ACR · ACRES Commercial Realty Corp.

ACRES Commercial Realty Corp. announced its financial results for the first quarter ended March 31, 2026, reporting a GAAP net loss allocable to common shares of $1.0 million, or $(0.16) per diluted share. This compares to a book value per share of $29.98 at quarter-end, a slight decrease from $30.01 in the fourth quarter of 2025, though up from $28.50 in the first quarter of 2025. On a non-GAAP basis, Earnings Available for Distribution (EAD) per share-diluted was $0.02.

Operational activity was robust during the quarter. Management highlighted the origination of $496 million in new loans, which, combined with $571 million originated in the prior quarter, facilitated the closing of a $1 billion CRE CLO in February 2026. The portfolio remains heavily weighted towards multifamily assets, comprising 81% of the CRE loan portfolio. Credit performance appears stable, with 96.2% of the par value of the CRE loan portfolio current on payments. Additionally, the Company sold a 12-acre parcel of land during the quarter, resulting in a GAAP and EAD gain of $3.3 million.

The balance sheet shows total assets of $2.5 billion and total liquidity of $86.8 million as of March 31, 2026. The Company maintains a leverage ratio of 3.4x. Management commentary emphasized the dual focus on growing the portfolio through loans to high-quality sponsors in strong markets while actively managing existing assets to maximize shareholder value.