President and CEO Mark Fogel emphasized the firm's proactive management approach, noting that the company maintains a healthy pipeline for new investment opportunities. The leadership team is currently finalizing a previously announced internalization process, which Fogel expects to close shortly to bolster long-term shareholder value.
ACRES Commercial Realty Reports $12.5 Million Net Loss for Q2 2026
ACRES Commercial Realty Corp. posted a GAAP net loss of $12.5 million, or $1.87 per diluted share, for the second quarter ending June 30, 2026. Despite the quarterly deficit, the Uniondale-based real estate investment trust signaled intentions to expand its portfolio through new mortgage loan originations.
The company is scheduled to host a conference call on July 30, 2026, at 10:00 a.m. ET to review these operating results. Investors may participate via telephone or through the firm's website, with a replay option available through August 13. ACRES continues to focus its lending activities on middle-market assets, including multifamily housing, hospitality, and industrial properties across major U.S. markets.
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