Apollo Commercial Real Estate Finance(ARI) - 2021 Q2 - Earnings Call Presentation

Financial Performance - Distributable Earnings per Diluted Share of Common Stock was $0.41 in Q2 2021[7] - The dividend coverage ratio for the dividend per share of common stock was 1.2x in Q2 2021[8] - Net interest income was $74 million[11] - Net income available to common stockholders was $64 million, or $0.42 per diluted share of common stock[11] Capitalization and Liquidity - The company issued $500 million of 4.625% eight-year Senior Secured Notes[11] - Total liquidity at the end of the quarter was $227 million, including $205 million in cash and $22 million in approved and undrawn credit capacity[11] - Unencumbered loan assets amounted to $2.0 billion[10, 11, 27] Loan Portfolio - New mortgage commitments closed totaled $825 million during the quarter, and $1.4 billion year-to-date[9, 11] - The total loan portfolio was $7.5 billion with a weighted average unlevered all-in yield of 5.5%[11, 28] - First mortgages comprised 88% of the loan portfolio[11] - Floating-rate loans made up 97% of the loan portfolio[11]