ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock

Rhea-AI Summary

ACRES Commercial Realty Corp (NYSE: ACR) declared cash dividends on its preferred stock payable April 30, 2026 to holders of record on April 1, 2026.

The Series C dividend is $0.599615 per share (rate 9.59384%, three‑month Term SOFR plus 5.927%). The Series D dividend is $0.4921875 per share.

Positive

• Series C dividend $0.599615 per share payable April 30, 2026
• Series D dividend $0.4921875 per share payable April 30, 2026
• Series C rate set at 9.59384% (SOFR + 5.927%) on determination date

Negative

• Series C dividend variability due to three‑month Term SOFR linkage
• April 30 cash payments create near‑term cash outflow for the company

News Market Reaction – ACR

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In the Mar 20 session, ACR gained 0.96%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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UNIONDALE, N.Y., March 19, 2026 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that its Board of Directors declared cash dividends on its Preferred Stock.

The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") in the amount of $0.599615 per share, which reflects a rate of 9.59384%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on April 30, 2026, to holders of record on April 1, 2026.

The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The dividend will be payable on April 30, 2026, to holders of record on April 1, 2026.

About ACRES Commercial Realty Corp.

ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at IR@acresreit.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.

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SOURCE ACRES Commercial Realty Corp.

FAQ

What dividend did ACRES (ACR) declare for its Series C preferred stock on March 19, 2026?

ACR declared a Series C dividend of $0.599615 per share. According to the company, this reflects a rate of 9.59384%, equal to three‑month Term SOFR on the dividend determination date plus a 5.927% spread.

When will ACRES (ACR) pay the Series C and Series D preferred dividends announced March 19, 2026?

ACR will pay both preferred dividends on April 30, 2026. According to the company, the payment date applies to holders of record as of April 1, 2026 for each series.

How much is ACRES (ACR) paying for its Series D preferred dividend declared March 19, 2026?

ACR announced a Series D dividend of $0.4921875 per share. According to the company, this cash dividend is payable April 30, 2026 to holders of record on April 1, 2026.

What does the Series C dividend formula mean for ACRES (ACR) shareholders in 2026?

The Series C dividend is floating: three‑month Term SOFR plus 5.927%. According to the company, that means future payouts will vary with prevailing three‑month Term SOFR levels on determination dates.

Who is eligible to receive ACRES (ACR) preferred dividends declared March 19, 2026?

Holders of record as of April 1, 2026 are eligible for the April 30, 2026 payments. According to the company, both Series C and Series D dividends follow the same record and payment dates.

Will the ACRES (ACR) March 19, 2026 dividend announcement affect common shareholders directly?

The announcement concerns preferred stock dividends only and does not change common dividend policy. According to the company, the declared cash payments apply specifically to Series C and Series D preferred shares.