#United States #dividends #Preferred Stock #ACRES Realty #Uniondale, NY

ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends

On June 5, 2025, ACRES Commercial Realty Corp. (NYSE: ACR) announced the declaration of cash dividends on its preferred stock, as approved by its Board of Directors. This announcement is particularly noteworthy for investors and stakeholders who are closely monitoring the company’s financial decisions and performance in the commercial real estate sector.

Details of the Dividends

The Company has declared a cash dividend for its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock at the rate of $0.6379156 per share. This dividend reflects an annual rate of 10.20665%, which is calculated based on the three-month Term SOFR on the dividend determination date, plus a spread of 5.927%. Shareholders of this series will receive their payment on July 30, 2025, with dividends going to holders listed on record as of July 1, 2025.

Additionally, a cash dividend of $0.4921875 per share will be paid on the 7.875% Series D Cumulative Redeemable Preferred Stock, similarly scheduled for payment on July 30, 2025.

Company Overview

ACRES Commercial Realty Corp. operates as a real estate investment trust (REIT) specializing in the origination, management, and holding of commercial real estate mortgages. The firm conducts its business through a focus on equity investments in commercial properties, either through direct ownership or joint ventures. Moreover, the Company is externally managed by ACRES Capital, LLC, a subsidiary affiliated with ACRES Capital Corp. This establishment serves as a private entity dedicated to commercial real estate lending across key U.S. markets, targeting sectors such as multifamily housing, student accommodations, hospitality, industrial facilities, and office spaces.

Future Outlook

As part of their forward-looking statements, the management of ACRES Commercial Realty Corp. acknowledges the inherent risks and uncertainties associated with financial estimations and projections for future dividends and financial performance. Any deviation from expected outcomes could be influenced by factors disclosed in the Company’s regular filings with the Securities and Exchange Commission (SEC). Investors are encouraged to stay informed of such updates, as they can have substantial implications on investment strategies and decisions.

For more information about ACRES Commercial Realty Corp. or to access investor relations resources, please visit their official website at www.acresreit.com or contact their investor relations team directly via email.

Conclusion

The declaration of these dividends underscores ACRES Commercial Realty Corp.'s commitment to delivering value to its preferred shareholders and reflects broader trends in the commercial real estate market. As market conditions evolve, stakeholders will be eager to assess how these dividends impact the company’s overall financial health and investment potential moving forward.

With these dividends set to be disbursed soon, investors looking to engage with ACRES Realty should be proactive in monitoring their portfolios and comprehending the implications of this announcement in the context of their investment objectives.