ACRES Commercial Realty(ACR) Prnewswire·2025-03-05 21:15Core Viewpoint - ACRES Commercial Realty Corp. reported a GAAP net income of 0.52 per diluted share for the quarter ended December 31, 2024, indicating a proactive management approach to enhance shareholder value and a focus on growing its loan portfolio in high-growth markets [1][2]. Financial Performance - For the quarter ended December 31, 2024, the company achieved a GAAP net income of 0.52 per diluted share [1]. - The company experienced a healthy amount of loan payoffs and renewed transactional activity in the real estate markets during 2024 [2]. Strategic Outlook - The company intends to grow its loan portfolio by investing with experienced sponsors in high-growth markets across the nation as it moves into 2025 [2]. - ACRES Commercial Realty Corp. is focused on originating, holding, and managing commercial real estate mortgage loans and equity investments through direct ownership and joint ventures [5]. Conference Call Information - A live conference call to discuss the fourth quarter 2024 operating results is scheduled for March 6, 2025, at 10:00 a.m. Eastern Time [3]. - For those unable to attend the live call, a replay will be available until March 20, 2025 [4].