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ACRES Commercial Realty (ACR)
NYSE:ACR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -11.72%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted positive developments such as net income, successful asset sales, and a strong liquidity position. However, there were challenges, including an increase in risk ratings, credit losses, and a reduction in the loan portfolio. The company is at an inflection point, focusing on asset monetization and redeployment of capital.Company Guidance
During the Fourth Quarter 2024 earnings call for ACRES Commercial Realty Corp., several key financial metrics and strategic updates were highlighted. The company reported a GAAP net income of $4.1 million, equivalent to $0.52 per diluted share, and a book value per share of $28.87 as of December 31st, up from $27.92 on September 30th. The commercial real estate loan portfolio totaled $1.5 billion, with a weighted average risk rating of 2.9, slightly higher than the previous quarter's 2.7. Loan payoffs amounted to $107.5 million, while new commitments and funded existing loan commitments totaled $47.9 million and $6.2 million, respectively, resulting in a net portfolio reduction of $81.8 million. The weighted average spread over one-month term SOFR was 3.73%. The company's liquidity stood at $76.9 million, with $56.7 million in unrestricted cash. The leverage ratio decreased slightly to 3.0 from 3.3 times due to loan payoffs. In terms of future strategy, ACRES plans to expand its portfolio to between $1.8 billion and $2 billion by the end of 2025, focusing on redeploying capital from real estate sales into the loan portfolio, and aims to achieve mid-teens ROEs and an 8% to 10% EAD range.Positive Net Income and Earnings
GAAP net income allocable to common shares in the Fourth Quarter was $4.1 million or $0.52 per share diluted. Earnings available for distribution (EAD) for the Fourth Quarter 2024 was $0.48 per share, up from $0.24 per share in the Third Quarter.
Successful Asset Sales
Sold an office property in Pennsylvania for a gain of $7.5 million. Additionally, sold a loan on an underperforming hotel in Orlando at 94% of basis, allowing capital redeployment.
Preleasing and Occupancy Success
Student housing development at Florida State University opened at 95% occupancy with preleasing for the 2025-2026 school year tracking well, showing a 20% increase in preleasing and near double-digit rent growth.
Strong Liquidity Position
Available liquidity at December 31st was $76.9 million, including $56.7 million of unrestricted cash.
Book Value Increase
GAAP book value per share increased to $28.87 on December 31st, up from $27.92 on September 30th.
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ACR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $20.14 | $20.76 | +3.08% |
| Oct 30, 2024 | $15.17 | $15.30 | +0.86% |
| Jul 31, 2024 | $14.32 | $14.83 | +3.56% |
| May 01, 2024 | $13.50 | $13.00 | -3.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ACRES Commercial Realty (ACR) report earnings?
ACRES Commercial Realty (ACR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is ACRES Commercial Realty (ACR) earnings time?
ACRES Commercial Realty (ACR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACR EPS forecast?
ACR EPS forecast for the fiscal quarter 2025 (Q1) is 0.45.
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