Net income for Q1 2026 was $7.5 million, compared to a net loss of $0.7 million in Q1 2025. Net loss allocable to common shares was $1.0 million, or $0.16 per share, an improvement from the $5.9 million loss in the prior year period. Total assets increased to $2.5 billion as of March 31, 2026, from $2.2 billion at year-end 2025. The company closed a $1.0 billion CRE debt securitization (ACR 2026-FL4) in February 2026. The company announced an agreement to acquire its external manager, ACRES Capital, LLC, to become internally managed.