ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock
Rhea-AI Summary
ACRES Commercial Realty (NYSE: ACR) declared quarterly cash dividends on its preferred stock. The 8.625% Fixed-to-Floating Series C Preferred dividend is $0.5993994 per share, reflecting a 9.59039% rate based on three-month Term SOFR plus 5.927%.
The 7.875% Series D Preferred dividend is $0.4921875 per share. Both dividends are payable on July 30, 2026 to shareholders of record as of July 1, 2026.
Positive
- Series C preferred dividend of $0.5993994 per share declared
- Series C dividend rate set at 9.59039%, Term SOFR plus 5.927%
- Series D preferred dividend of $0.4921875 per share declared
- Both preferred dividends payable July 30, 2026 to July 1, 2026 record holders
Negative
- None.
News Market Reaction – ACR
In the May 28 session, ACR gained 1.81%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company will pay a cash dividend on its
The Company will also pay a cash dividend on its
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
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.