ACRES Commercial: Q1 Earnings Snapshot

UNIONDALE, NY (AP) – ACRES Commercial Realty Corp. (ACR) on Thursday reported first-quarter profit of $2.1 million.

The Uniondale, New York-based company said it had net income of 30 cents per share. Losses, adjusted for one-time gains and costs, were 25 cents per share.

The commercial real estate investment trust posted revenue of $10.9 million in the period. Its adjusted revenue was $7.8 million.

ACRES Commercial shares have declined slightly more than 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.67, a drop of 24% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACR at https://www.zacks.com/ap/ACR