ACR Q2 2023 Earnings — ACRES Commercial Realty Corp. Revenue & Financial Results | Market Cap Arena

ACRACRES Commercial Realty Corp.

$139M

Q2 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$22M+18.1% YoY

Gross Profit

$11M51.7% margin

Operating Income

$5M25.1% margin

Net Income

$6M26.1% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+8.5%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$15M

Stock-Based Comp.

$719,000

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.8B

Stockholders' Equity

$435M

Cash & Equivalents

$57M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$22M	$18M	+18.1%
Gross Profit	$11M	$9M	+21.7%
Operating Income	$5M	$21M	-74.4%
Net Income	$6M	$6M	+2.3%