UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — ACRES Commercial Realty Corp. (ACR) on Wednesday reported fourth-quarter net income of $6.6 million, after reporting a loss in the same period a year earlier.

The Uniondale, New York-based company said it had profit of 20 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 55 cents per share.

The commercial real estate investment trust posted revenue of $22.4 million in the period. Its adjusted revenue was $13.4 million.

For the year, the company reported net income of $22.4 million, or 35 cents per share, swinging to a profit in the period. Revenue was reported as $56.7 million.

ACRES Commercial shares have increased 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.93, a rise of 13% in the last 12 months.

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