Acres Commercial Realty Corp SEC Filings

ACR’s Q2 2025 10-Q reveals a mixed quarter marked by contracting loan yields and higher operating costs. Total revenue inched up 4 % YoY to $21.9 M as stronger real-estate income (+31 %) offset a 30 % drop in interest income caused by a smaller CRE loan book ($1.39 B vs. $1.49 B at 12/24). Net interest income slid 20 % to $8.6 M and operating expenses rose 10 %, driving net income down 32 % to $4.3 M. After $5.3 M in preferred dividends, common shareholders posted a $0.7 M loss (-$0.10 EPS vs. +$0.21).

Balance-sheet deleveraging continued: assets fell 3 % to $1.82 B, borrowings declined 4 % to $1.31 B following the optional redemption of two securitizations, and no VIEs remain consolidated. Cash dropped to $42.7 M, while equity slipped to $435 M; book value approximates $61/share after repurchasing 0.49 M shares this year. Allowance for credit losses eased to 2.2 % of loans ($30.4 M) following a $0.8 M reversal.

Liquidity appears adequate with $44.9 M cash + restricted and positive operating cash flow of $7.2 M; however, distributions exceed cumulative earnings (-$727 M), leverage remains high at 7.5× equity, and five whole loans ($115.6 M) sit in maturity default. Management remains focused on multifamily exposure (75 % of portfolio) and continues to recycle capital via loan sales ($31.7 M) and new CRE-term reinvestment financing ($908 M funded, $19 M repaid).

Eagle Point Credit Management LLC and affiliate Eagle Point DIF GP I LLC, both 10% owners of ACRES Commercial Realty Corp. (ACR), filed a Form 4 disclosing two open-market sales of the company’s 7.875% Series D Preferred Stock.

• 07/30/2025: 1,727 shares sold at $22.20; Series D position fell to 817,982 shares.
• 07/31/2025: 13,008 shares sold at $22.30 (weighted-average 22.24-22.35); position fell to 804,974 shares.
• Total shares sold: 14,735, representing ≈1.8% of the reporter’s prior Series D holdings.

The entities retain sizable indirect stakes in ACR: 804,974 Series D preferred shares, 393,646 Series C preferred shares, and 1,177,060 common shares. All ownership is indirect through private funds/accounts managed by Eagle Point; the filers expressly disclaim beneficial ownership beyond their pecuniary interest.

No transactions were reported in common stock or Series C preferred. Given the modest scale of the sale relative to the overall preferred position and the absence of accompanying fundamental news, the filing signals routine portfolio rebalancing rather than a material change in insider sentiment.

ACRES Commercial Realty Corp. (ACR) – Form 4, filed 24 Jul 2025. 10% owner Eagle Point Credit Management LLC (together with affiliate Eagle Point DIF GP I LLC) disclosed two open-market sales of ACR’s 7.875% Series D preferred stock.

• 22 Jul 2025: sold 15,084 shares at a weighted-average $22.30.
• 23 Jul 2025: sold 100 shares at $22.32.

Post-sale indirect ownership of Series D preferred stands at 819,709 shares. The reporting persons also continue to hold 1,177,060 common shares and 393,646 Series C 8.625% preferred shares, all through managed funds/accounts. The filers disclaim beneficial ownership under Rule 16a-1(a)(4). Transactions were executed across prices ranging from $22.24 – $22.38.

No acquisitions, option exercises or derivative transactions were reported. The sales represent about 1.8 % of Eagle Point’s prior Series D position and do not alter its 10 %-owner status.

Form 4 overview: Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, both 10% owners of ACRES Commercial Realty Corp. (NYSE: ACR), disclosed two open-market sales of the company’s 7.875% Series D preferred stock.

Transactions: On 07/07/2025 they sold 273 shares at $22.20; on 07/08/2025 they sold 1,676 shares at the same price, for a combined 1,949 shares. After the trades, the reporting persons indirectly own 841,252 Series D preferred shares.

Remaining holdings: The entities also hold 1,177,060 shares of ACR common stock and 393,646 shares of 8.625% Series C preferred stock. No derivative transactions were reported.

Materiality: The sale represents roughly 0.2% of the insiders’ Series D position, indicating a modest portfolio adjustment rather than a strategic exit. The reporting persons expressly disclaim beneficial ownership beyond an "indirect pecuniary interest" under SEC rules.

ACRES Commercial Realty Corp. (Ticker: ACR) – Form 4 insider transaction

Eagle Point Credit Management LLC and its affiliate Eagle Point DIF GP I LLC, both classified as 10% owners and directors, filed a Form 4 disclosing small open-market sales of the issuer’s 7.875% Series D Preferred Stock.

• Transaction dates: 26 Jun 2025 (54 shares), 27 Jun 2025 (1,958 shares) and 30 Jun 2025 (56 shares).
• Average sale prices: US$22.48 – US$22.52 per share (weighted-average price range disclosed).
• Total shares sold: 2,068, representing roughly 0.24% of the reporting persons’ prior Series D position.
• Post-sale holdings (indirect): 843,201 Series D Preferred shares; 393,646 8.625% Series C Preferred shares; and 1,177,060 common shares.
• The securities are held by private investment funds and accounts managed by Eagle Point. The filers expressly disclaim beneficial ownership beyond any “indirect pecuniary interest.”

No derivative securities transactions were reported, and no changes were disclosed for the Series C Preferred or common stock holdings.

Investor takeaway: The filing records a very small percentage reduction in a large preferred equity stake by a significant insider. While insider selling can raise attention, the limited scale relative to remaining ownership suggests minimal immediate impact on the overall investment thesis for ACR.