Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. reported its financial results for the quarter and year ended December 31, 2025, highlighting key metrics such as net income and distributable earnings [1][2]. Financial Performance - Net income available to common stockholders per diluted share was $0.18 for the quarter and $0.81 for the year ended December 31, 2025 [2]. - Distributable Earnings per diluted share were $0.26 for the quarter and $0.98 for the year, with Distributable Earnings prior to realized loss on investments and realized gain on litigation settlement being $0.26 and $1.05 respectively for the same periods [2]. Distributable Earnings Definition - Distributable Earnings is defined as net income available to common stockholders adjusted for various non-cash items, including equity-based compensation, unrealized gains or losses, and foreign currency gains or losses [5][6]. - The Company believes that Distributable Earnings is a useful measure for investors to evaluate performance and is a key factor in determining dividends [6][7]. Realized Gains and Losses - During the year ended December 31, 2025, the Company recorded realized losses related to a subordinate loan and a promissory note, alongside a realized gain from a litigation settlement involving a hospital property [8]. Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that focuses on originating, acquiring, and managing commercial mortgage loans and related debt investments [11]. - The Company is externally managed by ACREFI Management, LLC, a subsidiary of Apollo Global Management, which manages approximately $938 billion in assets as of December 31, 2025 [11].
Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter and Full Year 2025 Results