ACR reports Q3 GAAP net loss of $9.8M, $1.03 EPS loss; originations top $1B YTD

ACRES Commercial Realty Corp.

2021-Q3 EPS reported $1.09 revenue$34,630,000

GAAP net loss allocable to common shares of $9.8 million, or ($1.03) per diluted share, for Q3 2021.
Nine-month GAAP net income allocable to common shares of $10.7 million, or $1.09 per diluted share.
Results include $9.0 million of non-recurring extinguishment losses on financing transactions.
Q3 commercial real estate loan originations of $468 million; nine-month total exceeds $1 billion.
Issued senior unsecured notes, netting $44 million additional principal, reducing weighted avg interest rate by 88 bps.

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