ACR Q3 2024 Earnings — ACRES Commercial Realty Corp. Revenue & Financial Results | Market Cap Arena

ACRACRES Commercial Realty Corp.

$139M

Q3 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$39M+63.7% YoY

Gross Profit

$27M68.1% margin

Operating Income

$34M85.6% margin

Net Income

$8M20.7% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

-22.7%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$8M

Stock-Based Comp.

$833,000

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$1.6B

Stockholders' Equity

$436M

Cash & Equivalents

$70M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$24M	+63.7%
Gross Profit	$27M	$2M	+979.3%
Operating Income	$34M	$7M	+351.5%
Net Income	$8M	$8M	+5.4%