ACRES Commercial Realty Corp. (ACR-PD)

USD 23.05

(-0.17%)

Market Cap (In USD)

178.33 Million

Revenue (In USD)

80.22 Million

Net Income (In USD)

22.39 Million

Avg. Volume

7649.00

Currency
USD
Country
Real Estate
Open
-
Prev. Close
-
Day Range
-
Year Range
20.1-24.49
PE
-
EPS
-
Beta Value
2.051
ISIN
US00489Q3002
CUSIP
00489Q300
CIK
1332551
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Real Estate
Industry
REIT - Mortgage
CEO
Mr. Mark Steven Fogel
Employee Count
-
Website
https://www.acresreit.com
Ipo Date
2021-05-18
Details
ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income tax to the extent that it distributes 100% of its REIT taxable income. The company was formerly known as Exantas Capital Corp. and changed its name to ACRES Commercial Realty Corp. in February 2021. ACRES Commercial Realty Corp. was incorporated in 2005 and is based in Uniondale, New York.