ACRES Commercial: Q4 Earnings Snapshot

UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — ACRES Commercial Realty Corp. (ACR) on Thursday reported a fourth-quarter loss of $2.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Uniondale, New York-based company said it had a loss of 87 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 60 cents per share.

The commercial real estate investment trust posted revenue of $23.2 million in the period. Its adjusted revenue was $13.8 million.

For the year, the company reported profit of $10.6 million, or $1 per share. Revenue was reported as $44 million.

ACRES Commercial shares have increased 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.56, a decline of 16% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ACR at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up