Apollo Commercial Real Estate Finance, Inc. Reports First Quarter 2025 Results

Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. reported a net income of $0.16 per diluted share and distributable earnings of $0.24 per diluted share for the first quarter of 2025, reflecting the impact of elevated repayments and capital deployment of $650 million [1][2]. Financial Performance - Net income attributable to common stockholders per diluted share was $0.16 for the quarter ended March 31, 2025 [1]. - Distributable Earnings per diluted share was $0.24 for the same period, which is a non-GAAP financial measure [1][4]. - The Company recorded no realized losses in the consolidated statement of operations during the three months ended March 31, 2025 [7]. Capital Deployment - The Company deployed $650 million in capital during the first quarter of 2025, focusing on redeploying capital into newly originated loans [2]. Dividend Policy - As a REIT, the Company is required to distribute at least 90% of its taxable income annually, and it intends to pay dividends in an amount equal to its net taxable income over time, subject to board authorization [5]. Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that primarily originates, acquires, invests in, and manages performing commercial first mortgage loans and related debt investments [10]. - The Company is externally managed by ACREFI Management, LLC, a subsidiary of Apollo Global Management, which had approximately $751 billion in assets under management as of December 31, 2024 [10].