ACRES Commercial Realty Announces Quarterly Cash Dividends for Preferred Stock
ACRES Commercial Realty Corp., a public commercial mortgage REIT, has declared quarterly cash dividends on its two series of preferred stock. The company will pay $0.610625 per share (9.77% annual rate) to holders of the Series C Preferred Stock and $0.4921875 per share for the 7.875% Series D Cumulative Redeemable Preferred Stock, both payable on October 30, 2026, with a record date of October 1, 2026. The dividend rate for Series C is based on three-month Term SOFR plus a spread of 5.927% per annum. ACRES focuses primarily on commercial real estate mortgage loans and equity investments in multifamily, student housing, hospitality, industrial, and office properties across top U.S. markets.
Topics: dividends preferred stock reit