earnings
confidence high
sentiment positive
materiality 0.60
ACR Q2 net income $10.1M ($1.04/diluted); originated $470M CRE loans, $803M securitization
ACRES Commercial Realty Corp.
2021-Q2 EPS reported
$2.06
revenue$22,534,000
- GAAP net income allocable to common $10.1M ($1.04/diluted) for Q2 2021; $20.5M ($2.06/diluted) for H1 2021.
- Originated $470M of commercial real estate loans in Q2, accelerating capital deployment.
- Closed $803M securitization in May and launched a new class of preferred equity to support growth.
- CEO cites strong pipeline as middle-market lender; expects to grow earnings and book value.
- Earnings presentation available on website; conference call August 4 at 5:00 p.m. ET.