ACRES Commercial Realty Corp.
- Open
- 17.92
- Day high
- 18.11
- Day low
- 17.92
- Prev close
- 17.79
- Volume
- 697
- Mkt cap
- $129M
- P/E (TTM)
- 26.2
- EPS (TTM)
- $0.69
- P/B
- 0.3
- P/S
- 0.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$420K over the last 3 months (0 open-market buys, 11 sales)
- 🏛Institutions mixed (13F)
ACRES Commercial Realty Corp. (ACR) is a Real Estate company listed on NYSE. The stock is down 1% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 11 sales (SEC Form 4).
ACRES Commercial Realty Corp. (ACR) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ACR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.02 | $0.02 | +0.0% | $18M | -13.3% |
| Mar 5, 2026 | $-0.01 | $-0.48 | -4700.0% | $106M | +408.9% |
| Oct 29, 2025 | $0.14 | $1.01 | +638.8% | $21M | +2.2% |
| Jul 30, 2025 | $0.01 | $0.04 | +300.0% | $42M | +92.4% |
| Apr 30, 2025 | $0.53 | $-0.86 | -262.3% | $17M | -22.2% |
| Mar 5, 2025 | $0.22 | $0.48 | +118.2% | $29M | +40.8% |
| Oct 30, 2024 | $0.39 | $0.24 | -38.5% | $39M | +72.8% |
| Jul 31, 2024 | $0.35 | $0.51 | +45.7% | $51M | +140.4% |
| May 1, 2024 | $0.42 | $0.16 | -61.9% | $25M | +14.2% |
| Feb 28, 2024 | $0.58 | $0.55 | -5.2% | $22M | +14.5% |
| Nov 1, 2023 | $0.53 | $0.73 | +37.7% | $24M | +22.5% |
| Aug 2, 2023 | $0.47 | $0.60 | +27.7% | $22M | +14.7% |
ACR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 26, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 2,076 | $22.50 |
| Jun 17, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 2,270 | $22.57 |
| Jun 17, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 3,711 | $25.47 |
| Jun 12, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 6 | $25.47 |
| Jun 12, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 215 | $25.47 |
| Jun 12, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 849 | $25.47 |
| Jun 12, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 1,521 | $22.55 |
| Jun 3, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 5 | $22.55 |
| Jun 3, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 5,801 | $25.41 |
| Jun 3, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 422 | $22.55 |
| May 22, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 404 | $22.50 |
| Apr 1, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 1,095 | $22.12 |
| Mar 18, 2026 | Eagle Point Credit Management LLC10 percent owner | Sell | 2,954 | $22.07 |
| Mar 6, 2026 | ACRES Share Holdings, LLC10 percent owner | Grant | 204,765 | — |
| Mar 6, 2026 | KESSLER STEVEN Jdirector | Grant | 5,555 | — |
Source: ACR SEC Form 4 filings, latest Jun 26, 2026. For informational purposes only — not investment advice.
See the full ACR insider & 13F page →ACRES Commercial Realty Corp. company profile
Overview
ACRES Commercial Realty Corp. (NYSE:ACR) is a real estate investment trust (REIT) that specializes in commercial real estate debt investments. Originally incorporated in 2005 as Exantas Capital Corp., the company went public in 2006 and rebranded to its current name in February 2021. Based in Uniondale, New York, ACRES focuses on originating, holding, and managing commercial real estate mortgage loans and related debt investments across the United States. The company operates as a mortgage REIT, qualifying for favorable tax treatment by distributing substantially all of its taxable income to shareholders.
Business
ACRES Commercial Realty operates in the mortgage REIT sector, which sits at the intersection of real estate and financial services. Unlike traditional equity REITs that own and operate physical properties, mortgage REITs like ACRES provide financing to real estate owners and developers by originating and holding debt instruments secured by commercial properties. The company's core business involves several types of commercial real estate debt investments. First mortgage loans represent the primary security interest in commercial properties, typically providing 60-80% of a property's value. ACRES also invests in mezzanine debt, which is subordinated financing that fills the gap between senior debt and equity, offering higher returns but with increased risk. Preferred equity investments provide returns similar to debt but with some upside participation in property performance. Additionally, ACRES holds commercial mortgage-backed securities (CMBS), which are bonds backed by pools of commercial mortgages, and occasionally makes direct equity investments in commercial real estate properties. The company's portfolio spans various property types including multifamily housing, office buildings, retail properties, hotels, self-storage facilities, and student housing developments. As of recent reporting, ACRES maintains a loan portfolio of approximately $1.4-1.5 billion across 48-53 individual investments, with the majority being floating-rate loans that adjust with interest rate movements. The company focuses on loans with spreads averaging 3.6-3.8% over benchmark rates like SOFR (Secured Overnight Financing Rate).
Competitive moat
ACRES operates in a highly competitive commercial real estate lending market with limited sustainable competitive advantages. The company's primary strengths lie in its established relationships with borrowers and intermediaries, its specialized underwriting expertise in commercial real estate, and its flexible capital structure as a REIT that can move more quickly than traditional bank lenders. However, the company's moat is relatively narrow. Commercial real estate lending is a commodity-like business where pricing power is limited and competitive dynamics frequently compress margins. Large banks, insurance companies, debt funds, and other mortgage REITs all compete for similar deals, often leading to aggressive pricing that reduces returns across the industry. The company's scale disadvantage compared to larger competitors like Blackstone's real estate debt funds or major bank lending divisions limits its ability to access the largest, most attractive deals. Additionally, ACRES lacks the origination platform that some competitors possess, making it more dependent on third-party deal flow rather than proprietary sourcing. The regulatory environment also presents challenges, as bank regulatory changes can periodically shift competitive dynamics, sometimes favoring non-bank lenders like ACRES but other times constraining their financing sources. Overall, while ACRES has operational competencies, the business operates in a structurally competitive industry with low barriers to entry and limited pricing power, suggesting a weak economic moat.
Risks & safety
ACRES presents moderate financial risk with several concerning leverage metrics but adequate liquidity buffers. • **Leverage and Solvency**: Debt-to-equity ratio of 3.06x indicates high leverage typical for mortgage REITs, though within industry norms. Available liquidity of $87 million provides some cushion, but negative free cash flow of -$4.6 million in Q1 2025 raises concerns about cash generation. • **Valuation Metrics**: Trading at 0.42x book value suggests significant market skepticism. P/E ratio of 3.2x appears attractive but reflects the cyclical nature and credit risks inherent in the business model. • **Credit Quality**: 23% of loan portfolio rated 4-5 (higher risk categories) with weighted average risk rating of 2.9, indicating meaningful credit exposure. However, the company has been actively managing problem assets through foreclosures and sales. • **Other Considerations**: REIT structure requires distribution of most taxable income, limiting retained earnings for growth. Interest rate sensitivity creates earnings volatility, though floating-rate portfolio provides some protection against rising rates.
Recent development
Over the past few years, ACRES has undergone significant strategic repositioning focused on portfolio optimization and capital efficiency. The company has been actively reducing its loan portfolio size through natural payoffs while being highly selective about new originations, shrinking from over $2 billion in loans in 2022-2023 to approximately $1.4 billion currently. A major strategic initiative has been the monetization of real estate equity investments, with management indicating plans to sell substantially all direct real estate holdings by 2025. This includes a successful student housing development near Florida State University that opened at 95% occupancy and various other properties acquired through foreclosures or direct investment. The company completed a significant refinancing milestone in Q1 2025 by closing a new $940 million financing facility with JPMorgan, which refinanced previous securitizations and provides a two-year reinvestment period for deploying capital. This facility offers more flexibility than traditional securitizations and positions ACRES for portfolio growth. Capital allocation strategy has shifted toward opportunistic share repurchases, with the company buying back stock at significant discounts to book value while suspending dividend payments. Management has indicated intentions to eventually reinstate dividends once the portfolio is re-leveraged and earnings stabilize, targeting mid-teens returns on equity and 8-10% earnings available for distribution. The company has also been upgrading its financing structure by moving away from mark-to-market financing arrangements toward more stable, non-mark-to-market facilities, reducing the risk of margin calls during market volatility.
ACR company profile · for informational purposes only — not investment advice.
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