ACRES Commercial Realty Corp. (ACR)
ACRES Commercial Realty Corp. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in Uniondale, NY, US. The stock last traded at $14.11, up 0.07% on the session, giving a market capitalisation of $100.6M. On trailing twelve-month figures it carries a trailing P/E of -13.06, a net margin of 7.5%. Its beta of 1.09 implies it has historically moved more than the broad market.
ACRES Commercial Realty Corp. (ACR) functions as a real estate investment trust (REIT) based in Uniondale, New York, having been established in 2005. The firm's primary objective is to generate, own, and administer various debt instruments related to commercial real estate, including mortgage loans, throughout the United States. ACR strategically allocates capital to a diverse range of assets tied to commercial properties. These investments encompass both variable and fixed-rate first lien mortgage loans, senior and junior participations in first mortgage loans, mezzanine financing, preferred equity investments, commercial mortgage-backed securities (CMBS), and direct equity or preferred equity stakes in commercial real estate. As a certified REIT for federal income tax purposes, the company typically avoids federal corporate income tax, contingent on distributing 100% of its taxable REIT income. Notably, the entity updated its legal name to ACRES Commercial Realty Corp. in February 2021, having previously been known as Exantas Capital Corp.
ACRES Commercial Realty Corp. is most often compared with the following Real Estate names: