ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock
Rhea-AI Summary
ACRES Commercial Realty Corp (NYSE: ACR) announced quarterly cash dividends on its preferred stock to be paid January 30, 2026 to holders of record on January 2, 2026.
The Series C 8.625% Fixed-to-Floating cumulative redeemable preferred will pay $0.6103331 per share, reflecting a rate of 9.76533% (three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum). The Series D 7.875% cumulative redeemable preferred will pay $0.4921875 per share.
Positive
- Series C dividend of $0.6103331 per share payable Jan 30, 2026
- Series D dividend of $0.4921875 per share payable Jan 30, 2026
- Record date set for Jan 2, 2026 for both preferred series
Negative
- Series C rate is variable: three-month Term SOFR plus 5.927% (9.76533% on determination date)
- Cash outflow to preferred holders on Jan 30, 2026 reduces corporate liquidity
News Market Reaction
On the day this news was published, ACR gained 0.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/acres-commercial-realty-corp-declares-quarterly-cash-dividends-for-its-preferred-stock-302642571.html
SOURCE ACRES Commercial Realty Corp.