Filing Flows › Acres Commercial Realty (ACR) › Q4 2024
Acres Commercial Realty (ACR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 17, 2025
Acres Commercial Realty (ACR) reported revenue of $21.4M for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and -4% from the quarter before. Operating margin was 11.0%, net earnings $4.1M (19.1% of revenue).
Acres Commercial Realty, Q4 2024: revenue $21.4M (-4% year over year), operating margin 11.0%, net earnings $4.1M, operating cash flow $757K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.4M | -4% | -5% |
| Operating profit | $2.4M | -55% | -63% |
| Net earnings | $4.1M | +45% | +141% |
| Operating cash flow | $757K | -91% | -92% |
What changed
Revenue was $21.4M in Q4 2024, down 5% year over year and down 4% from the previous quarter.
Operating profit was $2.4M, a 11.0% margin (down 17.3 points year over year). Total costs grew 18% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $4.1M, up 141% year over year. The effective tax rate was -0.1%. Non-operating items added $7.0M, 75% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $757K (down 92% year over year), 8% of net income including minority interests. Non-cash charges added back $4.5M of depreciation and amortization. Working capital and other items used $13.1M.
Questions
What was Acres Commercial Realty's revenue in the fourth quarter 2024?
Acres Commercial Realty (ACR) reported revenue of $21.4M for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and -4% from the quarter before.
Was Acres Commercial Realty profitable in the fourth quarter 2024?
Operating profit was $2.4M (11.0% of revenue) and net earnings $4.1M.