ACR NYSE Earnings call
ACRES Commercial Realty Corp. (ACR) · Q2 2026 results and valuation
Share price: $10.33 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 30 Jul 2026 and 30 Apr 2026
Net income turned to a loss from a profit last quarter. Management sounded cautious, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Turned loss
Net income vs Q1 2026
Outlook given
Net income -5.0M vs 7.5M
Revenue +17.7%
Why Net income fell primarily due to $5.1 million in internalization transaction costs and $4 million in accelerated vesting of restricted stock.
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: cautious, in line with the script.
Similar to last call.
3 · What stood out
Figure
ACR's total allowance for credit losses was $21.1 million at June 30, representing 0.99% or 99 basis points, showing its buffer against potential…
Valuation
Is ACRES Commercial Realty Corp. undervalued?
Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
The projected cash flow doesn't cover the debt, so the price is far above the model's fair value.
Current price
$10.33
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
out of range for 10 yrs
Fair value / share
$-245.22
Buy below
$-183.91
Price vs fair value
n/a
Price vs buy-below price
n/a
Read between the lines
-
Guidance
Still expects to meet the $500 million net growth target in the REIT for 2026.
Source quote
“We still anticipate meeting our target $500 million of net growth in the REIT for 2026.”
-
Guidance
The company expects to recognize additional transaction-related costs in the third quarter as it works to close the deal.
Source quote
“As such, we expect additional transaction related costs to be recognized in the third quarter as we diligently work to close the deal.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“there is a lot of opportunity out there and we are, you know, analyzing the best opportunities to put into the portfolio.”
“We chose this time for the transaction because we see ample opportunity to grow.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 21.0M | 17.8M | +17.7% | 21.9M | −4.1% |
| Operating income | -5.0M | 7.5M | Turned loss | 4.3M | Turned loss |
| Net income | -5.0M | 7.5M | Turned loss | 4.3M | Turned loss |
| EPS | -1.87 | -0.16 | Loss widened | -0.10 | Loss widened |
| P/E | 12-mo loss | 28.8 | — | 12-mo loss | — |
Topics
Most discussed now
- New ACRES Commercial Realty is getting the benefit of a good look at some really quality opportunities with good sponsors.
- GAAP net loss allocable to common shares in the second quarter was $12.5 million or $1.87 per share.
- ACRES Commercial Realty asks for your patience as it transitions the reporting from simply a REIT balance sheet to 1 that also...
- This increase in net interest income was primarily driven by the full quarter's impact of ACRES Commercial Realty's new CRE securitization.
Faded since Q1 2026
- Fading Since acquiring the ACR management contract in 2020, ACRES Commercial Realty has executed on its strategy to drive book value by…
- Fading Over time, that's one of the advantages of having essentially non-balance sheet-related earnings where you don't have to increase…
Latest announcements
Official filings, newest first.
- Material agreement; Agreement terminated · SEC 8-K
- Material agreement · SEC 8-K
- Material agreement; Agreement terminated; Acquisition or disposal; New financial obligation; Unregistered share sale; Director or officer change; Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Director or officer change; Shareholder vote results · SEC 8-K
- Auditor change · SEC 8-K