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ACR

ACRES Commercial Realty NYSE:ACR Stock Report

Last Price

US$8.61

Market Cap

US$71.9m

7D

-7.4%

1Y

-46.2%

Updated

27 Sep, 2022

Data

Company Financials +
ACR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ACR Stock Overview

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States.

ACRES Commercial Realty Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ACRES Commercial Realty
Historical stock prices
Current Share PriceUS$8.61
52 Week HighUS$16.45
52 Week LowUS$7.78
Beta1.72
1 Month Change-16.65%
3 Month Change5.52%
1 Year Change-46.19%
3 Year Change-74.58%
5 Year Change-73.60%
Change since IPO-94.88%

Recent News & Updates

Aug 05

ACRES Commercial Realty in green on significant Q2 revenue growth driven by NII and rental income

ACRES Commercial Realty (NYSE:ACR) beat its Q2 earnings and revenue estimates and also saw a significant Y/Y surge in revenues. Total revenues growth of 104% led by increase in net interest income to $11.27M from $7.09M in year ago quarter; real estate income multiplied more than three times to $8.78M. Net income narrowed to $5.52M from $13.64M in year ago quarter. Earnings available for distribution increased to $0.45/share from $0.10/share in year ago quarter. The company's book value saw a 2% increase to $24.48. Projected operating loss carryforwards of ~$63M, expected to be fully utilized; projected capital loss carryforwards of ~$139M, expected to be partially utilized.

Shareholder Returns

ACRUS Mortgage REITsUS Market
7D-7.4%-15.9%-5.8%
1Y-46.2%-38.5%-22.1%

Return vs Industry: ACR underperformed the US Mortgage REITs industry which returned -37.8% over the past year.

Return vs Market: ACR underperformed the US Market which returned -23.7% over the past year.

Price Volatility

Is ACR's price volatile compared to industry and market?
ACR volatility
ACR Average Weekly Movement5.8%
Mortgage REITs Industry Average Movement4.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: ACR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ACR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20054Mark Fogelhttps://www.acresreit.com

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments. The company qualifies as a real estate investment trust for federal income tax purposes.

ACRES Commercial Realty Fundamentals Summary

How do ACRES Commercial Realty's earnings and revenue compare to its market cap?
ACR fundamental statistics
Market CapUS$71.91m
Earnings (TTM)-US$4.61m
Revenue (TTM)US$65.09m

1.1x

P/S Ratio

-15.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACR income statement (TTM)
RevenueUS$65.09m
Cost of RevenueUS$20.25m
Gross ProfitUS$44.85m
Other ExpensesUS$49.45m
Earnings-US$4.61m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.55
Gross Margin68.90%
Net Profit Margin-7.08%
Debt/Equity Ratio411.8%

How did ACR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ACR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACR?

Other financial metrics that can be useful for relative valuation.

ACR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does ACR's PB Ratio compare to its peers?

ACR PB Ratio vs Peers
The above table shows the PB ratio for ACR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.7x
WMC Western Asset Mortgage Capital
0.5xn/aUS$70.3m
LOAN Manhattan Bridge Capital
1.5x17.6%US$63.5m
LFT Lument Finance Trust
0.6x51.0%US$115.4m
MITT AG Mortgage Investment Trust
0.4x123.4%US$105.1m
ACR ACRES Commercial Realty
0.2x179.2%US$71.9m

Price-To-Book vs Peers: ACR is good value based on its Price-To-Book Ratio (0.2x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does ACR's PE Ratio compare vs other companies in the US Mortgage REITs Industry?

Price-To-Book vs Industry: ACR is good value based on its Price-To-Book Ratio (0.2x) compared to the US Mortgage REITs industry average (0.7x)


Price to Book Ratio vs Fair Ratio

What is ACR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ACR's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ACR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACR ($8.61) is trading below our estimate of fair value ($18.92)

Significantly Below Fair Value: ACR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is ACRES Commercial Realty forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


179.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: ACR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ACR is expected to become profitable in the next 3 years.

Revenue vs Market: ACR's revenue (11% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: ACR's revenue (11% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ACR's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has ACRES Commercial Realty performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACR is currently unprofitable.

Growing Profit Margin: ACR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ACR is unprofitable, and losses have increased over the past 5 years at a rate of 16.3% per year.

Accelerating Growth: Unable to compare ACR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ACR is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-1.6%).


Return on Equity

High ROE: ACR has a negative Return on Equity (3.32%), as it is currently unprofitable.


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Financial Health

How is ACRES Commercial Realty's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ACR's short term assets ($2.2B) exceed its short term liabilities ($20.5M).

Long Term Liabilities: ACR's short term assets ($2.2B) exceed its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: ACR's net debt to equity ratio (404%) is considered high.

Reducing Debt: ACR's debt to equity ratio has increased from 152.1% to 411.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ACR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ACR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.8% per year.


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Dividend

What is ACRES Commercial Realty current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

ACRES Commercial Realty Dividend Yield vs Market
How does ACRES Commercial Realty dividend yield compare to the market?
SegmentDividend Yield
Company (ACRES Commercial Realty)0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Mortgage REITs)13.8%
Analyst forecast in 3 Years (ACRES Commercial Realty)n/a

Notable Dividend: Unable to evaluate ACR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ACR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: ACR is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ACR has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

8.5yrs

Average management tenure


CEO

Mark Fogel (53 yo)

2.17yrs

Tenure

Mr. Mark Steven Fogel has been the President and Chief Executive Officer of ACRES Commercial Realty Corp. since July 2020 and has been its Director since July 31, 2020. Mr. Fogel co-founded ACRES Capital i...


Leadership Team

Experienced Management: ACR's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: ACR's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:ACR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Sep 22BuyUS$69,531Eagle Point Credit Management LLCCompany7,795US$8.92
22 Sep 22BuyUS$265Eagle Point Credit Management LLCCompany29US$9.15
16 Sep 22BuyUS$217,994Eagle Point Credit Management LLCCompany23,415US$9.31
15 Sep 22BuyUS$103Eagle Point Credit Management LLCCompany11US$9.33
22 Aug 22BuyUS$3,800Eagle Point Credit Management LLCCompany400US$9.50
12 Aug 22BuyUS$139,357Eagle Point Credit Management LLCCompany14,838US$9.43
09 Aug 22BuyUS$1,309,450Eagle Point Credit Management LLCCompany141,255US$9.31
25 May 22BuyUS$19,975Jaclyn JesbergerIndividual2,030US$9.84

Ownership Breakdown

What is the ownership structure of ACR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders310,8023.7%
General Public3,991,03347.8%
Institutions4,049,54048.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 49.99% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.53%
Eagle Point Credit Management LLC
1,130,036$9.7m20.31%39.98%
9.82%
Punch & Associates Investment Management, Inc.
820,023$7.1m-1.79%0.51%
7.18%
ACRES Capital LLC
599,998$5.2m0%no data
4.3%
The Vanguard Group, Inc.
358,816$3.1m0%no data
1.72%
Barclays PLC Private Banking & Investment Banking Investment
144,023$1.2m0%no data
1.33%
BlackRock, Inc.
111,010$955.8k-2.46%no data
1.3%
Axonic Capital LLC
108,401$933.3k0%9.47%
1.18%
D. E. Shaw & Co., L.P.
98,504$848.1k2.55%no data
1.05%
Acadian Asset Management LLC
87,961$757.3k34.65%no data
1.03%
Andrew Fentress
86,201$742.2k18.24%no data
1.01%
Geode Capital Management, LLC
84,222$725.2k0%no data
0.91%
Benefit Street Partners L.L.C.
76,156$655.7k0%0.54%
0.79%
BMO Asset Management Corp.
65,757$566.2k0%no data
0.67%
William Hart
56,052$482.6k9.28%no data
0.59%
Lindbrook Capital, LLC
49,251$424.1k3.14%0.07%
0.48%
Susquehanna International Group, LLP, Asset Management Arm
39,962$344.1k107.72%no data
0.44%
Steven Kessler
36,565$314.8k14.97%no data
0.42%
David Bryant
35,201$303.1k0%no data
0.42%
State Street Global Advisors, Inc.
34,809$299.7k-1.14%no data
0.36%
Two Sigma Advisers, LP
30,467$262.3k-24.9%no data
0.36%
Securities America Advisors, Inc.
30,037$258.6k8.18%no data
0.29%
Northern Trust Global Investments
24,097$207.5k0.4%no data
0.28%
T. Rowe Price Group, Inc.
23,265$200.3k0%no data
0.26%
Murray Levin
22,095$190.2k27.47%no data
0.26%
Wealthsource Partners, LLC
21,610$186.1k0%0.01%

Company Information

ACRES Commercial Realty Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: ACRES Commercial Realty Corp.
  • Ticker: ACR
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$71.905m
  • Shares outstanding: 8.35m
  • Website: https://www.acresreit.com

Number of Employees


Location

  • ACRES Commercial Realty Corp.
  • 390 RXR Plaza
  • Suite 200 S
  • Uniondale
  • New York
  • 11556
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACRNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2006
R9LDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2006
ACR.PRCNYSE (New York Stock Exchange)8.625% CUM PFD CUSUSDJun 2014
ACR.PRDNYSE (New York Stock Exchange)7.875 CUM PFD DUSUSDMay 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.