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) announced cash dividends on its Preferred Stock. Shareholders will receive $0.5390625 per share for the 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock and $0.4921875 per share for the 7.875% Series D Cumulative Redeemable Preferred Stock. Both dividends will be paid on October 31, 2022, to holders of record as of October 3, 2022. ACRES is focused on managing commercial real estate mortgage loans and equity investments.
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ACRES Commercial Realty Corp. (ACR) reported a GAAP net income of $690,000, or $0.08 per diluted share, for Q2 2022. CEO Mark Fogel expressed confidence in the company's portfolio management amid current market conditions. ACR will discuss its earnings on a live call on August 4, 2022, at 5:00 p.m. ET. A replay will be available until August 18, 2022. Full results can be found on their website.
ACRES Commercial Realty Corp. (NYSE: ACR) will announce its second quarter 2022 financial results on August 4, 2022, after market close. A live conference call will occur at 5:00 p.m. Eastern Time on the same day, accessible via telephone at 1-877-300-8521 (domestic) or 1-412-317-6026 (international) with the passcode 10168048. A replay will be available until August 18, 2022. ACRES focuses on managing commercial real estate mortgage loans and equity investments. For more details, visit www.acresreit.com.
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.