{ "document": "4833a7add23f5e06", "scans": [ { "page": 1, "status": "figures", "reason": "", "picture_classes": [ "photograph" ], "table_refs": [], "job_id": "cmsgtoxay062ofo01x98g4dlh", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p1.ade.json", "figures": [ { "page": 1, "text": "\n\n<::2026 TATION\n: photo of a row of modern brick apartment buildings or townhouses with multiple stories, balconies, large windows, and street-level landscaping, including trees and bushes. The image has a blue-green filter applied.:>", "box": { "bottom": 1.0, "left": 0.4077085256576538, "right": 0.998687744140625, "top": 0.32654568552970886 }, "chunk_id": "ff5bae1a-d609-49be-bb41-c23c0669e6b9", "job_id": "cmsgtoxay062ofo01x98g4dlh", "picture_ref": "#/pictures/1" } ], "tables": [], "context": [ { "page": 1, "kind": "text", "text": "\n\nSECOND QUARTER 2026\nEARNINGS PRESENTATION", "box": { "bottom": 0.5406941175460815, "left": 0.03750884532928467, "right": 0.5524562001228333, "top": 0.3609989285469055 }, "chunk_id": "8feb5abf-5c62-4e53-9d3b-e749febca9e5" }, { "page": 1, "kind": "text", "text": "\n\nJuly 29, 2026", "box": { "bottom": 0.6442673206329346, "left": 0.04266557842493057, "right": 0.18135151267051697, "top": 0.5853739976882935 }, "chunk_id": "d08cc997-5c0c-4321-8710-2eaf0690a518" } ] }, { "page": 6, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "pie_chart" ], "table_refs": [], "job_id": "cmsgtox9l00d1dn01upmbhgie", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p6.ade.json", "figures": [ { "page": 6, "text": "\n\n<::Summary of Changes to Book Value per Share ¹\n\nWaterfall chart showing changes to book value per share:\n- Book Value - March '26: $29.98\n- Net Loss: -$1.77\n- Other Comprehensive Income: +$0.05\n- Equity Compensation and Vested Shares: -$1.50\n- Book Value - June '26: $26.76\n: waterfall chart::>", "box": { "bottom": 0.4893031120300293, "left": 0.3539447784423828, "right": 0.9568532705307007, "top": 0.14024235308170319 }, "chunk_id": "21ed9510-b239-48e7-8a97-32407b58d93d", "job_id": "cmsgtox9l00d1dn01upmbhgie", "picture_ref": "#/pictures/11" }, { "page": 6, "text": "\n\nCapitalization\n$2.3B\nTotal Capitalization\n<::Pie chart showing capitalization breakdown:\n- 37% Securitization Notes Payable (Non-Recourse)\n- 27% Term Reinvestment Financing Facility\n- 24% Stockholders' equity\n- 1% Term warehouse financing facilities (limited recourse)\n- 2% Senior secured financing facility (limited recourse)\n- 1% Mortgage Payable (limited recourse)\n- 8% Corporate Debt - TRUPS & 5.75% Notes (no guarantee)\n: chart::>", "box": { "bottom": 0.8741246461868286, "left": 0.35361647605895996, "right": 0.9572106599807739, "top": 0.5241638422012329 }, "chunk_id": "32472b26-017c-4d00-a8e2-85e89981a532", "job_id": "cmsgtox9l00d1dn01upmbhgie", "picture_ref": "#/pictures/12" } ], "tables": [ { "page": 6, "cells": [ [ "2Q26 Balance Sheet Overview", "" ], [ "Total Assets ($B)", "$2.4" ], [ "Total Liquidity ($M)", "$82.7" ], [ "CRE Whole Loans, at par ($B) WA Spread", "$2.1 3.28%" ], [ "CECL Reserve - General ($M) Per BV Share¹ / Basis Points", "$21.1 $2.98/0.99%" ], [ "Investments in Real Estate and Properties Held for Sale, net² ($M) Number of Investments", "$104.6 5" ], [ "Total Borrowings, at cost ($B) Leverage Ratio", "$1.8 3.2x" ], [ "Asset Specific Borrowings, at par ($B) WA Spread", "$1.6 1.81%" ], [ "Corporate Debt, at par ($M) WA Coupon", "$201.5 6.30%" ], [ "Preferred and Common Equity³ ($M) Dividend %: WA Preferred / Common", "$224.0/$326.2 8.76% / NA" ] ], "cell_boxes": [ [ { "bottom": 0.1870939166126737, "left": 0.0483724875173952, "right": 0.3306740368778832, "top": 0.14579680368918857 }, null ], [ { "bottom": 0.25232623907804014, "left": 0.04837320137502284, "right": 0.24000333244841263, "top": 0.1870879105710032 }, { "bottom": 0.2523905307837937, "left": 0.2399877359934472, "right": 0.33068158957622784, "top": 0.18708506878393116 } ], [ { "bottom": 0.31882897214860917, "left": 0.04837432811287275, "right": 0.2399877359934472, "top": 0.2521904067988808 }, { "bottom": 0.3188411710202791, "left": 0.23997183725868268, "right": 0.33068927471656895, "top": 0.25232623907804014 } ], [ { "bottom": 0.38486528935304476, "left": 0.04837548109614673, "right": 0.23997183725868268, "top": 0.3188032079799251 }, { "bottom": 0.3849345603562153, "left": 0.23995605002944284, "right": 0.33069691854017785, "top": 0.31882897214860917 } ], [ { "bottom": 0.4513921815277357, "left": 0.048376622015746516, "right": 0.23995605002944284, "top": 0.38471903883348124 }, { "bottom": 0.45146204592410955, "left": 0.23994014551898807, "right": 0.33070461256782463, "top": 0.38486528935304476 } ], [ { "bottom": 0.534754151214372, "left": 0.04837777349125064, "right": 0.23994014551898807, "top": 0.4512447296677203 }, { "bottom": 0.5348414002878514, "left": 0.23992021626519205, "right": 0.33071425554549283, "top": 0.4513921815277357 } ], [ { "bottom": 0.6012345541728104, "left": 0.0483792157477481, "right": 0.23992021626519205, "top": 0.5345700887477058 }, { "bottom": 0.601252140469609, "left": 0.23990432286886268, "right": 0.33072193607131833, "top": 0.534754151214372 } ], [ { "bottom": 0.6675871077903662, "left": 0.04838036898332728, "right": 0.23990432286886268, "top": 0.6011974666852813 }, { "bottom": 0.6675434331788398, "left": 0.23988847047857478, "right": 0.3307296003868605, "top": 0.6012345541728104 } ], [ { "bottom": 0.7337172148453455, "left": 0.04838151810398281, "right": 0.23988847047857478, "top": 0.6675434331788398 }, { "bottom": 0.7337759573813517, "left": 0.23987265038585823, "right": 0.3307372626976365, "top": 0.6675227161708661 } ], [ { "bottom": 0.8660875139067913, "left": 0.048382660589693295, "right": 0.23987265038585823, "top": 0.733593419592889 }, { "bottom": 0.8660828837522269, "left": 0.23984100587194562, "right": 0.33075256398588776, "top": 0.7337172148453455 } ] ], "box": { "bottom": 0.8660875139067912, "left": 0.0483724875173952, "right": 0.3307525639858877, "top": 0.14579680368918857 }, "chunk_id": "060e7345-5786-4bad-b4f8-b02216fa3902", "job_id": "cmsgtox9l00d1dn01upmbhgie", "table_ref": null, "picture_ref": null, "table_id": null } ], "context": [ { "page": 6, "kind": "text", "text": "\n\nBALANCE SHEET OVERVIEW", "box": { "bottom": 0.12793658673763275, "left": 0.0437270849943161, "right": 0.3879948854446411, "top": 0.06928607076406479 }, "chunk_id": "87cba61b-89d8-4d7b-a1ec-ea9415ec9527" }, { "page": 6, "kind": "text", "text": "\n\n¹ Per share adjustments are calculated based on the share count outstanding of 7,075,542 utilized in the calculation of book value at June 30, 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 $136.9 million of non-controlling interests", "box": { "bottom": 0.9468305110931396, "left": 0.08292074501514435, "right": 0.5249724388122559, "top": 0.891830325126648 }, "chunk_id": "cc189917-dea7-4282-88b1-02d5548ec08c" }, { "page": 6, "kind": "text", "text": "\n\nACRESREIT.COM (6)", "box": { "bottom": 0.9696345925331116, "left": 0.8389955163002014, "right": 0.9557093977928162, "top": 0.9235623478889465 }, "chunk_id": "37196402-af1b-485e-bcc3-d60a7da95114" } ] }, { "page": 7, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "geographical_map", "pie_chart" ], "table_refs": [], "job_id": "cmsgtoxfc062pfo01w8dkb2w3", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p7.ade.json", "figures": [ { "page": 7, "text": "\n\nBalance by Region 1,3\n<::map of the United States showing regions colored according to the following legend:\nPacific: 9.1%\nMountain: 13.5%\nWest North Central: 3.8%\nSouthwest: 16.3%\nNortheast: 13.3%\nMid Atlantic: 11.1%\nEast North Central: 14.7%\nSoutheast: 18.2%\n: map::>", "box": { "bottom": 0.4884999394416809, "left": 0.5095421671867371, "right": 0.9563671946525574, "top": 0.13931365311145782 }, "chunk_id": "4b0ec3c7-9250-4cf7-86a9-3a45833fbce3", "job_id": "cmsgtoxfc062pfo01w8dkb2w3", "picture_ref": "#/pictures/16" }, { "page": 7, "text": "\n\nLoan Portfolio Activity, at par ¹\n<::waterfall chart::>\nLoan Portfolio March '26: $2,212, Loan Count 60\nPayoffs and paydowns: -$92\nFuture Fundings: +$18\nLoan Portfolio June '26: $2,138, Loan Count 57\n<::>\n", "box": { "bottom": 0.8800278902053833, "left": 0.04325242340564728, "right": 0.49071675539016724, "top": 0.5238274335861206 }, "chunk_id": "c93762ac-5b27-4aa7-9b8c-6d1d2deb00f2", "job_id": "cmsgtoxfc062pfo01w8dkb2w3", "picture_ref": "#/pictures/14" }, { "page": 7, "text": "\n\nProperty Type ¹\n<::Pie chart showing property type distribution:\n- 80.8% Multifamily\n- 11.4% Office\n- 4.8% Hotel\n- 2.3% Mixed-Use\n- 0.7% Self-storage\n: pie chart::>", "box": { "bottom": 0.8786417841911316, "left": 0.5101701617240906, "right": 0.956537663936615, "top": 0.5246111750602722 }, "chunk_id": "ea587dad-9efa-4f10-bddb-63b4e4f22fcc", "job_id": "cmsgtoxfc062pfo01w8dkb2w3", "picture_ref": "#/pictures/17" } ], "tables": [ { "page": 7, "cells": [ [ "CRE Loan Summary ¹", "" ], [ "Loans held for investment, at amortized cost", "$2,128.9" ], [ "CECL Reserves", "($21.1)" ], [ "CRE whole loans, floating-rate WA", "1M SOFR + 3.28%" ], [ "WA 1M SOFR Floor²", "2.22%" ], [ "WA CRE loan portfolio LTV", "77%" ], [ "Total number of CRE loans", "57" ], [ "Average CRE loan size, at par", "$37.5" ], [ "WA Risk Rating, at par", "2.6" ] ], "cell_boxes": [ [ { "bottom": 0.1875283270205274, "left": 0.04792487674381317, "right": 0.4864613768975868, "top": 0.1461379558648297 }, null ], [ { "bottom": 0.22365124161628072, "left": 0.047936075565105186, "right": 0.3642504262107252, "top": 0.18752401384442863 }, { "bottom": 0.22363755971249927, "left": 0.36423747967423103, "right": 0.4864680737489361, "top": 0.1875223474092813 } ], [ { "bottom": 0.26056440164571076, "left": 0.04794584919249265, "right": 0.36423747967423103, "top": 0.22363755971249927 }, { "bottom": 0.2604957226549035, "left": 0.3642242661960146, "right": 0.48647490542372956, "top": 0.22363227235404232 } ], [ { "bottom": 0.2975854080486127, "left": 0.047955836633314056, "right": 0.3642242661960146, "top": 0.2604957226549035 }, { "bottom": 0.297539680147267, "left": 0.36421098611132513, "right": 0.4864817771427983, "top": 0.26046917542557907 } ], [ { "bottom": 0.33440686509349327, "left": 0.04796585325368204, "right": 0.36421098611132513, "top": 0.297539680147267 }, { "bottom": 0.3343531841438745, "left": 0.364197788643131, "right": 0.486488603906884, "top": 0.2975220002335266 } ], [ { "bottom": 0.3712095870641749, "left": 0.04797581588280673, "right": 0.364197788643131, "top": 0.3343531841438745 }, { "bottom": 0.3711323732619257, "left": 0.36418460347665965, "right": 0.4864954231890908, "top": 0.3343324244002181 } ], [ { "bottom": 0.4081481383233437, "left": 0.04798577344285999, "right": 0.36418460347665965, "top": 0.3711323732619257 }, { "bottom": 0.4080969410432152, "left": 0.3641713518528085, "right": 0.4865022804057412, "top": 0.37110250571483455 } ], [ { "bottom": 0.4452074062688093, "left": 0.04799576775368125, "right": 0.3641713518528085, "top": 0.4080969410432152 }, { "bottom": 0.4452094043186981, "left": 0.3641580479254092, "right": 0.4865091668588622, "top": 0.4080771323953231 } ], [ { "bottom": 0.482306641657722, "left": 0.04800579332940881, "right": 0.3641580479254092, "top": 0.44520224335748765 }, { "bottom": 0.4821860266413484, "left": 0.3641447912637702, "right": 0.48651601578676384, "top": 0.4452074062688093 } ] ], "box": { "bottom": 0.48230664165772197, "left": 0.04792487674381317, "right": 0.48651601578676384, "top": 0.1461379558648297 }, "chunk_id": "50f9c9d3-55df-49d9-ab77-353de2ef6d97", "job_id": "cmsgtoxfc062pfo01w8dkb2w3", "table_ref": null, "picture_ref": null, "table_id": null } ], "context": [ { "page": 7, "kind": "text", "text": "\n\nCRE LOAN PORTFOLIO OVERVIEW", "box": { "bottom": 0.12950432300567627, "left": 0.042400211095809937, "right": 0.4611707031726837, "top": 0.06772976368665695 }, "chunk_id": "4297da22-3e00-43fd-a143-d645c3d4d8bf" }, { "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 June 30, 2026, all CRE whole loans are indexed to SOFR and the WA benchmark rate was 3.64%\n3 Texas (14.2%) and Ohio (11.5%) were the states with the highest concentrations. Based on regions identified by the National Council of Real Estate Investment Fiduciaries (NCREIF)", "box": { "bottom": 0.9465158581733704, "left": 0.08218464255332947, "right": 0.6282575130462646, "top": 0.8918614983558655 }, "chunk_id": "d9142380-6c89-4245-be10-ad27cf1f9113" }, { "page": 7, "kind": "text", "text": "\n\nACRESREIT.COM (7)", "box": { "bottom": 0.9700891375541687, "left": 0.8388172388076782, "right": 0.9564182758331299, "top": 0.9239073395729065 }, "chunk_id": "16fe9f45-2c90-448f-bf62-d61ee761e302" } ] }, { "page": 8, "status": "figures", "reason": "", "picture_classes": [ "bar_chart" ], "table_refs": [], "job_id": "cmsgtoxh000gwb501lie9e3hg", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p8.ade.json", "figures": [ { "page": 8, "text": "\n\nFully Extended Loan and Interest Rate Cap Maturities ($ in millions at par)\n<::bar chart::>\nY-axis: $0 to $1,000\nLegend:\n- Fully Extended Loan Maturities (dark green)\n- Interest Rate Cap Maturities (green)\n\nData:\n- 2026:\n - Fully Extended Loan Maturities: $284\n - Interest Rate Cap Maturities: $200\n- 2027:\n - Fully Extended Loan Maturities: $237\n - Interest Rate Cap Maturities: $609\n- 2028:\n - Fully Extended Loan Maturities: $43\n - Interest Rate Cap Maturities: $432\n- 2029:\n - Fully Extended Loan Maturities: $345\n - Interest Rate Cap Maturities: $111\n- 2030:\n - Fully Extended Loan Maturities: $630\n - Interest Rate Cap Maturities: $0\n- 2031:\n - Fully Extended Loan Maturities: $461\n - Interest Rate Cap Maturities: $0\n- 2032:\n - Fully Extended Loan Maturities: $29\n - Interest Rate Cap Maturities: $0\n<::>", "box": { "bottom": 0.8587511777877808, "left": 0.05058550834655762, "right": 0.9497933387756348, "top": 0.28555047512054443 }, "chunk_id": "33e8b405-02c8-4733-95e1-e8add110f123", "job_id": "cmsgtoxh000gwb501lie9e3hg", "picture_ref": "#/pictures/19" } ], "tables": [], "context": [ { "page": 8, "kind": "text", "text": "\n\nCRE LOAN PORTFOLIO MATURITY PROFILE", "box": { "bottom": 0.13034723699092865, "left": 0.041922152042388916, "right": 0.5619969964027405, "top": 0.0685981884598732 }, "chunk_id": "42099141-0b0f-4e5d-9c79-287f2c16c113" }, { "page": 8, "kind": "text", "text": "\n\n3.1 years 74%\nFully extended weighted average loan maturity ¹,² of the par value of the portfolio has interest rate caps or debt service reserves in place at June 30, 2026 ³,⁴,⁵", "box": { "bottom": 0.26074492931365967, "left": 0.036977559328079224, "right": 0.9256782531738281, "top": 0.1552511304616928 }, "chunk_id": "d797fec2-22ba-4fb4-95f6-1b82bcc217c7" }, { "page": 8, "kind": "text", "text": "\n\n1 Excludes four loans in maturity default at June 30, 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 July 2026 through March 2029\n5 Six loans funded debt service reserves in lieu of purchasing an interest rate cap", "box": { "bottom": 0.9483252763748169, "left": 0.07830771803855896, "right": 0.5764294862747192, "top": 0.8655489683151245 }, "chunk_id": "fa0f732e-ee59-4b9d-bea8-9981fdfbc1d2" }, { "page": 8, "kind": "marginalia", "text": "\n\nACRESREIT.COM 8", "box": { "bottom": 0.9693921804428101, "left": 0.8386614918708801, "right": 0.9559674859046936, "top": 0.9241865873336792 }, "chunk_id": "5712cb06-9c0d-4de2-819a-4de0d87142f2" } ] }, { "page": 9, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "bar_chart", "bar_chart" ], "table_refs": [], "job_id": "cmsgtoxbc00gvb501jq1payn6", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p9.ade.json", "figures": [ { "page": 9, "text": "\n\n<::bar chart: W.A. Risk Rating by Collateral Type, $ at par\nOverall W.A. Risk Rating: 1Q26: 2.5, 2Q26: 2.6\n\nData Series:\nMultifamily:\n - 1st Period: Risk Rating 2.5, Value $1.8B\n - 2nd Period: Risk Rating 2.5, Value $1.7B\nOffice:\n - 1st Period: Risk Rating 3.1, Value $241.4M\n - 2nd Period: Risk Rating 3.1, Value $244.4M\nHotel:\n - 1st Period: Risk Rating 2.7, Value $103.3M\n - 2nd Period: Risk Rating 2.7, Value $103.3M\nSelf-Storage:\n - 1st Period: Risk Rating 4.0, Value $16.0M\n - 2nd Period: Risk Rating 4.0, Value $16.0M\nMixed-Use:\n - 1st Period: Risk Rating 2.0, Value $47.8M\n - 2nd Period: Risk Rating 2.0, Value $49.3M::>", "box": { "bottom": 0.4651147723197937, "left": 0.044386833906173706, "right": 0.9550286531448364, "top": 0.23983965814113617 }, "chunk_id": "233d8848-2133-4170-8b95-3ff49172c324", "job_id": "cmsgtoxbc00gvb501jq1payn6", "picture_ref": "#/pictures/22" }, { "page": 9, "text": "\n\n<::CECL Reserve Overview\n\noption Specific CECL Reserve: [ ]\noption General CECL Reserve: [ ]\n\nBar Chart:\n\n1Q26:\nTotal Reserve: $19.4M\nValue: $19.4M\nRisk breakdown:\n49% Risk Rated 4 - 5\n51% Risk Rated 1 - 3\n\n2Q26:\nTotal Reserve: $21.1M\nValue: $21.1M\nRisk breakdown:\n50% Risk Rated 4 - 5\n50% Risk Rated 1 - 3\n: chart::>", "box": { "bottom": 0.8987411856651306, "left": 0.045880094170570374, "right": 0.48785144090652466, "top": 0.5093863606452942 }, "chunk_id": "0fa65709-7ee5-4e33-b7e8-39dde13d0576", "job_id": "cmsgtoxbc00gvb501jq1payn6", "picture_ref": "#/pictures/23" }, { "page": 9, "text": "\n\n<::2Q26 Risk Rating Overview²\n\nLoan Count\nRisk Rating 1: 0 loans\nRisk Rating 2: 32 loans\nRisk Rating 3: 15 loans\nRisk Rating 4: 9 loans\nRisk Rating 5: 1 loan\n\nBar chart showing the percentage distribution for each risk rating:\nRisk Rating 1: 0%\nRisk Rating 2: 70%\nRisk Rating 3: 16%\nRisk Rating 4: 14%\nRisk Rating 5: 0%³\n: bar chart::>", "box": { "bottom": 0.898172914981842, "left": 0.510649561882019, "right": 0.9547619819641113, "top": 0.5089966654777527 }, "chunk_id": "aa06991e-3b0c-4587-a7b2-bab821783807", "job_id": "cmsgtoxbc00gvb501jq1payn6", "picture_ref": "#/pictures/24" } ], "tables": [], "context": [ { "page": 9, "kind": "text", "text": "\n\nCRE LOAN RISK RATINGS AND CECL RESERVES", "box": { "bottom": 0.129942387342453, "left": 0.04321572184562683, "right": 0.6001690626144409, "top": 0.07038695365190506 }, "chunk_id": "e867336f-823a-41a0-b87c-9e6718ced3fd" }, { "page": 9, "kind": "text", "text": "\n\n| 86%", "box": { "bottom": 0.21533769369125366, "left": 0.0466671846807003, "right": 0.11625446379184723, "top": 0.15976962447166443 }, "chunk_id": "f3e24849-3707-44fd-a573-0f6c6f377c3e" }, { "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": 0.21766236424446106, "left": 0.12179110944271088, "right": 0.43690574169158936, "top": 0.1580674648284912 }, "chunk_id": "fce10239-3e49-433c-8f8b-08dc51b72265" }, { "page": 9, "kind": "text", "text": "\n\n52 of ACR's 57 loans, or 94%, are current on contractual payments at\nJune 30, 2026", "box": { "bottom": 0.21800358593463898, "left": 0.5175318121910095, "right": 0.8773747086524963, "top": 0.160188689827919 }, "chunk_id": "85347513-a06c-417c-b519-c9047feec92d" }, { "page": 9, "kind": "text", "text": "\n\n1 See page 23 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": 0.9472289085388184, "left": 0.08402442187070847, "right": 0.31115007400512695, "top": 0.8989706039428711 }, "chunk_id": "1edb64fa-4c1d-4957-a41a-0ad7571134cd" }, { "page": 9, "kind": "text", "text": "\n\nACRESREIT.COM 9", "box": { "bottom": 0.9695879220962524, "left": 0.838687539100647, "right": 0.9557499885559082, "top": 0.9246423244476318 }, "chunk_id": "55b74202-870d-4e4e-86ec-6f2192d0d302" } ] }, { "page": 10, "status": "tables", "reason": "", "picture_classes": [ "photograph", "photograph" ], "table_refs": [], "job_id": "cmsgtoxa305xtfm01agkljnxx", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p10.ade.json", "figures": [], "tables": [ { "page": 10, "cells": [ [ "Real Estate Development Executed Transactions", "Transaction Period", "EAD Gain", "EAD Basis (Equity)", "MOIC(4)" ], [ "Office in northeast region", "4Q24", "$5.3", "$14.9", "1.35x" ], [ "Student housing development in southeast region", "3Q25", "$9.5", "$22.7", "1.42x" ], [ "Development of land in the northeast region", "1Q26", "$3.3", "$16.6", "1.20x" ], [ "Total", "", "$18.1", "$54.1", "1.33x" ] ], "cell_boxes": [ [ { "bottom": 0.705585920818605, "left": 0.19704090552704923, "right": 0.4727774565844683, "top": 0.6498199718054447 }, { "bottom": 0.705592534005753, "left": 0.47276042671355656, "right": 0.5509051851111975, "top": 0.649814784968817 }, { "bottom": 0.705599161925445, "left": 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"left": 0.7278339735451672, "right": 0.8022418726025548, "top": 0.7857086947074006 } ], [ { "bottom": 0.8768951210118523, "left": 0.19705123932794621, "right": 0.47282977118893427, "top": 0.8311470555217988 }, { "bottom": 0.8768974687155904, "left": 0.4728158091521602, "right": 0.5509249094705411, "top": 0.831175089727005 }, { "bottom": 0.8768998182703931, "left": 0.5509196458275367, "right": 0.6291150675439974, "top": 0.8311830297571045 }, { "bottom": 0.8769027867920149, "left": 0.6290816224579191, "right": 0.7278339735451672, "top": 0.8311909790977322 }, { "bottom": 0.876905019581443, "left": 0.7278279433000724, "right": 0.8021713539832442, "top": 0.8312010148542123 } ] ], "box": { "bottom": 0.876905019581443, "left": 0.19704090552704923, "right": 0.8024525695843305, "top": 0.6497980867824324 }, "chunk_id": "8cff6f2c-7697-4a75-8767-59bd052ea489", "job_id": "cmsgtoxa305xtfm01agkljnxx", "table_ref": null, "picture_ref": null, "table_id": null } ], "context": [ { "page": 10, "kind": "text", "text": "\n\nINVESTMENTS IN REAL ESTATE PROPERTIES", "box": { "bottom": 0.12964144349098206, "left": 0.041652411222457886, "right": 0.5741157531738281, "top": 0.06988976895809174 }, "chunk_id": "e5d85de0-4e6e-4f49-823d-c55ea1f86af5" }, { "page": 10, "kind": "text", "text": "\n\n$104.6 million\nof net investments in real estate and properties held for sale ¹,²", "box": { "bottom": 0.3075384199619293, "left": 0.042792707681655884, "right": 0.9356223344802856, "top": 0.14657437801361084 }, "chunk_id": "44116155-cb58-487a-901c-55f291a7a657" }, { "page": 10, "kind": "text", "text": "\n\nSelect Investment Highlights\n\n<::visual content::>\n\n**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\n<::visual content::>\n\n**Hotel $28.3M 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": 0.5801669359207153, "left": 0.04408371448516846, "right": 0.9352110028266907, "top": 0.31543293595314026 }, "chunk_id": "a3a62722-de7d-49a7-9d77-b858d0cb1ac0" }, { "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 $36.5 million³\n2 Depreciation and amortization expense on investments in real estate is $1.2 million for the 2nd quarter of 2026\n3 Represents GAAP net equity basis value at June 30, 2026\n4 Money on invested capital (\"MOIC\") is equal to the EAD gain divided by the EAD equity basis plus 1", "box": { "bottom": 0.9486971497535706, "left": 0.08269628882408142, "right": 0.7993878126144409, "top": 0.8805164694786072 }, "chunk_id": "9f101784-654f-47b6-a936-3d6eea54d501" }, { "page": 10, "kind": "text", "text": "\n\nACRESREIT.COM (10)", "box": { "bottom": 0.9699147939682007, "left": 0.8381596803665161, "right": 0.9565026760101318, "top": 0.923896312713623 }, "chunk_id": "edd81722-5f17-46d2-a5b6-8b46463213e3" } ] }, { "page": 11, "status": "figures", "reason": "", "picture_classes": [ "pie_chart" ], "table_refs": [], "job_id": "cmsgtp5rn067ieq017b114fp1", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p11.ade.json", "figures": [ { "page": 11, "text": "\n\nOutstanding Financing\n\n99% Non-Mark-to-Market\n49% Securitizations\n35% Term Reinvestment Financing\n8% Senior Unsecured Notes\n3% Senior Secured Financing\n3% Trust Preferred Securities\n1% Mortgages Payable\n1% Term Warehouse Financing\n<::A pie chart visually representing the breakdown of Outstanding Financing. The chart shows proportional slices for each category listed: Securitizations (49%), Term Reinvestment Financing (35%), Senior Unsecured Notes (8%), Senior Secured Financing (3%), Trust Preferred Securities (3%), Mortgages Payable (1%), and Term Warehouse Financing (1%). The largest slice represents Securitizations, while the smallest slices represent Mortgages Payable and Term Warehouse Financing.\n: pie chart::> ", "box": { "bottom": 0.8200169205665588, "left": 0.04217137396335602, "right": 0.41352635622024536, "top": 0.46039944887161255 }, "chunk_id": "23a778ca-3942-4be5-a4a0-c95d59867374", "job_id": "cmsgtp5rn067ieq017b114fp1", "picture_ref": "#/pictures/32" } ], "tables": [ { "page": 11, "cells": [ [ "Total Capitalization ($ in Millions)", "$2,333.5" ], [ "Corporate WACC ¹", "5.92%" ], [ "Total Asset Specific Financing", "$1,581.9" ], [ "WA Asset Specific Debt Spread", "SOFR + 1.81%" ], [ "Term/Senior Secured Avail.", "$954.8" ], [ "Recourse Debt Leverage", "1.6x" ], [ "Total Corporate Leverage", "3.2x" ] ], "cell_boxes": [ [ { "bottom": 0.18266806471394095, "left": 0.04880822709638011, "right": 0.2889458172480839, "top": 0.1460418459502666 }, { "bottom": 0.18268203252408538, "left": 0.2889439864724487, "right": 0.4080083675527245, "top": 0.14612149612794315 } ], [ { "bottom": 0.21745698467408137, "left": 0.0488125703605349, "right": 0.2889439864724487, "top": 0.18263989415613402 }, { "bottom": 0.21747050621423403, "left": 0.28894224374503263, "right": 0.408018302758594, "top": 0.18266806471394095 } ], [ { "bottom": 0.26327129368248675, "left": 0.04881669903405997, "right": 0.28894224374503263, "top": 0.21742971750365786 }, { "bottom": 0.2632350544432478, "left": 0.28893995052358934, "right": 0.4080313674776953, "top": 0.21745698467408137 } ], [ { "bottom": 0.3088638259213023, "left": 0.04882213927156926, "right": 0.28893995052358934, "top": 0.2632350544432478 }, { "bottom": 0.30876142902349, "left": 0.2889376699106463, "right": 0.40804435993693594, "top": 0.26321708083967454 } ], [ { "bottom": 0.3540343856593361, "left": 0.04882754995385169, "right": 0.2889376699106463, "top": 0.30876142902349 }, { "bottom": 0.35399459634455244, "left": 0.28893540398572254, "right": 0.4080572869010514, "top": 0.30871063501460116 } ], [ { "bottom": 0.3889480380307577, "left": 0.048832910558653846, "right": 0.28893540398572254, "top": 0.35399459634455244 }, { "bottom": 0.388920806587136, "left": 0.28893365438084256, "right": 0.40806726322180553, "top": 0.3539748556995083 } ], [ { "bottom": 0.4347322853707141, "left": 0.04883705392755715, "right": 0.28893365438084256, "top": 0.388920806587136 }, { "bottom": 0.4346761303293697, "left": 0.2889313622988461, "right": 0.40808032633961494, "top": 0.38890729460843054 } ] ], "box": { "bottom": 0.43473228537071407, "left": 0.04880822709638011, "right": 0.4080803263396149, "top": 0.1460418459502666 }, "chunk_id": "8e0127f4-6a5a-4248-8d68-c8452e3d7fd7", "job_id": "cmsgtp5rn067ieq017b114fp1", "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", "$645.0", "$622.8", "$19.7", "SOFR + 1.75%", "1.1x" ], [ "Term Warehouse Financing ²", "500.0", "8.1", "491.6", "SOFR + 1.63%", "-" ], [ "Senior Secured Financing ²", "500.0", "56.4", "443.5", "SOFR + 3.86%", "0.1x" ], [ "Mortgages Payable ²", "23.8", "20.9", "2.1", "SOFR + 3.50%", "0.1x" ], [ "Senior Unsecured Notes", "150.0", "149.9", "", "5.75%", "0.2x" ], [ "Trust Preferred Securities", "51.5", "51.5", "", "SOFR + 3.95%", "0.1x" ], [ "Total Recourse Debt", "$1,870.3", "$909.6", "$956.9", "", "1.6x" ], [ "Securitizations ²", "873.7", "873.7", "", "SOFR + 1.68%", "1.6x" ], [ "Total Leverage", "$2,744.0", "$1,783.3", "$956.9", "5.55%", "3.2x" ], [ "Preferred Equity", "", "224.0", "", "8.76%", "" ], [ "Common Equity", "", "189.3", "", "", "" ], [ "Non-controlling interests", "", "136.9", "", "", "" ], [ "Total Capitalization", "", "$2,333.5", "", "5.92% 1", "" ] ], "cell_boxes": [ [ { "bottom": 0.24251540949003786, "left": 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"left": 0.8368477529622643, "right": 0.9121810995215232, "top": 0.6726891105023104 }, { "bottom": 0.70890676231458, "left": 0.9121745183147438, "right": 0.9798257540292871, "top": 0.6726805951188842 } ] ], "box": { "bottom": 0.7089740800912683, "left": 0.43640635486424173, "right": 0.9798515529921641, "top": 0.14616098858321597 }, "chunk_id": "89af987e-e144-4a67-9076-71c33153cf92", "job_id": "cmsgtp5rn067ieq017b114fp1", "table_ref": null, "picture_ref": null, "table_id": null } ], "context": [ { "page": 11, "kind": "text", "text": "\n\nCAPITALIZATION OVERVIEW", "box": { "bottom": 0.1285652220249176, "left": 0.04258467257022858, "right": 0.39140892028808594, "top": 0.06777699291706085 }, "chunk_id": "38576028-1a8a-43cb-955a-40cd609a77e4" }, { "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 $1.6 billion, of which securitizations are 55%\n3 Includes $9.6 million of unamortized deferred debt issuance costs and discounts on borrowings", "box": { "bottom": 0.9426336288452148, "left": 0.07817785441875458, "right": 0.4268192648887634, "top": 0.8870799541473389 }, "chunk_id": "e3e87c4f-817d-4c05-8594-10552648a1a8" }, { "page": 11, "kind": "text", "text": "\n\nACRESREIT.COM (11)", "box": { "bottom": 0.9693061709403992, "left": 0.8394066691398621, "right": 0.9556364417076111, "top": 0.9243322014808655 }, "chunk_id": "09962b84-f29d-44d5-9f6a-c6fb584eac3c" } ] }, { "page": 12, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "bar_chart" ], "table_refs": [], "job_id": "cmsgtp5tc00d3dn01pjryfs41", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p12.ade.json", "figures": [ { "page": 12, "text": "\n\nLeverage Ratios\n<::bar chart titled \"Leverage Ratios\" showing two bars for each quarter:\n\n**3Q25**\nRecourse Debt Leverage Ratio: 2.7x\nTotal Leverage Ratio: 2.7x\n\n**4Q25**\nRecourse Debt Leverage Ratio: 2.8x\nTotal Leverage Ratio: 2.8x\n\n**1Q26**\nRecourse Debt Leverage Ratio: 1.8x\nTotal Leverage Ratio: 3.4x\n\n**2Q26**\nRecourse Debt Leverage Ratio: 1.6x\nTotal Leverage Ratio: 3.2x\n\nLegend:\nRecourse Debt Leverage Ratio\nTotal Leverage Ratio\n: bar chart::>\n", "box": { "bottom": 0.8399693965911865, "left": 0.04312396049499512, "right": 0.49036097526550293, "top": 0.1398143768310547 }, "chunk_id": "81566046-ba93-489b-8240-dd6b1059df91", "job_id": "cmsgtp5tc00d3dn01pjryfs41", "picture_ref": "#/pictures/35" }, { "page": 12, "text": "\n\n<::Stacked bar chart titled \"Total Liquidity ($ in millions)\".\n\nThe chart displays liquidity components across four quarters:\n\n**Legend:**\n- Reinvestment Cash at CRE Securitizations (light blue/grey)\n- CRE Term and Senior Secured Facilities Estimated Unfinanced Proceeds¹ (green)\n- Unrestricted Cash (dark green)\n\n**Data:**\n- **3Q25**\n - Total: $64.5\n - Unrestricted Cash: $40.9\n - CRE Term and Senior Secured Facilities Estimated Unfinanced Proceeds¹: $23.6\n- **4Q25**\n - Total: $107.9\n - Unrestricted Cash: $83.8\n - CRE Term and Senior Secured Facilities Estimated Unfinanced Proceeds¹: $24.1\n- **1Q26**\n - Total: $86.8\n - Unrestricted Cash: $48.0\n - CRE Term and Senior Secured Facilities Estimated Unfinanced Proceeds¹: $38.2\n - Reinvestment Cash at CRE Securitizations: $0.6\n- **2Q26**\n - Total: $82.7\n - Unrestricted Cash: $41.1\n - CRE Term and Senior Secured Facilities Estimated Unfinanced Proceeds¹: $41.6\n: chart::>", "box": { "bottom": 0.8384482264518738, "left": 0.5093048810958862, "right": 0.956000566482544, "top": 0.1393083930015564 }, "chunk_id": "9b3562a3-afb2-4f15-9c4a-ee17d77c6702", "job_id": "cmsgtp5tc00d3dn01pjryfs41", "picture_ref": "#/pictures/37" } ], "tables": [], "context": [ { "page": 12, "kind": "text", "text": "\n\nLEVERAGE AND LIQUIDITY TREND", "box": { "bottom": 0.1311272382736206, "left": 0.042807161808013916, "right": 0.46107256412506104, "top": 0.06662539392709732 }, "chunk_id": "d4005a9b-573f-4498-84c9-ef66c45b770b" }, { "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": 0.9470916986465454, "left": 0.08525390923023224, "right": 0.4973074197769165, "top": 0.9227430820465088 }, "chunk_id": "83b8a1ba-9690-4ca8-8cb0-94391c3d183a" }, { "page": 12, "kind": "text", "text": "\n\nACRESREIT.COM 12", "box": { "bottom": 0.969027578830719, "left": 0.8392778038978577, "right": 0.9559784531593323, "top": 0.9245347380638123 }, "chunk_id": "d4fb52c9-726f-423b-b470-6f1030bfba59" } ] }, { "page": 13, "status": "figures", "reason": "", "picture_classes": [ "photograph" ], "table_refs": [], "job_id": "cmsgtp96j062qfo01ivzhonuz", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p13.ade.json", "figures": [ { "page": 13, "text": "\n\n<::Image of the exterior of a building, likely an apartment or condominium complex, viewed from a low angle. The building has light blue or greenish-gray siding and multiple balconies with white railings. The perspective is tilted, showing the side of the building and part of the roofline. The image has a muted, almost monochromatic color scheme with a strong blue-green tint.: figure::>\nACRESREIT.COM 13", "box": { "bottom": 0.98223876953125, "left": 0.7147756814956665, "right": 0.9929424524307251, "top": 0.32926908135414124 }, "chunk_id": "cbc47cac-b453-4eaa-b0ff-ddf0320587a2", "job_id": "cmsgtp96j062qfo01ivzhonuz", "picture_ref": "#/pictures/40" } ], "tables": [], "context": [ { "page": 13, "kind": "text", "text": "\n\nAPPENDIX", "box": { "bottom": 0.6214218735694885, "left": 0.04085168242454529, "right": 0.25859788060188293, "top": 0.5241445899009705 }, "chunk_id": "0193d24c-6924-4ace-af75-7d8a3f7443ff" } ] }, { "page": 17, "status": "figures", "reason": "", "picture_classes": [ "bar_chart" ], "table_refs": [], "job_id": "cmsgtp9fg00d4dn01rasg146b", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p17.ade.json", "figures": [ { "page": 17, "text": "\n\n<::chart\nTitle: Not provided in image\nLeft Y-axis: % of CRE Loan Portfolio(1) (0% to 100%)\nRight Y-axis: CECL Reserve % (0.00% to 3.00%)\nX-axis: Quarters\nLegend:\n- Multifamily % (dark green bars)\n- All Other % (light green bars)\n- CECL Reserve % (blue line)\n\nData:\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 %: 2.35%\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 %: 2.20%\n- 3Q25:\n - Multifamily %: 75%\n - All Other %: 25%\n - CECL Reserve %: 1.75%\n- 4Q25:\n - Multifamily %: 82%\n - All Other %: 18%\n - CECL Reserve %: 1.20%\n- 1Q26:\n - Multifamily %: 81%\n - All Other %: 19%\n - CECL Reserve %: 0.90%\n- 2Q26:\n - Multifamily %: 81%\n - All Other %: 19%\n - CECL Reserve %: 1.00%\n: chart::>", "box": { "bottom": 0.9009712934494019, "left": 0.043301671743392944, "right": 0.9544607400894165, "top": 0.2855391800403595 }, "chunk_id": "ccd86c7e-b11c-408e-b056-6fc9140131fe", "job_id": "cmsgtp9fg00d4dn01rasg146b", "picture_ref": "#/pictures/47" } ], "tables": [], "context": [ { "page": 17, "kind": "text", "text": "\n\nCECL TREND ANALYSIS CHART", "box": { "bottom": 0.13227608799934387, "left": 0.04132789373397827, "right": 0.4119001626968384, "top": 0.06657812744379044 }, "chunk_id": "a3e06571-85c0-44a6-b294-4df7a8302d3e" }, { "page": 17, "kind": "text", "text": "\n\nSince 3Q24, market liquidity and volatility in the commercial real estate sector have caused a decrease in the CECL reserves to 0.99% at 2Q26", "box": { "bottom": 0.2188018560409546, "left": 0.0658506453037262, "right": 0.7418081760406494, "top": 0.16955184936523438 }, "chunk_id": "6c26d47e-793c-4c65-8b57-89a9c2125377" }, { "page": 17, "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", "box": { "bottom": 0.9478542804718018, "left": 0.08523310720920563, "right": 0.5302572250366211, "top": 0.9220319986343384 }, "chunk_id": "1391ce80-eeb5-4c07-8c7d-edb0675e2967" }, { "page": 17, "kind": "text", "text": "\n\nACRESREIT.COM (17)", "box": { "bottom": 0.9697134494781494, "left": 0.8385722637176514, "right": 0.9567680358886719, "top": 0.9250900745391846 }, "chunk_id": "6d29ed79-506c-4ead-bae5-f230552e9270" } ] }, { "page": 18, "status": "figures", "reason": "", "picture_classes": [ "bar_chart", "bar_chart" ], "table_refs": [], "job_id": "cmsgtpanz062rfo01h7yqetcz", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p18.ade.json", "figures": [ { "page": 18, "text": "\n\nQuarterly Net Interest Income per Share Sensitivity to Changes in SOFR\n\nJune 30, 2025\n<::bar chart showing Quarterly Net Interest Income per Share Sensitivity to Changes in SOFR for June 30, 2025:\n- Decreased 1.00%: $(0.07)\n- Decreased 0.50%: $(0.04)\n- No Change (SOFR: 4.32%): 0\n- Increased 0.50%: $0.05\n- Increased 1.00%: $0.09\n: chart::>\nSOFR Change\n\nJune 30, 2026\n<::bar chart showing Quarterly Net Interest Income per Share Sensitivity to Changes in SOFR for June 30, 2026:\n- Decreased 1.00%: $0.02\n- Decreased 0.50%: $(0.07)\n- No Change (SOFR: 3.65%): 0\n- Increased 0.50%: $0.08\n- Increased 1.00%: $0.16\n: chart::>\nSOFR Change ", "box": { "bottom": 0.9173088073730469, "left": 0.0437680184841156, "right": 0.956350564956665, "top": 0.2404440939426422 }, "chunk_id": "a0a5b373-49c8-4c7e-a2e0-dbcaa1847c00", "job_id": "cmsgtpanz062rfo01h7yqetcz", "picture_ref": "#/pictures/50" } ], "tables": [], "context": [ { "page": 18, "kind": "text", "text": "\n\nBENCHMARK SENSITIVITY ANALYSIS TREND", "box": { "bottom": 0.12962307035923004, "left": 0.04332384467124939, "right": 0.5756666660308838, "top": 0.07005810737609863 }, "chunk_id": "486ada69-754f-4831-9f95-0629cfc12ad0" }, { "page": 18, "kind": "text", "text": "\n\nAt June 30, 2026, the CRE loan portfolio is 99% floating rate loans that are indexed to one-month term SOFR with a weighted average floor of 2.22%", "box": { "bottom": 0.21233613789081573, "left": 0.04969087243080139, "right": 0.7496070861816406, "top": 0.17156179249286652 }, "chunk_id": "39ca150b-0059-4474-8dce-f06e593d5497" }, { "page": 18, "kind": "text", "text": "\n\nACRESREIT.COM 18", "box": { "bottom": 0.9694933295249939, "left": 0.8391503691673279, "right": 0.9557586312294006, "top": 0.924869954586029 }, "chunk_id": "44935fc2-ed6d-4900-9736-fb07aa3c5029" } ] }, { "page": 24, "status": "figures", "reason": "", "picture_classes": [ "photograph" ], "table_refs": [], "job_id": "cmsgtpb9h067jeq01blqk01un", "model": "dpt-2", "version": "dpt-2-20260410", "credits": 3.0, "reused": true, "response_artifact": "4833a7add23f5e06.p24.ade.json", "figures": [ { "page": 24, "text": "\n\n<::A close-up, angled photograph of a modern, multi-story building with a light blue-green filter applied. The building has a curved or octagonal facade composed of numerous large, rectangular windows set within white or light-colored frames. Each window appears to have shades or blinds partially drawn. The image captures several floors, showing the repetition of the window design and the geometric patterns created by the frames. The background is a plain, light green color, likely representing the sky or a distant element.\n: photo::>", "box": { "bottom": 0.9933028221130371, "left": 0.6957364678382874, "right": 0.9998325705528259, "top": 0.16244813799858093 }, "chunk_id": "e2caf1d9-68ad-4319-a2d5-06c7675f5377", "job_id": "cmsgtpb9h067jeq01blqk01un", "picture_ref": "#/pictures/64" } ], "tables": [], "context": [ { "page": 24, "kind": "text", "text": "\n\nACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures.", "box": { "bottom": 0.4787028431892395, "left": 0.06509003043174744, "right": 0.41377967596054077, "top": 0.36603957414627075 }, "chunk_id": "a861666c-18db-48b3-b067-27d1da02b128" }, { "page": 24, "kind": "text", "text": "\n\nAdditional information is available at the Company's website.\n\n<::transcription of the content\n: figure::>\n\nwww.acresreit.com", "box": { "bottom": 0.5974862575531006, "left": 0.06491446495056152, "right": 0.36068350076675415, "top": 0.5052777528762817 }, "chunk_id": "7fa59ce7-f070-41a1-a9ba-84cda66d555e" }, { "page": 24, "kind": "text", "text": "\n\n# CONTACT\n# INFORMATION\n---\n**Headquarters:**\n390 RXR Plaza\nUniondale, NY 11556\n---", "box": { "bottom": 0.6210891604423523, "left": 0.4513343572616577, "right": 0.7088361978530884, "top": 0.35975468158721924 }, "chunk_id": "e0b0015d-4be9-4c2a-95cb-093a5248a7cb" }, { "page": 24, "kind": "text", "text": "\n\nInvestor Relations:\nir@acresreit.com\n516-862-2385", "box": { "bottom": 0.7232261300086975, "left": 0.453391969203949, "right": 0.6577529311180115, "top": 0.6261412501335144 }, "chunk_id": "bdb33b29-615c-4122-9593-5778b3ed46ff" }, { "page": 24, "kind": "text", "text": "\n\nNew York Stock Exchange:\nCommon Stock Symbol: ACR\nPref. Stock Symbols: ACRPrC & ACRPrD", "box": { "bottom": 0.8392007350921631, "left": 0.4534860849380493, "right": 0.6352869272232056, "top": 0.7405312061309814 }, "chunk_id": "5588a92d-e4de-42a0-8ecd-0fff1d439f6c" } ] } ], "errors": [ "page 10: picture #/pictures/28 (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", "page 10: picture #/pictures/30 (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": [] }