See more : Union Materials Corp. (047400.KS) Income Statement Analysis – Financial Results
Complete financial analysis of ACRES Commercial Realty Corp. (ACR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of ACRES Commercial Realty Corp., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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ACRES Commercial Realty Corp. (ACR)
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income tax to the extent that it distributes 100% of its REIT taxable income. The company was formerly known as Exantas Capital Corp. and changed its name to ACRES Commercial Realty Corp. in February 2021. ACRES Commercial Realty Corp. was incorporated in 2005 and is based in Uniondale, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 80.23M | 70.01M | 44.86M | 19.49M | 47.52M | 36.62M | 45.96M | 29.75M | 123.92M | 112.30M | 91.59M | 107.72M | 95.98M | 85.33M | 52.71M | 53.20M | 54.79M | 26.75M | 18.64M |
| Cost of Revenue | 38.91M | 33.85M | 6.18M | 298.00K | 9.00M | 11.33M | 13.26M | 9.00K | 57.00K | 5.44M | 14.06M | 4.70M | 0.00 | 0.00 | 0.00 | 2.91M | 2.91M | 1.88M | 0.00 |
| Gross Profit | 41.32M | 36.15M | 38.68M | 19.19M | 38.52M | 25.29M | 32.71M | 29.74M | 123.86M | 106.86M | 77.53M | 103.02M | 95.98M | 85.33M | 52.71M | 50.29M | 51.88M | 24.87M | 18.64M |
| Gross Profit Ratio | 51.50% | 51.64% | 86.22% | 98.47% | 81.06% | 69.06% | 71.16% | 99.97% | 99.95% | 95.15% | 84.65% | 95.64% | 100.00% | 100.00% | 100.00% | 94.53% | 94.69% | 92.97% | 100.00% |
| Research & Development | 0.00 | 0.07 | 0.32 | 2.45 | 0.25 | 0.22 | 0.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 17.97M | 7.80M | 6.33M | 9.56M | 12.60M | 13.38M | 18.58M | 18.23M | 51.29M | 46.87M | 40.64M | 17.76M | 21.95M | 22.88M | 16.06M | 1.85M | 1.58M | 1.50M | 3.81M |
| Selling & Marketing | 2.58M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 20.55M | 7.80M | 6.33M | 9.56M | 12.60M | 13.38M | 18.58M | 18.23M | 51.29M | 46.87M | 40.64M | 17.76M | 21.95M | 22.88M | 16.06M | 1.85M | 1.58M | 1.50M | 3.81M |
| Other Expenses | 0.00 | 1.59M | 822.00K | 471.00K | 1.41M | 2.00M | -579.00K | 1.50M | 60.00K | -1.26M | 391.00K | 19.20M | 3.02M | -7.81M | -44.55M | 8.92M | 8.92M | 0.00 | -11.53M |
| Operating Expenses | 31.55M | 9.39M | 7.16M | 10.03M | 14.01M | 11.14M | 33.79M | 77.01M | 48.08M | 15.26M | 16.11M | 4.43M | 24.97M | 16.06M | 12.44M | 10.50M | 10.50M | 1.50M | -7.73M |
| Cost & Expenses | 70.46M | 67.41M | 7.16M | 10.03M | 14.01M | 11.14M | 33.79M | 77.02M | 48.14M | 15.26M | 16.11M | 9.13M | 24.97M | 16.06M | 12.44M | 13.42M | 13.42M | 3.38M | -7.73M |
| Interest Income | 187.47M | 126.27M | 101.03M | 108.24M | 144.89M | 122.78M | 99.32M | 112.62M | 158.08M | 126.91M | 117.98M | 133.33M | 110.19M | 103.91M | 97.59M | 134.34M | 177.00M | 136.75M | 61.39M |
| Interest Expense | 130.79M | 82.32M | 61.58M | 58.01M | 83.84M | 67.62M | 57.66M | 53.75M | 65.65M | 45.47M | 61.01M | 42.79M | 30.43M | 36.47M | 45.43M | 79.62M | 121.56M | 101.85M | 43.06M |
| Depreciation & Amortization | 91.00K | 65.11M | 4.60M | 62.46M | 110.04M | 30.29M | 92.97M | 104.42M | 4.86M | 2.74M | 3.86M | 5.89M | 4.62M | 4.00M | 1.36M | 3.38M | 4.09M | 3.73M | 2.81M |
| EBITDA | 149.96M | 88.44M | 0.00 | -136.79M | 38.21M | 93.21M | 89.82M | 13.73M | 0.00 | 0.00 | -10.51M | 68.62M | 69.47M | 0.00 | -22.03M | 0.00 | 0.00 | 19.34M | 13.72M |
| EBITDA Ratio | 186.92% | 143.67% | 106.79% | -981.16% | 75.79% | 266.58% | 219.64% | 60.23% | 59.08% | 95.47% | 120.47% | 118.57% | 75.81% | 71.24% | 100.78% | 149.79% | 246.16% | 453.05% | 304.70% |
| Operating Income | 20.67M | 93.09M | 33.92M | -197.71M | 35.97M | 94.70M | 47.46M | -14.34M | 18.93M | 62.17M | 46.45M | 45.25M | 68.15M | 17.21M | 19.81M | -3.32M | 9.23M | 15.61M | 10.91M |
| Operating Income Ratio | 25.77% | 132.97% | 75.61% | -1,014.64% | 75.69% | 258.64% | 103.25% | -48.22% | 15.27% | 55.36% | 50.72% | 42.01% | 71.00% | 20.17% | 37.58% | -6.23% | 16.84% | 58.34% | 58.53% |
| Total Other Income/Expenses | 1.27M | 2.91M | 0.00 | -54.40M | -3.32M | -5.28M | 6.61M | 14.00M | -41.43M | 13.04M | 23.43M | 33.82M | -16.66M | 27.93M | -29.77M | -45.60M | -32.79M | 0.00 | 0.00 |
| Income Before Tax | 21.95M | 10.76M | 33.92M | -197.71M | 36.22M | 26.96M | 54.07M | -342.00K | 18.93M | 59.96M | 45.41M | 79.05M | 52.82M | 6.34M | 6.34M | -3.32M | 9.23M | 15.61M | 0.00 |
| Income Before Tax Ratio | 27.35% | 15.37% | 75.61% | -1,014.64% | 76.22% | 73.64% | 117.64% | -1.15% | 15.27% | 53.39% | 49.58% | 73.38% | 55.03% | 7.43% | 12.02% | -6.23% | 16.84% | 58.34% | 0.00% |
| Income Tax Expense | 97.00K | 336.00K | -42.40M | -84.21M | 251.00K | -343.00K | 6.61M | 10.99M | 1.75M | -2.21M | -1.04M | 14.60M | 15.10M | 26.47M | -2.00K | -241.00K | 338.00K | 128.98M | 43.06M |
| Net Income | 22.39M | 10.62M | 33.92M | -197.71M | 35.97M | 27.43M | 33.54M | -30.37M | 10.56M | 61.20M | 46.45M | 64.44M | 37.72M | 19.45M | 6.34M | -3.07M | 8.89M | 15.61M | 10.91M |
| Net Income Ratio | 27.91% | 15.17% | 75.61% | -1,014.64% | 75.69% | 74.91% | 72.96% | -102.08% | 8.52% | 54.50% | 50.72% | 59.83% | 39.30% | 22.79% | 12.03% | -5.78% | 16.22% | 58.34% | 58.53% |
| EPS | 0.35 | -1.00 | 1.85 | -18.37 | 2.44 | 2.64 | 0.54 | -2.98 | -1.29 | 4.14 | 3.96 | 8.52 | 6.48 | 4.92 | 3.00 | -1.49 | 4.32 | 10.68 | 8.52 |
| EPS Diluted | 0.35 | -1.00 | 1.85 | -18.37 | 2.43 | 2.62 | 0.54 | -2.98 | -1.29 | 4.08 | 3.93 | 8.52 | 6.36 | 4.92 | 3.00 | -1.49 | 4.32 | 10.44 | 8.52 |
| Weighted Avg Shares Out | 8.42M | 8.81M | 9.74M | 10.76M | 10.48M | 10.40M | 10.28M | 10.18M | 10.75M | 10.67M | 9.87M | 7.37M | 5.87M | 3.98M | 2.10M | 2.06M | 2.05M | 1.46M | 1.28M |
| Weighted Avg Shares Out (Dil) | 8.57M | 8.81M | 9.76M | 10.76M | 10.56M | 10.46M | 10.36M | 10.18M | 10.76M | 10.77M | 10.00M | 7.44M | 5.90M | 3.99M | 2.11M | 2.06M | 2.07M | 1.49M | 1.28M |
ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR FOURTH QUARTER 2023 AND YEAR ENDED DECEMBER 31, 2023
UNIONDALE, N.Y. , Feb. 28, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR" or the "Company"), a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in...
ACRES Commercial Realty Corp. to Report Results for Fourth Quarter and Year Ended December 31, 2023
UNIONDALE, N.Y. , Feb. 14, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that it will release its results for the fourth quarter and year ended December 31, 2023, on Wednesday, February 28, 2024, after the...
ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock
UNIONDALE, N.Y. , Dec. 21, 2023 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that its Board of Directors declared cash dividends on its Preferred Stock.
3 mREIT Stocks to Buy Despite Unsettling Mortgage Market
High rates, credit spread volatility, spread widening and yield curve inversion challenge the Zacks REIT and Equity Trust industry. Amid this, LADR, MFA and ACR are poised to navigate industry hiccups.
Is ACRES Commercial Realty (ACR) Outperforming Other Finance Stocks This Year?
Here is how ACRES Commercial (ACR) and BTCS Inc. (BTCS) have performed compared to their sector so far this year.
Here Is Why Bargain Hunters Would Love Fast-paced Mover ACRES Commercial (ACR)
ACRES Commercial (ACR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
New Strong Buy Stocks for December 18th
ACR, PLAB, RYI, SHOP and TGB have been added to the Zacks Rank #1 (Strong Buy) List on December 18, 2023.
Best Value Stocks to Buy for December 18th
ACR, RYI and ATMU made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 18, 2023.
Pivot Pending
U.S. equity markets notched a fifth-straight week of gains as benchmark interest rates continued a decisive retreat after economic data and comments from Fed officials fueled bets on a pending pivot. Advancing for a fifth-straight week since dipping into "correction...
ACRES Commercial (ACR) Expands Share Buyback Program by $10M
ACRES Commercial's (ACR) additional $10 million authorization for common and preferred stock under its existing share repurchase program will boost investor confidence.
Source: https://incomestatements.info
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