Apollo Commercial Real Estate Finance(US:ARI)2020-05-08 13:56Financial Results - Net interest income was $747 million[7] - Net loss available to common stockholders was ($1312) million, or ($086) per diluted share[7] - Operating Earnings were $627 million, or $040 per diluted share[7] - A common stock dividend of $040 per share was declared for Q1 2020[7] Liquidity and Capitalization - Current liquidity was $582 million[7] - As of May 6, 2020, cash on hand was $567 million and approved & undrawn credit capacity was $15 million[7] - Unencumbered loan assets were $11 billion as of May 6, 2020[7] - Debt-to-equity ratio was 16x[7] Loan Portfolio - Total loan portfolio was $64 billion[7] - Weighted average unlevered all-in yield was 67%[7] - 95% of loans have floating interest rates[7] Balance Sheet and CECL Allowance - Total investments, net were $6431 million as of March 31, 2020[32] - The company recorded a Specific CECL Allowance of ($150) million and a General CECL Allowance of ($64) million[12]