ACRES Commercial Realty Corp.

For the period ended Dec 31, 2025. Filed Mar 10, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 10, 2026

ACR$11.04-5.2%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

	Years Ended December 31,
	2025	2024	2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$27,976	$28,695	$21,848
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Reversal of) provision for credit losses, net	(7,749)	4,790	10,902
Depreciation, amortization and accretion	10,253	9,691	5,191
Amortization of stock-based compensation	2,147	2,957	2,578
Gain on conversion of real estate	—	(8,637)	—
Gain on sale of investment in real estate	(11,674)	(7,506)	(745)
Equity in losses of unconsolidated subsidiaries	1,727	698	—
Changes in operating assets and liabilities
(Increase) decrease in accrued interest receivable, net of purchased interest	(12,959)	(2,949)	187
(Decrease) increase in management fee payable	(540)	(26)	284
Increase (decrease) in accounts payable and other liabilities	(197)	(3,455)	3,652
Decrease in lease liabilities	(2,325)	(2,081)	(151)
(Decrease) increase in accrued interest payable	(173)	(1,377)	885
(Increase) decrease in other assets	(2,384)	(1,415)	978
Net cash provided by operating activities	4,102	19,385	45,609
CASH FLOWS FROM INVESTING ACTIVITIES:
Principal fundings of CRE loans	(753,231)	(53,164)	(108,260)
Principal payments received on CRE loans	341,405	377,583	215,955
Investments in real estate	(2,573)	(44,744)	(38,192)
Proceeds from sale of investments in real estate	121,613	19,985	14,309
Investments in unconsolidated entities	(9,107)	(884)	—
Purchases of furniture and fixtures	(165)	(8)	—
Proceeds from sale of CRE loans	77,530	—	77,203
Principal payments received on loan - due from Manager	300	300	300
Net cash (used in) provided by investing activities	(224,228)	299,068	161,315
CASH FLOWS FROM FINANCING ACTIVITIES:
Offering costs	—	(82)	—
Repurchase of common stock	(22,319)	(7,884)	(7,410)
Repurchase of preferred stock	—	(2,157)	—
Proceeds from borrowings:
Senior secured financing facility	—	—	13,500
CRE - term warehouse financing facilities	551,774	19,151	11,755
Mortgages payable	1,001	36,334	25,069
CRE - term reinvestment financing facility	913,781	—	—
Payments on borrowings:
Securitizations	(865,078)	(344,962)	(32,183)
Senior secured financing facility	—	(1,397)	(40,554)
CRE - term warehouse financing facilities	(174,900)	(31,745)	(171,742)
Mortgages payable	(60,929)	—	—
CRE - term reinvestment financing facility	(182,725)	—	—
Payment of debt issuance costs	(4,015)	(640)	(3,977)
Distributions to non-controlling interests	(11,882)	—	—
Proceeds received from non-controlling interests	125,000	687	5,115
Distributions paid on preferred stock	(21,227)	(20,041)	(19,422)
Net cash provided by (used in) financing activities	248,481	(352,736)	(219,849)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	28,355	(34,283)	(12,925)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	57,603	91,886	104,811
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$85,958	$57,603	$91,886

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.