UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — ACRES Commercial Realty Corp. (ACR) on Wednesday reported a first-quarter loss of $546,000, after reporting a profit in the same period a year earlier.
The Uniondale, New York-based company said it had a loss of 80 cents per share. Losses, adjusted for non-recurring gains, were 86 cents per share.
The commercial real estate investment trust posted revenue of $17 million in the period. Its adjusted revenue was $5.6 million.
ACRES Commercial shares have climbed 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.33, a climb of 45% in the last 12 months.
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