ACRES Commercial Realty (ACR) Tops Q4 EPS by 62c

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Go back to ACRES Commercial Realty (ACR) Tops Q4 EPS by 62c

ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR THREE MONTHS AND YEAR ENDED DECEMBER 31, 2021

March 3, 2022 4:10 PM EST

UNIONDALE, N.Y., March 3, 2022 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR", "ACRES Commercial Realty" 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 three months and year ended December 31, 2021. ACR's GAAP net income allocable to common shares was $7.3 million, or $0.76 per share-diluted, and $18.0 million, or $1.85 per share-diluted, during the three months and year ended December 31, 2021, respectively.

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