ACRES Commercial Realty Corp. (ACR) Income Statement Analysis

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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)

Industry: REIT - Mortgage

Sector: Real Estate

Website: https://www.acresreit.com

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

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