ACRES Commercial Realty (ACR) Tops Q4 EPS by 14c

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Go back to ACRES Commercial Realty (ACR) Tops Q4 EPS by 14c

ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2022

March 2, 2023 4:15 PM EST

UNIONDALE, N.Y., March 2, 2023 /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, 2022. ACR's GAAP net loss allocable to common shares was $7.4 million, or $0.87 per share-diluted, for the quarter ended December 31, 2022.

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