Acres Commercial Realty Corp reports results for the quarter ended June 30 - Earnings Summary
Acres Commercial Realty Corp reports results for the quarter ended June 30 - Earnings Summary
Acres Commercial Realty Corp ACR.N reported a quarterly adjusted loss of 74 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of three analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 11 cents to 26 cents per share.
Revenue fell 4.1% to $20.98 million from a year ago; analysts expected $20.32 million.
Acres Commercial Realty Corp's reported EPS for the quarter was a loss of $1.87.
The company reported a quarterly loss of $12.52 million.
Acres Commercial Realty Corp shares had risen by 2.9% this quarter and lost 14.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 22.1% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold"
Wall Street's median 12-month price target for Acres Commercial Realty Corp is $24.50, about 25.3% above its last closing price of $18.30
This summary was machine generated from LSEG data July 30 at 06:40 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.18 | -0.74 | Missed |
Mar. 31 2026 | 0.17 | 0.02 | Missed |
Dec. 31 2025 | 0.14 | -0.48 | Missed |
Sep. 30 2025 | 0.11 | 1.01 | Beat |
Recent news on ACRES Commercial Realty
See all newsBrief: Acres Commercial Realty Corp - Enters Securities Purchase Agreement With Institutional Investors On August 10, 2026
Acres Commercial Realty Corp reports results for the quarter ended June 30 - Earnings Summary
Acres Commercial Realty Corp expected to post earnings of 18 cents a share - Earnings Preview
Brief: Acres Commercial Realty Corp. Announces Agreement To Internalize Management And Acquire Acres Capital Corp.
ACRES Commercial Realty posts Q1 net loss, originates $496 mln in loans