ACRES Commercial Realty Corp. reported GAAP net income of $9.8 million for the quarter ended September 30 2025, translating to earnings per diluted share of $1.34. Revenue for the quarter was $21.04 million, slightly below the $22.25 million forecasted by analysts. The company’s net portfolio decreased by $46.8 million, with $106.4 million in new commitments offset by $153.2 million in payoffs and sales. A realized gain of $13.1 million from the sale of a commercial‑real‑estate equity investment contributed significantly to the earnings beat.
In comparison, ACRES posted GAAP net income of $2.8 million ($0.36 per share) in Q3 2024 and a net loss of $732,000 ($‑0.10 per share) in Q2 2025. Revenue in Q3 2024 was $20.12 million, while Q2 2025 revenue was $19.87 million, indicating a gradual recovery in top‑line performance.
The company authorized an additional $7.5 million for its share‑repurchase program on October 29 2025, reflecting confidence in the stock’s valuation. Book value per share rose to $29.63 from $27.93 in the prior quarter, a result of the strong earnings and ongoing repurchases.
ACRES continues to emphasize a strategic pivot toward loan origination, moving away from asset sales as the primary growth engine. The firm reported $106.4 million in new loan commitments for Q3 2025 and expects substantial new closings in Q4 2025 to drive portfolio growth. Management also highlighted plans to execute a collateralized loan obligation (CLO) in Q1 2026 as part of its expansion strategy.
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