ACRES Commercial Realty Corp. Reauthorizes an Additional $7.5 Million Share Repurchase Program

Rhea-AI Summary

ACRES Commercial Realty Corp (NYSE:ACR) announced that its board authorized an additional $7.5 million under its existing share repurchase program to buy outstanding common and preferred stock.

The company said repurchases may occur via open-market purchases, privately-negotiated transactions, block purchases or other permitted methods under Rule 10b-18 and 10b5-1 of the Exchange Act. The company also said it cannot predict whether or when any shares will be repurchased; timing and amounts will be determined by management based on market conditions and other factors.

Positive

• $7.5 million additional share repurchase authorization
• Authorization covers both common and preferred stock
• Permitted methods include open-market, negotiated, and block purchases

Negative

• Company did not commit to repurchase shares; timing and amounts uncertain

UNIONDALE, N.Y., Oct. 29, 2025 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that its board of directors (the "Board") authorized and approved the continued use of its existing share repurchase program to repurchase an additional $7.5 million of the outstanding shares of both its common and preferred stock. Under the share repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and 10b5-1 of the Securities Exchange Act of 1934 (the "Exchange Act").

The Company cannot predict when or if it will repurchase any shares of common and preferred stock and the timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors.

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 Exchange Act, 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-reauthorizes-an-additional-7-5-million-share-repurchase-program-302598851.html

SOURCE ACRES Commercial Realty Corp.

FAQ

What did ACRES Commercial Realty Corp (ACR) announce on October 29, 2025 about share repurchases?

The board authorized an additional $7.5 million under its existing share repurchase program for common and preferred stock.

How will ACR execute the $7.5 million repurchase authorization?

The company may repurchase shares via open-market purchases, privately‑negotiated transactions, block purchases or other permitted methods under Rule 10b-18 and 10b5-1.

Does ACRES (ACR) guarantee it will buy back shares under the newly authorized $7.5 million?

No. The company said it cannot predict when or if it will repurchase any shares; decisions depend on management’s evaluation of market conditions and other factors.

Does the $7.5 million authorization apply to preferred shares for ACR (NYSE:ACR)?

Yes. The authorization explicitly covers repurchases of both common and preferred stock.

Will ACR use a 10b5-1 plan to execute the repurchases announced October 29, 2025?

The company said repurchases may be made in accordance with Rule 10b-18 and 10b5-1, but did not specify whether a specific 10b5-1 plan is in place.

How should investors interpret ACR’s additional $7.5M buyback authorization?

It signals board approval to repurchase up to $7.5 million of stock, but it is non-binding until management elects to execute purchases.