ACR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-04

• As previously reported, on April 29, 2026, we entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which we will acquire ACC in an all-stock transaction (the "Merger"). As a result of the Merger, among other things, we will acquire our Manager, and transition from an ex…

• Our net loss allocable to common shares for the three months ended June 30, 2026 was $12.5 million, or ($1.87) per share-basic ($1.87) per share-diluted) as compared to net loss allocable to common shares for the three months ended June 30, 2025 of $732,000 or ($0.10) per share-basic ($0.10 per shar…

• Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025

• Percent change is calculated as the net change divided by the respective interest income or interest expense for the six months ended June 30, 2025.

• Includes an increase in fee income of $781,000 recognized on our CRE whole loans that was due to changes in volume.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• As previously reported, on April 29, 2026, we entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which we will acquire ACC in an all-stock transaction (the “Merger”). As a result of the Merger, among other things, we will acquire our Manager, and transition from an ex…

• Our net loss allocable to common shares for the three months ended March 31, 2026 was $1.0 million or $(0.16) per share-basic ($(0.16) per share-diluted) as compared to net loss allocable to common shares for the three months ended March 31, 2025 of $5.9 million or $(0.80) per share-basic ($0.80) pe…

• Net Change in Interest Income for the Comparative three months ended March 31, 2026 and 2025:

• Aggregate interest income increased by $5.6 million for the comparative three months ended March 31, 2026 and 2025. We attribute the change to the following:

• CRE whole loans. The increase of $4.3 million for the comparative three months ended March 31, 2026 and 2025 was primarily attributable to an increase in the daily average par value of our CRE portfolio resulting from loan production, offset by a decrease in the benchmark rate over the comparative p…

Text added vs the prior filing · source: 10-Q · 2026-08-04

• We finance our target assets using our CRE debt securitizations, a CRE - term reinvestment financing facility, a senior secured financing facility, warehouse financing facilities, a mortgage payable and construction loans. Over time, as market conditions change, we may use other forms of leverage in…

• Our business model is such that rising interest rates will increase our net income, while declining interest rates will decrease net income, subject to the impact of interest rate floors. At June 30, 2026, 98.5% of our CRE loan portfolio by par value earned a floating rate of interest and may be fin…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• contractual arrangements. We mitigate this exposure by depositing our cash and cash equivalents and entering into financing agreements with high credit-quality institutions.

• We finance our target assets using our CRE debt securitizations, a CRE - term reinvestment financing facility, a senior secured financing facility, warehouse financing facilities, mortgage payable and construction loans. Over time, as market conditions change, we may use other forms of leverage in a…

• Our business model is such that rising interest rates will increase our net income, while declining interest rates will decrease net income, subject to the impact of interest rate floors. At March 31, 2026, 98.7% of our CRE loan portfolio by par value earned a floating rate of interest and may be fi…

Text added vs the prior filing · source: 10-Q · 2026-08-04

• On July 31, 2026, ACRES Realty Funding, Inc., a direct, wholly owned subsidiary of the Company, entered into a letter agreement with ACRES Capital Corp. (the "Letter Agreement") in connection with the $12.0 million loan to ACRES Capital Corp. evidenced by the promissory note from ACRES Capital Corp.…

• The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter Agreement, which has been filed with this Quarterly Report on Form 10-Q as Exhibit 10.6(c).