ACRES Commercial Realty Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 23.62 million compared to USD 20.07 million a year ago. Net income was USD 5.67 million compared to USD 5.55 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.08 a year ago.
For the six months, revenue was USD 44.68 million compared to USD 30.99 million a year ago. Net income was USD 8.11 million compared to USD 7.63 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.23 a year ago.