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. reports news on its commercial mortgage REIT business, including operating results, loan origination activity, portfolio management and equity investments in commercial real estate through direct ownership and joint ventures. The company focuses on originating, holding and managing commercial real estate mortgage loans and is externally managed by ACRES Capital, LLC.
Recurring updates include quarterly earnings releases, CRE CLO activity, real estate investment dispositions, preferred stock dividend declarations and corporate governance matters. News also covers capital-structure items tied to the company’s common stock, 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock and 7.875% Series D Cumulative Redeemable Preferred Stock.
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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