ACRES Commercial: Q3 Earnings Snapshot

UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — ACRES Commercial Realty Corp. (ACR) on Wednesday reported third-quarter earnings of $8.1 million.

On a per-share basis, the Uniondale, New York-based company said it had profit of 36 cents. Earnings, adjusted for non-recurring gains, came to 24 cents per share.

The commercial real estate investment trust posted revenue of $22.4 million in the period. Its adjusted revenue was $10.5 million.

ACRES Commercial shares have climbed 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.17, more than doubling in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACR at https://www.zacks.com/ap/ACR

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up