ACRES Commercial Realty Corp. (ACR-PC)
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 $23.84, down 0.04% on the session, giving a market capitalisation of $120.0M. 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., structured as a real estate investment trust (REIT), primarily focuses on generating, holding, and overseeing a diversified portfolio of commercial real estate mortgage loans and other related debt instruments throughout the United States. Its investment strategy encompasses a wide spectrum of commercial real estate-backed assets. This includes various forms of mortgage financing, such as both adjustable and fixed-rate senior loans, alongside senior and junior participations in these same loans. The company also allocates capital to mezzanine debt, preferred equity stakes, commercial mortgage-backed securities (CMBS), and direct equity or preferred equity investments in commercial properties. As a REIT, the company benefits from a specific federal income tax treatment, meaning it typically avoids corporate income tax, provided it distributes all of its taxable income to shareholders. Established in 2005, the company changed its name to ACRES Commercial Realty Corp. in February 2021, having previously operated as Exantas Capital Corp. Its corporate headquarters are located in Uniondale, New York.
ACRES Commercial Realty Corp. is most often compared with the following Real Estate names: