ACRES Commercial Realty Corp. Announces Quarterly Cash Dividend for Preferred Stock

UNIONDALE, N.Y., June 5, 2025 /PRNewswire/ — ACRES Commercial Realty Corp. (NYSE: ACR) is announcing today that its board of directors has approved cash dividends for its preferred stock, a move that could signal continued confidence in the commercial real estate lending market.

The company plans to distribute a cash dividend of $0.6379156 per share on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”). This translates to a rate of 10.20665%, incorporating a three-month Term SOFR rate on the dividend determination date, plus a spread of 5.927% per annum. The Series C dividend is scheduled for payment on July 30, 2025, to shareholders of record as of July 1, 2025. This dividend structure reflects ACRES’s strategy in navigating the evolving interest rate landscape, providing investors with a return tied to a floating benchmark.

Additionally, ACRES will pay a cash dividend of $0.4921875 per share on its 7.875% Series D Cumulative Redeemable Preferred Stock. The Series D dividend is also payable on July 30, 2025, to shareholders of record as of July 1, 2025.

ACRES Commercial Realty Corp. focuses on originating, holding and managing commercial real estate mortgage loans, and holds equity investments in commercial real estate through direct ownership and joint ventures. The firm is managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a commercial real estate lender providing financing across the nation’s leading markets, specializing in multifamily, student housing, hospitality, industrial and office properties. For further insights, visit their website at www.acresreit.com.

Forward-Looking Statements

This press release contains forward-looking statements, which are subject to risks and uncertainties. Actual results may differ materially from those projected. Factors that may impact future results are discussed in the company’s SEC filings. ACRES is under no obligation to update forward-looking statements.

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SOURCE ACRES Commercial Realty Corp.