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ACRES Commercial Realty (ACRES Commercial Realty) Gross Property, Plant and Equipment : $20.07 Mil (As of Mar. 2024)


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What is ACRES Commercial Realty Gross Property, Plant and Equipment?

ACRES Commercial Realty's quarterly gross PPE declined from Sep. 2023 ($20.28 Mil) to Dec. 2023 ($20.16 Mil) and declined from Dec. 2023 ($20.16 Mil) to Mar. 2024 ($20.07 Mil).

ACRES Commercial Realty's annual gross PPE increased from Dec. 2021 ($6.35 Mil) to Dec. 2022 ($20.61 Mil) but then declined from Dec. 2022 ($20.61 Mil) to Dec. 2023 ($20.16 Mil).


ACRES Commercial Realty Gross Property, Plant and Equipment Historical Data

The historical data trend for ACRES Commercial Realty's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ACRES Commercial Realty Gross Property, Plant and Equipment Chart

ACRES Commercial Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 5.77 6.35 20.61 20.16

ACRES Commercial Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.50 20.39 20.28 20.16 20.07

ACRES Commercial Realty Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


ACRES Commercial Realty  (NYSE:ACR) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


ACRES Commercial Realty Gross Property, Plant and Equipment Related Terms

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ACRES Commercial Realty (ACRES Commercial Realty) Business Description

Industry
Traded in Other Exchanges
Address
390 RXR Plaza, Uniondale, New York, NY, USA, 11556
ACRES Commercial Realty Corp is a commercial real estate investment trust that focuses on real-estate-related assets and, to a lesser extent, commercial finance assets. The company invests in commercial real-estate-related assets, including whole loans, A notes, B notes, mezzanine loans, and mortgage-related securities, as well as commercial finance assets, which include other asset-backed securities, senior secured corporate loans, equipment leases and notes, trust preferred securities, debt tranches of collateralize debt obligations, and private equity investments mainly issued by financial institutions.
Executives
Eagle Point Credit Management Llc 10 percent owner 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Eagle Point Dif Gp I Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Dawanna Williams director 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Karen K Edwards director C/O ARBOR REALTY TRUST, 333 EARLE OVINGTON BOULEVARD, SUITE 900, UNIONDALE NY 11553
Jaclyn Jesberger officer: SVP, CLO & Secretary 865 MERRICK AVENUE, SUITE 200S, WESTBURY NY 11590
Andrew Fentress director 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Mark S Fogel director, officer: CEO and President 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Thomas C Elliott officer: EVP 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Matthew J Stern officer: President C/O ISLAND CAPITAL GROUP, LLC, 717 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10022
David J Bryant officer: SVP, CFO & Tresurer C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADEPHIA PA 19103
Jeffrey P Cohen director C/O ISLAND CAPITAL GROUP, LLC, 717 5TH AVENUE, 18TH FLOOR, NEW YORK NY 10022
Michele R. Weisbaum officer: SVP, Chief Legal Officer & Sec C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Robert C Lieber officer: CEO & President C/O ISLAND CAPITAL GROUP, LLC, 717 5TH AVENUE, 18TH FLOOR, NEW YORK NY 10022
Gary Ickowicz director C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Paul A Hughson officer: EVP C/O ISLAND CAPITAL GROUP, LLC, 717 5TH AVENUE, 18TH FLOOR, NEW YORK NY 10022