ACRES Commercial Realty (ACR)
Originates and holds transitional commercial real estate loans through an externally managed REIT.
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Focuses on originating, holding, and managing commercial real estate mortgage loans, with selected CRE equity investments. Income comes mainly from spread earnings on interest-bearing assets, and operations rely on ACRES Capital while a proposed internalization remains subject to closing conditions.
Originates, holds, and manages commercial real estate mortgage loans, with CRE equity investments available through direct ownership and joint ventures. The strategy centers on transitional floating-rate loans to middle-market borrowers and is concentrated in US property markets such as multifamily, student housing, hospitality, office, and industrial assets.
Earns mainly from the spread between interest-bearing CRE assets and financing costs, with rental income possible from direct property holdings. ACRES Capital supplies the officers, portfolio managers, support staff, facilities, and operating-policy execution because the REIT reports no direct employees.
A proposed internalization would move the manager and management team into the company, subject to closing conditions. Until then, the business depends on ACRES Capital and on sourcing and financing suitable CRE mortgage loans in competitive markets.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Oct 31, 2025 | JMP Securities | Target | Target: $17.50 | Target: $24.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $41.9M · Total debt $1.83B · Total assets $2.41B · Shareholders' equity $413.3M
- Revenue
- $48.9M
- Operating income
- −$5.0M
- Net income
- −$7.4M
No dividends on record.
| Institutions | 42.86% | 3.06M shares | |
|---|---|---|---|
| 67 holders · as of Jun 30, 2026 | |||
| Insiders | 83.22% | 5.93M shares | |
| 15 holders · as of Sep 14, 2026 | |||
| Adds to | 126.08% | ||
7.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 126.08%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Andrew FentressInsiderdirector, 10 percent owner, officer: COB & MD Capital Markets | 26.95% | 1.92M | filed Aug 7, 2026 |
Martin E. ReasonerInsiderofficer: Managing Director-Originations | 21.53% | 1.54M | filed Aug 7, 2026 |
Mark S. FogelInsider10 percent owner, officer: President | 20.29% | 1.45M | filed Aug 7, 2026 |
Eagle Point Credit Management LLCInstitution | 16.51% | 1.18M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.34% | 452,330 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | David J. Bryant | director | −1,440 | $13.89 |
| Aug 4, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −98 | $21.80 |
| Jul 31, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −84 | $21.80 |
| Jul 30, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −908 | $21.80 |
| Jul 29, 2026 | Eagle Point Credit Management LLC | 10 percent owner | −2,212 | $21.80 |
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- Ladder Capital
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- TPG RE Finance Trust
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ACRES Commercial Realty | $12.41 | −0.32% | $89.6M | — | 9.0 | 0.5 | −50.2% |
| Blackstone Mortgage Trust | $13.14 | −0.08% | $2.24B | 165.9 | 10.9 | 1.5 | +18.1% |
| Starwood Property Trust | $15.18 | +0.56% | $5.56B | 22.0 | 9.0 | 2.7 | +7.9% |
| KKR Real Estate Finance Trust | $6.62 | +0.08% | $434.7M | — | — | 1.0 | −41.6% |
| Ares Commercial Real Estate | $4.45 | +0.23% | $243.0M | — | 20.4 | 2.5 | — |
| Franklin BSP Realty Trust | $7.75 | −0.45% | $640.3M | 17.5 | 7.4 | 1.1 | −45.4% |
| BrightSpire Capital | $4.28 | +0.12% | $528.9M | — | 7.1 | 1.6 | −2.8% |
| Ladder Capital | $9.41 | −0.05% | $1.20B | 22.5 | 8.7 | 3.2 | −40.9% |
| TPG RE Finance Trust | $7.19 | −0.28% | $553.5M | 13.3 | 6.7 | 2.1 | −58.7% |
| Median | 22.0 | 8.7 | 1.8 | −40.9% |