Acres Commercial Realty Corp SEC Filings

Form 4 filings from Eagle Point entities show disposition of ACRES Commercial Realty Corp. securities. The reporting persons are Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, each identified as a director and a 10% owner. The filings record three sales of 7.875% Series D preferred stock on 08/25/2025, 08/26/2025, and 08/27/2025 for 744, 850, and 1,349 shares respectively at prices around $22.30 each, reducing the reported Series D balance from 798,265 to 796,066. The report also shows beneficial ownership of 1,177,060 common shares and 393,646 shares of 8.625% Series C preferred, held indirectly through managed accounts, with explanatory footnotes about indirect pecuniary interest and disclaimer of beneficial ownership.

Filing records insider sales by Eagle Point-affiliated reporting persons in ACRES Commercial Realty Corp. (ACR). The report shows sales of 7.875% Series D preferred shares on 08/19/2025 (1,674 shares at a weighted average ~$22.30) and 08/21/2025 (4,291 shares at a weighted average ~$22.31). Following the transactions, the reporting persons report indirect beneficial ownership of 803,300 and 799,009 shares of Series D preferred stock (reflecting the sales) and indirect holdings of 1,177,060 common shares and 393,646 shares of 8.625% Series C preferred stock. Disclosures state the securities are held in managed accounts and the report disclaims beneficial ownership.

OCM XAN Holdings PT, LLC and related Oaktree entities disclosed ownership of 391,380 shares of ACRES Commercial Realty Corp. common stock, equal to 5.27% of the company. The filing states that the percentage is calculated using 7,426,314 shares outstanding as of August 4, 2025, per the issuer's filing dated August 5, 2025. The Schedule 13G identifies OCM XAN Holdings as the direct owner and Oaktree Capital Holdings, LLC and Oaktree Capital Group Holdings GP, LLC as indirect manager/owners who may be deemed to beneficially own the reported shares.

The statement discloses voting and dispositive powers for the reported shares, includes a joint filing agreement dated August 12, 2025, and is signed by authorized representatives.

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.