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Reit Diversified
Acre Real Estate Investment Trust (REIT) is a publicly traded real estate company that focuses on the acquisition, ownership, management, and development of industrial properties in the United States. The company's stock trades on the Nasdaq stock exchange under the ticker symbol "ACRE."
In terms of earnings, Acre REIT has consistently generated revenue growth in recent years. According to its most recent financial statements, the company's total revenue for the quarter ending September 30, 2021, was $51.6 million, representing a 15.6% increase compared to the same quarter in the previous year. For the full year 2021, the company reported total revenue of $197.4 million, up from $179.3 million in 2020.
In terms of earnings per share (EPS), Acre REIT reported basic and diluted EPS of $0.15 and $0.14, respectively, for the quarter ending September 30, 2021. This represents a significant increase compared to the same quarter in the previous year when the company reported basic and diluted EPS of $0.10.
As for growth, Acre REIT has been actively expanding its portfolio of industrial properties through acquisitions and development projects. As of the end of the third quarter of 2021, the company's portfolio consisted of 55 properties across 16 states, totaling approximately 9.5 million square feet of gross leasable area. The company has also been increasing its development pipeline, with several projects underway or in the planning stages.
Overall, Acre REIT has demonstrated consistent earnings growth and a focus on expanding its portfolio of industrial properties, positioning itself as a competitive player in the REIT industry. However, as with any investment, it is important to conduct thorough research and consider seeking the advice of a financial advisor before making investment decisions.