ACR•ACRES Commercial Realty reported Q3 revenue of $24.20 million, above the $21.05 million analyst estimate, and a GAAP net loss of $56.3 million. It completed its merger with its manager and is now internally managed.
ACRES Commercial Realty reported Q3 revenue of $24.20 million, beating the $21.05 million analyst estimate. The company reported a GAAP net loss of $56.3 million and a loss per share of $5.16.
The company completed its merger with its manager and is now internally managed. Management expects internal management and its Principal Investing, Investment Management and Insurance businesses to drive future results; the company provided no specific financial guidance for upcoming quarters or the full year.
