Quarterly ResultJul 29, 2026, 04:28 PM
ACRES Commercial Realty Q2 GAAP Net Loss $(1.87)/share
AI Summary
ACRES Commercial Realty Corp. reported a GAAP net loss allocable to common shares of $12.5 million, or $(1.87) per share-diluted, for the second quarter ended June 30, 2026. The company's Earnings Available for Distribution (EAD) was $(0.74) per share-diluted. Management highlighted a healthy pipeline for new loan opportunities and anticipates closing the previously announced internalization of management and acquisition of ACRES Capital Corp. in the third quarter of 2026, aiming to enhance shareholder value.
Key Highlights
- GAAP net loss allocable to common shares was $(1.87) per share-diluted for Q2 2026.
- Earnings Available for Distribution (EAD) was $(0.74) per share-diluted for Q2 2026.
- Book Value Per Share stood at $26.76 as of June 30, 2026.
- Total liquidity was $82.7 million at June 30, 2026.
- Net CRE loan repayments totaled $74.9 million during the quarter.
- The company incurred $5.1 million in merger and internalization costs.
- The internalization of management and acquisition of ACRES Capital Corp. is expected to close in Q3 2026.
Price Impact
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