tiprankstipranks
ACRES Commercial Realty Reports Q3 2024 Earnings
Company Announcements

ACRES Commercial Realty Reports Q3 2024 Earnings

Acres Commercial Realty Corp. ( (ACR) ) has released its Q3 earnings. Here is a breakdown of the information Acres Commercial Realty Corp. presented to its investors.

Don't Miss our Black Friday Offers:

ACRES Commercial Realty Corp. is a real estate investment trust specializing in commercial real estate mortgage loans and equity investments across various property types in the U.S. market.

The company recently reported its third quarter financial results for 2024, highlighting a GAAP net income of $2.8 million, translating to $0.36 per diluted share. The announcement was accompanied by a statement from President & CEO Mark Fogel, emphasizing the company’s commitment to maintaining a high-quality investment portfolio.

Key financial metrics from the earnings report include a net income of $2.8 million, with a per-share earnings of $0.36 on a diluted basis. The results reflect the company’s focus on identifying and capitalizing on high-quality investment opportunities while safeguarding shareholder value.

Looking ahead, ACRES Commercial Realty Corp. remains dedicated to its strategic goals of enhancing shareholder value through diligent portfolio management and robust investment strategies. The company continues to explore suitable investment opportunities that align with its long-term objectives.

Related Articles
TipRanks Auto-Generated NewsdeskACRES Commercial Realty Reports Q3 2024 Earnings
TheFlyACRES Commercial Realty Corp. reports Q3 GAAP EPS 36c, consensus 39c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App