UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — ACRES Commercial Realty Corp. (ACR) on Wednesday reported a loss of $7.4 million in its second quarter.
The Uniondale, New York-based company said it had a loss of $1.87 per share. Losses, adjusted for one-time gains and costs, came to 74 cents per share.
The commercial real estate investment trust posted revenue of $21 million in the period. Its adjusted revenue was $10.5 million.
ACRES Commercial shares have declined 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.30, a decrease of 2% in the last 12 months.
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