WESTBURY, N.Y. (AP) _ ACRES Commercial Realty Corp. (ACR) on Wednesday reported first-quarter net income of $13.1 million, after reporting a loss in the same period a year earlier.

The Westbury, New York-based company said it had profit of $1.03 per share. Losses, adjusted for non-recurring gains, came to 1 cent per share.

The commercial real estate investment trust posted revenue of $12.7 million in the period. Its adjusted revenue was $11 million.

ACRES Commercial shares have climbed 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.34, a climb of 97% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACR at https://www.zacks.com/ap/ACR