ACRES Commercial Realty Corp. (ACR) 10-Year Financial Performance & Capital Metrics

ACR • • REIT / Real Estate

Real EstateMortgage REITsCommercial Mortgage REITsDiversified Commercial Lenders

AboutACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income tax to the extent that it distributes 100% of its REIT taxable income. 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.Show more

Revenue $83M -8.4%
FFO $29M +30.4%
FFO/Share 3.70 +41.0%
FFO Payout 68.34% -20.9%
FFO per Share 3.70 +41.0%
NOI Margin 43.83% -23.5%
FFO Margin 35.12% +42.4%
ROE 6.53% +29.5%
ROA 1.44% +46.6%
Debt/Assets 74.71% -4.6%
Net Debt/EBITDA 115.73 +46.8%
Book Value/Share 56.74 +8.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FFO growing 29.5% TTM
✓Sustainable FFO payout ratio of 68.3%
✓Share count reduced 7.5% through buybacks
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 3.1x
✗Weak 3Y average ROE of 4.7%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.92%

5Y8.13%

3Y-7.78%

TTM-37.36%

Profit (Net Income) CAGR

10Y-7.11%

5Y-4.04%

3Y-4.8%

TTM20.13%

EPS CAGR

10Y-11.89%

5Y-13.9%

3Y-14.66%

TTM14.39%

ROCE

10Y Avg0.75%

5Y Avg0.54%

3Y Avg1.77%

Latest0.57%

Peer Comparison

Diversified Commercial Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ACRACRES Commercial Realty Corp.	150.01M	20.59	17.90	-8.39%	29.62%	7.27%	12.92%	3.13
NREFNexPoint Real Estate Finance, Inc.	263.17M	14.85	14.56	162.1%	57.58%	12.44%	11.13%	8.44
FBRTFranklin BSP Realty Trust, Inc.	836.47M	10.25	12.50	-3.62%	14.83%	5.54%	6.84%	2.84
TRTXTPG RE Finance Trust, Inc.	716.09M	9.15	11.88	302.62%	31.56%	6.15%	14.92%	2.31
ABRArbor Realty Trust, Inc.	1.61B	8.21	6.96	-12.72%	49.85%	5.9%	28.72%	3.19
RPTRithm Property Trust Inc.	123.34M	16.30	-7.12	380.09%	-17.24%	-2.24%	0.24%	2.93
ACREAres Commercial Real Estate Corporation	280.08M	5.09	-7.95	78.75%	-29.15%	-1.48%	12.69%	2.17
ARIApollo Commercial Real Estate Finance, Inc.	1.4B	10.09	-10.40	146.01%	23.05%	7.42%	2.19%	3.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	123.92M	62.68M	45.96M	36.62M	56.47M	-80.86M	106.43M	62.88M	91.13M	83.49M
Revenue Growth %	0.1%	-0.49%	-0.27%	-0.2%	0.54%	-2.43%	2.32%	-0.41%	0.45%	-0.08%
Property Operating Expenses	57K	9K	13.26M	11.33M	0	6.1M	6.18M	33.85M	38.91M	46.9M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	88.09M	42.67M	33.79M	47.87M	56.47M	23.52M	19.41M	21.17M	31.55M	24.99M
G&A Expenses	32.07M	11.56M	18.58M	13.38M	12.6M	17.47M	13.32M	14.14M	20.55M	10.69M
EBITDA+	58.72M	-12.77M	103.21M	35.15M	0	-143.27M	101.92M	88.44M	20.76M	11.66M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	4.86M	1.57M	92.97M	2.91M	3.4M	49K	94K	85K	91K	57K
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	53.86M	-14.33M	10.24M	32.24M	0	-143.32M	101.83M	88.36M	20.67M	11.6M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	65.65M	53.75M	57.66M	67.62M	83.84M	58.01M	61.58M	82.32M	130.79M	116.09M
Interest Coverage	0.82x	-0.27x	0.18x	0.48x	-	-2.47x	1.65x	1.07x	0.16x	0.10x
Non-Operating Income	32.74M	-30.8M	50.61M	2.91M	3.4M	0	47.91M	0	-129.2M	0
Pretax Income+	12.43M	-342K	54.07M	26.96M	36.22M	-197.71M	33.92M	10.76M	21.95M	28.82M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.35M	10.99M	6.61M	-343K	0	0	0	336K	97K	126K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	10.55M	-30.36M	33.54M	27.43M	35.97M	-197.71M	33.92M	10.62M	22.39M	29.27M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.83%	-3.88%	2.1%	-0.18%	0.31%	-6.5%	1.17%	-0.69%	1.11%	0.31%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.76%	-2.87%	5.39%	-0.76%	0.3%	-6.02%	1.17%	-0.69%	1.1%	0.3%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.98	-5.19	0.54	0.66	2.43	-19.33	1.85	-1.00	0.35	1.15
EPS Growth %	-0.76%	-6.3%	1.1%	0.22%	2.68%	-8.95%	1.1%	-1.54%	1.35%	2.29%
EPS (Basic)	0.98	-5.19	0.54	0.66	2.46	-19.33	1.85	-1.00	0.35	1.19
Diluted Shares Outstanding	10.76M	10.18M	10.36M	10.46M	10.56M	10.76M	9.76M	8.81M	8.57M	7.92M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	2.76B	2.05B	1.91B	2.13B	2.45B	1.65B	2.28B	2.38B	2.2B	1.88B
Asset Growth %	0.01%	-0.26%	-0.07%	0.11%	0.15%	-0.33%	0.38%	0.04%	-0.08%	-0.14%
Real Estate & Other Assets+	-284.6M	-217.91M	-224.12M	-420.72M	466.9M	33.81M	59.33M	121.52M	-29.59M	-48.99M
PP&E (Net)	931K	527K	151K	174K	89K	5.77M	6.35M	20.61M	20.16M	20.14M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	118.31M	266.68M	400.09M	545.58M	1.93B	1.61B	2.21B	2.22B	0	0
Cash & Equivalents	78.76M	116.03M	181.49M	82.82M	79.96M	29.36M	35.5M	66.23M	83.45M	56.71M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	-332K	-8.37M	296K	624K	42.48M	54.42M	277.45M	107.81M	-97.92M	-76.68M
Intangible Assets	26.23M	213K	0	0	0	3.29M	3.88M	8.88M	7.88M	6.99M
Total Liabilities	1.93B	1.35B	1.24B	1.58B	1.9B	1.32B	1.84B	1.94B	1.75B	1.43B
Total Debt+	1.9B	1.19B	1.16B	1.55B	1.88B	1.31B	1.82B	1.91B	1.72B	1.41B
Net Debt	1.82B	1.08B	982M	1.47B	1.8B	1.28B	1.78B	1.84B	1.64B	1.35B
Long-Term Debt	1.62B	739.95M	1.21B	1.55B	1.48B	1.3B	1.81B	1.87B	1.68B	1.36B
Short-Term Borrowings	1000K	0	0	1000K	1000K	0	0	0	0	0
Capital Lease Obligations	0	12K	10K	5K	0	3.11M	3.54M	43.7M	44.28M	45.26M
Total Current Liabilities+	197.91M	4.48M	5.15M	862.21M	421.37M	11.87M	18.12M	24.61M	0	0
Accounts Payable	3.29M	4.48M	4.39M	4.22M	2.25M	1.69M	5.83M	10.21M	8.46M	6.96M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-1.62B	-739.95M	-1.21B	-1.55B	56K	0	0	0	-1.72B	-1.41B
Total Equity+	826.76M	703.09M	1.68B	2.01B	556.4M	334.38M	448.19M	441.31M	446.21M	449.66M
Equity Growth %	-0.13%	-0.15%	1.39%	0.2%	-0.72%	-0.4%	0.34%	-0.02%	0.01%	0.01%
Shareholders Equity	818.86M	704.3M	671.48M	553.82M	556.4M	334.38M	448.19M	435.47M	435.8M	439.13M
Minority Interest	7.9M	-1.21M	1.01B	1.46B	0	0	0	5.85M	10.42M	10.53M
Common Stock	32K	31K	31K	32K	11K	10K	9K	9K	8K	8K
Additional Paid-in Capital	1.23B	1.22B	1.19B	1.08B	1.09B	1.09B	1.18B	1.17B	1.17B	1.16B
Retained Earnings	-406.6M	-517.18M	-517.77M	-525.84M	-530.5M	-741.6M	-723.56M	-732.36M	-729.39M	-720.27M
Preferred Stock	12K	12K	10K	5K	5K	5K	10K	10K	10K	10K
Return on Assets (ROA)	0%	-0.01%	0.02%	0.01%	0.02%	-0.1%	0.02%	0%	0.01%	0.01%
Return on Equity (ROE)	0.01%	-0.04%	0.03%	0.01%	0.03%	-0.44%	0.09%	0.02%	0.05%	0.07%
Debt / Assets	0.69%	0.58%	0.61%	0.73%	0.76%	0.79%	0.8%	0.8%	0.78%	0.75%
Debt / Equity	2.29x	1.69x	0.69x	0.77x	3.37x	3.91x	4.06x	4.33x	3.86x	3.13x
Net Debt / EBITDA	30.94x	-	9.51x	41.86x	-	-	17.49x	20.86x	78.84x	115.73x
Book Value per Share	76.84	69.07	162.24	192.37	52.70	31.07	45.91	50.08	52.09	56.74

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	70M	41.81M	220.8M	48.21M	43.33M	31.81M	40.59M	32.7M	45.61M	19.39M
Operating CF Growth %	2.01%	-0.4%	4.28%	-0.78%	-0.1%	-0.27%	0.28%	-0.19%	0.39%	-0.57%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	17.18M	-30.59M	33.34M	27.43M	35.97M	-197.71M	33.92M	10.43M	21.85M	28.7M
Depreciation & Amortization	19.7M	-16.46M	3.15M	2.91M	3.4M	6.52M	13.99M	7.49M	5.19M	9.69M
Stock-Based Compensation	3.15M	3.02M	2.74M	2.72M	2.21M	3.14M	1.72M	3.56M	2.58M	2.96M
Other Non-Cash Items	26.45M	67.49M	174.28M	6.74M	294K	6.97M	-18.1M	10.88M	10.16M	-10.65M
Working Capital Changes	3.91M	-1.24M	2.53M	8.44M	-3.21M	-4.47M	9.06M	333K	5.83M	-11.3M
Cash from Investing+	-59.51M	242.92M	44.33M	-347.23M	-313.07M	244.89M	-390.5M	-232.55M	161.31M	299.07M
Acquisitions (Net)	-249.23M	1.89M	-5K	0	0	0	0	56.98M	0	0
Purchase of Investments	-40.38M	-17.55M	-173.57M	-242.56M	-146.63M	-24.61M	0	-81.75M	0	-884K
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	80.1M	153.97M	-17.86M	-148.14M	-223.37M	227.01M	-393.4M	-231.81M	161.31M	299.95M
Cash from Financing+	-11.64M	-247.46M	-199.67M	190.13M	268.69M	-303.4M	566.1M	20.74M	-219.85M	-352.74M
Dividends Paid	-114.49M	-76.57M	-30.31M	-26.32M	-37.4M	-19.12M	-14.35M	-19.42M	-19.42M	-20.04M
Common Dividends	-90.1M	-52.41M	-6.25M	-11.07M	-27.05M	-8.77M	0	0	0	0
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K
Share Repurchases	-25.93M	-12.59M	-149K	-165.41M	0	-5.37M	-18.4M	-9.13M	-7.41M	-7.88M
Other Financing	36.73M	117.98M	-116.53M	201.23M	-6.53M	-28.02M	-20.82M	4.46M	1.14M	-35K
Net Change in Cash+	-1.15M	37.27M	65.46M	-108.89M	-1.04M	-26.69M	216.19M	-179.12M	-12.93M	-34.28M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	79.91M	78.76M	116.03M	204.36M	95.47M	94.43M	67.74M	283.93M	104.81M	91.89M
Cash at End	78.76M	116.03M	181.49M	95.47M	94.43M	67.74M	283.93M	104.81M	91.89M	57.6M
Free Cash Flow+	69.98M	41.78M	295.05M	48.21M	43.33M	31.8M	40.53M	31.96M	45.61M	19.38M
FCF Growth %	1.99%	-0.4%	6.06%	-0.84%	-0.1%	-0.27%	0.27%	-0.21%	0.43%	-0.58%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.43	-2.83	12.21	2.9	3.73	-18.37	3.48	1.22	2.62	3.7
FFO Payout Ratio	584.57%	-181.98%	4.94%	36.49%	68.72%	-4.44%	42.18%	181.38%	86.39%	68.34%
NOI Margin	99.95%	99.99%	71.16%	69.06%	100%	107.55%	94.19%	46.16%	57.3%	43.83%
Net Debt / EBITDA	30.94x	-	9.51x	41.86x	-	-	17.49x	20.86x	78.84x	115.73x
Debt / Assets	68.66%	58.02%	60.85%	72.94%	76.48%	79.07%	79.59%	80.4%	78.34%	74.71%
Interest Coverage	0.82x	-0.27x	0.18x	0.48x	-	-2.47x	1.65x	1.07x	0.16x	0.10x
Book Value / Share	76.84	69.07	162.24	192.37	52.7	31.07	45.91	50.08	52.09	56.74
Revenue Growth	10.34%	-49.42%	-26.67%	-20.34%	54.23%	-243.19%	231.63%	-40.93%	44.94%	-8.39%

Revenue by Segment

	2015	2016
Commercial Real Estate Loans	66.52M	65.19M
Commercial Real Estate Loans Growth	-	-2.00%
cumulative intercompany reclassification	102M	62.68M
cumulative intercompany reclassification Growth	-	-38.55%
Commercial Finance	23.57M	17.25M
Commercial Finance Growth	-	-26.83%
Residential Mortgage Loans	5.57M	456K
Residential Mortgage Loans Growth	-	-91.81%
Corporate and Other	-19.67M	-20.21M
Corporate and Other Growth	-	-2.75%
Middle-market Loans	26.02M	-
Middle-market Loans Growth	-	-

Frequently Asked Questions

Valuation & Price

ACRES Commercial Realty Corp. (ACR) has a price-to-earnings (P/E) ratio of 17.9x. This is roughly in line with market averages.

Growth & Financials

ACRES Commercial Realty Corp. (ACR) reported $106.6M in revenue for fiscal year 2024. This represents a 13% increase from $94.2M in 2011.

ACRES Commercial Realty Corp. (ACR) saw revenue decline by 8.4% over the past year.

Yes, ACRES Commercial Realty Corp. (ACR) is profitable, generating $31.6M in net income for fiscal year 2024 (35.1% net margin).

Dividend & Returns

Yes, ACRES Commercial Realty Corp. (ACR) pays a dividend with a yield of 12.28%. This makes it attractive for income-focused investors.

ACRES Commercial Realty Corp. (ACR) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

Industry Metrics

ACRES Commercial Realty Corp. (ACR) generated Funds From Operations (FFO) of $36.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

ACRES Commercial Realty Corp. (ACR) offers a 12.28% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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