Acres Commercial Realty posted a GAAP net loss of $12.52 million, or $1.87 a share, for the quarter ended June 30, 2026.
Non-GAAP earnings available for distribution widened to a loss of $4.95 million, or $0.74 a share, from a profit of $286,000, or $0.04 a share, a year earlier.
Revenue slipped to $20.98 million from $21.87 million a year earlier, while net interest income rose to $10.52 million from $8.57 million.
Merger and internalization costs totaled $5.11 million, while equity compensation expense rose to $4.89 million from $585,000.
Book value per share fell to $26.76 at June 30, 2026 from $29.98 at March 31, 2026, with total liquidity of $82.7 million.
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