ACRES Commercial Realty Corp. Announces Quarterly Preferred Stock Dividends and Future Outlook
ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends
ACRES Commercial Realty Corp. (NYSE: ACR), a real estate investment trust specializing in commercial mortgage loans, recently disclosed significant developments regarding its preferred stock dividends. On March 18, 2025, the company's Board of Directors announced the declaration of cash dividends for its preferred shares, underscoring its commitment to generating value for its investors.
Details of the Dividend Announcement
The company will issue a cash dividend of $0.6383681 per share for its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock. This translates to an annualized rate of 10.21389%, calculated based on the three-month Term SOFR benchmark plus a spread of 5.927%. This dividend is scheduled to be paid on April 30, 2025, to shareholders on record as of April 1, 2025.
Additionally, holders of the 7.875% Series D Cumulative Redeemable Preferred Stock will receive a cash dividend of $0.4921875 per share, also payable on April 30, 2025, to those on record as of April 1.
Understanding ACRES Commercial Realty Corp.
Founded to specialize in commercial real estate financing, ACRES Commercial Realty Corp. is not merely a conduit for mortgages; it actively engages in the origination, holding, and management of commercial real estate mortgage loans. The firm has positioned itself as an essential player in the U.S. commercial real estate market, focusing primarily on sectors such as multifamily housing, student accommodation, hospitality, and industrial properties.
Externally managed by ACRES Capital, LLC, which is a subsidiary of ACRES Capital Corp., the company is dedicated to serving the middle market segment of commercial real estate. This provides investors with exclusive access to a diversified portfolio of real estate assets through direct ownership and joint ventures.
Forward-Looking Statements
In its press release, ACRES Commercial Realty Corp. included forward-looking statements, reminding investors that such statements encompass a degree of uncertainty. Terms like
Topics Financial Services & Investing）
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