ACRES Commercial Realty Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ACRES Commercial Realty Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	62.7	43.7	55.3	61.2	50.3	50.1	75.2	91.1	83.5	79.9
General and administrative	15.2	15.8	10.7	10.4	14.3	11.6	10.6	10.5	10.7	11.3
Operating expenses	77	33.8
Interest expense	53.7	57.7	67.6	83.8	58	61.6	82.3	131
Other non-operating income	14	44.2	-4.27	-3.27	-193	-7.31	3	1.27	17.2	11.5
Pre-tax income						33.9	10.8	21.9	28.8	27.9
Income tax	11	6.61	-0.34	0	0	0	0.34	0.1	0.13	-0.08
Income from continuing operations	-11.3	47.5	27.3	36.2	-198	33.9
Net income to minority interests	-0.23	-0.2	0		0	0	-0.2	-0.54	-0.57	6.66
Net income	-30.6	33.3	6.97	25.6	-208	33.9	10.4	21.8	28.7	28
EPS, basic	-5.27	0.55	0.67	2.45	-19.33	1.85	-1.00	0.35	1.19	0.03
EPS, diluted	-5.27	0.55	0.67	2.43	-19.33	1.85	-1.00	0.35	1.15	0.03
Shares, basic (weighted)	10	10.1	10.4	10.5	10.8	9.74	8.81	8.42	7.65	7.13
Shares, diluted (weighted)	10	10.2	10.5	10.6	10.8	9.76	8.81	8.57	7.92	7.41
Dividend per share	3.99	0.61	1.43	2.85			0.00	0.00	0.00	0.00

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	116	181	82.8	80	29.4	35.5	66.2	83.4	56.7	83.8
Lease right-of-use assets					5.59	5.95	20.3	19.9	19.9	19.5
Intangible assets	0.21	0			3.29	3.88	8.88	7.88	6.99	6.22
Total assets	2,054	1,912	2,131	2,454	1,654	2,284	2,377	2,196	1,881	2,162
Total liabilities	1,350	1,241	1,577	1,898	1,320	1,836	1,935	1,750	1,432	1,612
Total debt	1,191	1,163	1,579	1,892	1,331	1,840	1,885	1,691	1,368	1,551
Paid-in capital	1,218	1,188	1,083	1,085	1,086	1,180	1,174	1,170	1,163	1,142
Other comprehensive income	3.08	1.3	-3.06	1.82	-9.98	-8.13	-6.39	-4.8	-3.2	-1.6
Shareholders' equity	704	671	554	556	334	448	435	436	439	421
Minority interests	-1.21	0					5.85	10.4	10.5	130
Total equity	703	671	554	556	334	448	441	446	450	551
Total liabilities and equity	2,054	1,912	2,131	2,454	1,654	2,284	2,377	2,196	1,881	2,162
Shares outstanding	10.2	10.3	31.7	10.6	10.2	9.15	8.71	7.88	7.63	6.89

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-30.6	33.3	27.4	36	-198	33.9	10.4	21.8	28.7	28
Depreciation and amortization	-16.5	3.15	2.91	3.4	6.52	14	7.49	5.19	9.69	10.3
Stock-based compensation	3.03	2.74	2.72	2.21	3.14
Deferred income tax	8.29	4.76	-0.03	0	0	0
Change in payables	0.45	0.75	0.05	-4.16	-0.56	4.1	2.74	3.65	-3.46	-0.2
Cash from operations	-18.9	222	48.2	43.3	31.8	40.6	32.7	45.6	19.4	4.1
Capital expenditures	0	0
Acquisitions	0	-0.01	0
Purchases of investments	-17.4	-172	-243	-147	-24.6
Sales and maturities of investments	101	56.7	21.1	56.3	4.73	2.96	0	0
Cash from investing	267	62.2	-347	-313	245	-391	-233	161	299	-224
Debt issued	0	0
Stock issued	0.12	0	0				0	0	-0.08	0
Share buybacks	-9.48	0	0		-5.37	-18.4	-9.13	-7.41	-7.88	-22.3
Dividends paid	-52.4	-6.25	-11.1	-27.1	-8.77
Cash from financing	-247	-200	190	269	-303	566	20.7	-220	-353	248
Net change in cash	0.18	84.9	-109	-1.04	-26.7	216	-179	-12.9	-34.3	28.4
Free cash flow	-18.9	222
Interest paid	47	48.9	57.5	74	44.7	42.3	70	124	115	85.1
Income taxes paid	4.05	0.52	0				0.23	0.1	0.08	0.19

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.48 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	33.5%	Pre-tax income / revenue.
Net margin	26.3%	Net income / revenue.
Operating cash flow margin	4.1%	Cash from operations / revenue.
Effective tax rate	-0.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	5.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.9%	Net income / average total assets.
D&A / revenue	4.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-4.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-2.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	39.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-97.4%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-78.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-49.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-33.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-4.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-1.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	14.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-3.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-6.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-5.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-7.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	4.34x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	74.5%	Total debt / total assets.
Liabilities / assets	77.1%	Total liabilities / total assets.
Net debt	$1.75B	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	0.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$407.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.03x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.14	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$11.93	Revenue / diluted weighted shares.
Operating cash flow per share	$0.49	Cash from operations / diluted weighted shares.
Book value per share	$57.96	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$57.15	Tangible book value / shares outstanding.
Cash per share	$5.76	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$141.0M	Share price x shares outstanding.
Enterprise value	$1.89B	Market cap + total debt - cash - short-term investments.
P/E	6.71x	Market cap / net income. Only when net income is positive.
P/S	1.77x	Market cap / revenue.
P/B	0.34x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.35x	Market cap / tangible book value, when positive.
P/OCF	42.9x	Market cap / cash from operations, when positive.
EV/Sales	23.7x	Enterprise value / revenue.
Earnings yield	14.9%	Net income / market cap (the inverse of P/E).
Shareholder yield	9.1%	(Dividends paid + share buybacks) / market cap.

What was ACRES Commercial Realty Corp.'s revenue in fiscal 2025?

ACRES Commercial Realty Corp. reported revenue of $79.9M for fiscal 2025, 4.2% lower than the year before.

Was ACRES Commercial Realty Corp. profitable in fiscal 2025?

Yes. Net income was $28.0M, a net margin of 35%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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