ACRES Commercial Realty Corp. reports Q4 GAAP EPS (43c), consensus 14c

“The ACRES origination team was extremely active during Q4, adding $571M of high-quality loans to our portfolio. Origination momentum continued into the first quarter of this year, which led to the closing of a $1B CRE CLO in February,” said CEO Mark Fogel. “Our exceptional asset management team continued to build on their successful track record. We are now down to a handful of watchlist assets, all of which have plans in place to produce positive outcomes. As we look ahead, our plan is to continue to grow the portfolio and earnings by providing loans to best-in-class sponsors in top markets across the United States.”