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ACRES Commercial Realty Corp. Reports Results For Three And Six Months Ended June 30, 2021

August 4, 2021 4:05 PM EDT

WESTBURY, N.Y., Aug. 4, 2021 /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 other commercial real estate-related debt investments, today reported results for the three and six months ended June 30, 2021. ACR's GAAP net income allocable to common shares was $10.1 million, or $1.04 per share-diluted, and $20.5 million, or $2.06 per share-diluted, during the three and six months ended June 30, 2021, respectively.

"We are pleased with our meaningful acceleration in... More