ACRES Commercial Realty Corp. SEC 10-Q Report

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2025.11.06 20:23
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ACRES Commercial Realty Corp. has released its Form 10-Q report for Q3 2025, revealing a total interest income of $28.3 million, down from $39.3 million in Q3 2024. Net income rose significantly to $18.0 million, compared to $8.1 million in the previous year, driven by gains from real estate sales. The company reported a diversified loan portfolio, with a focus on the Southwest and Southeast regions, and aims to maintain its REIT status while managing commercial real estate mortgage loans and equity investments.

ACRES Commercial Realty Corp., a prominent player in the commercial real estate (CRE) lending market, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial and operational performance, highlighting key metrics and strategic directions.

Financial Highlights

For the three months ended September 30, 2025, ACRES Commercial Realty Corp. reported the following financial performance metrics:

  • Total Interest Income: $28.3 million, reflecting a decrease from $39.3 million in the same period in 2024, primarily due to lower interest income from CRE loans.
  • Net Interest Income: $8.4 million, compared to $10.5 million in the same period in 2024, indicating a reduction in interest income.
  • Total Revenues: $21.0 million, down from $22.4 million in the same period in 2024, driven by a decrease in interest income.
  • Net Income: $18.0 million, a significant increase from $8.1 million in the same period in 2024, largely due to gains on the sale of investment in real estate.
  • Net Income Allocable to Common Shares: $9.8 million, up from $2.8 million in the same period in 2024, reflecting improved profitability.
  • Net Income Per Common Share - Basic: $1.38, compared to $0.37 in the same period in 2024, indicating higher earnings per share.
  • Net Income Per Common Share - Diluted: $1.34, compared to $0.36 in the same period in 2024, showing an increase in diluted earnings per share.

Business Highlights

ACRES Commercial Realty Corp. also provided insights into its business operations for the third quarter of 2025:

  • Revenue Segments: The company reported interest income from CRE loans and other sources, with a notable decrease in interest income from CRE loans compared to the previous year. This indicates a shift in the company's revenue composition, potentially due to changes in loan portfolio performance or market conditions.
  • Geographical Performance: The company's loan portfolio is diversified across several regions, with the Southwest and Southeast regions showing significant contributions to the total loan portfolio. This regional distribution highlights the company's strategic focus on these areas, which may be driven by market opportunities or regional economic conditions.
  • Sales Units: The company has a total of 44 whole loans and 2 mezzanine loans, indicating active lending operations. The number of loans and their distribution across different property types and regions provide insight into the company's operational scale and market reach.
  • Future Outlook: The company expects to continue qualifying as a REIT and is focused on originating, holding, and managing commercial real estate mortgage loans and equity investments. This strategic direction indicates a commitment to maintaining its position in the real estate investment market and leveraging its expertise in CRE lending.

SEC Filing: ACRES Commercial Realty Corp. [ ACR ] - 10-Q - Nov. 06, 2025

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