Exantas Capital Corp. (XAN) Reports In-Line Q3 EPS

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Exantas Capital Corp. Reports Results For Three And Nine Months Ended September 30, 2020

November 4, 2020 4:05 PM EST

WESTBURY, N.Y., Nov. 4, 2020 /PRNewswire/ -- Exantas Capital Corp. (NYSE: XAN) ("Exantas" or the "Company"), a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments, today reported results for the three and nine months ended September 30, 2020.

Significant Items

In July 2020, Exantas's management agreement was acquired by a subsidiary of ACRES Capital Corp. (the "ACRES acquisition"), $50.0 million of 12.00% Senior Unsecured Notes due 2027 ("Senior Unsecured Notes due 2027") were issued to... More