A
res Commercial Real Estate Corp. (ACRE) reported a second-quarter loss of $11 million, with the New York-based company citing a loss per share of 20 cents. Adjusted losses were significantly higher at 51 cents per share.

    The real estate investment trust generated revenue of $12.6 million during the period, but adjusted revenue was higher at $23.1 million. ACRE's shares closed at $4.52 on Tuesday, down from $7.39 a year ago.

    This decline in stock value reflects the company's financial struggles, with its second-quarter results indicating ongoing challenges for the business.