Acres Commercial Realty Corp Stock Price, News & Analysis

ACRES Commercial Realty (NYSE:ACR) has announced a significant expansion of its share repurchase program, with the board approving an additional $10 million for repurchasing both common and preferred stock.

The company plans to execute these repurchases through various channels, including open market purchases, privately-negotiated transactions, and block purchases, all in compliance with federal securities laws, particularly Rules 10b-18 and 10b5-1 of the Securities Exchange Act of 1934.

The timing and volume of share repurchases will be determined by management based on market conditions and other factors. The company has explicitly stated that it cannot predict when or if any shares will be repurchased under this program.

ACRES Commercial Realty (NYSE: ACR) reported its Q1 2025 financial results, posting a GAAP net loss of $5.9 million, or $(0.80) per share-diluted. The real estate investment trust, which focuses on commercial real estate mortgage loans and equity investments, made strategic moves during the quarter.

CEO Mark Fogel highlighted two key developments:

• Implementation of a new financing facility to manage balance sheet liabilities
• Ongoing efforts to source and underwrite high-quality loans for portfolio expansion

The company will discuss these results in detail during a conference call scheduled for May 1, 2025, at 10:00 a.m. Eastern Time. Investors can access the call through the provided domestic and international dial-in numbers, with a replay available until May 15, 2025. Full quarterly results are available on the company's website.

ACRES Commercial Realty Corp. (NYSE: ACR) has scheduled its first quarter 2025 earnings release for Wednesday, April 30, 2025, after market close. The company will host a conference call to discuss the results on Thursday, May 1, 2025, at 10:00 a.m. Eastern Time.

Investors can access the live conference call via telephone by dialing 1-800-267-6316 (U.S. domestic) or 1-203-518-9783 (International) with Conference ID ACRES. Alternatively, the call can be accessed through the investor relations section of the company's website at www.acresreit.com.

A replay of the conference call will be available on the company's website and by phone until May 15, 2025, by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International) with passcode 11158543.

ACRES Commercial Realty Corp (NYSE: ACR) has announced quarterly cash dividend declarations for its preferred stock series. The company will distribute:

• A dividend of $0.6383681 per share on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, reflecting a 10.21389% rate (three-month Term SOFR plus 5.927% spread)
• A dividend of $0.4921875 per share on its 7.875% Series D Cumulative Redeemable Preferred Stock

Both dividends will be paid on April 30, 2025, to stockholders of record as of April 1, 2025.

ACRES Commercial Realty (NYSE: ACR) has announced significant financial restructuring moves, including the complete repurchase of assets in ACRES Commercial Realty 2021-FL1 and 2021-FL2 securitizations and clearing its existing JP Morgan warehouse facility balance. The company has simultaneously secured a new $940 million managed facility with JP Morgan Chase Bank N.A.

The new facility, designed to leverage commercial mortgage loan investments, features a two-year reinvestment period and provides term funding with underlying loans. According to CEO Mark Fogel, this financing arrangement aims to diversify the company's capital sources at competitive pricing, supporting their business strategy and potential return enhancement.

ACRES Commercial Realty Corp. (NYSE: ACR), a real estate investment trust focused on commercial real estate mortgage loans and equity investments, reported its Q4 and full-year 2024 results. The company achieved a GAAP net income of $4.1 million, or $0.52 per diluted share, for Q4 2024.

CEO Mark Fogel highlighted that 2024 saw healthy loan payoffs and renewed transactional activity in real estate markets. The company's strategy remains focused on proactive portfolio management and aims to grow its loan portfolio in 2025 by investing with experienced sponsors in high-growth markets nationwide.

ACRES Commercial Realty Corp. (NYSE: ACR) has scheduled its fourth quarter 2024 earnings release for March 5, 2025, after market close. The company will host a conference call to discuss the results on March 6, 2025, at 10:00 a.m. Eastern Time.

Investors can access the live conference call by dialing 1-800-274-8461 (U.S. domestic) or 1-203-518-9814 (International) with Conference ID ACRES, or through the investor relations section of the company's website. A replay will be available on the website and by phone until March 20, 2025, using 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International) with passcode 11157750.

ACRES Commercial Realty Corp. (NYSE: ACR) has announced that its board of directors has authorized an additional $5 million share repurchase program for both common and preferred stock. The company plans to execute these repurchases through various methods including open market purchases, privately-negotiated transactions, and block purchases, in compliance with federal securities laws, specifically Rules 10b-18 and 10b5-1 of the Securities Exchange Act of 1934. The timing and volume of repurchases will be determined by management based on market conditions and other factors.

ACRES Commercial Realty Corp. (NYSE: ACR) has announced quarterly cash dividend declarations for its preferred stock series. The company will pay a $0.6572606 per share dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, reflecting a rate of 10.51617% (three-month Term SOFR plus 5.927%). Additionally, a $0.4921875 per share dividend will be paid on its 7.875% Series D Cumulative Redeemable Preferred Stock. Both dividends will be payable on January 30, 2025, to shareholders of record as of January 2, 2025.