$ACR
ACRES Commercial Realty Corp.

2023 Q4 Form 10-Q Financial Statement

#000095017023060179 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $55.86M $24.01M
YoY Change 31.4% 14.66%
Cost Of Revenue $35.11M $35.67M
YoY Change 14.18% 44.94%
Gross Profit $20.76M $21.89M
YoY Change -2.21% 13.63%
Gross Profit Margin 37.16% 91.2%
Selling, General & Admin $13.28M $12.17M
YoY Change 1.61% -5.84%
% of Gross Profit 63.96% 55.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.00K $1.313M
YoY Change -94.25% -23.97%
% of Gross Profit 0.11% 6.0%
Operating Expenses $14.42M $14.44M
YoY Change -40.7% -8.5%
Operating Profit $6.336M $7.454M
YoY Change -304.72% 113.83%
Interest Expense $33.42M $33.56M
YoY Change 16.31% 46.28%
% of Operating Profit 527.45% 450.16%
Other Income/Expense, Net $62.00K $113.0K
YoY Change -87.22% -94.35%
Pretax Income $6.398M $7.567M
YoY Change -345.13% 37.93%
Income Tax -$32.00K $0.00
% Of Pretax Income -0.5% 0.0%
Net Earnings $1.697M $7.567M
YoY Change -163.65% 37.93%
Net Earnings / Revenue 3.04% 31.52%
Basic Earnings Per Share $0.21 $0.34
Diluted Earnings Per Share $0.20 $0.33
COMMON SHARES
Basic Shares Outstanding 8.455M 8.492M
Diluted Shares Outstanding 8.593M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.45M $64.44M
YoY Change 25.99% 5.69%
Cash & Equivalents $83.45M $64.44M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $95.23M $76.87M
YoY Change 21.78% 8.89%
LONG-TERM ASSETS
Property, Plant & Equipment $177.5M $169.2M
YoY Change 25.66% 25.21%
Goodwill
YoY Change
Intangibles $7.882M $8.125M
YoY Change -11.24% -11.02%
Long-Term Investments $1.548M $1.548M
YoY Change 0.0% 0.0%
Other Assets $71.04M $98.04M
YoY Change -23.07% 41.6%
Total Long-Term Assets $2.101B $2.185B
YoY Change -8.6% -7.27%
TOTAL ASSETS
Total Short-Term Assets $95.23M $76.87M
Total Long-Term Assets $2.101B $2.185B
Total Assets $2.196B $2.261B
YoY Change -7.6% -6.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.96M $17.26M
YoY Change 34.38% 65.19%
Accrued Expenses $52.74M $49.73M
YoY Change 4.19% 5.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $70.66M $71.42M
YoY Change 8.25% 16.27%
LONG-TERM LIABILITIES
Long-Term Debt $1.676B $1.739B
YoY Change -10.22% -9.17%
Other Long-Term Liabilities $3.025M $3.025M
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $1.679B $1.742B
YoY Change -10.2% -9.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.66M $71.42M
Total Long-Term Liabilities $1.679B $1.742B
Total Liabilities $1.760B $1.813B
YoY Change -9.04% -8.37%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $8.000K $8.000K
YoY Change -11.11% -11.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $435.8M $437.7M
YoY Change
Total Liabilities & Shareholders Equity $2.196B $2.261B
YoY Change -7.6% -6.8%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $1.697M $7.567M
YoY Change -163.65% 37.93%
Depreciation, Depletion And Amortization $23.00K $1.313M
YoY Change -94.25% -23.97%
Cash From Operating Activities $9.385M $11.75M
YoY Change -31.47% 122.42%
INVESTING ACTIVITIES
Capital Expenditures $10.76M $12.08M
YoY Change 55.31% -470.16%
Acquisitions
YoY Change
Other Investing Activities $65.12M $45.38M
YoY Change -13.04% -192.03%
Cash From Investing Activities $54.36M $33.30M
YoY Change -20.0% -163.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -72.18M -17.10M
YoY Change 34.19% -126.72%
NET CHANGE
Cash From Operating Activities 9.385M 11.75M
Cash From Investing Activities 54.36M 33.30M
Cash From Financing Activities -72.18M -17.10M
Net Change In Cash -8.430M 27.95M
YoY Change -130.26% 67.25%
FREE CASH FLOW
Cash From Operating Activities $9.385M $11.75M
Capital Expenditures $10.76M $12.08M
Free Cash Flow -$1.373M -$327.0K
YoY Change -120.29% -103.83%

Facts In Submission

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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Earnings Per Share Diluted
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CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2023Q3 acr Comprehensive Income Loss Net Of Tax Attributable To Preferred Stockholders
ComprehensiveIncomeLossNetOfTaxAttributableToPreferredStockholders
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CY2022Q3 acr Comprehensive Income Loss Net Of Tax Attributable To Preferred Stockholders
ComprehensiveIncomeLossNetOfTaxAttributableToPreferredStockholders
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acr Comprehensive Income Loss Net Of Tax Attributable To Preferred Stockholders
ComprehensiveIncomeLossNetOfTaxAttributableToPreferredStockholders
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acr Comprehensive Income Loss Net Of Tax Attributable To Preferred Stockholders
ComprehensiveIncomeLossNetOfTaxAttributableToPreferredStockholders
14566000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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CY2023Q1 us-gaap Profit Loss
ProfitLoss
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CY2023Q1 acr Distributions And Accrual Of Cumulative Preferred Stock Dividends
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CY2023Q1 acr Amortization Of Terminated Derivatives
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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441785000
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2023Q2 acr Stock Issued During Period Value Share Based Compensation Adjustment To Additional Paid In Capital
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 acr Distributions And Accrual Of Cumulative Preferred Stock Dividends
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CY2023Q2 acr Amortization Of Terminated Derivatives
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2023Q3 acr Stock Issued During Period Value Share Based Compensation Adjustment To Additional Paid In Capital
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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482000
CY2023Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
1232000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 acr Distributions And Accrual Of Cumulative Preferred Stock Dividends
DistributionsAndAccrualOfCumulativePreferredStockDividends
4855000
CY2023Q3 acr Amortization Of Terminated Derivatives
AmortizationOfTerminatedDerivatives
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2022Q1 us-gaap Profit Loss
ProfitLoss
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CY2022Q1 acr Distributions And Accrual Of Cumulative Preferred Stock Dividends
DistributionsAndAccrualOfCumulativePreferredStockDividends
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CY2022Q1 acr Amortization Of Terminated Derivatives
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2022Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
5036000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
5522000
CY2022Q2 acr Distributions And Accrual Of Cumulative Preferred Stock Dividends
DistributionsAndAccrualOfCumulativePreferredStockDividends
4856000
CY2022Q2 acr Amortization Of Terminated Derivatives
AmortizationOfTerminatedDerivatives
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
447326000
CY2022Q3 acr Adjustments To Additional Paid In Capital Conversion Of Convertible Senior Notes
AdjustmentsToAdditionalPaidInCapitalConversionOfConvertibleSeniorNotes
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CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2022Q3 acr Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
2000
CY2022Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
5486000
CY2022Q3 acr Distributions And Accrual Of Cumulative Preferred Stock Dividends
DistributionsAndAccrualOfCumulativePreferredStockDividends
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CY2022Q3 acr Amortization Of Terminated Derivatives
AmortizationOfTerminatedDerivatives
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
13092000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
3996000
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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acr Share Based Compensation Nonemployee And Directors
ShareBasedCompensationNonemployeeAndDirectors
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acr Share Based Compensation Nonemployee And Directors
ShareBasedCompensationNonemployeeAndDirectors
2648000
acr Gains Losses On Extinguishment Of Debt Excluding Incurred On Cash Payments
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acr Gains Losses On Extinguishment Of Debt Excluding Incurred On Cash Payments
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
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us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36224000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19002000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
75002000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
543783000
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
194856000
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
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us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
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us-gaap Payments For Proceeds From Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
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us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
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us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
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us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
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us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
225000
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
225000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
106954000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2684000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8194000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
69000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
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us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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us-gaap Proceeds From Issuance Of Secured Debt
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acr Proceeds From Warehouse Financing Facilities And Repurchase Agreements
ProceedsFromWarehouseFinancingFacilitiesAndRepurchaseAgreements
11970000
acr Proceeds From Warehouse Financing Facilities And Repurchase Agreements
ProceedsFromWarehouseFinancingFacilitiesAndRepurchaseAgreements
405560000
acr Proceeds From Mortgage Payable
ProceedsFromMortgagePayable
144000
acr Proceeds From Mortgage Payable
ProceedsFromMortgagePayable
18710000
acr Proceeds From Construction Loans
ProceedsFromConstructionLoans
6106000
acr Payments Of Commercial Real Estate Notes Payable
PaymentsOfCommercialRealEstateNotesPayable
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acr Payments Of Commercial Real Estate Notes Payable
PaymentsOfCommercialRealEstateNotesPayable
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us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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acr Repayments Of Warehouse Financing Facilities And Repurchase Agreements
RepaymentsOfWarehouseFinancingFacilitiesAndRepurchaseAgreements
89704000
acr Repayments Of Warehouse Financing Facilities And Repurchase Agreements
RepaymentsOfWarehouseFinancingFacilitiesAndRepurchaseAgreements
94569000
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
-0
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
88010000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4891000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
646000
us-gaap Proceeds From Minority Shareholders
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us-gaap Proceeds From Minority Shareholders
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5036000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
14566000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
14566000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-147673000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74524000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4495000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104811000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283931000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100316000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0;font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:6.667%;font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and within the period of financial results. Actual results could differ from those estimates. Estimates affecting the accompanying consolidated financial statements include, but are not limited to, the net realizable and fair values of the Company’s investments and derivatives, the estimated useful lives used to calculate depreciation, the expected lives over which to amortize premiums and accrete discounts, reversals of or provisions for expected credit losses and the disclosure of contingent liabilities.</span></p>
CY2023Q3 acr Cash Balance In Excess Of Federal Deposit Insurance Limit Amount
CashBalanceInExcessOfFederalDepositInsuranceLimitAmount
60900000
CY2022Q4 acr Cash Balance In Excess Of Federal Deposit Insurance Limit Amount
CashBalanceInExcessOfFederalDepositInsuranceLimitAmount
63300000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64440000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60971000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
35876000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15979000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100316000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76950000
acr Investment In Real Estate Site Improvement Useful Life
InvestmentInRealEstateSiteImprovementUsefulLife
P10Y
acr Investment In Real Estate Tenant Improvements Useful Life Description
InvestmentInRealEstateTenantImprovementsUsefulLifeDescription
Shorter of lease term or expected useful life
CY2023Q3 acr Operating Loss Carryforwards Valuation Allowance Tax Expense Impact
OperatingLossCarryforwardsValuationAllowanceTaxExpenseImpact
20800000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18803000
CY2023Q3 us-gaap Change In Accounting Principle Accounting Standards Update Adopted
ChangeInAccountingPrincipleAccountingStandardsUpdateAdopted
true
CY2023Q3 us-gaap Change In Accounting Principle Accounting Standards Update Adoption Date
ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate
2023-09-30
CY2023Q3 us-gaap Change In Accounting Principle Accounting Standards Update Immaterial Effect
ChangeInAccountingPrincipleAccountingStandardsUpdateImmaterialEffect
false
us-gaap Interest Paid Net
InterestPaidNet
94433000
us-gaap Interest Paid Net
InterestPaidNet
46999000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
101000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
180000
acr Proceeds From Receipt Of Deed In Lieu Of Foreclosure On Loan
ProceedsFromReceiptOfDeedInLieuOfForeclosureOnLoan
20900000
acr Proceeds From Receipt Of Deed In Lieu Of Foreclosure On Loan
ProceedsFromReceiptOfDeedInLieuOfForeclosureOnLoan
14299000
acr Properties Held For Sale Assets Related To Receipt Of Deed In Lieu Of Foreclosure
PropertiesHeldForSaleAssetsRelatedToReceiptOfDeedInLieuOfForeclosure
20900000
acr Properties Held For Sale Assets Related To Receipt Of Deed In Lieu Of Foreclosure
PropertiesHeldForSaleAssetsRelatedToReceiptOfDeedInLieuOfForeclosure
14299000
acr Incentive Compensation Paid In Common Stock
IncentiveCompensationPaidInCommonStock
362000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
766000
CY2023Q3 acr Principal Paydowns Receivable
PrincipalPaydownsReceivable
0
CY2022Q4 acr Principal Paydowns Receivable
PrincipalPaydownsReceivable
0
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18803000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8805000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9779000
CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
12295000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
948000
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
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CY2022Q3 us-gaap Employee Benefits And Share Based Compensation
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acr Weighted Average Number Of Common Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestYearThree
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P2Y2M12D
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CY2023Q3 acr Related Party Transaction Incentive Compensation Shares Payable
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acr Comprehensive Income Loss Net Of Tax Attributable To Preferred Stockholders
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acr Comprehensive Income Loss Net Of Tax Attributable To Preferred Stockholders
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Securities Sold Under Agreements To Repurchase Gross
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CY2023Q3 us-gaap Securities Sold Under Agreements To Repurchase Asset
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CY2023Q3 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
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CY2023Q3 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
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CY2023Q3 us-gaap Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
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CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
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CY2022Q4 acr Securities Sold Under Agreements To Repurchase Amount Not Offset Against Collateral
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CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
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CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
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CY2023Q3 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
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