ACRES Commercial Realty Corp.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
View on SEC.govAbout this filing
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FY2024 · Filed Mar 17, 2025
ACR$11.65-3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity
| Common Stock | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Series C Preferred Stock | Series D Preferred Stock | Additional Paid-In Capital | Accumulated Other Comprehensive Loss | Retained Earnings (Distributions in Excess of Earnings) | Total Stockholders’ Equity | Non-Controlling Interest | Total Equity | |
| Balance, January 1, 2022 | 9,149,079 | $9 | $5 | $5 | $1,179,863 | $(8,127) | $(723,560) | $448,195 | $— | $448,195 |
| Offering costs | — | — | — | — | (101) | — | — | (101) | — | (101) |
| Conversion of 4.5% convertible senior notes | — | — | — | — | 4 | — | — | 4 | — | 4 |
| Exercise of warrants at $0.03 per share | 74,666 | — | — | — | 2 | — | — | 2 | — | 2 |
| Purchase and retirement of common stock | (848,978) | — | — | — | (9,128) | — | — | (9,128) | — | (9,128) |
| Stock-based compensation | 333,333 | — | — | — | — | — | — | — | — | — |
| Amortization of stock-based compensation | — | — | — | — | 3,562 | — | — | 3,562 | — | 3,562 |
| Contributions from non-controlling interests | — | — | — | — | — | — | — | — | 6,043 | 6,043 |
| Net income | — | — | — | — | — | — | 10,623 | 10,623 | (197) | 10,426 |
| Distributions and accrual of cumulative preferred stock dividends | — | — | — | — | — | — | (19,422) | (19,422) | — | (19,422) |
| Amortization of terminated derivatives | — | — | — | — | — | 1,733 | — | 1,733 | — | 1,733 |
| Balance, December 31, 2022 | 8,708,100 | $9 | $5 | $5 | $1,174,202 | $(6,394) | $(732,359) | $435,468 | $5,846 | $441,314 |
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 - (Continued)
| Common Stock | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Series C Preferred Stock | Series D Preferred Stock | Additional Paid-In Capital | Accumulated Other Comprehensive Loss | Retained Earnings (Distributions in Excess of Earnings) | Total Stockholders’ Equity | Non-Controlling Interest | Total Equity | |
| Balance, January 1, 2023 | 8,708,100 | $9 | $5 | $5 | $1,174,202 | $(6,394) | $(732,359) | $435,468 | $5,846 | $441,314 |
| Purchase and retirement of common stock | (899,085) | (1) | — | — | (7,409) | — | — | (7,410) | — | (7,410) |
| Stock-based compensation | 69,201 | — | — | — | 599 | — | — | 599 | — | 599 |
| Amortization of stock-based compensation | — | — | — | — | 2,578 | — | — | 2,578 | — | 2,578 |
| Contributions from non-controlling interests | — | — | — | — | — | — | — | — | 5,115 | 5,115 |
| Net income | — | — | — | — | — | — | 22,390 | 22,390 | (542) | 21,848 |
| Distributions and accrual of cumulative preferred stock dividends | — | — | — | — | — | — | (19,422) | (19,422) | — | (19,422) |
| Amortization of terminated derivatives | — | — | — | — | — | 1,593 | — | 1,593 | — | 1,593 |
| Balance, December 31, 2023 | 7,878,216 | $8 | $5 | $5 | $1,169,970 | $(4,801) | $(729,391) | $435,796 | $10,419 | $446,215 |
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 - (Continued)
| Common Stock | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Series C Preferred Stock · Series D Preferred Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Loss · Retained Earnings (Distributions in Excess of Earnings) · Total Stockholders’ Equity · Non-Controlling Interest · Total Equity | |||||||||||||||||
| Balance, January 1, 2024 | 7,878,216 | $8 | $5 | $5 | $1,169,970 | $(4,801) | $(729,391) | $435,796 | $10,419 | $446,215 | |||||||
| Purchase and retirement of common stock | (579,456) | — | — | — | (7,884) | — | — | (7,884) | — | (7,884) | |||||||
| Stock-based compensation | 335,244 | — | — | — | 19 | — | — | 19 | — | 19 | |||||||
| Offering costs | (82) | (82) | — | (82) | |||||||||||||
| Amortization of stock-based compensation | — | — | — | — | 2,957 | — | — | 2,957 | — | 2,957 | |||||||
| Preferred stock redemption | — | — | — | — | (2,399) | 242 | (2,157) | — | (2,157) | ||||||||
| Contributions from non-controlling interests | — | — | — | — | — | — | — | — | 687 | 687 | |||||||
| Net income | — | — | — | — | — | — | 29,267 | 29,267 | (572) | 28,695 | |||||||
| Distributions and accrual of cumulative preferred stock dividends | — | — | — | — | — | — | (20,386) | (20,386) | — | (20,386) | |||||||
| Amortization of terminated derivatives | — | — | — | — | — | 1,598 | — | 1,598 | — | 1,598 | |||||||
| Balance, December 31, 2024 | 7,634,004 | $8 | $5 | $5 | $1,162,581 | $(3,203) | $(720,268) | $439,128 | $10,534 | $449,662 | |||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.