39M94.16M107.72M91.59M112.30M123.92M62.68M45.96M36.62M56.47M-80.86M106.43M62.88M91.13M83.49M165.90M
Growth (%)--143.72%+772.55%-2.91%-155.95%+302.86%+55.93%+14.39%-14.97%+22.61%+10.34%-49.42%-26.67%-20.34%+54.23%-243.19%+231.63%-40.93%+44.94%-8.39%+98.71%
Cost of Revenue7.73M1.88M2.91M2.91M77.44M70.21M43.20M4.70M14.06M5.44M57.00K9.00K13.26M11.33M9.00M6.10M6.18M33.85M38.91M46.90M6.57M
Gross Profit18.64M24.87M51.88M50.29M52.71M85.33M95.98M103.02M77.53M106.86M123.86M108.44M32.71M25.29M56.47M-86.96M100.25M29.02M52.22M36.59M159.34M
Gross Margin100.00%-305.25%94.69%94.53%-177.06%141.31%101.93%95.64%84.65%95.15%99.95%173.01%71.16%69.06%100.00%107.55%94.19%46.16%57.30%43.83%96.04%
Operating Expense7.73M9.26M42.65M53.60M16.60M68.12M27.83M57.77M55.55M59.95M70.00M122.78M22.47M-6.96M20.51M56.35M-1.58M-59.33M31.55M24.99M56.95M
Operating Income10.91M15.61M9.23M-3.31M36.11M17.21M68.15M45.25M21.98M46.92M53.86M-14.33M10.24M32.24M35.97M-143.32M101.83M88.36M20.67M11.60M102.39M
Operating Margin58.53%-191.56%16.84%-6.23%-121.29%28.50%72.37%42.01%24.00%41.78%43.47%-22.87%22.27%88.07%63.69%177.24%95.68%140.52%22.68%13.89%61.71%
EBITDA13.72M19.34M134.88M79.69M-22.03M60.79M69.47M68.62M-10.51M107.21M73.22M13.73M89.82M93.21M38.21M-143.27M101.92M88.44M149.96M126.15M113.91M
EBITDA Margin73.63%-237.39%246.16%149.79%74.01%100.67%73.78%63.71%-11.47%95.47%59.08%21.90%195.41%254.56%67.66%177.18%95.76%140.66%164.56%151.10%68.66%
Net Income10.91M15.61M8.89M-3.07M6.34M19.45M37.72M64.44M46.45M61.20M10.55M-30.36M33.54M27.43M35.97M-197.71M33.92M10.62M22.39M29.27M21.32M
Net Income Margin58.53%-191.56%16.22%-5.78%-21.29%32.20%40.05%59.83%50.72%54.50%8.52%-48.44%72.96%74.91%63.69%244.51%31.87%16.90%24.57%35.06%12.85%
R&D-----------00.460.220.252.450.320.070.1--
R&D as % of Total Revenue-----------0.00%0.00%0.00%0.00%-0.00%0.00%0.00%0.00%--
Interest Expense43.06M101.85M121.56M79.62M45.43M36.47M32.19M42.79M61.01M45.47M65.65M53.75M57.66M67.62M83.84M58.01M61.58M82.32M130.79M116.09M85.94M
Interest Expense % of Total Revenue231.07%-1250.17%221.86%149.66%-152.60%60.39%34.18%39.73%66.61%40.49%52.98%85.75%125.44%184.67%148.46%-71.74%57.85%130.93%143.52%139.05%51.80%

Balance Sheet

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.05B1.80B2.07B1.94B1.80B1.93B2.30B2.48B2.15B2.73B2.76B2.05B1.91B2.13B2.45B1.65B2.28B2.38B2.20B1.88B2.16B
Total Liabilities1.85B1.49B1.80B1.75B1.57B1.59B1.87B1.86B1.38B1.78B1.93B1.35B1.24B1.58B1.90B1.32B1.84B1.94B1.75B1.43B1.61B
Total Equity195.33M317.55M271.61M186.31M228.83M348.33M429.69M613.35M773.92M935.52M818.86M704.30M671.48M553.82M556.40M334.38M448.19M441.31M435.80M439.13M420.80M
Cash17.73M5.35M6.03M14.58M51.99M29.49M43.12M85.28M262.27M79.91M78.76M116.03M181.49M82.82M79.96M29.36M35.50M66.23M83.45M56.71M85.96M
Total Debt1.83B1.35B1.76B1.70B1.54B1.54B1.81B1.79B1.32B1.72B1.90B1.19B1.16B1.55B1.88B1.35B1.89B2.20B1.72B1.41B1.59B
Net Debt1.82B1.34B1.75B1.69B1.48B1.51B1.77B1.70B1.06B1.64B1.82B1.08B982.00M1.47B1.80B1.28B1.78B1.84B1.64B1.35B1.50B

Cash Flow

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-14.22M12.87M23.38M50.95M46.62M20.53M33.04M41.00M68.42M-69.59M70.00M41.81M220.80M48.21M43.33M31.81M40.59M32.70M45.61M19.39M4.10M
Investing Cash Flow-2.01B246.89M-665.02M65.71M17.79M-47.42M-438.21M101.62M479.05M-389.13M-59.51M242.92M44.33M-347.23M-313.07M244.89M-390.50M-232.55M161.31M299.07M-224.23M
Financing Cash Flow2.04B-272.13M642.32M-108.10M-27.00M4.38M418.80M-100.46M-370.48M276.36M-11.64M-247.46M-199.67M190.13M268.69M-303.40M566.10M20.74M-219.85M-352.74M248.48M
Capital Expenditure5.00K6.00K000021.21M92.20M506.00K934.00K14.00K28.00K74.25M5.00K5.00K5.00K61.00K741.00K38.19M8.00K165.00K
Free Cash Flow-14.23M12.87M23.38M50.95M46.62M20.53M11.82M133.19M67.92M-70.53M69.98M41.78M295.05M48.21M43.33M31.80M40.53M31.96M45.61M19.38M3.94M
Dividends Paid7.84M24.53M37.97M41.17M18.00K45.68M83.56M74.66M99.87M119.23M114.49M76.57M30.31M26.32M37.40M19.12M14.35M19.42M19.42M20.04M21.23M
FCF to OCF100.04%99.95%100.00%100.00%100.00%100.00%35.79%324.88%99.26%101.34%99.98%99.93%133.63%100.00%100.00%99.98%99.85%97.73%100.00%99.96%95.98%
Dividend Paid to FCF-55.11%190.67%162.40%80.80%0.04%222.46%706.73%56.06%147.05%-169.06%163.60%183.24%10.27%54.61%86.31%60.11%35.40%60.78%42.58%103.43%539.17%

Earnings

Report DateMar 29, 2006May 8, 2006Aug 3, 2006Nov 6, 2006Mar 7, 2007May 7, 2007Aug 7, 2007Nov 8, 2007Mar 13, 2008May 6, 2008Aug 4, 2008Nov 5, 2008Mar 3, 2009May 5, 2009Aug 3, 2009Nov 2, 2009Mar 2, 2010May 3, 2010Aug 2, 2010Nov 2, 2010Mar 8, 2011May 2, 2011Aug 1, 2011Nov 2, 2011Mar 7, 2012May 1, 2012Jul 31, 2012Oct 30, 2012Mar 4, 2013May 7, 2013Aug 6, 2013Nov 5, 2013Feb 25, 2014May 6, 2014Aug 5, 2014Nov 3, 2014Feb 25, 2015May 5, 2015Aug 4, 2015Nov 3, 2015Feb 29, 2016May 2, 2016Aug 1, 2016Nov 13, 2016Mar 13, 2017May 9, 2017Aug 2, 2017Nov 1, 2017Mar 7, 2018May 3, 2018Aug 1, 2018Oct 30, 2018Mar 5, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Mar 3, 2020May 7, 2020Aug 5, 2020Nov 4, 2020Mar 4, 2021May 7, 2021Aug 4, 2021Nov 4, 2021Mar 3, 2022May 5, 2022Aug 4, 2022Nov 7, 2022Mar 2, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 28, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 26, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Mar 4, 2026Apr 30, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate3.604.204.324.084.204.665.144.944.975.045.164.484.683.843.963.843.483.243.243.002.882.582.702.762.763.002.282.342.282.482.301.910.961.481.851.381.121.501.201.231.001.111.140.87-1.38-0.28-0.20-0.22-0.21-0.730.320.610.700.690.740.890.860.900.270.270.240.100.280.330.140.310.190.340.460.460.440.460.480.460.460.090.380.450.180.010.140.040.030.07
EPS Actual3.843.724.083.964.324.565.165.525.525.044.445.285.283.002.521.684.082.883.602.403.961.683.002.160.841.781.561.361.680.990.612.16-0.121.451.420.840.600.93-2.820.650.090.93-0.15-2.58-0.39-0.33-0.30-1.08-0.06-0.840.600.720.720.750.840.930.690.690.720.510.28-0.010.10-0.360.22-0.250.450.400.600.520.600.730.550.160.510.360.48-0.860.041.01-0.480.02-2.26-
Surprise6.67%-11.43%-5.56%-2.94%2.86%-2.15%0.39%11.74%11.07%0.00%-13.95%17.86%12.82%-21.88%-36.36%-56.25%17.24%-11.11%11.11%-20.00%37.50%-34.88%11.11%-21.74%-69.57%-40.67%-31.58%-41.88%-26.32%-60.08%-73.48%13.09%-112.50%-2.03%-23.24%-39.13%-46.43%-38.00%-335.00%-47.15%-91.00%-16.22%-113.16%-396.55%71.74%-17.86%-50.00%-390.91%71.43%-15.07%87.50%18.03%2.86%8.70%13.51%4.49%-19.77%-23.33%166.67%88.89%16.67%-110.00%-64.29%-209.09%57.14%-180.65%136.84%17.65%30.43%13.04%36.36%58.70%14.58%-65.22%10.87%300.00%26.32%-291.11%-77.78%10000.00%-442.86%-55.56%-7633.33%-
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Key Statistics & Ratios

Market Cap164.25M
Enterprise Value2.00B
Trailing P/E0.00
Forward P/E10.64
Price / Sales1.95
Price / Book0.47
EPS-1.11
Book Value58.41
Revenue (TTM)84.41M
Gross Profit (TTM)39.54M
Profit Margin16.56%
Operating Margin-2.19%
Return on Equity5.46%
Return on Assets1.27%
Shares Outstanding15.67M
Shares Float1.10M
Beta1.06
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 2 analystsTarget 23.00
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
23.31%
Insiders
37.89%
Retail / Other
38.80%

Top Institutional Holders

  • Eagle Point Credit Management LLC
    1.18M7.51%
  • BlackRock Inc
    450.73K2.88%
  • Vanguard Capital Management, LLC
    304.98K1.95%
  • Nokomis Capital LLC
    187.28K1.20%
  • Acadian Asset Management LLC
    144.41K0.92%
  • Geode Capital Management, LLC
    144.10K0.92%
  • Mink Brook Asset Management LLC
    101.62K0.65%
  • State Street Corp
    90.11K0.57%
  • Punch & Associates Inv Mgmt Inc
    72.27K0.46%
  • Northern Trust Corp
    63.96K0.41%
  • O'Shaughnessy Asset Management LLC
    54.95K0.35%
  • Janney Montgomery Scott LLC
    46.28K0.30%
  • Vanguard Fiduciary Trust Co
    36.41K0.23%
  • Vanguard Portfolio Management, LLC
    35.22K0.22%
  • The Goldman Sachs Group Inc
    34.01K0.22%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    181.10K1.16%
  • iShares Russell 2000 ETF
    137.63K0.88%
  • Fidelity Small Cap Index
    62.99K0.40%
  • iShares Russell 2000 Value ETF
    48.73K0.31%
  • Nationwide Bailard Sm Cp Val M
    34.19K0.22%

Dividends

20201×
0.28Mar 30, 2020
20194×
0.82Dec 30, 20190.75Sep 27, 20190.68Jun 27, 20190.60Mar 28, 2019
20184×
0.53Dec 28, 20180.45Sep 27, 20180.30Jun 28, 20180.15Mar 28, 2018
20174×
0.15Dec 28, 20170.15Sep 28, 20170.15Jun 28, 20170.15Mar 29, 2017
20164×
0.15Dec 28, 20161.26Sep 28, 20161.26Jun 28, 20161.26Mar 29, 2016
20154×
1.26Dec 29, 20151.92Sep 28, 20151.92Jun 26, 20151.92Mar 27, 2015
20143×
2.40Dec 29, 20142.40Sep 26, 20142.40Jun 26, 2014

Stock Splits

  • Feb 17, 20211:3
  • Sep 1, 20151:4