-+ 0.00%
-+ 0.00%
-+ 0.00%
ACRES Commercial: Q2 Earnings Snapshot
Share
Listen to the news

UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — ACRES Commercial Realty Corp. (ACR) on Wednesday reported a loss of $7.4 million in its second quarter.

The Uniondale, New York-based company said it had a loss of $1.87 per share. Losses, adjusted for one-time gains and costs, came to 74 cents per share.

The commercial real estate investment trust posted revenue of $21 million in the period. Its adjusted revenue was $10.5 million.

ACRES Commercial shares have declined 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.30, a decrease of 2% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACR at https://www.zacks.com/ap/ACR

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending