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.
ACRES Commercial Realty Corp. (NYSE: ACR) has partnered with Project Destined to promote financial literacy and entrepreneurship among students from underserved communities. The initiative will provide real-world experience and mentorship in commercial real estate to 15 selected students from various colleges, including NYU and Cornell. This partnership aims to prepare students for careers in real estate through hands-on learning, including evaluating actual deals and competing for scholarships. ACRES CEO, Mark Fogel, emphasized the importance of nurturing the next generation of real estate leaders through this engagement.
ACRES Commercial Realty Corp (NYSE: ACR) reported a GAAP net loss of $7.4 million, or $0.87 per diluted share, for the quarter ended December 31, 2022. Despite this loss, President & CEO Mark Fogel expressed confidence in the quality of the investment portfolio and the company's commitment to shareholder value. ACR's detailed quarterly results presentation is available on their website. Additionally, the company plans to hold a live conference call on March 2, 2023, at 5:00 p.m. ET to discuss these results further.
ACRES Commercial Realty Corp. (NYSE: ACR) announced it will release its fourth quarter and year-end results on March 2, 2023, after market close. Investors are invited to join a live conference call at 5:00 p.m. ET on the same day, accessible via telephone or webcast. Dial-in options include 1-877-300-8521 (U.S.) or 1-412-317-6026 (International) with the passcode 10174643. A replay will be available until March 16, 2023. ACRES focuses on originating, holding, and managing commercial real estate mortgage loans and investments, primarily in multifamily, student housing, and other sectors across the U.S.
ACRES Commercial Realty Corp. (NYSE: ACR) announced cash dividends for its Preferred Stock, declaring $0.5390625 per share for the 8.625% Series C and $0.4921875 per share for the 7.875% Series D. Both dividends will be paid on January 30, 2023, to shareholders on record as of January 2, 2023. This announcement reaffirms the company’s commitment to providing value to its investors through consistent dividend payments, positioning itself favorably in the commercial real estate sector.
ACRES Commercial Realty Corp. (NYSE: ACR) reported a GAAP net income of $713,000, or $0.08 per diluted share, for the quarter ended September 30, 2022. CEO Mark Fogel emphasized a commitment to delivering long-term value by focusing on high-quality investments and portfolio management. A detailed presentation of quarterly results is available on the company’s website. ACR will host an earnings call on November 3, 2022, to discuss its Q3 2022 performance, with a replay accessible until November 17, 2022.
ACRES Commercial Realty Corp. (NYSE: ACR) will announce its third quarter 2022 results on November 3, 2022, after market closure. Investors are invited to participate in a live conference call on the same day at 5:00 p.m. Eastern Time, accessible via telephone or webcast. Domestic participants can call 1-877-300-8521, while international callers can dial 1-412-317-6026 with passcode 10171035. A replay will be available until November 17, 2022. ACRES focuses on commercial real estate mortgage loans and equity investments through direct ownership and joint ventures.