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]

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Stuart Rothstein - Chief Executive Officer Scott Weiner - Chief Investment Officer Anastasia Mironova - Chief Financial Officer Conference Call Participants Douglas Harter - UBS Rick Shane - JPMorgan Stephen Laws - Raymond James Steven Delaney - Citizens JMP Group, LLC Jade Rahmani - KBW Eric Dray - at Bank of America Merrill Lynch Operator I'd like to remind everyone that ...

For the quarter ended June 2024, Apollo Commerical Finance (ARI) reported revenue of $51.76 million, down 17.8% over the same period last year. EPS came in at $0.35, compared to -$0.11 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $57.08 million, representing a surprise of -9.32%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $0.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.35 per share when it actually produced earnings of $0.35, delivering no surprise.Over the last four quarte ...

APOLLO Q2 2024 Financial Results Apollo Commercial Real Estate Finance, Inc. August 6, 2024 Unless otherwise noted, information as of June 30, 2024 ll, should not be assumed that investmens made in the fultree will be profitable or will equal the investments skown in this document Ex Forward Looking Statements and Other Disclosures The socenzion moner player promise post, world to will on the Sound on the Sound on only one parts and to Manecial it li Marcel it a mored an or do to mored and driver on m the g ...

w 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 June 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 Apollo Commercial Real Estate Finance, Inc. (Exact name of registrant as specified in its charter) Maryland 27-0467113 ( ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter ended June 30, 2024. Net income attributed to common stockholders per diluted share of common stock was $0.23 for the quarter ended June 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 were $0.35 for the quarter ended June 3 ...

DNY59/E+ via Getty Images In finance, you have to always gauge the risk you take to generate returns. Sure, at the tail end of a long bull market, you can forget that. All sins are washed away (at least temporarily) in the cleansing waters of liquidity. But eventually, you run the risk that things go bad. This is definitely true in high-yield, where you tend to see more brutal downside moves when things turn. Today we will go over Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) and view it from a ...

Core Points - Apollo Commercial Real Estate Finance, Inc. (ARI) will hold a conference call to discuss its second quarter 2024 financial results on August 7, 2024, at 10:00 a.m. Eastern Time [1] - The financial results will be released after market close on August 6, 2024, and the call will include a review of performance and a Q&A session [1] - The company is a real estate investment trust that focuses on originating, acquiring, and managing commercial first mortgage loans and related debt investments [3] - As of March 31, 2024, Apollo Global Management, Inc., the parent company, manages approximately $671 billion in assets [3] Company Information - Apollo Commercial Real Estate Finance, Inc. is externally managed by ACREFI Management, LLC, which is an indirect subsidiary of Apollo Global Management, Inc. [3] - The company primarily invests in performing commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments [3] - Additional information about the company can be found on its website, which has recently changed [3]