ACRES Commercial Realty Reports Second Quarter 2026 Results
ACRES Commercial Realty Corp. (NYSE: ACR) reported a GAAP net loss of $12.5 million, or $(1.87) per share-diluted, for the quarter ended June 30, 2026. The company emphasized its proactive approach to managing investments and highlighted a strong pipeline for new loan opportunities. CEO Mark Fogel noted that ACR plans to selectively add quality assets and sponsors while working on an internalization process expected to close soon with the goal of enhancing shareholder value. ACR will host an earnings call on July 30, 2026 at 10:00 a.m. Eastern Time to discuss its results in detail. The company is externally managed by ACRES Capital, LLC and focuses primarily on commercial real estate mortgage loans and equity investments through direct ownership and joint ventures. The press release includes forward-looking statements that reflect the risks and uncertainties inherent in ACR's business operations.
Topics: real_estate reit_performance