ACRES Commercial Realty Corp. (ACR) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66,23235,50029,35579,95882,816181,668
Cash and cash equivalents66,23235,50029,35579,95882,816181,490
Short-term investments      178
Total current assets:66,23235,50029,35579,95882,816181,668
Noncurrent Assets
Operating lease, right-of-use asset20,2815,9515,592 
Long-term investments and receivables1,5481,5481,5481,5481,54812,051
Long-term investments1,5481,5481,5481,5481,54812,051
Intangible assets, net (including goodwill)8,8803,8773,294   
Intangible assets, net (excluding goodwill)8,8803,8773,294   
Regulated entity, other noncurrent assets      23,899
Total noncurrent assets:30,70911,37610,4341,5481,54835,950
Other undisclosed assets2,279,7112,237,3991,614,2952,372,8202,046,5491,694,457
TOTAL ASSETS:2,376,6522,284,2751,654,0842,454,3262,130,9131,912,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2623,2621,72510,4927,2655,581
Interest and dividends payable3,2621,72510,4927,2655,581
Accrued liabilities3,262     
Total current liabilities:3,2623,2621,72510,4927,2655,581
Noncurrent Liabilities
Other undisclosed liabilities1,932,0761,832,8181,317,9771,887,4361,569,8291,235,018
Total liabilities:1,935,3381,836,0801,319,7021,897,9281,577,0941,240,599
Equity
Equity, attributable to parent, including:435,468448,195334,382556,398553,819671,476
Common stock9910323231
Additional paid in capital1,174,2021,179,8631,085,9411,085,0411,082,6771,187,911
Accumulated other comprehensive income (loss)(6,394)(8,127)(9,978)1,821(3,057)1,297
Other undisclosed equity, attributable to parent(732,349)(723,550)(741,591)(530,496)(525,833)(517,763)
Equity, attributable to noncontrolling interest5,846     
Total equity:441,314448,195334,382556,398553,819671,476
TOTAL LIABILITIES AND EQUITY:2,376,6522,284,2751,654,0842,454,3262,130,9131,912,075

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues75,17050,07550,31161,15055,28343,709
Cost of revenue(56,746) (40,303)(11,224)(13,306)(1,772)
Provision for loan, lease, and other losses(12,295) (30,815)(58)1,595
Financial services costs(1,772)
Gross profit:18,42450,07510,00849,92641,97741,937
Operating expenses(10,660)(11,696)(14,384)(10,439)(10,743)(33,789)
Operating income (loss):7,76438,379(4,376)39,48731,2348,148
Nonoperating income (expense)2,998(7,306)(193,337)(3,270)(4,271)44,150
Other nonoperating income (expense)1,5888224711,4081,996(579)
Interest and debt expense(460)(9,006)(58,008)(83,837)(67,616)(10,365)
Income (loss) from continuing operations before equity method investments, income taxes:10,30222,067(255,721)(47,620)(40,653)41,933
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:10,30222,067(255,721)(47,620)(40,653)41,933
Income tax expense     (6,613)
Other undisclosed income from continuing operations 46011,85658,00883,83767,616 
Income (loss) from continuing operations:10,76233,923(197,713)36,21726,96335,320
Income (loss) before gain (loss) on sale of properties:33,923(197,713)35,35431,30735,320
Income (loss) from discontinued operations    (863)4,344 
Other undisclosed net income (loss)(336)  612(3,880)(1,979)
Net income (loss) attributable to parent:10,42633,923(197,713)35,96627,42733,341
Preferred stock dividends and other adjustments      (3,803)
Other undisclosed net loss available to common stockholders, basic(19,225)(15,887)(10,350)(10,350)(20,454)(23,861)
Net income (loss) available to common stockholders, diluted:(8,799)18,036(208,063)25,6166,9735,677

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):10,42633,923(197,713)35,96627,42733,341
Other undisclosed comprehensive income (loss)1,7331,851(11,799)4,878(4,354)(1,784)
Comprehensive income (loss):12,15935,774(209,512)40,84423,07331,557
Comprehensive income, net of tax, attributable to noncontrolling interest197    196
Other undisclosed comprehensive loss, net of tax, attributable to parent(19,422)(15,887)(10,350)(10,350)(20,454)(27,860)
Comprehensive income (loss), net of tax, attributable to parent:(7,066)19,887(219,862)30,4942,6193,893

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: