ACRES Commercial (ACR) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -61.90%. A quarter ago, it was expected that this commercial real estate investment trust would post earnings of $0.58 per share when it actually produced earnings of $0.55, delivering a surprise of -5.17%.Over the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 01, 2024 ACRES Commercial Realty Corp. (Exact name of Registrant as Specified in Its Charter) Maryland 1-32733 20-2287134 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No .) 390 RXR Plaza Uniondale, New York 11556 (Address of Principal ...

GrandviewGraphics/iStock via Getty Images ACRES Commercial Realty's (NYSE:ACR) remarkable discount to its book value remains steep even after its 50% 1-year rally. The commercial mortgage REIT last reported a GAAP book value per share of $26.65 at the end of its fiscal 2023 fourth quarter, this was a sequential increase of $1.58 per share primarily on the back of the mREIT's stock buyback program that saw its weighted average number of outstanding shares end the fourth quarter dip 2.78% year-over-year t ...

ACRES Commercial (ACR) shares rallied 9.7% in the last trading session to close at $13.36. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 18.9% gain over the past four weeks.The Federal Reserve held interest rates steady yesterday but still expects three interest rate cuts this year. In its meeting, the central bank also showed confidence in the commercial real estate (“CRE”) space, saying that the CRE stres ...

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UNIONDALE, N.Y., March 20, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that its Board of Directors declared cash dividends on its Preferred Stock. The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock in the amount of $0.5390625 per share. The dividend will be paid on April 30, 2024, to holders of record on April 1, 2024. The Company will also pay a cash dividend on its 7.875% Series D Cumulative ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 1-32733 ACRES COMMERCIAL REALTY CORP. (Exact name of registrant as specified in its charter) Maryland 20-2287134 (St ...

ACRES Commercial Realty Corp. (NYSE:ACR) Q4 2023 Earnings Conference Call February 29, 2024 10:00 AM ET Company Participants Kyle Brengel - Vice President, Operations Mark Fogel - President & Chief Executive Officer Eldron Blackwell - Chief Financial Officer Andrew Fentress - Chairman Conference Call Participants Stephen Laws - Raymond James Chris Muller - Citizens JMP Securities Operator Thank you. Good day, ladies and gentlemen, and welcome to the Fourth Quarter and Full Year 2023 ACRES Commercial Realty ...

ACRES Commercial (ACR) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.17%. A quarter ago, it was expected that this commercial real estate investment trust would post earnings of $0.53 per share when it actually produced earnings of $0.73, delivering a surprise of 37.74%.Over the ...

UNIONDALE, N.Y., Feb. 28, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR" or the "Company"), a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures, today reported results for the quarter and year ended December 31, 2023. ACR's GAAP net income allocable to common shares was $1.7 million, or $0.20 per share-dil ...