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Side-by-side financial comparison of ACRES Commercial Realty Corp. (ACR) and Ares Commercial Real Estate Corp (ACRE). Click either name above to swap in a different company.
ACRES Commercial Realty Corp. is the larger business by last-quarter revenue ($20.0M vs $13.2M, roughly 1.5× Ares Commercial Real Estate Corp). ACRES Commercial Realty Corp. runs the higher net margin — 31.6% vs -29.2%, a 60.9% gap on every dollar of revenue. On growth, ACRES Commercial Realty Corp. posted the faster year-over-year revenue change (-6.5% vs -24.5%). Over the past eight quarters, ACRES Commercial Realty Corp.'s revenue compounded faster (3.3% CAGR vs -15.9%).
Piramal Realty is an Indian real estate company, founded in 2012 and headquartered in Mumbai, India. It is a part of the Piramal Group. The company focuses on the development of residential and commercial properties, with projects under development covering an estimated 15 million square feet. Among its notable projects include Piramal Aranya, Piramal Mahalaxmi, Piramal Revanta, Piramal Vaikunth and Piramal Agastya.
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
ACR vs ACRE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $20.0M | $13.2M |
| Net Profit | $6.3M | $-3.9M |
| Gross Margin | — | — |
| Operating Margin | 30.8% | -29.2% |
| Net Margin | 31.6% | -29.2% |
| Revenue YoY | -6.5% | -24.5% |
| Net Profit YoY | -32.0% | 63.8% |
| EPS (diluted) | $-0.41 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $20.0M | $13.2M | ||
| Q3 25 | $21.0M | $14.1M | ||
| Q2 25 | $21.9M | $12.6M | ||
| Q1 25 | $17.0M | $14.9M | ||
| Q4 24 | $21.4M | $17.5M | ||
| Q3 24 | $22.4M | $16.7M | ||
| Q2 24 | $20.9M | $16.8M | ||
| Q1 24 | $18.8M | $18.7M |
| Q4 25 | $6.3M | $-3.9M | ||
| Q3 25 | $18.0M | $4.7M | ||
| Q2 25 | $4.3M | $-11.0M | ||
| Q1 25 | $-730.0K | $9.3M | ||
| Q4 24 | $9.3M | $-10.7M | ||
| Q3 24 | $8.1M | $-5.9M | ||
| Q2 24 | $6.4M | $-6.1M | ||
| Q1 24 | $4.9M | $-12.3M |
| Q4 25 | 30.8% | -29.2% | ||
| Q3 25 | 85.8% | 33.0% | ||
| Q2 25 | 19.8% | -87.8% | ||
| Q1 25 | -3.8% | 64.4% | ||
| Q4 24 | 43.4% | -61.0% | ||
| Q3 24 | 36.4% | -35.3% | ||
| Q2 24 | 30.8% | -36.5% | ||
| Q1 24 | 26.2% | -65.9% |
| Q4 25 | 31.6% | -29.2% | ||
| Q3 25 | 85.8% | 33.0% | ||
| Q2 25 | 19.8% | -87.8% | ||
| Q1 25 | -4.3% | 62.5% | ||
| Q4 24 | 43.5% | -60.9% | ||
| Q3 24 | 36.0% | -35.3% | ||
| Q2 24 | 30.6% | -36.5% | ||
| Q1 24 | 26.2% | -65.9% |
| Q4 25 | $-0.41 | — | ||
| Q3 25 | $1.34 | — | ||
| Q2 25 | $-0.10 | — | ||
| Q1 25 | $-0.80 | — | ||
| Q4 24 | $0.51 | — | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.8M | $29.3M |
| Total DebtLower is stronger | $1.6B | $948.2M |
| Stockholders' EquityBook value | $420.8M | $509.6M |
| Total Assets | $2.2B | $1.6B |
| Debt / EquityLower = less leverage | 3.68× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.8M | $29.3M | ||
| Q3 25 | $40.9M | $84.9M | ||
| Q2 25 | $42.7M | $90.0M | ||
| Q1 25 | $66.0M | $125.5M | ||
| Q4 24 | $56.7M | $63.8M | ||
| Q3 24 | $70.1M | $68.9M | ||
| Q2 24 | $89.6M | $70.6M | ||
| Q1 24 | $84.6M | $99.5M |
| Q4 25 | $1.6B | $948.2M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.4B | $718.5M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $420.8M | $509.6M | ||
| Q3 25 | $432.9M | $521.0M | ||
| Q2 25 | $425.3M | $523.7M | ||
| Q1 25 | $430.1M | $542.1M | ||
| Q4 24 | $439.1M | $540.1M | ||
| Q3 24 | $436.3M | $563.8M | ||
| Q2 24 | $434.0M | $582.3M | ||
| Q1 24 | $432.8M | $601.1M |
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $2.1B | $2.1B |
| Q4 25 | 3.68× | 1.86× | ||
| Q3 25 | 2.76× | — | ||
| Q2 25 | 3.10× | — | ||
| Q1 25 | 2.97× | — | ||
| Q4 24 | 3.12× | 1.33× | ||
| Q3 24 | 3.43× | — | ||
| Q2 24 | 3.67× | — | ||
| Q1 24 | 3.79× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.3M | $4.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3M | $4.6M | ||
| Q3 25 | $-9.4M | $3.8M | ||
| Q2 25 | $11.8M | $4.9M | ||
| Q1 25 | $-4.6M | $8.0M | ||
| Q4 24 | $757.0K | $7.1M | ||
| Q3 24 | $8.4M | $8.4M | ||
| Q2 24 | $6.9M | $8.7M | ||
| Q1 24 | $3.3M | $11.4M |
| Q4 25 | 1.00× | — | ||
| Q3 25 | -0.52× | 0.82× | ||
| Q2 25 | 2.72× | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | 1.05× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 0.68× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACR
| Other | $10.8M | 54% |
| Pacmulti JVLLC | $5.2M | 26% |
| Mccallum Jv Llc | $2.5M | 12% |
| Office Complex | $1.5M | 7% |
ACRE
Segment breakdown not available.
