Loading...
Loading...
ACR-PC| Name | Value |
|---|---|
| Revenues | 39.3M |
| Cost of Revenue | 12.5M |
| Gross Profit | 26.8M |
| Operating Expense | 4.6M |
| Operating I/L | 22.2M |
| Other Income/Expense | -14.0M |
| Interest Income | 39.3M |
| Pretax | 8.1M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | 8.1M |
ACRES Commercial Realty Corp. is a real estate investment trust (REIT) that specializes in originating, holding, and managing commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. The company invests in a variety of commercial real estate-related assets, including first mortgage loans, subordinated interests, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity. As a REIT, it benefits from tax advantages and is generally not subject to federal corporate income tax as long as it distributes 100% of its REIT taxable income to shareholders.
