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.
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ACRES Commercial Realty Corp. (NYSE: ACR) announced its first quarter 2023 earnings release scheduled for May 3, 2023, after market closure. Investors are invited to join a conference call on May 4, 2023, at 11:00 a.m. Eastern Time. Participants can access the call by dialing 1-877-300-8521 for domestic calls or 1-412-317-6026 for international calls. For those who cannot attend, a replay will be available until May 18, 2023, by calling 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using passcode 10176564. ACRES Commercial Realty focuses on originating, holding, and managing commercial real estate mortgage loans and equity investments across various sectors, including multifamily and industrial properties in top U.S. markets.
ACRES Commercial Realty Corp. (NYSE: ACR) announced the declaration of cash dividends on its preferred stock. The 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock will yield a dividend of $0.5390625 per share, while the 7.875% Series D Cumulative Redeemable Preferred Stock will provide $0.4921875 per share. Both dividends are payable on May 1, 2023, to shareholders on record as of April 3, 2023.
This announcement underscores the company’s ongoing commitment to returning value to shareholders while reinforcing its position as a significant player in the commercial real estate sector.