ACRES Commercial Realty Corp. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was USD 5.52 million compared to USD 13.64 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 1.04 a year ago.
For the six months, net income was USD 7.61 million compared to USD 26.7 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to basic earnings per share from continuing operations of USD 2.06 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to diluted earnings per share from continuing operations of USD 2.06 a year ago.