Added to YB: 2021-02-18
Pitch date: 2021-02-18
ACR [bullish]
ACRES Commercial Realty Corp.
+113.8%
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
$11.09
Price Target
14.00 (-41%)
Dividend
N/A
EV/EBITDA
N/A
P/E
501.10
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
turnaround
Acres Commercial Realty: Yet Another Name Change, fka XAN, fka RSO
ACR: Rebranded CRE lender back to transitional loans post CMBS losses in '20. Oaktree/MassMutual provided rescue financing. New mgmt (Arbor alumni) pivoting to multifamily. Trades at discount to book post reverse split. Levered but low cost CLO debt. $1.50 EPS power + accretive buybacks. 80-85% BV upside target.
Read full article (3 min)