secwatch.observer — SEC 8-K summary
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Issuer:     ACRES Commercial Realty Corp. (ACR)
CIK:        0001332551
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001564590-21-054473
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021054473/0001564590-21-054473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332551/000156459021054473/acr-8k_20211104.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-054473

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