ACRES Commercial Realty Corp.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
ACR$11.65-3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| REVENUES | |||
| Interest income: | |||
| CRE loans | $118,125 | $154,862 | $184,334 |
| Other | 1,024 | 2,400 | 3,132 |
| Total interest income | 119,149 | 157,262 | 187,466 |
| Interest expense | 85,942 | 116,092 | 130,791 |
| Net interest income | 33,207 | 41,170 | 56,675 |
| Real estate income | 46,606 | 42,170 | 34,311 |
| Other revenue | 133 | 148 | 145 |
| Total revenues | 79,946 | 83,488 | 91,131 |
| OPERATING EXPENSES | |||
| General and administrative | 11,304 | 10,691 | 10,512 |
| Real estate expenses | 51,325 | 46,896 | 38,913 |
| Management fees - related party | 6,411 | 6,498 | 7,462 |
| Equity compensation - related party | 2,147 | 2,957 | 2,578 |
| Corporate depreciation and amortization | 78 | 57 | 91 |
| (Reversal of) provision for credit losses, net | (7,749) | 4,790 | 10,902 |
| Total operating expenses | 63,516 | 71,889 | 70,458 |
| 16,430 | 11,599 | 20,673 | |
| OTHER INCOME (EXPENSE) | |||
| Equity in losses of unconsolidated subsidiaries | (1,727) | (912) | — |
| Gain on conversion of real estate | — | 8,637 | — |
| Gain on sale of investment in real estate | 11,674 | 7,506 | 745 |
| Other income | 1,516 | 1,991 | 527 |
| Total other income | 11,463 | 17,222 | 1,272 |
| INCOME BEFORE TAXES | 27,893 | 28,821 | 21,945 |
| Income tax benefit (expense) | 83 | (126) | (97) |
| NET INCOME | 27,976 | 28,695 | 21,848 |
| Net income allocated to preferred shares | (21,077) | (20,386) | (19,422) |
| Carrying value in excess of consideration paid for preferred shares | — | 242 | — |
| Net (income) loss allocable to non-controlling interests, net of taxes | (6,660) | 572 | 542 |
| NET INCOME ALLOCABLE TO COMMON SHARES | $239 | $9,123 | $2,968 |
| NET INCOME PER COMMON SHARE - BASIC | $0.03 | $1.19 | $0.35 |
| NET INCOME PER COMMON SHARE - DILUTED | $0.03 | $1.15 | $0.35 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC | 7,129,163 | 7,653,630 | 8,416,290 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED | 7,412,911 | 7,924,903 | 8,566,058 |
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