ACRES Commercial Realty Corp. (ACR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
390 RXR PLAZA UNIONDALE, NY 11556 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 83,449 | 66,232 | 35,500 | 29,355 | 79,958 | 82,816 | |||
| Cash and cash equivalents | 83,449 | 66,232 | 35,500 | 29,355 | 79,958 | 82,816 | |||
| Total current assets: | 83,449 | 66,232 | 35,500 | 29,355 | 79,958 | 82,816 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 19,879 | 20,281 | 5,951 | 5,592 | ✕ | ||||
| Long-term investments and receivables | 1,548 | 1,548 | 1,548 | 1,548 | 1,548 | 1,548 | |||
| Long-term investments | 1,548 | 1,548 | 1,548 | 1,548 | 1,548 | 1,548 | |||
| Intangible assets, net (including goodwill) | 7,882 | 8,880 | 3,877 | 3,294 | |||||
| Intangible assets, net (excluding goodwill) | 7,882 | 8,880 | 3,877 | 3,294 | |||||
| Total noncurrent assets: | 29,309 | 30,709 | 11,376 | 10,434 | 1,548 | 1,548 | |||
| Other undisclosed assets | 2,083,347 | 2,279,711 | 2,237,399 | 1,614,295 | 2,372,820 | 2,046,549 | |||
| TOTAL ASSETS: | 2,196,105 | 2,376,652 | 2,284,275 | 1,654,084 | 2,454,326 | 2,130,913 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,262 | 3,262 | 3,262 | 1,725 | 10,492 | 7,265 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 3,262 | 1,725 | 10,492 | 7,265 | ||
| Accrued liabilities | 3,262 | 3,262 | |||||||
| Total current liabilities: | 3,262 | 3,262 | 3,262 | 1,725 | 10,492 | 7,265 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,746,628 | 1,932,076 | 1,832,818 | 1,317,977 | 1,887,436 | 1,569,829 | |||
| Total liabilities: | 1,749,890 | 1,935,338 | 1,836,080 | 1,319,702 | 1,897,928 | 1,577,094 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 435,796 | 435,468 | 448,195 | 334,382 | 556,398 | 553,819 | |||
| Common stock | 8 | 9 | 9 | 10 | 32 | 32 | |||
| Additional paid in capital | 1,169,970 | 1,174,202 | 1,179,863 | 1,085,941 | 1,085,041 | 1,082,677 | |||
| Accumulated other comprehensive income (loss) | (4,801) | (6,394) | (8,127) | (9,978) | 1,821 | (3,057) | |||
| Other undisclosed equity, attributable to parent | (729,381) | (732,349) | (723,550) | (741,591) | (530,496) | (525,833) | |||
| Equity, attributable to noncontrolling interest | 10,419 | 5,846 | |||||||
| Total equity: | 446,215 | 441,314 | 448,195 | 334,382 | 556,398 | 553,819 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,196,105 | 2,376,652 | 2,284,275 | 1,654,084 | 2,454,326 | 2,130,913 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 91,131 | 75,170 | 50,075 | 50,311 | 61,150 | 55,283 | ||
| Cost of revenue | (59,855) | (56,746) | (40,303) | (11,224) | (13,306) | |||
| Provision for loan, lease, and other losses | (10,902) | (12,295) | (30,815) | (58) | 1,595 | |||
| Gross profit: | 31,276 | 18,424 | 50,075 | 10,008 | 49,926 | 41,977 | ||
| Operating expenses | (10,603) | (10,660) | (11,696) | (14,384) | (10,439) | (10,743) | ||
| Operating income (loss): | 20,673 | 7,764 | 38,379 | (4,376) | 39,487 | 31,234 | ||
| Nonoperating income (expense) | 1,272 | 2,998 | (7,306) | (193,337) | (3,270) | (4,271) | ||
| Other nonoperating income | 527 | 1,588 | 822 | 471 | 1,408 | 1,996 | ||
| Interest and debt expense | (130,791) | (460) | (9,006) | (58,008) | (83,837) | (67,616) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (108,846) | 10,302 | 22,067 | (255,721) | (47,620) | (40,653) | ||
| Loss from equity method investments | ||||||||
| Other undisclosed income from continuing operations before income taxes | 130,791 | |||||||
| Income (loss) from continuing operations before income taxes: | 21,945 | 10,302 | 22,067 | (255,721) | (47,620) | (40,653) | ||
| Income tax expense | (97) | |||||||
| Other undisclosed income from continuing operations | 460 | 11,856 | 58,008 | 83,837 | 67,616 | |||
| Income (loss) from continuing operations: | 21,848 | 10,762 | 33,923 | (197,713) | 36,217 | 26,963 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 33,923 | (197,713) | 35,354 | 31,307 | |
| Income (loss) from discontinued operations | (863) | 4,344 | ||||||
| Other undisclosed net income (loss) | (336) | 612 | (3,880) | |||||
| Net income (loss): | 21,848 | 10,426 | 33,923 | (197,713) | 35,966 | 27,427 | ||
| Net income attributable to noncontrolling interest | ||||||||
| Net income (loss) attributable to parent: | 21,848 | 10,426 | 33,923 | (197,713) | 35,966 | 27,427 | ||
| Other undisclosed net loss available to common stockholders, basic | (18,880) | (19,225) | (15,887) | (10,350) | (10,350) | (20,454) | ||
| Net income (loss) available to common stockholders, diluted: | 2,968 | (8,799) | 18,036 | (208,063) | 25,616 | 6,973 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 21,848 | 10,426 | 33,923 | (197,713) | 35,966 | 27,427 | ||
| Other undisclosed comprehensive income (loss) | 1,593 | 1,733 | 1,851 | (11,799) | 4,878 | (4,354) | ||
| Comprehensive income (loss): | 23,441 | 12,159 | 35,774 | (209,512) | 40,844 | 23,073 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 542 | 197 | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (19,422) | (19,422) | (15,887) | (10,350) | (10,350) | (20,454) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,561 | (7,066) | 19,887 | (219,862) | 30,494 | 2,619 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.