Business
ACRES Commercial Realty Corp. Reauthorizes an Additional $7.5 Million Share Repurchase Program
ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that its board of directors (the "Board") authorized and approved the continued use of its existing share repurchase program to repurchase an additional $7.5 million of the outstanding shares of both its common and preferred stock. Under the share repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with appl
About this update from Acres Commercial Realty Corp.
[{"type":"text","content":"UNIONDALE, N.Y., Oct. 29, 2025 /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE:ACR) (the "Company") announced today that its board of directors (the "Board") authorized and approved the continued use of its existing share repurchase program to repurchase an additional $7.5 million of the outstanding shares of both its common and preferred stock. Under the share repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and 10b5-1 of the Securities Exchange Act of 1934 (the "Exchange Act").","length":702,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/ACRES Commercial Realty Corp.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/ACRES Commercial Realty Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":131,"url":"https://media.zenfs.com/en/prnewswire.com/15e66f387017d281d11350917bb934a1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vOBikR4nkiIIdBkuUvisJw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/15e66f387017d281d11350917bb934a1","width":400,"height":131}},"href":"https://mma.prnewswire.com/media/1680293/ACRES_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company cannot predict when or if it will repurchase any shares of common and preferred stock and the timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors.","length":264,"tagName":"p"},{"type":"text","content":"About ACRES Commercial Realty Corp.","length":35,"tagName":"p"},{"type":"text","content":"ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industri...