ACRES Commercial Realty
Originates and holds transitional commercial real estate loans through an externally managed REIT.
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Profile
Focuses on originating, holding, and managing commercial real estate mortgage loans, with selected CRE equity investments. Income comes mainly from spread earnings on interest-bearing assets, and operations rely on ACRES Capital while a proposed internalization remains subject to closing conditions.
Originates, holds, and manages commercial real estate mortgage loans, with CRE equity investments available through direct ownership and joint ventures. The strategy centers on transitional floating-rate loans to middle-market borrowers and is concentrated in US property markets such as multifamily, student housing, hospitality, office, and industrial assets.
Earns mainly from the spread between interest-bearing CRE assets and financing costs, with rental income possible from direct property holdings. ACRES Capital supplies the officers, portfolio managers, support staff, facilities, and operating-policy execution because the REIT reports no direct employees.
A proposed internalization would move the manager and management team into the company, subject to closing conditions. Until then, the business depends on ACRES Capital and on sourcing and financing suitable CRE mortgage loans in competitive markets.
Company facts
Categories
Key statistics
Year to date −31.8% · Average volume (30d) 30.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Oct 31, 2025 | JMP Securities | Target | $17.50 | $24.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.18 | −$0.74 | −518.8% | $20.3M | $21.0M | +3.2% | −3.61% |
| Apr 30, 2026Q1 FY26 | $0.02 | $0.02 | 0.0% | $20.6M | $17.8M | −13.3% | +3.56% |
| Mar 4, 2026Q4 FY25 | $0.14 | −$0.48 | −451.1% | $20.6M | $20.0M | −2.8% | +1.11% |
| Oct 29, 2025Q3 FY25 | $0.14 | $1.01 | +638.8% | $20.6M | $21.0M | +2.2% | +9.99% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $40.1M | $42.1M | $54.1M | $41.2M | $42.6M | $48.9M | |
| Gross profit | $18.7M | $22.7M | $38.1M | $19.9M | $40.1M | $36.7M | |
| Operating income | −$654.0K | $4.3M | $18.0M | $6.2M | $28.7M | −$5.0M | |
| Net income | −$546.0K | $4.6M | $15.1M | $2.2M | $4.1M | −$7.4M | |
| Diluted EPS | −$0.80 | −$0.10 | $1.34 | −$0.43 | −$0.16 | −$1.87 | |
| Gross margin | 46.7% | 53.8% | 70.5% | 48.2% | 94.1% | 75.2% | |
| Operating margin | -1.6% | 10.3% | 33.4% | 15.0% | 67.4% | -10.3% |
Fiscal years (4-quarter sums)FY21 $44.8M · FY22 $63.6M · FY23 $121.2M · FY24 $161.5M · FY25 $177.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $41.9M · Total debt $1.83B · Total assets $2.41B · Shareholders' equity $413.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 7.13M · Float —
Float — provider float is below the insider stake.
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Mark S. Fogel · 10 percent owner, officer: President | 1.45M | 20.29% | Form 4 | Aug 7, 2026 |
| Eagle Point Credit Management LLC | 1.18M | 16.51% | 13F | Aug 11, 2026 |
| Andrew Fentress · director, 10 percent owner, officer: COB & MD Capital Markets | 1.07M | 15.07% | Form 4 | Aug 7, 2026 |
| BlackRock, Inc. | 452.3K | 6.34% | 13F | Aug 7, 2026 |
| Jaclyn Jesberger · officer: SVP. CLO & Secretary | 354.2K | 4.97% | Form 4 | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −98 | $21.80 |
| Jul 31, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −84 | $21.80 |
| Jul 30, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −908 | $21.80 |
| Jul 29, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −2,212 | $21.80 |
| Jul 28, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −206 | $21.79 |
Peers
- Blackstone Mortgage Trust
Institutional senior CRE loans with major-market scale
- Starwood Property Trust
Diversified commercial mortgage REIT with broad CRE lending
- KKR Real Estate Finance Trust
Senior transitional CRE loans backed by KKR sponsorship
- Ares Commercial Real Estate
Flexible senior CRE loans and related debt investments
- Franklin BSP Realty Trust
Senior floating-rate CRE debt with agency multifamily reach
- BrightSpire Capital
CRE credit REIT centered on senior mortgage loans
- Ladder Capital
Middle-market CRE finance across loans, securities, and property
- TPG RE Finance Trust
Transitional first-mortgage CRE loans for institutional owners
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ACRES Commercial Realty | $13.96 | −0.64% | $99.6M | — | 13.1 | 0.5 | −50.2% |
| Blackstone Mortgage Trust | $13.75 | +0.18% | $2.31B | 171.6 | 10.9 | 1.5 | +18.1% |
| Starwood Property Trust | $15.85 | +0.27% | $5.86B | 23.2 | 9.4 | 2.9 | +7.9% |
| KKR Real Estate Finance Trust | $7.59 | +0.20% | $488.0M | — | — | 1.2 | −82.3% |
| Ares Commercial Real Estate | $4.65 | +0.11% | $258.0M | — | 50.3 | 2.6 | — |
| Franklin BSP Realty Trust | $8.46 | −0.06% | $702.6M | 19.1 | 8.0 | 1.3 | −45.4% |
| BrightSpire Capital | $4.75 | 0.00% | $601.0M | — | 7.8 | 1.8 | −0.9% |
| Ladder Capital | $9.82 | +0.10% | $1.25B | 23.4 | 9.0 | 3.3 | −40.9% |
| TPG RE Finance Trust | $7.73 | −0.06% | $593.4M | 14.3 | 7.2 | 2.2 | −58.7% |
| Median | 23.2 | 9.0 | 2.0 | −40.9% |