{ "chunks": [ { "id": "87cba61b-89d8-4d7b-a1ec-ea9415ec9527", "grounding": { "box": { "bottom": 0.12793658673763275, "left": 0.0437270849943161, "right": 0.3879948854446411, "top": 0.06928607076406479 }, "page": 0 }, "markdown": "\n\nBALANCE SHEET OVERVIEW", "type": "text" }, { "id": "060e7345-5786-4bad-b4f8-b02216fa3902", "grounding": { "box": { "bottom": 0.8736453652381897, "left": 0.04310593008995056, "right": 0.3352419137954712, "top": 0.13923877477645874 }, "page": 0 }, "markdown": "\n\n\n\n\n\n\n\n\n\n\n\n\n
2Q26 Balance Sheet Overview
Total Assets ($B)$2.4
Total Liquidity ($M)$82.7
CRE Whole Loans, at par ($B)\nWA Spread$2.1\n3.28%
CECL Reserve - General ($M)\nPer BV Share\u00b9 / Basis Points$21.1\n$2.98/0.99%
Investments in Real Estate and Properties Held for Sale, net\u00b2 ($M) Number of Investments$104.6\n5
Total Borrowings, at cost ($B)\nLeverage Ratio$1.8\n3.2x
Asset Specific Borrowings, at par ($B)\nWA Spread$1.6\n1.81%
Corporate Debt, at par ($M)\nWA Coupon$201.5\n6.30%
Preferred and Common Equity\u00b3 ($M)\nDividend %: WA Preferred / Common$224.0/$326.2\n8.76% / NA
", "type": "table" }, { "id": "21ed9510-b239-48e7-8a97-32407b58d93d", "grounding": { "box": { "bottom": 0.4893031120300293, "left": 0.3539447784423828, "right": 0.9568532705307007, "top": 0.14024235308170319 }, "page": 0 }, "markdown": "\n\n<::Summary of Changes to Book Value per Share \u00b9\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::>", "type": "figure" }, { "id": "32472b26-017c-4d00-a8e2-85e89981a532", "grounding": { "box": { "bottom": 0.8741246461868286, "left": 0.35361647605895996, "right": 0.9572106599807739, "top": 0.5241638422012329 }, "page": 0 }, "markdown": "\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::>", "type": "figure" }, { "id": "cc189917-dea7-4282-88b1-02d5548ec08c", "grounding": { "box": { "bottom": 0.9468305110931396, "left": 0.08292074501514435, "right": 0.5249724388122559, "top": 0.891830325126648 }, "page": 0 }, "markdown": "\n\n\u00b9 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\n\u00b2 Investments in real estate and properties held for sale are shown net of related financings and real estate related lease obligations\n\u00b3 Includes $136.9 million of non-controlling interests", "type": "text" }, { "id": "781d2c2d-fff6-48c9-8e60-f3991f221937", "grounding": { "box": { "bottom": 0.9768223166465759, "left": 0.04587121307849884, "right": 0.08280310034751892, "top": 0.9165778756141663 }, "page": 0 }, "markdown": "\n\n<::logo: Undetermined\nA\nA dark green stylized letter \"A\" is enclosed within a circular, hand-drawn outline.::>", "type": "logo" }, { "id": "37196402-af1b-485e-bcc3-d60a7da95114", "grounding": { "box": { "bottom": 0.9696345925331116, "left": 0.8389955163002014, "right": 0.9557093977928162, "top": 0.9235623478889465 }, "page": 0 }, "markdown": "\n\nACRESREIT.COM (6)", "type": "text" } ], "markdown": "\n\nBALANCE SHEET OVERVIEW\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
2Q26 Balance Sheet Overview
Total Assets ($B)$2.4
Total Liquidity ($M)$82.7
CRE Whole Loans, at par ($B)\nWA Spread$2.1\n3.28%
CECL Reserve - General ($M)\nPer BV Share\u00b9 / Basis Points$21.1\n$2.98/0.99%
Investments in Real Estate and Properties Held for Sale, net\u00b2 ($M) Number of Investments$104.6\n5
Total Borrowings, at cost ($B)\nLeverage Ratio$1.8\n3.2x
Asset Specific Borrowings, at par ($B)\nWA Spread$1.6\n1.81%
Corporate Debt, at par ($M)\nWA Coupon$201.5\n6.30%
Preferred and Common Equity\u00b3 ($M)\nDividend %: WA Preferred / Common$224.0/$326.2\n8.76% / NA
\n\n\n\n<::Summary of Changes to Book Value per Share \u00b9\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::>\n\n\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::>\n\n\n\n\u00b9 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\n\u00b2 Investments in real estate and properties held for sale are shown net of related financings and real estate related lease obligations\n\u00b3 Includes $136.9 million of non-controlling interests\n\n\n\n<::logo: Undetermined\nA\nA dark green stylized letter \"A\" is enclosed within a circular, hand-drawn outline.::>\n\n\n\nACRESREIT.COM (6)", "metadata": { "credit_usage": 3.0, "duration_ms": 14228, "filename": "p6.pdf", "job_id": "cmsgtox9l00d1dn01upmbhgie", "org_id": "dlh8mka28ml4", "page_count": 1, "version": "dpt-2-20260410", "failed_pages": [] }, "splits": [ { "chunks": [ "87cba61b-89d8-4d7b-a1ec-ea9415ec9527", "060e7345-5786-4bad-b4f8-b02216fa3902", "21ed9510-b239-48e7-8a97-32407b58d93d", "32472b26-017c-4d00-a8e2-85e89981a532", "cc189917-dea7-4282-88b1-02d5548ec08c", "781d2c2d-fff6-48c9-8e60-f3991f221937", "37196402-af1b-485e-bcc3-d60a7da95114" ], "class_": "full", "identifier": "full", "markdown": "\n\nBALANCE SHEET OVERVIEW\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
2Q26 Balance Sheet Overview
Total Assets ($B)$2.4
Total Liquidity ($M)$82.7
CRE Whole Loans, at par ($B)\nWA Spread$2.1\n3.28%
CECL Reserve - General ($M)\nPer BV Share\u00b9 / Basis Points$21.1\n$2.98/0.99%
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Total Borrowings, at cost ($B)\nLeverage Ratio$1.8\n3.2x
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Corporate Debt, at par ($M)\nWA Coupon$201.5\n6.30%
Preferred and Common Equity\u00b3 ($M)\nDividend %: WA Preferred / Common$224.0/$326.2\n8.76% / NA
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