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UNIONDALE, N.Y., April 30, 2025 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACR" or the "Company"), a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures, today reported results for the quarter ended March 31, 2025. ACR's GAAP net loss allocable to common shares was $5.9 million or $(0.80) per share-diluted, for the quarter ended March 31, 2025.
"We remain confident in our ability to preserve and create value for our shareholders. During the quarter, we closed on a new financing facility to efficiently manage the liability side of our balance sheet," said Mark Fogel, President and Chief Executive Officer of ACRES Commercial Realty Corp. "In addition, the team has been sourcing and underwriting high-quality loans to add to the portfolio, while continuing to aggressively manage our investments."
ACR issued a full, detailed presentation of its results for the quarter ended March 31, 2025 that can be viewed at www.acresreit.com.
Earnings Call Details
ACR will host a live conference call on May 1, 2025 at 10:00 a.m. Eastern Time to discuss its first quarter 2025 operating results. The conference call can be accessed by dialing 1-800-267-6316 (U.S. domestic) or 1-203-518-9783 (International), Conference ID ACRES or from the investor relations section of the Company's website at www.acresreit.com.
For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically through May 15, 2025 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International), with the passcode 11158543.
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market commercial real estate lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at IR@acresreit.com.