ACRES Commercial Realty (ACR)
NYSE:ACR
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
-0.86Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple operational and balance-sheet positives: strong loan origination and net portfolio growth, a $1B CRE securitization, improved credit metrics (risk rating and fewer 4/5 loans), book value growth, accretive buybacks, and clear 2026 deployment plans. Offsetting these were a modest GAAP net loss, a fully reserved legacy mezzanine charge-off that caused a pronounced EAD swing for the quarter, smaller CECL reserve releases versus the prior quarter, some GAAP loss recognition on an REO sale, and noted compression in multifamily spreads. Overall, the company presented tangible execution on portfolio growth, credit remediation, and capital actions that, in management's view, position ACRES for resumed dividends and continued growth.Company Guidance
Strong Loan Origination and Net Portfolio Growth
Closed $571,000,000 of new commitments in Q4 2025 and, after payoffs and net unfunded commitments of $127,200,000, produced a net increase to the loan portfolio of $443,800,000. Portfolio ended the quarter at $1,800,000,000 across 53 investments.
Successful CRE Securitization Execution
Closed ACRES 2026-FL4 on Feb 12: a $1,000,000,000 deal with 86.5% leverage and a weighted average debt spread of 1.68%, enabling additional funding and reinvestment capacity.
Attractive New Loan Spreads and Floating Portfolio Yield
Weighted average spread on newly originated loans was 2.83%; weighted average spread of floating-rate loans in the $1.8B portfolio is 3.35% over 1-month Term SOFR. New originations had spreads ranging roughly 2.50%–3.25% with average loan sizes of $40M–$50M.
Material Improvement in Credit Quality
Weighted average risk rating improved to 2.7 from 3.0 (Q-o-Q improvement) and loans rated 4 or 5 fell from 13 to 10. The portion of the CRE portfolio rated 4 or 5 declined from 32% to 17% (a 15 percentage-point improvement).
Demonstrated Asset-Management Track Record
Since 2020, resolved 21 of 23 legacy 4/5 loans (par $368,000,000) with realized losses of $4,800,000 (1.3% of par). Management noted minimal realized losses on almost $8,000,000,000 of invested capital since inception.
Earnings-Available-for-Distribution (EAD) Excluding Legacy Charge-off
Excluding a fully reserved legacy mezzanine charge-off, EAD for Q4 2025 was $0.20 per share (versus an EAD loss when including the legacy charge-off).
Book Value Growth and Accretive Share Buybacks
Book value per share rose to $30.01 from $29.63 (Q-o-Q increase of $0.38, ~1.3%). Since assuming management in 2020, book value increased 66%. Repurchased $10,000,000 of common shares (493,000 shares) at ~33% discount to book value in the quarter; since Nov 2020 repurchased 5,300,000 shares at an average 49% discount.
Solid Liquidity Position and Tax Attributes
Available liquidity at December 31 was $108,000,000 (comprised of $84,000,000 unrestricted cash and $24,000,000 projected financing on unlevered assets). Net operating loss carryforward totaled $32,100,000 (~$4.89 per share) and management noted remaining NOLs and TRS NOLs to offset future taxable gains.
Forward Growth and Deployment Plans
Management projects net portfolio growth of $500,000,000 to $700,000,000 in 2026, expects about $500,000,000 of repayments in 2026, and has CLO reinvestment flexibility (up to 40% of assets outside multifamily) with a 30-month reinvestment period.
Sale of REO with Positive EAD Outcome
Sold an REO office property in Austin resulting in an EAD gain of $1,300,000 (noted alongside a GAAP presentation that reflected a separate net loss on the GAAP sale).
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
ACR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $18.98 | $19.19 | +1.11% |
Oct 29, 2025 | $18.91 | $20.80 | +9.99% |
Jul 30, 2025 | $19.11 | $19.68 | +2.98% |
Apr 30, 2025 | $19.33 | $18.62 | -3.67% |
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.
FAQ
When does ACRES Commercial Realty (ACR) report earnings?
ACRES Commercial Realty (ACR) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is ACRES Commercial Realty (ACR) earnings time?
ACRES Commercial Realty (ACR) earnings time is at May 06, 2026, After Close (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?
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What is ACR EPS forecast?
ACR EPS forecast for the fiscal quarter 2026 (Q1) is 0.17.