ACRES Commercial Realty: Book Value Expands As Buybacks Shrink Outstanding Shares
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Pacifica Yield13.43K FollowersFollow5ShareSavePlay(7min)CommentsSummaryACRES Commercial Realty grew its book value by $1.70 per share sequentially to $29.63 during the third quarter, with the common currently swapping hands at a 20.42% discount.The mREIT bought back 153,000 common shares at a 36% discount to book value during the third quarter, with $2.5 million left on its buyback program.Shareholders in the Series C Preferreds are earning a current yield of 10.15% with these trading at a small 0.8% premium to their liquidation value. Michael Vi/iStock Editorial via Getty Images While ACRES Commercial Realty Corp. (ACR) trades at a double-digit discount to a book value per share that expanded by around 6% sequentially during its fiscal 2025 third quarter, the mREIT does not payThis article was written byPacifica Yield13.43K FollowersFollowThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You