ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income tax to the extent that it distributes 100% of its REIT taxable income. 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 Westbury, New York.
IPO Year:
Exchange: NYSE
Website: acresreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/5/2021 | $20.00 → $19.00 | Market Outperform | JMP Securities |
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
JMP Securities reiterated coverage of ACRES Commercial Realty with a rating of Market Outperform and set a new price target of $19.00 from $20.00 previously
Raymond James reiterated coverage of ACRES Commercial Realty with a rating of Outperform and set a new price target of $20.00 from $18.00 previously
Raymond James reiterated coverage of ACRES Commercial Realty with a rating of Outperform and set a new price target of $18.00 from $13.50 previously
WESTBURY, N.Y., June 10, 2021 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACRES" or the "Company"), announced that Karen Edwards and Dawanna Williams have been appointed to its Board of Directors. Ms. Edwards brings 30 years of experience in the financial services industry including 13 years serving on the board of a commercial mortgage REIT. Ms. Williams has 20 years of real estate experience and provides valuable insights into current and future developments in the industry through her real estate legal experience. "We are excited to welcome two new members to the ACRES Board of Directors. They each bring extensive expertise with relevant experience in real estate, finance
UNIONDALE, N.Y., Oct. 30, 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 ended September 30, 2024. ACR's GAAP net income allocable to common shares was $2.8 million, or $0.36 per share-diluted, for the quarter ended September 30, 2024. "We are proud of the diligent ef
UNIONDALE, N.Y., Oct. 16, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the third quarter 2024, on Wednesday, October 30, 2024, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, October 31, 2024, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-800-274-8461 (U.S. domestic) or 1-203-518-9814 (International), Conference ID ACRES or from the investor relations
UNIONDALE, N.Y., Sept. 17, 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 ("Series C Preferred Stock") in the amount of $0.6988981 per share, which reflects a rate of 11.18237%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The floating rate period for dividends on the Series C Preferred
UNIONDALE, N.Y., July 31, 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 ended June 30, 2024. ACR's GAAP net income allocable to common shares was $1.7 million, or $0.21 per share-diluted, for the quarter ended June 30, 2024. "The ACRES team has shown great skill and
UNIONDALE, N.Y., July 17, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the second quarter 2024, on Wednesday, July 31, 2024, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, August 1, 2024, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-800-267-6316 (U.S. domestic) or 1-203-518-9783 (International), Conference ID NUWEQ2 or from the investor relations se
UNIONDALE, N.Y., June 6, 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 July 30, 2024, to holders of record on July 1, 2024. The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The divi
UNIONDALE, N.Y., May 1, 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 ended March 31, 2024. ACR's GAAP net income allocable to common shares was $556,000, or $0.07 per share-diluted, for the quarter ended March 31, 2024. Mark Fogel, ACRES Commercial Realty Corp. Pres
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. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, May 2, 2024, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-888-886-7786 (U.S. domestic) or 1-416-764-8658 (International) or from the investor relations section of the Company's websi
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 Redeemable Preferred Stock in the amount of $0.4921875 per share. The d
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-diluted, for the quarter ended December 31, 2023. Mark Fogel, ACRES Commerc
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
4 - ACRES Commercial Realty Corp. (0001332551) (Issuer)
10-Q - ACRES Commercial Realty Corp. (0001332551) (Filer)
8-K - ACRES Commercial Realty Corp. (0001332551) (Filer)
10-Q - ACRES Commercial Realty Corp. (0001332551) (Filer)
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8-K - ACRES Commercial Realty Corp. (0001332551) (Filer)
8-K/A - ACRES Commercial Realty Corp. (0001332551) (Filer)
10-Q - ACRES Commercial Realty Corp. (0001332551) (Filer)
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UNIONDALE, N.Y., Oct. 30, 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 ended September 30, 2024. ACR's GAAP net income allocable to common shares was $2.8 million, or $0.36 per share-diluted, for the quarter ended September 30, 2024. "We are proud of the diligent ef
UNIONDALE, N.Y., Oct. 16, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the third quarter 2024, on Wednesday, October 30, 2024, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, October 31, 2024, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-800-274-8461 (U.S. domestic) or 1-203-518-9814 (International), Conference ID ACRES or from the investor relations
UNIONDALE, N.Y., Sept. 17, 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 ("Series C Preferred Stock") in the amount of $0.6988981 per share, which reflects a rate of 11.18237%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The floating rate period for dividends on the Series C Preferred
UNIONDALE, N.Y., July 31, 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 ended June 30, 2024. ACR's GAAP net income allocable to common shares was $1.7 million, or $0.21 per share-diluted, for the quarter ended June 30, 2024. "The ACRES team has shown great skill and
UNIONDALE, N.Y., July 17, 2024 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the second quarter 2024, on Wednesday, July 31, 2024, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, August 1, 2024, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-800-267-6316 (U.S. domestic) or 1-203-518-9783 (International), Conference ID NUWEQ2 or from the investor relations se
UNIONDALE, N.Y., June 6, 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 July 30, 2024, to holders of record on July 1, 2024. The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The divi
UNIONDALE, N.Y., May 1, 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 ended March 31, 2024. ACR's GAAP net income allocable to common shares was $556,000, or $0.07 per share-diluted, for the quarter ended March 31, 2024. Mark Fogel, ACRES Commercial Realty Corp. Pres
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. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, May 2, 2024, at 10:00 a.m. Eastern Time. The conference call can be accessed by dialing 1-888-886-7786 (U.S. domestic) or 1-416-764-8658 (International) or from the investor relations section of the Company's websi
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 Redeemable Preferred Stock in the amount of $0.4921875 per share. The d
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-diluted, for the quarter ended December 31, 2023. Mark Fogel, ACRES Commerc
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ACRES Commercial Realty (NYSE:ACR) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.30 by 46.67 percent. This is a 69.23 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $18.768 million which missed the analyst consensus estimate of $21.550 million by 12.91 percent. This is a 10.87 percent decrease over sales of $21.058 million the same period last year.
JMP Securities analyst Steven Delaney maintains ACRES Commercial Realty (NYSE:ACR) with a Market Outperform and raises the price target from $14 to $15.5.
Gainers Palmer Square Capital BDC (NYSE:PSBD) stock increased by 29.1% to $21.0 during Monday's pre-market session. The company's market cap stands at $683.6 million. As per the news, the FY earnings report came out 3 days ago. Reliance Global Group (NASDAQ:RELI) shares increased by 9.17% to $0.56. The company's market cap stands at $2.7 million. Bakkt Hldgs (NYSE:BKKT) stock moved upwards by 8.18% to $0.63. The market value of their outstanding shares is at $59.8 million. Solowin Holdings (NASDAQ:SWIN) shares moved upwards by 7.74% to $13.5. The company's market cap stands at $189.0 million. KB Financial Group (NYSE:KB) stock rose 7.69% to $51.1. The market value of their outstanding s
ACRES Commercial Realty (NYSE:ACR) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings ACRES Commercial Realty beat estimated earnings by 17.0%, reporting an EPS of $0.55 versus an estimate of $0.47. Revenue was down $796 thousand from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.27 which was followed by a 5.0% increase in the share price the next day. Here's a look at ACRES Commercial Realty's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.46 0.44 0.45 0.46 EPS Actual 0.73 0.60 0.52 0.60 Revenue Estimate 19.40M
ACRES Commercial Realty (NYSE:ACR) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.47 by 17.02 percent. The company reported quarterly sales of $22.45 million which beat the analyst consensus estimate of $19.60 million by 14.52 percent. This is a 3.42 percent decrease over sales of $23.24 million the same period last year.
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