ACRES Commercial Realty Corp. is a real estate investment trust, which engages in the origination, holding, and management of commercial mortgage loans, and commercial real estate related debt investments. The company is headquartered in Uniondale, New York. The company went IPO on 2006-02-07. The firm is primarily focused on originating, holding and managing commercial real estate (CRE) mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures. The firm is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in the United States markets. Its objective is to provide its stockholders with total returns over time, including the payment of quarterly distributions when approved by its board of directors and capital appreciation, while seeking to manage the risks associated with its investment strategies. The company invests in CRE whole loans, CRE mezzanine loans and CRE equity investments.
Follow-Up Questions
What is Acres Commercial Realty Corp (ACR.PRD)'s P/E Ratio?
The P/E ratio of Acres Commercial Realty Corp is 5.1332
Who is the CEO of Acres Commercial Realty Corp?
Mr. Mark Fogel is the President of Acres Commercial Realty Corp, joining the firm since 2020.
What is the price performance of ACR.PRD stock?
The current price of ACR.PRD is $22.61, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Acres Commercial Realty Corp?
Acres Commercial Realty Corp belongs to Real Estate industry and the sector is Financials
What is Acres Commercial Realty Corp market cap?
Acres Commercial Realty Corp's current market cap is $167.9M
Is Acres Commercial Realty Corp a buy, sell, or hold?
According to wall street analysts, 3 analysts have made analyst ratings for Acres Commercial Realty Corp, including 1 strong buy, 3 buy, 2 hold, 0 sell, and 1 strong sell
