Quarterly ResultApr 30, 2026, 06:27 AM
ACR Q1 GAAP Net Loss $(0.16)/share; EAD $0.02; $496M Loan Originations
AI Summary
ACRES Commercial Realty Corp. reported a GAAP net loss of $1.0 million, or $(0.16) per diluted share, for Q1 2026, while Earnings Available for Distribution (EAD) was $0.02 per share. The company's origination team added $496 million in high-quality loans to its portfolio and closed a $1 billion CRE CLO in February. ACR also realized a $3.3 million gain from the sale of a real estate investment, demonstrating active portfolio management and continued growth.
Key Highlights
- GAAP net loss allocable to common shares was $1.0 million, or $(0.16) per diluted share.
- Earnings Available for Distribution (EAD) was $0.02 per diluted share.
- Originated $496 million of high-quality loans in Q1 2026.
- Closed a $1 billion CRE CLO in February 2026.
- Realized a $3.3 million gain from the sale of a real estate investment.
- Book value per share was $29.98 at March 31, 2026.
- CRE loan portfolio at par value reached $2.2 billion, with 96.2% current on payments.
- Total liquidity stood at $86.8 million at quarter-end.