ACR Q2 2024 Earnings — ACRES Commercial Realty Corp. Revenue & Financial Results | Market Cap Arena

ACRACRES Commercial Realty Corp.

$139M

Q2 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$51M+134.0% YoY

Gross Profit

$49M96.8% margin

Operating Income

$35M68.8% margin

Net Income

$6M12.7% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+106.7%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

$7M

Stock-Based Comp.

$814,000

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.7B

Stockholders' Equity

$434M

Cash & Equivalents

$90M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$22M	+134.0%
Gross Profit	$49M	$11M	+337.8%
Operating Income	$35M	$5M	+541.7%
Net Income	$6M	$6M	+13.9%