{ "document": "acr-1q2026-earnings-presentation-final", "scans": [ { "page": 1, "status": "figures", "reason": "", "picture_classes": [ "photograph" ], "table_refs": [], "job_id": "cmsbb8fxp007jeq01h15uhmk1", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p1.ade.json", "figures": [ { "page": 1, "text": "\n\n26 TATION\n<::An image showing a multi-story residential building, likely townhouses or apartments, constructed with brick. The building features multiple windows, balconies with black railings, and decorative white pergolas over some balconies. A street light is visible in the foreground, and trees and bushes line the sidewalk. The image has a muted color palette with a light green background and blue-grey tones for the building and foliage.: image::>", "box": { "bottom": 1.0, "left": 0.4076836407184601, "right": 0.998748779296875, "top": 0.3272049129009247 }, "chunk_id": "7132d873-c15a-4fd0-a2f7-63675f2495c4", "job_id": "cmsbb8fxp007jeq01h15uhmk1", "picture_ref": "#/pictures/1" } ], "tables": [], "context": [ { "page": 1, "kind": "text", "text": "\n\nFIRST QUARTER 2026\nEARNINGS PRESENTATION", "box": { "bottom": 0.5389584302902222, "left": 0.03815999627113342, "right": 0.5526803731918335, "top": 0.3622134029865265 }, "chunk_id": "6aaf7243-6b91-4009-8a31-aef093a261db" }, { "page": 1, "kind": "text", "text": "\n\nApril 30, 2026", "box": { "bottom": 0.6443761587142944, "left": 0.042848311364650726, "right": 0.18119418621063232, "top": 0.585806131362915 }, "chunk_id": "7355d74f-faf8-4da7-8a64-5ec5f9246cad" } ] }, { "page": 6, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "pie_chart" ], "table_refs": [], "job_id": "cmsbb8fsc008mfo01jkw6qzrm", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p6.ade.json", "figures": [ { "page": 6, "text": "\n\n<::Summary of Changes to Book Value per Share:\nThis chart illustrates the changes in book value per share. \n\n- **Book Value - Dec '25**: $30.01\n- **Net Loss**: -$0.16 (represented by a red bar)\n- **Other Comprehensive Income**: +$0.05\n- **Equity Compensation and Vested Shares**: +$0.08\n- **Book Value - March '26**: $29.98\n: chart::>", "box": { "bottom": 0.48935866355895996, "left": 0.3540235459804535, "right": 0.9569587707519531, "top": 0.14051879942417145 }, "chunk_id": "4e0ab7c9-eeac-4ef2-a01f-233d379abf02", "job_id": "cmsbb8fsc008mfo01jkw6qzrm", "picture_ref": "#/pictures/9" }, { "page": 6, "text": "\n\nCapitalization\n<::\nTotal Capitalization: $2.4B\n\nPie chart showing capitalization breakdown:\n- 36%: Securitization Notes Payable (Non-Recourse)\n- 29%: Term Reinvestment Financing Facility\n- 23%: Stockholders' equity\n- 1%: Term warehouse financing facilities (limited recourse)\n- 2%: Senior secured financing facility (limited recourse)\n- 1%: Mortgage Payable (limited recourse)\n- 8%: Corporate Debt - TRUPS & 5.75% Notes (no guarantee)\n: chart::>\n", "box": { "bottom": 0.8741102814674377, "left": 0.35381296277046204, "right": 0.957242488861084, "top": 0.5245146155357361 }, "chunk_id": "2e1a2586-a59b-4632-976d-c15f5a2bc72c", "job_id": "cmsbb8fsc008mfo01jkw6qzrm", "picture_ref": "#/pictures/10" } ], "tables": [ { "page": 6, "cells": [ [ "1Q26 Balance Sheet Overview", "" ], [ "Total Assets ($B)", "$2.5" ], [ "Total Liquidity ($M)", "$86.8" ], [ "CRE Whole Loans, at par ($B) WA Spread", "$2.2 3.29%" ], [ "CECL Reserve - General ($M) Per BV Share¹ / Basis Points", "$19.4 $2.96/0.88%" ], [ "Investments in Real Estate and Properties Held for Sale, net² ($M) Number of Investments", "$106.3 5" ], [ "Total Borrowings, at cost ($B) Leverage Ratio", "$1.9 3.4x" ], [ "Asset Specific Borrowings, at par ($B) WA Spread", "$1.7 1.81%" ], [ "Corporate Debt, at par ($M) WA Coupon", "$201.5 6.30%" ], [ "Preferred and Common Equity³ ($M) Dividend %: WA Preferred / Common", "$224.0/$330.9 8.76% / NA" ] ], "cell_boxes": [ [ { "bottom": 0.18759608934548042, "left": 0.04801725450169155, "right": 0.33072446986497483, "top": 0.1464092563950898 }, null ], [ { "bottom": 0.2526691239550838, "left": 0.048017091619994866, "right": 0.23994181668601364, "top": 0.1875151127268864 }, { "bottom": 0.2527175339382995, "left": 0.23993043593847402, "right": 0.33073233253753315, "top": 0.18757008621615817 } ], [ { "bottom": 0.3190937183588405, "left": 0.048016925062759015, "right": 0.23993043593847402, "top": 0.2525668075704564 }, { "bottom": 0.31909716331728305, "left": 0.23991882345439453, "right": 0.33074034712157085, "top": 0.2526691239550838 } ], [ { "bottom": 0.3850040222662213, "left": 0.04801676033923489, "right": 0.23991882345439453, "top": 0.31908643931265945 }, { "bottom": 0.3850657058491993, "left": 0.2399073008796364, "right": 0.3307483120715549, "top": 0.3190937183588405 } ], [ { "bottom": 0.4515345076269461, "left": 0.048016593731908835, "right": 0.2399073008796364, "top": 0.38487372323140423 }, { "bottom": 0.45159187477525864, "left": 0.23989566988348227, "right": 0.33075634434857354, "top": 0.3850040222662213 } ], [ { "bottom": 0.534911424916165, "left": 0.04801638473639803, "right": 0.23989566988348227, "top": 0.4514133599964175 }, { "bottom": 0.5349253677388924, "left": 0.23988109375948324, "right": 0.3307664059184974, "top": 0.4515345076269461 } ], [ { "bottom": 0.6011977365633098, "left": 0.048016218899530345, "right": 0.23988109375948324, "top": 0.5348819907252927 }, { "bottom": 0.601237450098179, "left": 0.2398695054502794, "right": 0.33077441234700194, "top": 0.534911424916165 } ], [ { "bottom": 0.667465227134762, "left": 0.0480160527637638, "right": 0.2398695054502794, "top": 0.6011139218117714 }, { "bottom": 0.6674416424142543, "left": 0.23985792455454408, "right": 0.3307824043993842, "top": 0.6011977365633098 } ], [ { "bottom": 0.7334963474505848, "left": 0.04801588758775824, "right": 0.23985792455454408, "top": 0.6674416424142543 }, { "bottom": 0.7335262737768834, "left": 0.23984637673528386, "right": 0.3307903847154009, "top": 0.6674304643099936 } ], [ { "bottom": 0.8660911011984265, "left": 0.048015555428230106, "right": 0.23984637673528386, "top": 0.7334332230959434 }, { "bottom": 0.8659303226702475, "left": 0.23982322435561754, "right": 0.3308063617878503, "top": 0.7334963474505848 } ] ], "box": { "bottom": 0.8660911011984265, "left": 0.048015555428230106, "right": 0.3308063617878503, "top": 0.1464092563950898 }, "chunk_id": "cd07b4d1-fffe-40ab-8474-ffe70cf3f147", "job_id": "cmsbb8fsc008mfo01jkw6qzrm", "table_ref": null, "picture_ref": null, "table_id": null } ], "context": [ { "page": 6, "kind": "text", "text": "\n\nBALANCE SHEET OVERVIEW", "box": { "bottom": 0.12828047573566437, "left": 0.043859705328941345, "right": 0.3880135416984558, "top": 0.07023809850215912 }, "chunk_id": "a370b4d6-42e9-42a4-b437-56c6bebab820" }, { "page": 6, "kind": "text", "text": "\n\n1 Per share adjustments are calculated based on the share count outstanding of 6,558,865 utilized in the calculation of book value at March 31, 2026\n2 Investments in real estate and properties held for sale are shown net of related financings and real estate related lease obligations\n3 Includes $134.3 million of non-controlling interests", "box": { "bottom": 0.9466415047645569, "left": 0.08310924470424652, "right": 0.5307493209838867, "top": 0.8918461203575134 }, "chunk_id": "3163c3ca-8e6c-4bc7-8544-4363a8cae255" }, { "page": 6, "kind": "text", "text": "\n\nACRESREIT.COM (6)", "box": { "bottom": 0.9693993926048279, "left": 0.8389714360237122, "right": 0.9555361866950989, "top": 0.9242270588874817 }, "chunk_id": "5fe2373c-122d-4cd6-a202-2126f4dd4084" } ] }, { "page": 7, "status": "figures", "reason": "", "picture_classes": [ "table", "bar_chart", "geographical_map", "pie_chart" ], "table_refs": [], "job_id": "cmsbb8ftk0047fm016sbe4ypc", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p7.ade.json", "figures": [ { "page": 7, "text": "\n\nBalance by Region ¹,³\n<::Map of the United States showing different regions colored to represent balance percentages:\nPacific: 10.3%\nMountain: 13.0%\nWest North Central: 3.7%\nSouthwest: 16.9%\nNortheast: 12.6%\nMid Atlantic: 10.4%\nEast North Central: 14.1%\nSoutheast: 19.0%\n: map::>", "box": { "bottom": 0.4876489043235779, "left": 0.5095160603523254, "right": 0.9564761519432068, "top": 0.1391630321741104 }, "chunk_id": "b5d5fbdf-b0c8-4b63-9879-f77e437fd9fb", "job_id": "cmsbb8ftk0047fm016sbe4ypc", "picture_ref": "#/pictures/16" }, { "page": 7, "text": "\n\n<::Loan Portfolio Activity, at par 1,4\n\nWaterfall chart showing loan portfolio activity:\n- Loan Portfolio Dec '25: $1,838 (Loan Count: 53)\n- New loans: $471\n- Payoffs and paydowns: -$111\n- Future Fundings: $14\n- Loan Portfolio March '26: $2,212 (Loan Count: 60)\n: chart::>", "box": { "bottom": 0.8762607574462891, "left": 0.044136807322502136, "right": 0.49003320932388306, "top": 0.5255016088485718 }, "chunk_id": "5c2a3df9-34f9-49e6-8bd8-636b8440d245", "job_id": "cmsbb8ftk0047fm016sbe4ypc", "picture_ref": "#/pictures/14" }, { "page": 7, "text": "\n\nProperty Type ¹\n<::pie chart showing property type distribution:\n- 81.5% Multifamily\n- 10.9% Office\n- 4.7% Hotel\n- 2.2% Mixed-Use\n- 0.7% Self-storage\n: pie chart::>", "box": { "bottom": 0.8771111965179443, "left": 0.5113711357116699, "right": 0.9562147855758667, "top": 0.5264356136322021 }, "chunk_id": "077ff014-4a3d-4c67-82c1-c36f92412cf4", "job_id": "cmsbb8ftk0047fm016sbe4ypc", "picture_ref": "#/pictures/17" } ], "tables": [ { "page": 7, "cells": [ [ "CRE Loan Summary ¹", "" ], [ "Loans held for investment, at amortized cost", "$2,202.8" ], [ "CECL Reserves", "($19.4)" ], [ "CRE whole loans, floating-rate WA", "1M SOFR + 3.29%" ], [ "WA 1M SOFR Floor²", "2.13%" ], [ "WA CRE loan portfolio LTV", "76%" ], [ "Total number of CRE loans", "60" ], [ "Average CRE loan size, at par", "$36.9" ], [ "WA Risk Rating, at par", "2.5" ] ], "cell_boxes": [ [ { "bottom": 0.1876101847481824, "left": 0.047817803019062355, "right": 0.48649405618827896, "top": 0.14627773684608628 }, null ], [ { "bottom": 0.2236785692272128, "left": 0.04782192667059622, "right": 0.3642947171425629, "top": 0.1875932144943342 }, { "bottom": 0.22367221942516602, "left": 0.364284353662724, "right": 0.48650022315730046, "top": 0.18760545740476542 } ], [ { "bottom": 0.2605493931745978, "left": 0.04782552830942177, "right": 0.364284353662724, "top": 0.22367221942516602 }, { "bottom": 0.26048290731068624, "left": 0.3642737764220628, "right": 0.4865065146089301, "top": 0.22366976714222717 } ], [ { "bottom": 0.29752526019119163, "left": 0.04782920834504958, "right": 0.3642737764220628, "top": 0.26048290731068624 }, { "bottom": 0.29747901707061664, "left": 0.3642631459019901, "right": 0.48651284308108117, "top": 0.26045722588014053 } ], [ { "bottom": 0.334258160551975, "left": 0.04783289886490843, "right": 0.3642631459019901, "top": 0.29747901707061664 }, { "bottom": 0.3342063804873857, "left": 0.3642525926039122, "right": 0.48651912388864554, "top": 0.2974611514982201 } ], [ { "bottom": 0.3710312574492203, "left": 0.04783656513453759, "right": 0.3642525926039122, "top": 0.3342063804873857 }, { "bottom": 0.37096562873159844, "left": 0.36424203014399803, "right": 0.4865254095996949, "top": 0.3341863721175896 } ], [ { "bottom": 0.4079100417242, "left": 0.047840235416138015, "right": 0.36424203014399803, "top": 0.37096562873159844 }, { "bottom": 0.4078361419929178, "left": 0.3642314357130197, "right": 0.48653171470786366, "top": 0.37094026445897466 } ], [ { "bottom": 0.4449228213824269, "left": 0.0478439162462772, "right": 0.3642314357130197, "top": 0.4078361419929178 }, { "bottom": 0.44492277641532674, "left": 0.3642207791814489, "right": 0.4865380622074586, "top": 0.4078075758921794 } ], [ { "bottom": 0.4819733866164136, "left": 0.047847610450345454, "right": 0.3642207791814489, "top": 0.44492277641532674 }, { "bottom": 0.4818502130436302, "left": 0.36421016839402126, "right": 0.48654436945545854, "top": 0.44492275902999173 } ] ], "box": { "bottom": 0.48197338661641353, "left": 0.047817803019062355, "right": 0.48654436945545854, "top": 0.14627773684608628 }, "chunk_id": "0dc55eea-e2d7-4652-943a-2f214530e458", "job_id": "cmsbb8ftk0047fm016sbe4ypc", "table_ref": null, "picture_ref": null, "table_id": null } ], "context": [ { "page": 7, "kind": "text", "text": "\n\nCRE LOAN PORTFOLIO OVERVIEW", "box": { "bottom": 0.12882259488105774, "left": 0.04266560077667236, "right": 0.4605863094329834, "top": 0.06981097161769867 }, "chunk_id": "c62e66c8-0708-4d80-baf9-f698d3c5aa30" }, { "page": 7, "kind": "text", "text": "\n\n1 All $ amounts are in millions and the percentages for region and property type disclosures are based on total carrying value of the CRE loans\n2 At March 31, 2026, all CRE whole loans are indexed to SOFR and the WA benchmark rate was 3.69%\n3 Texas (15.0%) and Florida (12.0%) were the states with the highest concentrations. Based on regions identified by the National Council of Real Estate Investment Fiduciaries (NCREIF)\n4 ACRES originated 9 new loan commitments and purchased two loan commitments for a total of $495.6 million during the three months ended March 31, 2026", "box": { "bottom": 0.9471823573112488, "left": 0.08218073844909668, "right": 0.6345762610435486, "top": 0.8783066868782043 }, "chunk_id": "5fc0d506-9ae6-4a64-9a95-1eda3c16a89d" }, { "page": 7, "kind": "text", "text": "\n\nACRESREIT.COM (7)", "box": { "bottom": 0.9699282050132751, "left": 0.8386706113815308, "right": 0.9561374187469482, "top": 0.9239270091056824 }, "chunk_id": "29db8549-49c4-49b6-afb9-59c91c60f361" } ] }, { "page": 8, "status": "figures", "reason": "", "picture_classes": [ "bar_chart" ], "table_refs": [], "job_id": "cmsbb8fsl0046fm013r3x0i3m", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p8.ade.json", "figures": [ { "page": 8, "text": "\n\nFully Extended Loan and Interest Rate Cap Maturities ($ in millions at par)\n<::bar chart: Fully Extended Loan and Interest Rate Cap Maturities ($ in millions at par)\nY-axis: $0 to $1,000 (in $200 increments)\nX-axis: Years (2026-2032)\n\nLegend:\n- Dark green: Fully Extended Loan Maturities\n- Light green: Interest Rate Cap Maturities\n\nData:\n- 2026: Fully Extended Loan Maturities: $308, Interest Rate Cap Maturities: $280\n- 2027: Fully Extended Loan Maturities: $350, Interest Rate Cap Maturities: $590\n- 2028: Fully Extended Loan Maturities: $43, Interest Rate Cap Maturities: $402\n- 2029: Fully Extended Loan Maturities: $344, Interest Rate Cap Maturities: $104\n- 2030: Fully Extended Loan Maturities: $626, Interest Rate Cap Maturities: $0\n- 2031: Fully Extended Loan Maturities: $452, Interest Rate Cap Maturities: $0\n- 2032: Fully Extended Loan Maturities: $27, Interest Rate Cap Maturities: $0::>", "box": { "bottom": 0.8606106638908386, "left": 0.05071106553077698, "right": 0.9507614374160767, "top": 0.28532856702804565 }, "chunk_id": "0a1e2640-4f44-4be2-9786-96c3373cc0de", "job_id": "cmsbb8fsl0046fm013r3x0i3m", "picture_ref": "#/pictures/19" } ], "tables": [], "context": [ { "page": 8, "kind": "text", "text": "\n\nCRE LOAN PORTFOLIO MATURITY PROFILE", "box": { "bottom": 0.13087621331214905, "left": 0.042064934968948364, "right": 0.5618524551391602, "top": 0.06942003220319748 }, "chunk_id": "c271b96b-34e0-4495-bdc3-bd92ff273bfc" }, { "page": 8, "kind": "text", "text": "\n\n3.3 years\nFully extended weighted average loan maturity ¹,²\n\n74%\nof the par value of the portfolio has interest rate caps or debt service reserves in place at March 31, 2026 ³,´,µ", "box": { "bottom": 0.26320964097976685, "left": 0.03473907709121704, "right": 0.9521109461784363, "top": 0.15519559383392334 }, "chunk_id": "600dd9d1-2427-42a2-83d6-54a72561dfd2" }, { "page": 8, "kind": "text", "text": "\n\n1 Excludes three loans in maturity default at March 31, 2026\n2 Fully-extended maturity basis assumes borrower elects and qualifies for all extensions\n3 Interest rate caps are contractually owned by the underlying borrower and supplement the property cash flows that collateralize the floating rate CRE loan portfolio\n4 Interest rate caps have maturities from April 2026 through March 2029\n5 Seven loans funded debt service reserves in lieu of purchasing an interest rate cap", "box": { "bottom": 0.9484761953353882, "left": 0.07831026613712311, "right": 0.5768929719924927, "top": 0.8657269477844238 }, "chunk_id": "a2115e2b-dffa-4f0c-b6ed-17223dc728d3" }, { "page": 8, "kind": "text", "text": "\n\nACRESREIT.COM 8", "box": { "bottom": 0.9694573879241943, "left": 0.8387682437896729, "right": 0.9559853076934814, "top": 0.9243223667144775 }, "chunk_id": "b30dd1da-9159-46fd-ab53-cadbcbce7a5c" } ] }, { "page": 9, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "bar_chart", "bar_chart" ], "table_refs": [], "job_id": "cmsbb8fss007ieq01bl23l52v", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p9.ade.json", "figures": [ { "page": 9, "text": "\n\n<::W.A. Risk Rating by Collateral Type, $ at par\n\nLegend:\noption 4Q25 W.A. Risk Rating: [ ] 2.7\noption 1Q26 W.A. Risk Rating: [ ] 2.5\n\nBar chart data:\n\n| Collateral Type | 4Q25 Risk Rating | 4Q25 Amount | 1Q26 Risk Rating | 1Q26 Amount |\n|---|---|---|---|---|\n| Multifamily | 2.6 | $1.5B | 2.5 | $1.8B |\n| Office | 3.1 | $235.2M | 3.1 | $241.4M |\n| Hotel | 3.3 | $58.4M | 2.7 | $103.3M |\n| Self-Storage | 4.0 | $15.9M | 4.0 | $16.0M |\n| Mixed-Use | 2.0 | $25.0M | 2.0 | $47.8M |\n: chart::>", "box": { "bottom": 0.4645809829235077, "left": 0.04449823498725891, "right": 0.9551929235458374, "top": 0.2398701012134552 }, "chunk_id": "26f7009b-6ae6-425b-874f-3d147aff09ad", "job_id": "cmsbb8fss007ieq01bl23l52v", "picture_ref": "#/pictures/22" }, { "page": 9, "text": "\n\nCECL Reserve Overview\n<::\noption Specific CECL Reserve: [ ]\noption General CECL Reserve: [ ]\n\nBar chart comparing CECL Reserves for 4Q25 and 1Q26.\n\n4Q25:\n Total Reserve: $20.4M\n Breakdown:\n 43% Risk Rated 4 - 5\n 57% Risk Rated 1 - 3\n\n1Q26:\n Total Reserve: $19.4M\n Breakdown:\n 49% Risk Rated 4 - 5\n 51% Risk Rated 1 - 3\n: bar chart::>", "box": { "bottom": 0.8970869779586792, "left": 0.04579092562198639, "right": 0.4874904751777649, "top": 0.5095899105072021 }, "chunk_id": "43964e85-f50c-44a3-962f-7b3e36c1ac40", "job_id": "cmsbb8fss007ieq01bl23l52v", "picture_ref": "#/pictures/23" }, { "page": 9, "text": "\n\n<::1Q26 Risk Rating Overview²\nLoan Count\nRisk Rating 1: 1\nRisk Rating 2: 34\nRisk Rating 3: 15\nRisk Rating 4: 9\nRisk Rating 5: 1\n\nBar Chart:\nX-axis: Risk Rating (1 to 5)\nY-axis: Percentage\nRisk Rating 1: 1%\nRisk Rating 2: 69%\nRisk Rating 3: 16%\nRisk Rating 4: 14%\nRisk Rating 5: 0%³\n: chart::>", "box": { "bottom": 0.8963218927383423, "left": 0.5115725994110107, "right": 0.954391598701477, "top": 0.5093284845352173 }, "chunk_id": "782e683b-3249-48ff-8c3c-3b4d7680f979", "job_id": "cmsbb8fss007ieq01bl23l52v", "picture_ref": "#/pictures/24" } ], "tables": [], "context": [ { "page": 9, "kind": "text", "text": "\n\nCRE LOAN RISK RATINGS AND CECL RESERVES", "box": { "bottom": 0.1304594725370407, "left": 0.043315738439559937, "right": 0.5994806289672852, "top": 0.07126177847385406 }, "chunk_id": "f7d6865f-088f-4a9d-a41e-682d9d9c56ee" }, { "page": 9, "kind": "text", "text": "\n\n86%", "box": { "bottom": 0.21515654027462006, "left": 0.04662448540329933, "right": 0.11628389358520508, "top": 0.15985824167728424 }, "chunk_id": "cb5aa0b0-db1e-458d-a002-0a07831c7529" }, { "page": 9, "kind": "text", "text": "\n\nof ACR's loans have a risk rating of 1, 2 or 3 that are\nperforming in line with or near underwritten expectations 1,2", "box": { "bottom": 0.2177385687828064, "left": 0.12166321277618408, "right": 0.4370870590209961, "top": 0.1577155590057373 }, "chunk_id": "d1db3d1d-0204-4cb0-a0d4-6e6645ce317c" }, { "page": 9, "kind": "text", "text": "\n\n56 of ACR's 60 loans, or 96%, are current on contractual payments at\nMarch 31, 2026", "box": { "bottom": 0.21825601160526276, "left": 0.518413782119751, "right": 0.877358078956604, "top": 0.16002719104290009 }, "chunk_id": "045c68b4-1cef-41e1-a68d-78f2f3fdb6fe" }, { "page": 9, "kind": "text", "text": "\n\n1 See page 21 for additional information on the risk rating definitions\n2 Percentage represents the Company's economic interest in the CRE loans.\n3 Amount is less than 0.5%.", "box": { "bottom": 0.9475458264350891, "left": 0.0842842161655426, "right": 0.3111657500267029, "top": 0.8981463313102722 }, "chunk_id": "136b49ec-967f-482f-a5ff-58c634ec4537" }, { "page": 9, "kind": "text", "text": "\n\nACRESREIT.COM (9)", "box": { "bottom": 0.9694066047668457, "left": 0.8383405208587646, "right": 0.9555051326751709, "top": 0.9247118234634399 }, "chunk_id": "d6c6ae76-9096-4708-ad5a-40671790f7af" } ] }, { "page": 10, "status": "figures", "reason": "", "picture_classes": [ "photograph", "photograph", "photograph" ], "table_refs": [], "job_id": "cmsbb8fte008nfo012f0jvpk5", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p10.ade.json", "figures": [ { "page": 10, "text": "\n\nSelect Investment Highlights\n<::photo of a hotel building with a brick facade\n: photo::> Hotel $39.8M ³\n* 279-key hotel next to a convention center\n* Equity via lending activities in the northeast region\n* Acquired the deed in November 2020\n* Reclassified to held for sale as of September 30, 2022\n<::photo of a modern hotel building with a covered entrance and light-colored facade\n: photo::> Hotel $29.1M ³\n* 388-key hotel next to a convention center\n* Equity investment in the north central region\n* Conversion to a Hilton hotel and stabilization\n* Acquired in April 2022 ", "box": { "bottom": 0.598360002040863, "left": 0.04366081953048706, "right": 0.9351940155029297, "top": 0.32364732027053833 }, "chunk_id": "3b2cebf8-4a70-41a0-860f-095aecbabbb5", "job_id": "cmsbb8fte008nfo012f0jvpk5", "picture_ref": "#/pictures/28" } ], "tables": [], "context": [ { "page": 10, "kind": "text", "text": "\n\nINVESTMENTS IN REAL ESTATE PROPERTIES", "box": { "bottom": 0.13032332062721252, "left": 0.04157009720802307, "right": 0.5736411809921265, "top": 0.07090892642736435 }, "chunk_id": "3a69b4c0-83df-4888-85a0-be6216537642" }, { "page": 10, "kind": "text", "text": "\n\n$106.3 million\nof net investments in real estate\nand properties held for sale ¹,²", "box": { "bottom": 0.30718913674354553, "left": 0.04271090030670166, "right": 0.935562252998352, "top": 0.1468586027622223 }, "chunk_id": "c0ffdbd0-2f29-41b1-8a36-bf8850f50b16" }, { "page": 10, "kind": "text", "text": "\n\nRealized Land Sale 1Q26\n\n<::visual content::>\n\n* 12-acre parcel of land\n* Equity investment in the northeast region\n* Acquired in November 2021 for $14.2M\n* Sold in March 2026 for $20.0M\n* GAAP and EAD gain of $3.3M recorded in 1Q26", "box": { "bottom": 0.8707117438316345, "left": 0.04326939582824707, "right": 0.934251606464386, "top": 0.6100566983222961 }, "chunk_id": "500f7095-e308-438c-8533-53751b4eabdc" }, { "page": 10, "kind": "text", "text": "\n\n1 Investments in real estate comprise five properties, two of which are held at depreciated/amortized cost basis and three of which are held for sale at lower of cost or fair value. Images exclude three REO properties totaling $37.4 million3.\n2 Depreciation and amortization expense on investments in real estate is $1.2 million for the 1st quarter of 2026.\n3 Represents GAAP net equity basis value at March 31, 2026.", "box": { "bottom": 0.9469708204269409, "left": 0.08237585425376892, "right": 0.7994389533996582, "top": 0.8920040130615234 }, "chunk_id": "3ade4b42-ac2b-44b1-8578-46a26d7859e5" }, { "page": 10, "kind": "text", "text": "\n\nACRESREIT.COM (10)", "box": { "bottom": 0.9696246385574341, "left": 0.8381614089012146, "right": 0.9571494460105896, "top": 0.9243720769882202 }, "chunk_id": "ce338a19-7d80-46e7-a348-9f4a37a72472" } ] }, { "page": 11, "status": "figures", "reason": "", "picture_classes": [ "pie_chart" ], "table_refs": [], "job_id": "cmsbb8pqd0048fm01gdwt1jf0", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p11.ade.json", "figures": [ { "page": 11, "text": "\n\nOutstanding Financing\n<::table::>\n| 99% | Non-Mark-to-Market |\n|---|---|\n| 1% | Term Warehouse Financing |\n| 47% | Securitizations |\n| 38% | Term Reinvestment Financing |\n| 8% | Senior Unsecured Notes |\n| 2% | Senior Secured Financing |\n| 3% | Trust Preferred Securities |\n| 1% | Mortgages Payable |\n<::chart: A pie chart representing the percentages of outstanding financing types. The largest portion, approximately 99%, represents 'Non-Mark-to-Market' financing, which is further broken down into smaller segments within the chart. The 'Non-Mark-to-Market' segment is colored light green, while the outer ring is light blue. The smaller segments within the 'Non-Mark-to-Market' section are: Term Warehouse Financing (1%, dark gray), Securitizations (47%, medium green), Term Reinvestment Financing (38%, light green), Senior Unsecured Notes (8%, darker green), Senior Secured Financing (2%, dark green), Trust Preferred Securities (3%, dark green), and Mortgages Payable (1%, dark gray).::>", "box": { "bottom": 0.8199412226676941, "left": 0.04230213165283203, "right": 0.41340506076812744, "top": 0.4602532982826233 }, "chunk_id": "ee858590-8609-4830-b688-f8c8f3ba5afa", "job_id": "cmsbb8pqd0048fm01gdwt1jf0", "picture_ref": "#/pictures/32" } ], "tables": [ { "page": 11, "cells": [ [ "Total Capitalization ($ in Millions)", "$2,419.6" ], [ "Corporate WACC ¹", "5.94%" ], [ "Total Asset Specific Financing", "$1,663.5" ], [ "WA Asset Specific Debt Spread", "SOFR + 1.81%" ], [ "Term/Senior Secured Avail.", "$974.8" ], [ "Recourse Debt Leverage", "1.8x" ], [ "Total Corporate Leverage", "3.4x" ] ], "cell_boxes": [ [ { "bottom": 0.18268199693704135, "left": 0.04879054036469431, "right": 0.2892618294213083, "top": 0.14613587531488054 }, { "bottom": 0.1826861745759057, "left": 0.2892509346860507, "right": 0.40832999999580877, "top": 0.14621973626475526 } ], [ { "bottom": 0.2174963741945679, "left": 0.04879519127277576, "right": 0.2892509346860507, "top": 0.1826735610523943 }, { "bottom": 0.21750374556262217, "left": 0.28924053232985036, "right": 0.40834086773142153, "top": 0.18268199693704135 } ], [ { "bottom": 0.26340445441366056, "left": 0.04879962199923861, "right": 0.28924053232985036, "top": 0.21748149280536466 }, { "bottom": 0.263367436747665, "left": 0.2892268262931624, "right": 0.40835517760766693, "top": 0.2174963741945679 } ], [ { "bottom": 0.3090406782782304, "left": 0.04880546756578058, "right": 0.2892268262931624, "top": 0.263367436747665 }, { "bottom": 0.3089376216449784, "left": 0.2892132101571646, "right": 0.4083693913772281, "top": 0.26334909456066924 } ], [ { "bottom": 0.35425987605013476, "left": 0.0488112766332706, "right": 0.2892132101571646, "top": 0.3089376216449784 }, { "bottom": 0.35421180248353373, "left": 0.28919968246565153, "right": 0.40838353147679224, "top": 0.3088865412119399 } ], [ { "bottom": 0.3892183584936637, "left": 0.04881703261721181, "right": 0.28919968246565153, "top": 0.35421180248353373 }, { "bottom": 0.3891862554348058, "left": 0.2891892322796603, "right": 0.4083944506509208, "top": 0.354187967182996 } ], [ { "bottom": 0.4350721134843374, "left": 0.04882148250737946, "right": 0.2891892322796603, "top": 0.3891862554348058 }, { "bottom": 0.43503303138146276, "left": 0.28917553349968494, "right": 0.4084087598903237, "top": 0.389170334612877 } ] ], "box": { "bottom": 0.4350721134843374, "left": 0.04879054036469431, "right": 0.40840875989032366, "top": 0.14613587531488054 }, "chunk_id": "0273e305-7bde-41a4-bbbf-30cbded6fc0a", "job_id": "cmsbb8pqd0048fm01gdwt1jf0", "table_ref": null, "picture_ref": null, "table_id": null }, { "page": 11, "cells": [ [ "$ in Millions", "Capitalization", "", "", "", "" ], [ "", "Capacity", "Amount³", "$ Avail.", "W. Avg. Coupon", "Leverage Ratio" ], [ "Term Reinvestment Financing ²", "$749.1", "$709.2", "$37.3", "SOFR + 1.75%", "1.3x" ], [ "Term Warehouse Financing ²", "500.0", "18.9", "480.4", "SOFR + 4.00%", "-" ], [ "Senior Secured Financing ²", "500.0", "41.7", "457.1", "SOFR + 3.77%", "0.1x" ], [ "Mortgages Payable ²", "20.2", "20.2", "", "SOFR + 3.80%", "0.1x" ], [ "Senior Unsecured Notes", "150.0", "149.7", "", "5.75%", "0.2x" ], [ "Trust Preferred Securities", "51.5", "51.5", "", "SOFR + 3.95%", "0.1x" ], [ "Total Recourse Debt", "$1,970.8", "$991.2", "$974.8", "", "1.8x" ], [ "Securitizations ²", "873.5", "873.5", "", "SOFR + 1.68%", "1.6x" ], [ "Total Leverage", "$2,844.3", "$1,864.7", "$974.8", "5.58%", "3.4x" ], [ "Preferred Equity", "", "224.0", "", "8.76%", "" ], [ "Common Equity", "", "196.6", "", "", "" ], [ "Non-controlling interests", "", "134.3", "", "", "" ], [ "Total Capitalization", "", "$2,419.6", "", "5.94% ¹", "" ] ], "cell_boxes": [ [ { "bottom": 0.242148925326635, "left": 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"bottom": 0.7083473527467649, "left": 0.912216733085689, "right": 0.9799046651871188, "top": 0.6721630508710078 } ] ], "box": { "bottom": 0.7084092620660201, "left": 0.4363047753833218, "right": 0.9799378436891857, "top": 0.14594925171815834 }, "chunk_id": "5c1e7caa-10f0-43d2-8962-d59a02a87256", "job_id": "cmsbb8pqd0048fm01gdwt1jf0", "table_ref": null, "picture_ref": null, "table_id": null } ], "context": [ { "page": 11, "kind": "text", "text": "\n\nCAPITALIZATION OVERVIEW", "box": { "bottom": 0.1292465329170227, "left": 0.04257035255432129, "right": 0.3917348384857178, "top": 0.06842070817947388 }, "chunk_id": "511ab433-b4fe-4c8c-9498-df21f6498ae1" }, { "page": 11, "kind": "text", "text": "\n\n1 Weighted average cost of capital (\"WACC\") calculation excludes the impact of common equity in the denominator\n2 Asset-specific borrowings total $1.7 billion, of which securitizations are 53%\n3 Includes $10.9 million of unamortized deferred debt issuance costs and discounts on borrowings", "box": { "bottom": 0.9438981413841248, "left": 0.07850760221481323, "right": 0.42613160610198975, "top": 0.8870895504951477 }, "chunk_id": "a5c70a0f-8866-42ce-be6b-5ce2e0aeea2a" }, { "page": 11, "kind": "text", "text": "\n\nACRESREIT.COM (11)", "box": { "bottom": 0.9692068099975586, "left": 0.8392109870910645, "right": 0.9558424949645996, "top": 0.9243519306182861 }, "chunk_id": "9db2b3ef-bd45-40b2-a4f9-85f223ac1045" } ] }, { "page": 12, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "bar_chart" ], "table_refs": [], "job_id": "cmsbb8qky007leq01kjvmisd8", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p12.ade.json", "figures": [ { "page": 12, "text": "\n\n<::Leverage Ratios: bar chart\n\n**Legend:**\nRecourse Debt Leverage Ratio (dark green bar)\nTotal Leverage Ratio (green bar)\n\n**Data:**\n- **2Q25:**\n - Recourse Debt Leverage Ratio: 3.0x\n - Total Leverage Ratio: 3.0x\n- **3Q25:**\n - Recourse Debt Leverage Ratio: 2.7x\n - Total Leverage Ratio: 2.7x\n- **4Q25:**\n - Recourse Debt Leverage Ratio: 2.8x\n - Total Leverage Ratio: 2.8x\n- **1Q26:**\n - Recourse Debt Leverage Ratio: 1.8x\n - Total Leverage Ratio: 3.4x::>", "box": { "bottom": 0.8403657674789429, "left": 0.04315727949142456, "right": 0.4901276230812073, "top": 0.13964655995368958 }, "chunk_id": "ea18f277-c5f4-4b2e-b0d3-fac2bb36ace5", "job_id": "cmsbb8qky007leq01kjvmisd8", "picture_ref": "#/pictures/35" }, { "page": 12, "text": "\n\nTotal Liquidity ($ in millions)\n<::stacked bar chart::>\nQuarter | Total | Reinvestment Cash at CRE Securitiztions | CRE Term and Senior Secured Facilities Estimated Unfinanced Proceeds ¹ | Unrestricted Cash\n---|---|---|---|---\n2Q25 | $64.7 | $0.0 | $21.9 | $42.7\n3Q25 | $64.5 | $0.0 | $23.6 | $40.9\n4Q25 | $107.9 | $0.0 | $24.1 | $83.8\n1Q26 | $86.8 | $0.6 | $38.2 | $48.0\n\nLegend:\nReinvestment Cash at CRE Securitiztions\nCRE Term and Senior Secured Facilities Estimated Unfinanced Proceeds ¹\nUnrestricted Cash\n::>", "box": { "bottom": 0.8381180763244629, "left": 0.509326159954071, "right": 0.9564010500907898, "top": 0.13917836546897888 }, "chunk_id": "062f47d5-2c15-46a7-a12e-2328774412ab", "job_id": "cmsbb8qky007leq01kjvmisd8", "picture_ref": "#/pictures/37" } ], "tables": [], "context": [ { "page": 12, "kind": "text", "text": "\n\nLEVERAGE AND LIQUIDITY TREND", "box": { "bottom": 0.13180671632289886, "left": 0.04309770464897156, "right": 0.46155670285224915, "top": 0.06752161681652069 }, "chunk_id": "6ee0d377-bc1f-4fb7-87ac-5254a6832e37" }, { "page": 12, "kind": "marginalia", "text": "\n\n1 Includes the projected amount of proceeds available to the Company if the unfinanced loans were financed with the applicable facilities", "box": { "bottom": 0.9471439123153687, "left": 0.08513545989990234, "right": 0.4973655939102173, "top": 0.9228852987289429 }, "chunk_id": "a1e856af-21f0-4e7d-be8b-81df3825a473" }, { "page": 12, "kind": "text", "text": "\n\nACRESREIT.COM (12)", "box": { "bottom": 0.9689760804176331, "left": 0.8392494320869446, "right": 0.9559865593910217, "top": 0.9244659543037415 }, "chunk_id": "ba134c48-1a91-479e-90c6-e0002a1ef022" } ] }, { "page": 14, "status": "figures", "reason": "", "picture_classes": [ "photograph" ], "table_refs": [], "job_id": "cmsbb8qg5007keq01rs4nylnm", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p14.ade.json", "figures": [ { "page": 14, "text": "\n\n<::A low-angle photograph of a light-colored multi-story building, likely an apartment complex, featuring several balconies with white railings and gutters. The image has a slightly washed-out, light blue-green tint.\nACRESREIT.COM 14\n: photo::>", "box": { "bottom": 1.0, "left": 0.42243483662605286, "right": 0.9992254972457886, "top": 0.16101151704788208 }, "chunk_id": "3cccaa25-a198-4427-98ed-6c78a0a36d2e", "job_id": "cmsbb8qg5007keq01rs4nylnm", "picture_ref": "#/pictures/42" } ], "tables": [], "context": [ { "page": 14, "kind": "text", "text": "\n\nAPPENDIX", "box": { "bottom": 0.6215522289276123, "left": 0.040871232748031616, "right": 0.25856268405914307, "top": 0.5240366458892822 }, "chunk_id": "c7507f29-9f26-4a1b-98a9-a66a736232b2" }, { "page": 14, "kind": "text", "text": "\n\nACRESREIT.COM 14", "box": { "bottom": 0.9682789444923401, "left": 0.8365589380264282, "right": 0.9525051116943359, "top": 0.9276123642921448 }, "chunk_id": "370f9353-99a6-472d-bd00-112af3338c21" } ] }, { "page": 18, "status": "figures", "reason": "", "picture_classes": [ "bar_chart" ], "table_refs": [], "job_id": "cmsbb8rmk0049fm01slbc5y8y", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p18.ade.json", "figures": [ { "page": 18, "text": "\n\n<::Bar chart showing the composition of CRE Loan Portfolio by Multifamily and All Other, overlaid with a line graph for CECL Reserve %.\n\nLeft Y-axis: % of CRE Loan Portfolio (1) from 0% to 100%\nRight Y-axis: CECL Reserve % from 0.00% to 3.00%\nX-axis: Quarters from 2Q24 to 1Q26\n\nLegend:\n- Multifamily % (dark green bars)\n- All Other % (light green bars)\n- CECL Reserve % (blue line)\n\nData points:\n- 2Q24:\n - Multifamily %: 79%\n - All Other %: 21%\n - CECL Reserve %: 2.15%\n- 3Q24:\n - Multifamily %: 79%\n - All Other %: 21%\n - CECL Reserve %: 2.25%\n- 4Q24:\n - Multifamily %: 77%\n - All Other %: 23%\n - CECL Reserve %: 2.30%\n- 1Q25:\n - Multifamily %: 77%\n - All Other %: 23%\n - CECL Reserve %: 2.35%\n- 2Q25:\n - Multifamily %: 75%\n - All Other %: 25%\n - CECL Reserve %: 2.00%\n- 3Q25:\n - Multifamily %: 75%\n - All Other %: 25%\n - CECL Reserve %: 1.60%\n- 4Q25:\n - Multifamily %: 82%\n - All Other %: 18%\n - CECL Reserve %: 1.10%\n- 1Q26:\n - Multifamily %: 81%\n - All Other %: 19%\n - CECL Reserve %: 0.90%\n: chart::>", "box": { "bottom": 0.9000582098960876, "left": 0.04381293058395386, "right": 0.9541573524475098, "top": 0.28767722845077515 }, "chunk_id": "bb210922-469a-4cf5-b3f0-ddbb40dcf8ba", "job_id": "cmsbb8rmk0049fm01slbc5y8y", "picture_ref": "#/pictures/49" } ], "tables": [], "context": [ { "page": 18, "kind": "text", "text": "\n\nCECL TREND ANALYSIS CHART", "box": { "bottom": 0.13321086764335632, "left": 0.04144333302974701, "right": 0.41211414337158203, "top": 0.06756296753883362 }, "chunk_id": "69cd381e-cd87-4792-8dcf-d5344b4c5e63" }, { "page": 18, "kind": "text", "text": "\n\nSince 2Q24, market liquidity and volatility in the commercial real estate sector have caused a decrease in the CECL reserves to 0.88% at 1Q26", "box": { "bottom": 0.21815147995948792, "left": 0.06680417060852051, "right": 0.7412864565849304, "top": 0.1699444055557251 }, "chunk_id": "a686a0b8-f7bd-460f-a540-6371c577954a" }, { "page": 18, "kind": "text", "text": "\n\n1 Property type percentages based on total carrying value of the CRE loans, CECL reserve percentage is based on the total par value of the CRE loans\n---\n", "box": { "bottom": 0.9477236866950989, "left": 0.085333913564682, "right": 0.5302778482437134, "top": 0.9221706986427307 }, "chunk_id": "993f2fe1-0917-472a-ac23-a57c6724f4aa" }, { "page": 18, "kind": "text", "text": "\n\nACRESREIT.COM (18)", "box": { "bottom": 0.9696154594421387, "left": 0.8384634256362915, "right": 0.9566299915313721, "top": 0.9251726865768433 }, "chunk_id": "2ccc7019-2396-476b-8eeb-f67ea3021527" } ] }, { "page": 19, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "bar_chart" ], "table_refs": [], "job_id": "cmsbb8s54008ofo01oxdco4ly", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p19.ade.json", "figures": [ { "page": 19, "text": "\n\nQuarterly Net Interest Income per Share Sensitivity to Changes in SOFR\n\n<::bar chart showing Quarterly Net Interest Income per Share Sensitivity to Changes in SOFR. The chart is split into two sections, one for December 31, 2025, and one for March 31, 2026.\n\n### December 31, 2025\nSOFR: 3.69%\n\nSOFR Change (x-axis) and Net Interest Income per Share Sensitivity (y-axis):\n- Decreased 1.00%: $(0.10)\n- Decreased 0.50%: $(0.07)\n- No Change: (baseline, value not explicitly shown as a bar)\n- Increased 0.50%: $0.07\n- Increased 1.00%: $0.15\n\n### March 31, 2026\nSOFR: 3.66%\n\nSOFR Change (x-axis) and Net Interest Income per Share Sensitivity (y-axis):\n- Decreased 1.00%: $(0.02)\n- Decreased 0.50%: $(0.06)\n- No Change: (baseline, value not explicitly shown as a bar)\n- Increased 0.50%: $0.08\n- Increased 1.00%: $0.16\n: bar chart::>", "box": { "bottom": 0.9172781705856323, "left": 0.04347828030586243, "right": 0.9565112590789795, "top": 0.24029496312141418 }, "chunk_id": "7edad3e2-3f6c-45f3-a82a-7a149a35475f", "job_id": "cmsbb8s54008ofo01oxdco4ly", "picture_ref": "#/pictures/52" } ], "tables": [], "context": [ { "page": 19, "kind": "text", "text": "\n\nBENCHMARK SENSITIVITY ANALYSIS TREND", "box": { "bottom": 0.13018463551998138, "left": 0.04357603192329407, "right": 0.5755627155303955, "top": 0.07134644687175751 }, "chunk_id": "45b6b315-9620-4c47-8371-e2554624be60" }, { "page": 19, "kind": "text", "text": "\n\nAt March 31, 2026, the CRE loan portfolio is 99% floating rate loans that are indexed to one-month term SOFR with a weighted average floor of 2.13%", "box": { "bottom": 0.2134375125169754, "left": 0.049275726079940796, "right": 0.7587941884994507, "top": 0.16971813142299652 }, "chunk_id": "fa253683-81d5-414f-826f-f4083cff97f9" }, { "page": 19, "kind": "text", "text": "\n\nACRESREIT.COM (19)", "box": { "bottom": 0.9693965911865234, "left": 0.8388691544532776, "right": 0.9557812809944153, "top": 0.9252325296401978 }, "chunk_id": "d61a8fa6-ba13-4859-9b30-44f6f4bf89b9" } ] }, { "page": 22, "status": "figures", "reason": "", "picture_classes": [ "photograph" ], "table_refs": [], "job_id": "cmsbb8zi1007meq01ql79cwxt", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": false, "response_artifact": "acr-1q2026-earnings-presentation-final.p22.ade.json", "figures": [ { "page": 22, "text": "\n\n<::A photo showing a close-up, upward view of a modern building with a curved, multi-faceted white facade. The building features a grid of large, rectangular windows, many of which have drawn-down window shades or blinds. The windows reflect the sky and some interior details, like an office chair or plants. The image has a slightly desaturated, cool-toned filter, with a light green area visible on the left side of the frame, suggesting a background or an artistic overlay.: photo::>", "box": { "bottom": 0.9933947324752808, "left": 0.6944615244865417, "right": 0.9999915957450867, "top": 0.16200172901153564 }, "chunk_id": "4802043b-2765-4bc0-b999-885d0ac14e40", "job_id": "cmsbb8zi1007meq01ql79cwxt", "picture_ref": "#/pictures/61" } ], "tables": [], "context": [ { "page": 22, "kind": "text", "text": "\n\nACRES Commercial Realty Corp. is a real estate investment trust that is\nprimarily focused on originating, holding and managing commercial real\nestate mortgage loans and equity investments in commercial real estate\nproperty through direct ownership and joint ventures.", "box": { "bottom": 0.47860899567604065, "left": 0.0651322603225708, "right": 0.4136872887611389, "top": 0.3660687506198883 }, "chunk_id": "bf98a53c-c0a0-48d1-9e73-7e59ec10de47" }, { "page": 22, "kind": "text", "text": "\n\nAdditional information is available at the Company's website.\nwww.acresreit.com", "box": { "bottom": 0.597560465335846, "left": 0.0649971216917038, "right": 0.36062413454055786, "top": 0.5053245425224304 }, "chunk_id": "024f7d31-aa7b-4661-b7e0-efc6ea9c5bc2" }, { "page": 22, "kind": "text", "text": "\n\n## CONTACT INFORMATION\n\n---\n\nHeadquarters:\n390 RXR Plaza\nUniondale, NY 11556\n\n---", "box": { "bottom": 0.6212604641914368, "left": 0.4516143202781677, "right": 0.7088313698768616, "top": 0.36118584871292114 }, "chunk_id": "b936aea9-a6bd-4bd7-bdbb-33ebd14a39c4" }, { "page": 22, "kind": "text", "text": "\n\nInvestor Relations:\nir@acresreit.com\n516-862-2385", "box": { "bottom": 0.7223920822143555, "left": 0.45371153950691223, "right": 0.6345783472061157, "top": 0.6265193223953247 }, "chunk_id": "72ddbbb9-65a6-40d5-bd95-ab9f416195d2" }, { "page": 22, "kind": "text", "text": "\n\nNew York Stock Exchange:\nCommon Stock Symbol: ACR\nPref. Stock Symbols: ACRPrC & ACRPrD", "box": { "bottom": 0.8388509154319763, "left": 0.45402732491493225, "right": 0.6323072910308838, "top": 0.7414587140083313 }, "chunk_id": "fc2e7bfb-1bff-41e3-8a6b-601be3063160" } ] } ], "errors": [ "page 10: picture #/pictures/29 (photograph) was read by nothing — the scan returned no figure over it and the document holds no table there; whatever it shows is not in the document" ], "removed": [] }