Welcome to our dedicated page for Acres Commercial Realty news (Ticker: ACR), a resource for investors and traders seeking the latest updates and insights on Acres Commercial Realty stock.
ACRES Commercial Realty Corp. (NYSE: ACR) is a real estate investment trust focused on originating, holding and managing commercial real estate mortgage loans and, in some cases, equity investments in commercial real estate properties. Its news flow reflects both its role as a public REIT and its concentration on commercial real estate finance.
Visitors to this news page will find press releases and updates referenced in the company’s public communications. These include announcements of quarterly operating results, details of preferred stock dividends and information on share repurchase authorizations. The company regularly reports GAAP net income or loss allocable to common shares for each quarter and provides accompanying earnings presentations and conference call details.
News items also cover decisions by the board of directors to declare cash dividends on the 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock and the 7.875% Series D Cumulative Redeemable Preferred Stock, with specified dividend amounts, payment dates and record dates. In addition, ACRES Commercial Realty Corp. issues releases when it reauthorizes additional capacity under its share repurchase program for both common and preferred stock.
Investors and analysts can use this page to follow the timing of earnings releases, conference call access information and updates on capital management actions such as repurchases and preferred dividends. For those tracking commercial real estate mortgage loan activity within a REIT structure, the company’s periodic commentary on its loan portfolio, financing facilities and project-related guaranties is reflected in its news and related filings. Bookmark this page for a centralized view of ACRES Commercial Realty Corp. news as reported through its public disclosures.
ACRES Commercial Realty Corp. (NYSE: ACR) has announced that it will release its third quarter 2024 results on Wednesday, October 30, 2024, after the market closes. The company will host a live conference call on Thursday, October 31, 2024, at 10:00 a.m. Eastern Time to discuss the results.
Investors and interested parties can access the call by dialing 1-800-274-8461 (U.S. domestic) or 1-203-518-9814 (International) with Conference ID ACRES. Alternatively, the call can be accessed from the investor relations section of the company's website at www.acresreit.com.
For those unable to attend the live call, a replay will be available on the company's website and telephonically through November 14, 2024 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International) with passcode 11156888.
ACRES Commercial Realty Corp (NYSE: ACR) has announced quarterly cash dividends for its preferred stock. The company will pay $0.6988981 per share on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, reflecting a rate of 11.18237%. This rate is based on the three-month Term SOFR plus a spread of 5.927% per annum. Additionally, ACR will pay $0.4921875 per share on its 7.875% Series D Cumulative Redeemable Preferred Stock. Both dividends are payable on October 30, 2024, to shareholders of record as of October 1, 2024. The floating rate period for Series C Preferred Stock dividends began on July 30, 2024.
ACRES Commercial Realty Corp. (NYSE: ACR) has announced the release date for its second quarter 2024 financial results. The company will disclose its Q2 2024 results on Wednesday, July 31, 2024, after market close. ACR will host a live conference call on Thursday, August 1, 2024, at 10:00 a.m. Eastern Time to discuss the results.
Investors and interested parties can join the call via telephone or webcast. The conference call can be accessed by dialing 1-800-267-6316 (U.S. domestic) or 1-203-518-9783 (International), using Conference ID NUWEQ2. Alternatively, participants can listen through the investor relations section of the company's website at www.acresreit.com. A replay of the call will be available on the company's website and by phone until August 15, 2024.
ACRES Commercial Realty Corp. (NYSE: ACR) announced that its Board of Directors declared cash dividends for its Preferred Stock. The 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock will receive a dividend of $0.5390625 per share, payable on July 30, 2024, to shareholders of record on July 1, 2024.
The 7.875% Series D Cumulative Redeemable Preferred Stock will receive a dividend of $0.4921875 per share, also payable on July 30, 2024, to shareholders of record on July 1, 2024.
ACRES Commercial Realty Corp. reported its first quarter 2024 results, with GAAP net income of $556,000, or $0.07 per share-diluted. President & CEO Mark Fogel emphasized portfolio stability and shareholder value enhancement opportunities. A detailed presentation is available on the company's website. A live conference call to discuss operating results will be held on May 2, 2024.
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