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ACRES Commercial Realty Non-GAAP EPS of -$0.25 misses by $0.56, revenue of $10.92M misses by $2.93M

  • ACRES Commercial Realty press release (NYSE:ACR): Q1 Non-GAAP EPS of -$0.25 misses by $0.56.
  • Revenue of $10.92M (-14.0% Y/Y) misses by $2.93M.
  • $1.4B of asset‐specific financing, of which 89% comprises non‐recourse floating rate CLO2 notes with duration into 2023.
  • GAAP book value: $24.10, up 1% from $23.87 in the fourth quarter of 2021 and up 8% from $22.27 in the first quarter of 2021.

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ACRES Commercial Realty Corp.