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ACR| Name | Value |
|---|---|
| Revenues | 17.0M |
| Cost of Revenue | 13.3M |
| Gross Profit | 3.7M |
| Operating Expense | 3.9M |
| Operating I/L | -0.2M |
| Other Income/Expense | -0.4M |
| Interest Income | 28.7M |
| Pretax | -0.7M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | -0.5M |
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, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments. 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.
