The market expects Apollo Commerical Finance (ARI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 10, 2025, might help the stock move higher if these ...

NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the estimated federal income tax treatment of the Company’s 2024 distributions on its common stock (CUSIP #03762U105) and its 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock. The federal income tax classification of the 2024 distributions on the Company’s common stock as it is expected to be reported on Form 1099-DIV is set forth in the following table ...

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its fourth quarter and full year 2024 financial results on Tuesday, February 11, 2025 at 10:00 a.m. Eastern Time. The Company’s fourth quarter and full year 2024 financial results will be released after the market closes on Monday, February 10, 2025. During the conference call, Company officers will review fourth quarte ...

Company Performance - The company originated $782 million of loans in the fourth quarter of 2024, bringing annual loan originations to $1.9 billion for the year [1][2] - During the fourth quarter of 2024, the company funded $97 million for loans previously closed [3] - The company received $0.8 billion from loan repayments in the fourth quarter of 2024, bringing total repayments for the year to $2.5 billion [4] Loan Portfolio Details - Of the $0.8 billion in loan repayments, approximately 41% came from loans secured by properties in the United States and 59% came from loans secured by properties in the United Kingdom and Europe [4] - The repaid loans were secured by retail, hotel, residential, mixed-use, and industrial properties [4] Company Overview - The company is a real estate investment trust that primarily originates, acquires, invests in, and manages performing commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments [5] - The company is externally managed and advised by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, Inc [5] - Apollo Global Management, Inc had approximately $733 billion of assets under management as of September 30, 2024 [5]

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Apollo Commercial Real Estate Finance Inc. (NYSE: ARI ) slashed its dividend from $0.35 to $0.25 per share in September, reflecting a 29% decline due to the trust’s non-performing loans, particularly in its office loan portfolio.A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and st ...

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Financial Data and Key Metrics Changes - Apollo Commercial Real Estate Finance reported distributable earnings prior to realized loss of $44 million or $0.31 per share for Q3 2024, while GAAP net loss attributable to common stockholders was $95 million or negative $0.69 per diluted share, including a $128 million realized loss related to a loan secured by hospitals in Massachusetts [17][18][25] - The portfolio ended the quarter with a carrying value of $7.8 billion and a weighted average leveraged yield of 8.5% [20][25] - The company received $953 million in loan repayments during the quarter, exceeding the combined repayments of the first two quarters by over $190 million [20][35] Business Line Data and Key Metrics Changes - The company committed $597 million across two new loans and one refinancing transaction during the quarter, alongside funding an additional $93 million for previously closed loans [20] - A €200 million loan secured by office assets in Germany was downgraded to a risk rating of 4, although it remains current on interest payments [22] Market Data and Key Metrics Changes - The real estate market is showing signs of renewal, with increased transaction volume attributed to a recent Fed interest rate cut and overall economic strength [5][6] - The lending environment remains favorable, with opportunities to deploy capital into loans secured by properties at reset valuations [6] Company Strategy and Development Direction - The company is focused on proactive asset management and resolving underperforming loans to maximize recovery value [7] - The board's decision to set the Q3 dividend at $0.25 per share reflects the impact of remaining watch-list loans and anticipated declines in floating interest rate benchmarks [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to achieve the value carried on the balance sheet for the Massachusetts properties, despite challenges in converting such properties [34] - The company anticipates continued strong repayments and a robust pipeline of new originations, with expectations for capital deployment to increase operating earnings potential [36][45] Other Important Information - The company has no corporate debt maturities until May 2026 and ended the quarter with over $300 million in total liquidity [25] - The retail component at 111 West 57th Street has been leased to Bonhams, expected to open in the second half of 2025, contributing to positive market sentiment [13][54] Q&A Session Summary Question: Update on the Massachusetts loan status - The company retains two closed hospitals and a $41 million loan against one sold hospital, with a total of $60 million in assets still on the books [26][28] Question: Details on the German office loan downgrade - The loan is a lease-up play, and while leasing is slower than anticipated, the company expects to recover full value [30] Question: Outlook on repayments and originations - Management expects repayments to remain strong, with a robust pipeline of new originations, and believes leverage will stay roughly the same [45][47] Question: Interest expense increase despite declining rates - Management will circle back to address the specific drivers of the interest expense increase [52] Question: Update on sales at 111 West 57th Street - Four units are under contract, with expected net proceeds of approximately $55 million, which will reduce the outstanding senior loan [54]

APOLLO Q3 2024 Financial Results Apollo Commercial Real Estate Finance, Inc. October 30, 2024 Unless otherwise noted, information as of September 30, 2024 It should not be assumed that investments made in the future will be profitable or will equal the performance of the investments shown in this document. 2 Forward Looking Statements and Other Disclosures This presentation may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Sectio ...

For the quarter ended September 2024, Apollo Commerical Finance (ARI) reported revenue of $47.04 million, down 21.9% over the same period last year. EPS came in at $0.31, compared to $0.37 in the year-ago quarter. The reported revenue represents a surprise of -0.59% over the Zacks Consensus Estimate of $47.32 million. With the consensus EPS estimate being $0.25, the EPS surprise was +24.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...