ACRES Commercial Realty (ACRES Commercial Realty) Interest Expense : $-130.67 Mil (TTM As of Mar. 2024)

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What is ACRES Commercial Realty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ACRES Commercial Realty's interest expense for the three months ended in Mar. 2024 was $ -31.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-130.67 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. ACRES Commercial Realty's Operating Income for the three months ended in Mar. 2024 was $ Mil. ACRES Commercial Realty's Interest Expense for the three months ended in Mar. 2024 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ACRES Commercial Realty Interest Expense Historical Data

The historical data trend for ACRES Commercial Realty's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ACRES Commercial Realty Interest Expense Chart

ACRES Commercial Realty Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

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Dec23

Interest Expense

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-83.84

-58.01

-61.58

-82.32

-130.79

ACRES Commercial Realty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-31.38	-32.44	-33.56	-33.42	-31.25

ACRES Commercial Realty Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-130.67 Mil.

ACRES Commercial Realty (ACRES Commercial Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ACRES Commercial Realty Corp (NYSE:RSOpACL.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

ACRpC.PFD:USA ACR:USA R9L:Germany

Address

390 RXR Plaza, Uniondale, New York, NY, USA, 11556

Website

https://www.acresreit.com

ACRES Commercial Realty Corp is a commercial real estate investment trust that focuses on real-estate-related assets and, to a lesser extent, commercial finance assets. The company invests in commercial real-estate-related assets, including whole loans, A notes, B notes, mezzanine loans, and mortgage-related securities, as well as commercial finance assets, which include other asset-backed securities, senior secured corporate loans, equipment leases and notes, trust preferred securities, debt tranches of collateralize debt obligations, and private equity investments mainly issued by financial institutions.