Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 24%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.34 per share when it actually produced earnings of $0.35, delivering a surprise of 2.94%. Over the last ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-34452 | --- | --- | --- | --- | |----------------------------------------------------------------------------|------------- ...

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI) today reported results for the quarter ended September 30, 2024. Net loss attributable to common stockholders per diluted share of common stock was ($0.69) for the quarter ended September 30, 2024. Distributable Earnings (a non-GAAP financial measure defined below) and Distributable Earnings prior to net realized loss on investments per share of common stock was ($0.59) and $0.31 for t ...

Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI ) has lost over 20% of its market value since the start of the year. As discussed in the article, the mREIT experienced numerous headwinds, including a dividend cut, lower mortgage rates, and rising systematic risk withinAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my ow ...

NEW YORK, Oct. 08, 2024 (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 third quarter 2024 financial results on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time. The Company’s third quarter 2024 financial results will be released after the market closes on Wednesday, October 30, 2024. During the conference call, Company officers will review third quarter 2024 performance, discuss re ...

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Colin Anderson Productions pty ltd Co-authored by Treading Softly. "A smooth sea never made a skilled sailor." – Franklin D Roosevelt. When everything is smooth, the ocean is calm, the wind is fair, and the weather is bright, it's easy to think you understand what it means to be a sailor. However, it isn't until the storms come, the wind howls, and the sea is tumultuous that a sailor can transition from being a novice to being skilled. This is because your skills are not truly tested until you face ...

filo Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a large commercial mortgage real estate investment trust in the United States with a focus on the origination of mortgage loans. Apollo Commercial Real Estate Finance maintained its $0.35 per share dividend in the last quarter, but unfortunately was not able to improve its margin of safety as far as the dividend was concerned. The real estate investment trust did profit from a healthy number of originations which led to a QoQ increase in portfol ...

Financial Performance - Net income available to common stockholders was $33 million, or $0.23 per diluted share[6] - Distributable Earnings reached $50 million, or $0.35 per diluted share[6] - Common stock dividends were declared at $0.35 per share, resulting in a dividend yield of 13.9%[6] - The company repurchased $38 million of its common stock at a weighted-average price of $10.16[7] - Subsequent to the quarter, $2 million of common stock was repurchased at a weighted-average price of $9.92[7] Loan Portfolio - The total loan portfolio amounted to $8.3 billion with a weighted-average unlevered all-in yield of 8.9%[7] - First mortgages comprised 95% of the loan portfolio, with 96% being floating rate[7] - Loan repayments year-to-date totaled $759 million, including $583 million in Q2, which includes the sale of a $135 million commercial mortgage in April 2024[7] - New loan commitments year-to-date were $505 million, with $495 million funded at close, and gross add-on fundings were $438 million year-to-date, including $116 million in Q2[7] - Subsequent to the quarter, $464 million of loan proceeds were received, including $421 million in full repayments across three first mortgages and one subordinate loan[7] Capitalization and Subsequent Events - $74 million of financing was obtained secured by the company's D C Hotel[7, 12] - The secured credit facility with Barclays was upsized, providing $300 million in additional capacity[7] - £268 million (approximately $342 million in USD) was committed to two new loans secured by care homes in the UK[7] REO Overview - Total REO (Real Estate Owned) held for investment amounted to $680 million, with net equity of $445 million after deducting $235 million in debt[13]