ACRES Commercial Realty Corp. Files 8-K on Financials
Ticker: ACR-PD · Form: 8-K · Filed: May 1, 2024 · CIK: 1332551
| Field | Detail |
|---|---|
| Company | Acres Commercial Realty Corp. (ACR-PD) |
| Form Type | 8-K |
| Filed Date | May 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, results-of-operations, sec-filing
Related Tickers: ACRS
TL;DR
ACRES filed an 8-K on May 1st detailing its financial condition and operations, including preferred and common stock info.
AI Summary
ACRES Commercial Realty Corp. filed an 8-K on May 1, 2024, reporting on its financial condition and results of operations. The filing includes information related to its Series D Preferred Stock, Series C Preferred Stock, and Common Stock, all effective as of May 1, 2024. This report is a current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
This filing provides an update on the company's financial condition and operational results, which is crucial for investors to assess the company's performance and make informed decisions.
Risk Assessment
Risk Level: low — This filing is a routine 8-K reporting on financial condition and results of operations, without immediate news of significant events.
Key Players & Entities
- ACRES Commercial Realty Corp. (company) — Registrant
- May 01, 2024 (date) — Date of earliest event reported
- Series D Preferred Stock (security) — Financial instrument mentioned
- Series C Preferred Stock (security) — Financial instrument mentioned
- Common Stock (security) — Financial instrument mentioned
FAQ
What is the primary purpose of this 8-K filing by ACRES Commercial Realty Corp.?
The primary purpose is to report on the company's results of operations and financial condition, as well as to provide Regulation FD disclosures and financial statements and exhibits.
What specific financial instruments are mentioned in the filing effective May 1, 2024?
The filing mentions Series D Preferred Stock, Series C Preferred Stock, and Common Stock, all effective as of May 1, 2024.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for ACRES Commercial Realty Corp.?
The state of incorporation for ACRES Commercial Realty Corp. is Maryland.
What was the former name of ACRES Commercial Realty Corp. prior to May 25, 2018?
Prior to May 25, 2018, ACRES Commercial Realty Corp. was formerly known as Exantas Capital Corp.
Filing Stats: 590 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-05-01 16:20:38
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share ACR New York St
Filing Documents
- acr-20240501.htm (8-K) — 46KB
- acr-ex99_1.htm (EX-99.1) — 9KB
- acr-ex99_2.htm (EX-99.2) — 32KB
- acr-ex99_2s1.jpg (GRAPHIC) — 337KB
- acr-ex99_2s2.jpg (GRAPHIC) — 620KB
- acr-ex99_2s3.jpg (GRAPHIC) — 450KB
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- acr-ex99_2s10.jpg (GRAPHIC) — 454KB
- acr-ex99_2s11.jpg (GRAPHIC) — 418KB
- acr-ex99_2s12.jpg (GRAPHIC) — 238KB
- acr-ex99_2s13.jpg (GRAPHIC) — 257KB
- acr-ex99_2s14.jpg (GRAPHIC) — 314KB
- acr-ex99_2s15.jpg (GRAPHIC) — 327KB
- acr-ex99_2s16.jpg (GRAPHIC) — 252KB
- acr-ex99_2s17.jpg (GRAPHIC) — 306KB
- acr-ex99_2s18.jpg (GRAPHIC) — 281KB
- acr-ex99_2s19.jpg (GRAPHIC) — 479KB
- acr-ex99_2s20.jpg (GRAPHIC) — 491KB
- acr-ex99_2s21.jpg (GRAPHIC) — 272KB
- 0000950170-24-051305.txt ( ) — 10499KB
- acr-20240501.xsd (EX-101.SCH) — 45KB
- acr-20240501_htm.xml (XML) — 7KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On May 1, 2024, ACRES Commercial Realty Corp. (the "Company") issued a press release and detailed presentation regarding its operating results for the quarter ended March 31, 2024. A copy of this press release is furnished with this report as Exhibit 99.1 and a copy of the earnings presentation is furnished with this report as Exhibit 99.2 as well as made available on the Company's website at www.acresreit.com.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The information provided in Item 2.02 above is incorporated by reference into this Item 7.01. The information set forth in Items 2.02 and 7.01 in this Current Report, and all of the exhibits hereto, is to be considered "furnished" pursuant to Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information set forth in Items 2.02 and 7.01 in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release 99.2 Earnings Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACRES COMMERCIAL REALTY CORP. Date: May 1, 2024 By: /s/ Eldron C. Blackwell Eldron C. Blackwell Chief Financial Officer