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ACR-PD| Name | Value |
|---|---|
| Revenues | 21.2M |
| Cost of Revenue | 23.8M |
| Gross Profit | -2.5M |
| Operating Expense | 2.4M |
| Operating I/L | 26.1M |
| Other Income/Expense | -28.7M |
| Interest Income | 42.5M |
| Pretax | -2.6M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | -2.7M |
ACRES Commercial Realty Corp. is a real estate investment trust (REIT) specializing in originating, holding, and managing commercial real estate mortgage loans and other related debt investments in the United States. The company invests in a range of commercial real estate-related assets, including first mortgage loans, mezzanine debt, preferred equity investments, and commercial mortgage-backed securities. As a REIT, it benefits from tax advantages by distributing 100% of its REIT taxable income, thus generally avoiding federal corporate income tax. ACRES Commercial Realty Corp. generates revenue through interest income from its mortgage loans and returns from its various real estate-related investments.
