Financial Performance - Net loss available to common stockholders for 2024 was $132 million, or $0.97 per diluted share, while Q4 reported net income of $38 million, or $0.27 per diluted share [9]. - Distributable Earnings for 2024 totaled $190 million, or $1.33 per diluted share, with Q4 Distributable Earnings at $45 million, or $0.32 per diluted share [9]. - Total net revenue for the year ended December 31, 2024, was $303,671, down from $336,824 in 2023, reflecting a decline of 9.8% [52]. - Net income available to common stockholders for Q4 2024 was $37,584, a decrease of 13.5% compared to $43,472 in Q4 2023 [52]. - The company reported a net loss of $119,636 for the year ended December 31, 2024, compared to a net income of $46,540 in 2023 [52]. - Distributable earnings for Q4 2024 were $44,748, down from $51,571 in Q4 2023, indicating a decline of 13.5% [53]. Dividends - Declared common stock dividends of $1.20 per share in 2024, resulting in a dividend yield of 13.2% and an annual dividend coverage ratio of 1.1x [9]. - The dividend declared per share of common stock for Q4 2024 was $0.25, down from $0.35 in Q4 2023 [52]. Loan Portfolio - Total loan portfolio reached $7.1 billion with a weighted-average unlevered all-in yield of 8.1%, consisting of 95% first mortgages and 95% floating rate loans [9]. - Committed $1.9 billion to new loans in 2024, with $782 million committed in Q4, and loan repayments amounted to $2.5 billion for the year [9]. - The total senior loan portfolio amounts to $7,176 million, with $841 million in unfunded commitments and a weighted average maturity of 2.5 years [35]. - The office loan segment totals $1,650 million, with $264 million in unfunded commitments, primarily located in London, UK, and Manhattan, NY [30]. - The hotel loan segment totals $1,577 million, with $31 million in unfunded commitments, including properties in various locations across Europe and the US [31]. - The residential loan segment totals $1,166 million, with $11 million in unfunded commitments, primarily in the UK and US [31]. - The retail loan segment totals $911 million, with $403 million in unfunded commitments, including properties in London, UK, and Manhattan, NY [31]. - The mixed-use loan segment totals $363 million, with $24 million in unfunded commitments, primarily located in London, UK, and Brooklyn, NY [33]. - The industrial loan segment totals $355 million, with $94 million in unfunded commitments, including properties in Sweden and the UK [33]. - The weighted average loan-to-value ratio for the loan portfolio was 57% [23]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to $8,411,591, with cash and cash equivalents at $317,396 [51]. - The company’s total liabilities as of December 31, 2024, were $6,537,110, with secured debt arrangements at $4,814,973 [51]. - Ended 2024 with total common equity book value of $1.8 billion and total liquidity of $381 million, with no corporate debt maturities until May 2026 [9]. Financial Ratios - The company has a debt-to-equity ratio of 3.2x and a fixed charge coverage ratio of 1.3x, indicating a conservative capital management strategy [38]. - The weighted-average diluted shares for distributable earnings were 140,630,572 for Q4 2024, compared to 144,188,529 in Q4 2023 [53]. Foreign Exchange and Interest Income - The foreign exchange risk is mitigated through local currency-denominated secured debt and forward currency contracts, resulting in a $6.2 million realized gain in Q4 2024 [42]. - Net interest income for Q4 2024 was $43,503, a decrease of 25.1% from $58,007 in Q4 2023 [52]. - Operating expenses for Q4 2024 totaled $38,493, slightly higher than $37,805 in Q4 2023, representing an increase of 1.8% [52].

Apollo Commerical Finance (ARI) reported $43.5 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 25%. EPS of $0.32 for the same period compares to $0.36 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $43.63 million, representing a surprise of -0.28%. The company delivered an EPS surprise of +39.13%, with the consensus EPS estimate being $0.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 39.13%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.25 per share when it actually produced earnings of $0.31, delivering a surprise of 24%.Over the last ...

Market and Economic Risks - The company operates in a competitive market for investment opportunities, which may limit its ability to acquire desirable target assets[16]. - Recent macroeconomic trends, including inflation and higher interest rates, may negatively impact the company's financial condition and results[23]. - A prolonged economic slowdown or recession could impair the company's assets and harm its operations, particularly if accompanied by declining real estate values[139]. - Recent macroeconomic trends, including inflation and higher interest rates, may adversely affect the company's financial condition and results of operations[140]. Regulatory and Compliance Risks - The company may face risks related to governmental intervention and regulatory reform in financial markets, potentially impacting its operations[17]. - To qualify as a REIT, the company must distribute at least 90% of its taxable income annually, which may limit its ability to pursue advantageous investments[171]. - Non-compliance with REIT requirements could lead to U.S. federal income tax liabilities, reducing cash available for distribution to stockholders[169]. - The company may fail to qualify as a REIT if certain loans do not qualify as real estate assets, which could lead to significant tax penalties[180]. - The IRS could challenge the treatment of mezzanine loans and preferred equity investments as debt, potentially jeopardizing REIT qualification[181]. - The company may be required to report taxable income that exceeds the economic income realized from certain investments, affecting cash flow[182]. - Taxable mortgage pool rules may increase taxes for the company and its stockholders, limiting future securitization methods[184]. - Adverse legislative or regulatory tax changes could negatively impact the market price of the company's common stock[190]. Financial and Investment Risks - Access to financing sources may be limited, affecting the company's ability to enhance returns and increasing leverage risk[18]. - The company may not achieve its weighted-average all-in yield on assets, leading to significantly lower future returns than anticipated[20]. - The lack of liquidity of the company's assets may adversely affect its ability to value and sell them[21]. - The company may face significant losses from B Notes and mezzanine loans due to their subordinated nature and the risks associated with borrower defaults[136]. - The company has not adopted any limit on investments in non-investment grade debt securities, which have a higher risk of default[137]. - The company may face risks of default on concentrated assets, which could reduce net income and stock value[30]. - Foreclosure processes for commercial mortgage loans can be lengthy and expensive, negatively affecting anticipated returns[33]. Management and Operational Risks - The company is dependent on its Manager and key personnel for success, with potential conflicts of interest affecting stockholder interests[24]. - The company relies entirely on the Manager for investment and advisory services, with no employees of its own, making it vulnerable to the Manager's performance and personnel stability[161]. - The Manager's liability is limited under the Management Agreement, which could lead to poor performance or losses for which the Manager would not be liable[152]. - The base management fee is based on stockholders' equity, which may not incentivize the Manager to maximize risk-adjusted returns, potentially leading to significant fees despite net losses[157][158]. - The Manager operates under broad investment guidelines, allowing for riskier transactions without prior board approval, which could adversely affect profitability and risk profile[159]. - The company may co-invest with third parties, which could expose it to risks related to decision-making authority and potential disputes[145]. - The company faces risks related to real estate investments, including changes in laws, environmental liabilities, and potential uninsured losses[142]. Management Agreement and Brand Risks - The Management Agreement with the Manager was automatically renewed for a successive one-year term in September 2024, with annual renewal thereafter unless terminated with 180 days prior notice[155]. - Termination of the Management Agreement without cause incurs a termination payment equal to three times the average annual base management fee earned by the Manager during the prior 24 months[154]. - The license agreement with Apollo allows the company to use the "Apollo" name as long as the Management Agreement is in effect, but termination could harm brand recognition[156]. - The Manager's broad discretion in investment decisions may lead to underperformance or losses, impacting the company's ability to pay dividends and affecting stock price[158]. Cash Management and Financial Stability - The company regularly maintains cash balances exceeding the Federal Deposit Insurance Corporation insurance limit, which could pose a risk if the bank fails[144]. - The company may face tax liabilities that could reduce cash flow, even if it qualifies as a REIT[173]. - ACREFI TRS, ARM TRS, and ACREFI III TRS will be subject to U.S. federal, state, and local corporate taxes, impacting cash available for distribution[174].

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter and year ended December 31, 2024. Net income (loss) attributable to common stockholders per diluted share of common stock was $0.27 and ($0.97) for the quarter and year ended December 31, 2024, respectively. Distributable Earnings (a non-GAAP financial measure defined below) and Distributable Earnings prior to net realized loss on investments per ...

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]

Hand with pen over financial data on computer monitorgettyIt’s hard to find a hater right now.Wall Street analysts have Buy ratings on more than 75% of the S&P 500 at the moment.Give us the Sells. That’s right. We contrarians are not afraid to dumpster dive for dividend value!Today we’ll slam a six-pack of analyst pans yielding between 6.1% and 11.8%. We searched far and wide for these loathed names because, as I write, there are but two blue chips in the Sell bin!Sells are where the party is at. Think abou ...