ACRES Commercial Realty Corp.

Last price update: 17 Apr 24 23:00 GMT

Price:
$13.66
Open:
$13.68
Previous close:
$13.64
Day's range:
$13.59 - $13.94
Year's range:
$6.62 - $14.35
Net Income per Share:
0.35
Price-to-Earnings ratio:
39.03
52-week Price Range:
$11.80
Volume:
$24,627.00
Average volume:
$31,970.00

Company profile for ACRES Commercial Realty Corp.

ACRES Commercial Realty Corp. logo

ACRES Commercial Realty Corp. is a real estate investment trust (REIT) that 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. Since its inception in 2005, the company has made significant strides in the industry, actively investing in and managing commercial real estate-related assets such as floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, and mezzanine debt. ACRES Commercial Realty Corp also invests in preferred equity investments and commercial mortgage-backed securities, as well as commercial real estate equity and preferred equity investments.

Due to its unique structure as a Real Estate Investment Trust, ACRES is protected from federal corporate income tax on the condition that they distribute 100% of their REIT taxable income. This provides ACRES with security and peace of mind when making long-term investments in the industry. Additionally, ACRES has consistently grown its presence in the industry since its inception in 2005. In 2021, the company changed its name from Exantas Capital Corp to ACRES Commercial Realty Corp in order to better communicate its focus, goals, and mission to potential investors. ACRES Commercial Realty Corp is headquartered in Uniondale, New York and is one of the most well-known real estate investment trusts in the country.

Stock exchanges:
NYSE
Sector:
Real Estate
Industries:
REIT
Ticker:
ACR
CIK:
0001332551
ISIN:
US30068N1054
Website:
https://www.acresreit.com
Phone:
516 535 0015
Origin:
United States
Employees:
4