Every 10-Q that ACRES Commercial Realty Corp. (ACR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ACR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ACR filings page.
ACRES Commercial Realty Corp., a CRE-focused REIT, reported a Q2 2026 net loss allocable to common shares of $12,519 thousand, versus a $732 thousand loss a year earlier, with diluted EPS of $(1.87) versus $(0.10). Total revenues were $20,980 thousand, slightly below Q2 2025, while net interest income rose to $10,519 thousand from $8,567 thousand.
Operating expenses increased to $26,514 thousand from $17,511 thousand, driven by $5,111 thousand of merger and internalization costs and sharply higher equity compensation. For the first half of 2026, net loss allocable to common shares was $13,542 thousand and diluted EPS was $(2.04).
CRE loans, net, expanded to $2,107,765 thousand from $1,809,969 thousand, primarily multifamily (80.8% of the loan portfolio). The allowance for credit losses increased to $21,114 thousand, with a year-to-date provision of $716 thousand. A new CRE securitization, ACR 2026‑FL4, added $1,013,541 thousand of consolidated assets and $875,305 thousand of borrowings, lifting total assets to $2,406,678 thousand. Stockholders’ equity was $413,318 thousand, and the company recorded a $21.8 million valuation allowance against deferred tax assets because cumulative losses make future taxable income uncertain.
ACRES Commercial Realty Corp. reported Q1 2026 results with total revenues of $17.8 million, slightly above $17.0 million a year earlier, driven by higher interest income from its commercial real estate loan portfolio.
Net interest income rose to $9.2 million from $5.6 million, while real estate income declined to $8.5 million from $11.4 million. Operating expenses fell to $13.9 million, and a $3.3 million gain on the sale of land helped push net income to $7.5 million versus a prior-period loss.
After preferred dividends and non‑controlling interests, common shareholders recorded a net loss of $1.0 million, or $0.16 per share, improved from a $0.80 loss. The CRE loan portfolio expanded to $2.18 billion from $1.81 billion, supported by the new ACR 2026‑FL4 securitization, which issued $879.5 million of non‑recourse notes and can finance up to $1.0 billion of loans.
ACRES Commercial Realty Corp. (ACR) reported Q3 2025 results. Net income was $18,047k, with $9,782k allocable to common and diluted EPS of $1.34. Total revenues were $21,037k versus $22,353k a year ago, as net interest income was $8,371k compared to $10,459k. A reversal of credit losses of $3,960k and a $13,141k gain on the sale of investment in real estate supported results.
Real estate income was $12,632k (vs. $11,857k), while operating expenses totaled $15,959k (vs. $17,136k). On the balance sheet, total assets were $1,688,647k and borrowings were $1,187,932k. The company had no consolidated VIEs at September 30, 2025 following optional redemptions earlier in the year. Cash and restricted cash ended the period at $42,680k. The number of outstanding common shares on November 4, 2025 was 7,285,680.
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).