ACRES Declares Cash Dividends on Preferred Stock with 9.77% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
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Should l Buy ACR?
Source: PRnewswire
- Dividend Announcement: ACRES Commercial Realty Corp. has declared a cash dividend of $0.6103331 per share on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, reflecting a yield of 9.76533%, demonstrating the company's commitment to shareholder returns.
- Dividend Payment Timing: This dividend will be payable on January 30, 2026, to shareholders of record as of January 2, 2026, ensuring investors receive stable cash flow at the start of the new year, which enhances investor confidence in the company.
- Series D Dividend: Additionally, the company will pay a cash dividend of $0.4921875 per share on its 7.875% Series D Cumulative Redeemable Preferred Stock, further increasing its attractiveness in the preferred stock market.
- Company Background: ACRES Commercial Realty Corp. focuses on originating, holding, and managing commercial real estate mortgage loans, externally managed by ACRES Capital, LLC, showcasing its strong capabilities and market positioning in the middle market sector.
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Analyst Views on ACR
About ACR
ACRES Commercial Realty Corp. is a real estate investment trust. The Company is primarily focused on originating, holding and managing commercial real estate (CRE) mortgage loans and equity investments in commercial real estate property through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in the United States markets. Its objective is to provide its stockholders with total returns over time, including the payment of quarterly distributions when approved by its board of directors and capital appreciation, while seeking to manage the risks associated with its investment strategies. It invests in CRE whole loans, CRE mezzanine loans and CRE equity investments.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Enhanced Financing Capacity: ACRES Commercial Realty issues $879.5 million of non-recourse floating-rate notes through its newly formed subsidiary, expected to elevate the company's financing capacity to approximately $1 billion in first mortgage loans, thereby enhancing its competitive position in the market.
- Optimized Rate Structure: The notes carry a weighted-average cost of SOFR +168 basis points, providing relatively flexible financing conditions that enable the company to effectively manage interest rate risk and optimize its capital structure.
- Flexible Reinvestment Mechanism: The transaction includes ramp-up and reinvestment features, allowing the company to flexibly address future loan pipeline financing needs, thus supporting its long-term growth strategy.
- Transaction Timeline: The transaction is expected to close by February 12, 2026, marking an active positioning in the capital markets and further solidifying the company's standing in the commercial real estate sector.
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- Enhanced Financing Capacity: ACRES Commercial Realty is issuing $879.5 million of non-recourse floating-rate notes through its newly formed subsidiary, which is expected to provide the company with the capacity to finance approximately $1 billion in commercial real estate first mortgage loans, significantly boosting its competitive edge in the market.
- Flexible Transaction Structure: The transaction features a 180-day ramp-up acquisition period and a 30-month reinvestment period, allowing the company to flexibly utilize unused proceeds to acquire eligible mortgage assets, thereby optimizing asset allocation and revenue potential.
- Positive Market Response: CEO Mark Fogel noted that the successful execution of this transaction reflects the outstanding performance of the syndicate, indicating strong market confidence and support for ACRES Commercial Realty, further solidifying its position in the commercial real estate sector.
- Compliance and Risk Management: The securities will not be registered in the U.S. and are limited to private transactions, ensuring the company operates within a compliance framework while mitigating potential market risks and protecting investor interests.
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- Enhanced Financing Capacity: ACRES Commercial Realty's issuance of $879.5 million in non-recourse floating-rate notes through its newly formed subsidiary is expected to provide the company with the capacity to finance approximately $1 billion in commercial real estate loans, significantly boosting its competitive position in the market.
- Diverse Note Structure: The offering includes $589.7 million of Class A Notes with a rate of SOFR+145 basis points, along with various other classes, showcasing a flexible financing structure that caters to different investor needs and enhances market appeal.
- Flexible Reinvestment Mechanism: The transaction features a 180-day ramp-up acquisition period and a 30-month reinvestment period, allowing the company to strategically acquire eligible mortgage assets in the future, thereby optimizing its asset portfolio and enhancing revenue potential.
- Positive Market Response: The notes are offered privately and are not registered under the Securities Act of 1933, indicating strong demand in the private market, which is expected to further drive the company's expansion and growth in the commercial real estate sector.
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- Floating-Rate Notes Issuance: A commercial realty corporation is set to issue floating-rate notes amounting to $879.5 million.
- Financial Strategy: The issuance of these notes is likely part of a broader financial strategy to manage interest rate exposure and liquidity.
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Announcement of Pricing: A commercial realty corporation has announced the pricing of a $1.0 billion offering.
Backing Details: The offering is backed by commercial mortgage loans, indicating a focus on real estate financing.
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- Dividend Announcement: ACRES Commercial Realty Corp. has declared a cash dividend of $0.6103331 per share on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, reflecting a yield of 9.76533%, demonstrating the company's commitment to shareholder returns.
- Dividend Payment Timing: This dividend will be payable on January 30, 2026, to shareholders of record as of January 2, 2026, ensuring investors receive stable cash flow at the start of the new year, which enhances investor confidence in the company.
- Series D Dividend: Additionally, the company will pay a cash dividend of $0.4921875 per share on its 7.875% Series D Cumulative Redeemable Preferred Stock, further increasing its attractiveness in the preferred stock market.
- Company Background: ACRES Commercial Realty Corp. focuses on originating, holding, and managing commercial real estate mortgage loans, externally managed by ACRES Capital, LLC, showcasing its strong capabilities and market positioning in the middle market sector.
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