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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) will release its first quarter 2021 results on May 5, 2021, after market close. A live conference call will be held the same day at 5:00 p.m. Eastern Time, accessible via phone or webcast. Domestic callers can dial 1-877-407-0789, while international participants should use 1-201-689-8562 with the passcode 13718962. A replay will be available until May 19, 2021. ACRES primarily focuses on commercial real estate mortgage loans and is managed by ACRES Capital, LLC.
ACRES Commercial Realty Corp. (NYSE: ACR) declared a cash dividend of $0.5390625 per share on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock. This dividend is for the period from January 31, 2021 to April 30, 2021 and will be paid on April 30, 2021 to shareholders of record as of April 1, 2021. The company focuses on commercial real estate mortgage loans and related debt investments, providing strong returns to investors.
ACRES Commercial Realty Corp. (NYSE: ACR) reported its results for the year ended December 31, 2020. The company experienced a GAAP net income of $21.5 million or $1.95 per share diluted in Q4 2020. However, it reported a significant net loss of $208.1 million or $(19.33) per share for the full year. ACR announced a one-for-three reverse stock split effective February 16, 2021. The company resumed loan originations, generating $83 million in commercial loans in Q4 2020.
ACRES Commercial Realty Corp. (NYSE: ACR) announced that it will report its fourth quarter and fiscal year 2020 results on March 4, 2021, after market close. Investors can participate in a live conference call at 5:00 p.m. Eastern Time on the same day by dialing 1-877-407-0789 for U.S. calls or 1-201-689-8562 for international calls, using passcode 13716075. Additionally, a replay of the call will be available until March 18, 2021. The company focuses on commercial real estate mortgage loans and is externally managed by ACRES Capital, LLC.
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