ACRES Commercial Realty Corp. (ACR) Tops Q1 EPS by 93c

ACRES Commercial Realty Corp. (NYSE: ACR) reported Q1 EPS of $1.03, $0.93 better than the analyst estimate of $0.10.

"After restarting loan originations late in 2020, we are pleased with our ongoing progress through the origination of $144 million of commercial real estate loans in the first quarter,\" stated ACR\'s Chief Executive Officer and President Mark Fogel. \"We anticipate this momentum will continue as we continue to see an abundance of opportunities for investment, while remaining selective. Through proactive asset management, we have a healthy portfolio of performing loans, and a solid balance sheet and liquidity position to support our growth strategy."

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