Apollo Commercial Real Estate Finance(US:ARI) Globenewswireยท2025-07-29 20:15Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. reported a net income of $0.12 per diluted share and distributable earnings of $0.26 per diluted share for the quarter ended June 30, 2025, indicating a solid performance in the first half of the year [1][2]. Financial Performance - For the first six months of 2025, the company committed $2.0 billion to new loans, utilizing capital from repayments and management of focus assets [2]. - The company recorded no realized losses in the consolidated statement of operations during the six months ended June 30, 2025 [7]. Distributable Earnings - Distributable Earnings, a non-GAAP financial measure, is defined as net income available to common stockholders adjusted for various non-cash items and unrealized gains or losses [4][6]. - The company believes that Distributable Earnings is a key factor in determining dividends and is useful for investors to evaluate performance [5][6]. Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that primarily focuses on originating, acquiring, and managing 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 manages approximately $785 billion in assets as of March 31, 2025 [10].