ACRES Commercial Realty

ACRES Commercial Realty announced the completion of its acquisition of ACRES Capital in a stock transaction and converted from an externally managed to an internally managed REIT. As part of the merger, approximately 7.5 million ACR common shares were issued as consideration, with the net share count increasing by about 6.3 million shares. Management collectively holds more than 40% of ACR common shares following the transaction. The company also placed $200 million of first‑lien secured notes with an 8.625% coupon (maturing 2031), proceeds from which are intended in part to repay $150 million of unsecured notes maturing in August 2026. » Mere på de.investing.com

Acres Commercial Realty grew its loan portfolio in Q1 2026 by $374.4 million to about $2.2 billion, with high concentration in multifamily properties and declining CECL reserves (0.88% of the portfolio). Operationally, the growth does not mask profitability issues: the company reported a GAAP net loss per share and missed both EPS and revenue expectations. The balance sheet shows higher leverage at 3.4x and a $1 billion securitization (ACRES 2026-FL4), whose full impact is expected in Q2 2026. » Mere på de.investing.com

Acres Commercial Realty reported Q1 2026 revenue of $19.5 million and EPS of $0.07, both well below analysts’ estimates. A sale of a real estate stake generated a one-time gain of $3.3 million, while net interest income and GAAP-relevant net income declined. Leverage rose to 3.4x; management expects relief from the securitization ACRES 2026‑FL4 and guides Q2 for EPS of $0.36 on $21.95 million in revenue. The stock rose slightly in premarket trading by 0.44%. » Mere på de.investing.com