ACRES Commercial Realty Enhances Dividend Strategy to Boost Shareholder Value Amid Market Changes

ACRES Commercial Realty Strengthens Dividend Strategy Amid Market Dynamics

ACRES Commercial Realty Corp. announces a robust dividend strategy as part of its continued commitment to shareholder value. The Board of Directors declares cash dividends on its preferred stock, set to be distributed on April 30, 2025. Shareholders will receive a dividend of $0.6383681 per share for the 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, translating into an annualized rate of 10.21389%. This rate is calculated using the three-month Term SOFR plus a spread of 5.927% per annum, reflecting ACRES’ strategic approach to maintaining attractive returns for its investors amidst shifting market conditions.

In addition to the Series C dividend, ACRES confirms a cash dividend of $0.4921875 per share on its 7.875% Series D Cumulative Redeemable Preferred Stock. Both dividends are payable to shareholders of record as of April 1, 2025. This proactive distribution underscores ACRES’ focus on delivering consistent income to its investors while navigating the complexities of the current economic landscape. The company’s external management by ACRES Capital, LLC enhances its operational efficiency, allowing it to concentrate on originating, managing, and holding commercial real estate mortgage loans.

ACRES Commercial Realty operates primarily as a real estate investment trust (REIT), engaging in equity investments in commercial properties through direct ownership and joint ventures. The firm’s diversified portfolio spans various sectors, including multifamily housing, student accommodations, hospitality, industrial, and office properties in key U.S. markets. The company’s strategic initiatives and commitment to managing risks are integral as it positions itself for sustainable growth and value creation in the commercial real estate landscape.

In a related note, stakeholders are reminded to review the company’s SEC filings for potential risks and uncertainties that could impact future performance. ACRES Commercial Realty remains dedicated to transparency and will update its forward-looking statements in accordance with legal requirements. For further details on its operations and strategies, visit the company’s website at www.acresreit.com.