ACRES Commercial Realty Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 24.01 million compared to USD 20.94 million a year ago. Net income was USD 7.73 million compared to USD 5.57 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.08 a year ago.
For the nine months, revenue was USD 68.69 million compared to USD 51.93 million a year ago. Net income was USD 15.84 million compared to USD 13.2 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to diluted loss per share from continuing operations of USD 0.15 a year ago.