ACRES Commercial Realty: Buybacks And A 25% Discount To Book Value

ACRES Commercial Realty (NYSE: ACR ) has been a remarkable compounder of wealth, in lieu of a dividend, over the last year as the mortgage REIT embarked on a sustained campaign of share buybacks that has slimmed its weighted average shares outstanding. This figureThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-gr ...