ACR posts Q2 2022 GAAP net income of $690K, $0.08 diluted EPS

ACRES Commercial Realty Corp.

2022-Q2 EPS reported -$0.23 revenue$30,993,000

GAAP net income allocable to common shares was $690,000 ($0.08 diluted EPS) for Q2 ended June 30, 2022.
CEO Mark Fogel noted confidence in portfolio management and credit quality as the path forward.
Full earnings presentation with detailed results is available on www.acresreit.com.
Conference call scheduled for August 4, 2022 at 5:00 p.m. ET to discuss results.

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