Earnings ·
ACRES Commercial Realty Corp. reported GAAP net loss allocable to common shares of $12.5 million, or $(1.87) per…
ACR-PCACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. reported GAAP net loss allocable to common shares of $12.5 million, or $(1.87) per share-diluted, for the quarter ended June 30, 2026. The company also reported Earnings Available for Distribution (EAD) per share-diluted of $(0.74). Total liquidity stood at $82.7 million, and the CRE loan portfolio had a par value of $2.1 billion with $74.9 million in net repayments during the quarter. The filing highlighted ongoing progress toward the internalization of its external manager, ACRES Capital LLC, which is expected to close in the third quarter of 2026. This transaction aims to eliminate management fees and align interests through equity issuance priced at book value. ACRES Commercial Realty Corp. operates as a real estate investment trust focused on originating, holding, and managing commercial real estate mortgage loans and equity investments.