Added to YB: 2024-01-05
Pitch date: 2024-01-05
ACR [bullish]
ACRES Commercial Realty Corp.
+148.27%
current return
Author Info
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Company Info
ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States.
Market Cap
$147.5M
Pitch Price
$9.55
Price Target
25.00 (+5%)
Dividend
N/A
EV/EBITDA
N/A
P/E
501.10
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
value
$ACR: Trading at massive discount to $25 book value
ACR: CRE bridge lender w/ multi-family focus. Market fears sponsors can't refi, leaving ACR w/ keys. Oaktree sponsored, likely stronger than avg. No div = flexibility to plug holes or buyback shares. Rallied w/ Fed pivot but still 61% disc to $25 book at $9.80
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