Andrew Fentress
appointed Andrew Fentress as the Company’s Managing Director – Capital Markets
Highest-materiality recent filing
Stockholders approve internalization merger share issuance, 2026 equity plan, and director slate
Approved issuance of ~7.49M shares of common stock for internalization merger with ACRES Capital Corp. (99% of votes cast in favor).
ACR to acquire external manager ACRES Capital Corp., become internally managed REIT
All-stock merger: ACC shareholders receive 2.61882 ACR shares per ACC share; ~7.5M new ACR shares issued at fully diluted book value.
ACR Q1 2026 GAAP net loss $1.0M ($0.16/diluted); originated $496M loans
GAAP net loss allocable to common shares of $1.0M, or -$0.16 per diluted share.
ACR Q4 2025 GAAP net loss $3.0M; origination activity $571M
GAAP net loss allocable to common shares $3.0M ($0.43 diluted EPS) for Q4 2025.
ACR reports Q3 GAAP net income $9.8M ($1.34 diluted EPS); redeploys proceeds into new loans
GAAP net income allocable to common shares was $9.8M ($1.34 per diluted share) for Q3 2025.
ACRES Commercial Realty reports Q1 net loss $5.9M, EPS $(0.80) per share-diluted
GAAP net loss allocable to common shares was $5.9 million, or $(0.80) per share-diluted for Q1 2025.
ACRES CFO Bryant retiring Dec 31; Blackwell appointed successor; Q3 net income $2.9M
David J. Bryant, CFO, to retire effective Dec 31, 2023 after 17 years.
ACRES Commercial Realty reports Q4 2022 GAAP net loss of $7.4M, or $0.87 per share
GAAP net loss allocable to common shares was $7.4 million ($0.87 diluted EPS) for Q4 2022.
ACRES Commercial Realty enters amended $500M term loan facility with MassMutual
Amended loan agreement ups facility to $500M from prior arrangement, with five-year maturity per series.
ACRES Commercial Realty amends credit facility covenants with JPMorgan and Morgan Stanley
JPM Amendment (Nov 17): Through Sep 2023, liquidity floor raised to $15M or 7.5% of repurchase price; max leverage 5.5:1; min EBITDA/interest 1.25:1.
ACR posts Q3 2022 GAAP net income of $713K, or $0.08 diluted EPS
GAAP net income allocable to common shares was $713,000 ($0.08 diluted EPS) for Q3 2022.
ACR reports Q4 net income $0.76/share; record $1.5B originations in 2021
GAAP net income allocable to common shares: Q4 2021 $7.3M ($0.76 diluted EPS).
ACR reports Q3 GAAP net loss of $9.8M, $1.03 EPS loss; originations top $1B YTD
GAAP net loss allocable to common shares of $9.8 million, or ($1.03) per diluted share, for Q3 2021.
ACRES Commercial Realty Corp. extends repurchase agreements with JPMorgan and Barclays
JPMorgan amendment: Maturity extended from Oct 26, 2021 to Oct 26, 2024; Tangible Net Worth Requirement increased to $350 million
ACRES repurchases $4M of 4.5% convertible notes; total $55.7M bought back
Repurchased $4.0M aggregate principal of 4.5% convertible notes due 2022 at par in private transaction.
Acres Commercial Realty repurchases $51.7M of 4.5% convertible notes due 2022
Repurchased ~$51.7M aggregate principal (plus accrued interest) of 4.5% convertible notes due 2022 at par in private transactions.
ACRES Commercial Realty redeems $50M 12% notes due 2027; incurs $8M charge
Paid $55.3M to Oaktree and MassMutual to redeem all $50M principal of 12% senior unsecured notes due 2027.
ACRES Commercial Realty Corp. issues $150M of 5.75% senior unsecured notes due 2026
Issued $150M in aggregate principal amount of 5.75% senior unsecured notes maturing August 15, 2026.
ACR prices $150M of 5.75% senior notes due 2026; will redeem $50M of 12% notes
$150M aggregate principal of 5.75% Senior Unsecured Notes due 2026 priced.
ACR Q2 net income $10.1M ($1.04/diluted); originated $470M CRE loans, $803M securitization
GAAP net income allocable to common $10.1M ($1.04/diluted) for Q2 2021; $20.5M ($2.06/diluted) for H1 2021.
appointed Andrew Fentress as the Company’s Managing Director – Capital Markets
On February 15, 2024, William B. Hart notified the board of directors (the "Board") of ACRES Commercial Realty Corp. (the “Company”) that he does not intend to stand for re-election at the Company’s 2024 Annual Meeting of Stockholders.
appointed David J. Bryant as a member of the Board effective January 1, 2024.
Mr. Bryant, age 65, has been the Company’s Senior Vice President, Chief Financial Officer and Treasurer since June 2006 through his planned retirement effective on December 31, 2023
On November 1, 2023, Eldron C. Blackwell was appointed as the Company's Chief Financial Officer, Senior Vice President and Treasurer, effective January 1, 2024.
On November 1, 2023, David J. Bryant, Chief Financial Officer, Senior Vice President and Treasurer, informed the Company of his intention to retire effective December 31, 2023.
Additionally, on November 1, 2023, Linda M. Kilpatrick was appointed as the Company's Chief Accounting Officer, Vice President and Controller, effective January 1, 2024.
Max materiality 0.90 · Median 0.50 · Most common event earnings