ACRES Commercial Realty Corp.

ACRES Commercial Realty Corp. is a real estate investment trust, which engages in the origination, holding, and management of commercial mortgage loans, and commercial real estate related debt investments. The company was founded in 2005 and is headquartered in New York, NY.

Earnings data Q1 2024

ACR reports strong Q1 performance, emphasizes shareholder value and growth opportunities

ACR's Q1 2023 earnings call highlighted strong performance, a focus on shareholder value, and strategic advantages in the current environment. While challenges related to expenses and future earnings protection were acknowledged, the company provided insights and considerations to address these concerns. Opportunities in property development and bridge lending were also discussed, reflecting potential avenues for growth.

ACR reports strong Q2 earnings, focuses on high-quality portfolio

ACR reported strong financial performance with a focus on managing a high-quality portfolio primarily invested in multifamily assets. Despite challenges related to CECL reserves, the company showcased opportunities through successful loan originations and real estate investments.

ACR reports Q3 performance with strong loan originations and challenges in commercial real estate portfolio

ACR's Q3 performance reflects a net decrease in loan payoffs, strong loan originations, and a healthy investment portfolio. The company faces challenges with a portion of its commercial real estate loan portfolio but has opportunities to leverage NOLs and explore distressed property acquisitions.

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UNIONDALE, N.Y. , April 17, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the first quarter 2024, on Wednesday, May 1, 2024, after the market closes.

ACRES Commercial Realty Corp. to Report Results for First Quarter 2024

ACRES Commercial Realty is trading at a material discount to GAAP book value per share of $26.65 at the end of its fiscal 2023 fourth quarter. The mREIT's focus on multifamily loans means it's less exposed to office real estate as implied by the discounting of the commons. ACR's Series C preferreds are set to float at a materially higher coupon in a few months.

ACRES Commercial Realty: The Discount To Book Value Is Too Much

ACRES Commercial Realty (ACR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

ACRES Commercial Realty (ACR) Surges 9.7%: Is This an Indication of Further Gains?

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I Am Buying The Dip: 2 Big Fat Dividends

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.

ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock

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.

ACRES Commercial (ACR) Misses Q4 Earnings and Revenue Estimates

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.

ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR FOURTH QUARTER 2023 AND YEAR ENDED DECEMBER 31, 2023

UNIONDALE, N.Y. , Feb. 14, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that it will release its results for the fourth quarter and year ended December 31, 2023, on Wednesday, February 28, 2024, after the market closes.

ACRES Commercial Realty Corp. to Report Results for Fourth Quarter and Year Ended December 31, 2023

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High rates, credit spread volatility, spread widening and yield curve inversion challenge the Zacks REIT and Equity Trust industry. Amid this, LADR, MFA and ACR are poised to navigate industry hiccups.

3 mREIT Stocks to Buy Despite Unsettling Mortgage Market

Here is how ACRES Commercial (ACR) and BTCS Inc. (BTCS) have performed compared to their sector so far this year.

Is ACRES Commercial Realty (ACR) Outperforming Other Finance Stocks This Year?

ACRES Commercial (ACR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover ACRES Commercial (ACR)

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ACR, RYI and ATMU made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 18, 2023.

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U.S. equity markets notched a fifth-straight week of gains as benchmark interest rates continued a decisive retreat after economic data and comments from Fed officials fueled bets on a pending pivot. Advancing for a fifth-straight week since dipping into "correction territory" at the end of October, the S&P 500 gained another 0.8% on the week, while Mid-Caps and Small-Caps gained 2%. Lifted by the rate retreat, real estate equities were again the leaders this week. The Equity REIT Index rallied 5.0% this week, extending their rebound since late-October to nearly 20%.

Pivot Pending

ACRES Commercial's (ACR) additional $10 million authorization for common and preferred stock under its existing share repurchase program will boost investor confidence.

ACRES Commercial (ACR) Expands Share Buyback Program by $10M

UNIONDALE, N.Y. , Nov. 30, 2023 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that its board of directors (the "Board") authorized and approved the continued use of its existing share repurchase program, to repurchase up to approximately $4.1 million of common stock previously approved by the Board, and an additional $10 million of the outstanding shares of both its common and preferred stock.

ACRES Commercial Realty Corp. Reauthorizes an Additional $10 Million Share Repurchase Program

ACRES Commercial Realty Corp. (NYSE:ACR ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Jaclyn Jesberger - Chief Legal Officer Mark Fogel - President and Chief Executive Officer Dave Bryant - Chief Financial Officer Andrew Fentress - Chairman Eldron Blackwell - Chief Accounting Officer Conference Call Participants Chris Muller - JMP Operator Good day, ladies, and gentlemen, and welcome to the Third Quarter 2023 ACRES Commercial Realty Corp. Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.

ACRES Commercial Realty Corp. (ACR) Q3 2023 Earnings Call Transcript

UNIONDALE, N.Y. , Nov. 1, 2023 /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, announced today that David J.

ACRES COMMERCIAL REALTY CORP. ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER DAVID J.

UNIONDALE, N.Y. , Nov. 1, 2023 /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 ended September 30, 2023.

ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR THIRD QUARTER 2023

UNIONDALE, N.Y. , Oct. 18, 2023 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that it will release its results for the third quarter 2023, on Wednesday, November 1, 2023, after the market closes.

ACRES Commercial Realty Corp. to Report Results for Third Quarter 2023

ACRES Commercial Realty Corp. (NYSE:ACR ) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Kyle Brengel - Investor Relations Mark Fogel - President and Chief Executive Officer Dave Bryant - Chief Financial Officer Andrew Fentress - Chairman Conference Call Participants Chris Muller - JMP Securities Operator Good day, and welcome to the ACRES Commercial Realty Corp. Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

ACRES Commercial Realty Corp. (ACR) Q2 2023 Earnings Call Transcript

ACRES Commercial (ACR) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.45 per share a year ago.

ACRES Commercial (ACR) Surpasses Q2 Earnings and Revenue Estimates

UNIONDALE, N.Y. , Aug. 2, 2023 /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 ended June 30, 2023.

ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR SECOND QUARTER 2023

UNIONDALE, N.Y. , July 19, 2023 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that it will release its results for the second quarter 2023, on Wednesday, August 2, 2023, after the market closes.

ACRES Commercial Realty Corp. to Report Results for Second Quarter 2023

ACRES Commercial Realty Corp. is a mortgage REIT valued at $75 million, offering potential for income and total return investors. Since ACRES Capital took over management 2.5 years ago, the company's book value per share has increased by around 40%. Despite past declines in book value, current management has stopped and reversed the trend, though there is no guarantee of continued growth.

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