#United States #share buyback #Uniondale #ACRES Realty #NYSE ACR

ACRES Commercial Realty's New Share Repurchase Program

In a recent announcement, ACRES Commercial Realty Corp. (NYSE: ACR) revealed that its board of directors has approved an exciting new initiative to continue its share repurchase program, authorizing a substantial additional investment of $10 million into buying back its own outstanding shares. This strategic move aims to enhance shareholder value while adapting to current market conditions.

Understanding the Share Repurchase Program

The share repurchase program allows ACRES to purchase both common and preferred stocks through various means, including open market purchases, privately-negotiated transactions, and block purchases. The program adheres to federal securities laws, specifically following Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934, ensuring legality and transparency in its operations.

Share buybacks are often seen as a sign of a company’s health and confidence in future performance. They reflect management's willingness to invest back into the company, potentially signaling that they believe the stock is undervalued or to increase the demand for shares by reducing the number of shares available on the market.

How and When Will Shares Be Purchased?

Despite the approval of this $10 million share buyback initiative, ACRES has indicated that it cannot precisely predict when or if shares will actually be repurchased. Instead, the timing and number of shares acquired will depend on management's analysis of market conditions and other relevant factors. This measured approach allows them to be flexible and responsive to real-time economic changes, which is crucial in the ever-changing landscape of commercial real estate.

About ACRES Commercial Realty Corp.

ACRES Commercial Realty Corp. operates primarily as a real estate investment trust (REIT). The company focuses on originating, holding, and managing commercial real estate mortgage loans, and it may also engage in equity investments in commercial properties through ownership and joint ventures. This operational model allows ACRES to capitalize on opportunities in a variety of property types, including multifamily, student housing, hospitality, industrial, and office sectors located in prime U.S. markets.

The company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., which specializes in middle-market commercial real estate lending. Their commitment to providing tailored financing solutions contributes to their strong positioning in the marketplace, supporting the diverse needs of clients and investors alike.

To learn more about ACRES Commercial Realty Corp. and its operations, interested parties can visit their official website at www.acresreit.com or contact their investor relations team via email for further inquiries.

Conclusion

The reauthorization of this share repurchase program reflects ACRES Commercial Realty’s ongoing commitment to enhancing shareholder value and confidence in its business model. Their strategic buyback plans set the stage for a proactive approach in navigating the complexities of the real estate market, showcasing their adaptable and forward-thinking perspective.

This initiative opens new possibilities for investors looking for value in commercially viable propositions, affirming the trust placed in ACRES to manage its portfolio and investor relations effectively. As market conditions evolve, stakeholders will keep a close eye on how this program unfolds and the potential implications for the company’s growth moving forward.