ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR FIRST QUARTER 2024
ACRES Commercial Realty Corp. (NYSE: ACR) recently reported its financial results for the first quarter of 2024, showcasing a GAAP net income of $556,000, or $0.07 per share-diluted. The company, which focuses on commercial real estate mortgage loans and equity investments, aims to maintain a stable portfolio while seeking opportunities to enhance shareholder value.
Mark Fogel, President & CEO of ACRES Commercial Realty Corp., emphasized the company’s commitment to evaluating the commercial real estate market for growth opportunities. A detailed presentation of the first quarter results can be accessed on the company’s website at www.acresreit.com.
To further discuss the operating results, ACR will host a live conference call on May 2, 2024, at 10:00 a.m. Eastern Time. Investors can dial 1-888-886-7786 (U.S. domestic) or 1-416-764-8658 (International) to participate, or visit the investor relations section of the company’s website.
ACRES Commercial Realty Corp. is a real estate investment trust managed by ACRES Capital, LLC, with a focus on commercial real estate lending in various sectors. For more information, visit www.acresreit.com or contact investor relations at IR@acresreit.com.
The company’s forward-looking statements and future plans are outlined in its recent press release, with a commitment to update stakeholders on any new developments. For more information and to access multimedia content, visit the original press release at https://www.prnewswire.com/news-releases/acres-commercial-realty-corp-reports-results-for-first-quarter-2024-302133538.html.
