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ACRES Commercial Realty Q1 2024 Earnings Report

ACRES Commercial Realty logo
$15.96 +0.65 (+4.25%)
(As of 12/20/2024 04:32 PM ET)

ACRES Commercial Realty EPS Results

Actual EPS
$0.10
Consensus EPS
$0.35
Beat/Miss
Missed by -$0.25
One Year Ago EPS
$0.42

ACRES Commercial Realty Revenue Results

Actual Revenue
$18.77 million
Expected Revenue
$13.00 million
Beat/Miss
Beat by +$5.77 million
YoY Revenue Growth
N/A

ACRES Commercial Realty Announcement Details

Quarter
Q1 2024
Time
After Market Closes

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ACRES Commercial Realty Earnings Headlines

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About ACRES Commercial Realty

ACRES Commercial Realty (NYSE:ACR), a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Exantas Capital Corp. and changed its name to ACRES Commercial Realty Corp. in February 2021. ACRES Commercial Realty Corp. was incorporated in 2005 and is based in Uniondale, New York.

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