Acres Commercial Realty Corp Stock Price, News & Analysis

ACRES Commercial Realty Corp. (NYSE: ACR) announced cash dividends for its Preferred Stock. Shareholders will receive $0.5390625 per share for the 8.625% Fixed-to-Floating Series C stock, and $0.4921875 per share for the 7.875% Series D stock. Both dividends will be paid on August 1, 2022, to holders of record as of July 1, 2022. The company focuses on originating and managing commercial real estate mortgage loans and equity investments.

On May 5, 2022, ACRES Commercial Realty Corp (NYSE: ACR) reported a GAAP net loss of $2.8 million, equating to $(0.30) per share for the quarter ending March 31, 2022. CEO Mark Fogel emphasized the company's focus on credit quality and proactive portfolio management to enhance earnings and shareholder value. A detailed presentation of the results is available on their website. An earnings call is scheduled for the same day at 5:00 PM ET.

ACRES Commercial Realty Corp. (NYSE: ACR) announced that it will publish its first quarter 2022 results on May 5, 2022, after market closure. A live conference call is scheduled for the same day at 5:00 p.m. Eastern Time, accessible via phone or webcast. Interested parties can dial 1-800-926-9801 for domestic or 1-212-231-2936 for international access, using passcode 22017480. A replay will be available until May 19, 2022. ACRES focuses on commercial real estate mortgage loans and equity investments.

ACRES Commercial Realty Corp. (NYSE: ACR) has declared cash dividends for its Preferred Stock. The dividend for its 8.625% Fixed-to-Floating Series C will be $0.5390625 per share, payable on May 2, 2022, to holders of record by April 1, 2022. For the 7.875% Series D, the dividend will be $0.4921875 per share, also payable on May 2, 2022, to holders of record by April 1, 2022. This announcement underlines the Company’s commitment to providing returns to its shareholders.

ACRES Commercial Realty Corp. (NYSE: ACR) announced its financial results for Q4 and the year ending December 31, 2021. The company reported a GAAP net income of $7.3 million ($0.76 per diluted share) for Q4 and $18.0 million ($1.85 per diluted share) for the full year. Notably, 2021 marked a record year for ACR, with over $1.5 billion in loan originations and securitizations. The CEO emphasized a strong loan portfolio and growth opportunities. A live earnings call is scheduled for March 3, 2022, at 5:00 p.m. ET.

ACRES Commercial Realty Corp. (NYSE:ACR) will announce its fourth quarter 2021 results on March 3, 2022, after market close. A live conference call is scheduled for the same day at 5:00 p.m. Eastern Time, accessible via phone or webcast. Investors can join by calling 1-877-407-0792 (U.S.) or 1-201-689-8263 (International) with the passcode 13727272. A replay of the call will be available until March 17, 2022.

ACRES specializes in commercial real estate mortgage loans and related debt investments.

On December 23, 2021, ACRES Commercial Realty Corp. (NYSE: ACR) announced cash dividends for its Preferred Stock. Holders of the 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock will receive $0.5390625 per share, while those holding the 7.875% Series D Cumulative Redeemable Preferred Stock will receive $0.4921875 per share. Both dividends are payable on January 31, 2022, to shareholders of record as of January 3, 2022. This announcement reflects the company's commitment to returning value to shareholders.

ACRES Commercial Realty Corp. (NYSE: ACR) announced the issuance of $567 million in non-recourse, floating-rate notes through its newly formed subsidiaries. The Offered Notes will be aligned with a weighted average cost of LIBOR+180 basis points. The company’s total capacity for financing commercial real estate loans now stands at approximately $1.5 billion. The transaction, which includes various classes of notes rated by Moody's and DBRS Morningstar, is set to close by December 21, 2021.

ACRES Commercial Realty Corp. (NYSE:ACR) has reauthorized its existing share repurchase program for up to $20 million of its outstanding common stock. Initially approved in March 2016, the program allows shares to be repurchased through various methods in compliance with federal securities laws. The exact timing and amount of share repurchases will be determined by management based on market conditions. This initiative aims to enhance shareholder value, although no specific timeline for repurchase has been established.