Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust, which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Apollo Commercial Real Estate Finance (ARI) excels in Q4 performance

Apollo Commercial Real Estate Finance (ARI) delivered a robust performance in Q4 2022, showcasing financial strength and effective risk management strategies. While facing challenges such as EPS growth concerns and credit outlook queries, the company remains well-positioned to capitalize on opportunities for growth and optimization. ARI's proactive approach to addressing market dynamics and asset management bodes well for its future resilience and success.

Apollo Commercial Real Estate Finance (ARI) excels in Q1 2023, navigates interest rate concerns

Apollo Commercial Real Estate Finance (ARI) delivered a strong Q1 2023 performance with robust financial metrics and a focus on liquidity and risk management. Despite challenges related to rising interest rates, the company remains well-positioned to capitalize on opportunities for growth and value creation.

Apollo Commercial Real Estate Finance (ARI) reports strong Q2 performance amidst market challenges

Apollo Commercial Real Estate Finance (ARI) demonstrated solid performance in Q2 with consistent distributable earnings and successful portfolio management. While facing challenges in the real estate market, the company capitalized on opportunities for growth through new lending activities and strong performance in key assets like The Mayflower Hotel. ARI's focus on liquidity and strategic investments positions it well for future success.

Apollo Commercial Real Estate Finance (ARI) reports strong Q3 earnings

Apollo Commercial Real Estate Finance (ARI) demonstrated solid financial performance in Q3 2023, supported by a strong dividend coverage ratio and effective capital management.
With a diversified portfolio, robust liquidity, and prudent risk management practices, ARI is well-positioned to navigate market challenges and capitalize on growth opportunities.
However, the company needs to remain vigilant in managing risks associated with market volatility and real estate sector dynamics while pursuing strategic expansion and operational enhancements.

Apollo Commercial Real Estate Finance reports robust earnings and European growth

ARI's strong financial performance in 2023, proactive asset management, and focus on European market opportunities position the company for continued success.
While challenges related to asset value degradation persist, ARI's financial stability, absence of NPLs, and compliance with covenants are notable strengths.
Opportunities for growth and risk mitigation through effective asset management strategies and market exploration underscore ARI's strategic direction and resilience.

Apollo Commercial Real Estate Finance reports resilient Q1 performance

ARI's Q1 2024 performance showcased resilience in the commercial real estate market, with distributable earnings covering dividends and active capital deployment. Challenges from the Steinway Building loan were mitigated by a specific CECL allowance, while opportunities for growth and transactional activity remain strong.

Apollo Commercial Real Estate Finance reports Q3 earnings amidst market renewal

ARI's Q3 performance reflects a mix of distributable earnings and a GAAP net loss due to loan resolution, with a focus on maximizing recovery value from nonperforming assets. The company's commitment to new loans and fundings, along with an upsized credit facility, strengthens its financial position. Challenges include managing senior loans in Chapter 11 bankruptcy and maintaining an optimal debt-to-equity ratio.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Apollo Commercial Real Estate Finance, Inc. engages in the provision of real estate investment trust. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity. The company was founded on June 29, 2009 and is headquartered in New York, NY.

Apple

AbbVie

AGNC Investment

Antero Midstream Partners

Ares Capital

Broadcom

Boeing

Alibaba

Bank of America

BASF SE

Brookfield Renewable Partners

B&G Foods

bluebird bio

Bank of Montreal

Bank of Nova Scotia

BRT Apartments

Blackstone Group

Blackstone Secured Lending Fund

Colgate-Palmolive

Canadian Imperial Bank of Commerce

Cisco Systems

Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks included Blackstone Secured Lending, Goldman Sachs BDC, and Midcap Financial Investment Corporation.

My Dividend Stock Portfolio: New October Dividend Record - 100 Holdings With 15 Buys

Apollo Commercial Real Estate Finance cut its dividend by 29% due to non-performing loans, but has since improved its dividend pay-out metrics. The trust's portfolio, heavily invested in office loans, shrank in 3Q24, with significant investment losses impacting distributable earnings. Despite the dividend cut, Apollo's stock offers a 10.8% yield and trades at a 32% discount to book value, providing a margin of safety.

Apollo Commercial Real Estate Finance: A Buy After 29% Dividend Cut?

ARI reported a Q3-2024 net income loss of 69 cents per share, with distributable earnings at 31 cents per share. ARI's book value continues to erode, with 10% of loans non-performing. We tell you how this is likely to play out and which 7.86% yield we like on a relative basis.

Apollo Commercial: More Value Destruction As Leverage Remains Sky-High

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Stuart Rothstein – President and Chief Executive Officer Anastasia Mironova – Chief Financial Officer Scott Weiner – Chief Investment Officer Conference Call Participants Doug Harter – UBS Rick Shane – JPMorgan Stephen Laws – Raymond James Harsh Hemnani – Green Street Jade Rahmani – KBW John Nickodemus – BTIG Operator I'd like to remind everyone that today's call and webcasts are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited.

Apollo Commercial Real Estate Finance, Inc. (ARI) Q3 2024 Earnings Call Transcript

The headline numbers for Apollo Commerical Finance (ARI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Apollo Commerical Finance (ARI) Q3 Earnings: A Look at Key Metrics

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.37 per share a year ago.

Apollo Commerical Finance (ARI) Q3 Earnings Beat Estimates

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter ended September 30, 2024.

Apollo Commercial Real Estate Finance, Inc. Reports Third Quarter 2024 Results

Arbor Realty Trust

Ares Commercial Real Estate

ARMOUR Residential REIT

Community Healthcare Trust

Dynex Capital

Ellington Financial

Global Net Lease

Annaly Capital

New York Mortgage Trust

Orchid Island Capital

PennyMac Mortgage Investment

Two Harbors Investment

Uniti Group

Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and American Stock Exchange (since merged with NASDAQ in 1998).

These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000

Apple Hospitality REIT

Bayerische Motoren Werke AG

September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of lower living costs abroad, reinforcing the idea that financial independence is about where and how you live. My September dividend income hit a record $1,141, driven by Ares Capital and MidCap Financial, with a focus on high-yield BDCs.

My Dividend Stock Portfolio: New September Dividend Record - 100 Holdings With 12 Buys

Apollo Commercial Real Estate Finance, Inc. faces significant headwinds, including a dividend cut, lower mortgage rates, and rising systematic risk in the commercial real estate sector. The mREIT's portfolio is concentrated in floating-rate loans with a short weighted average term, exposing it to mark-to-market and collateral valuation risks. Despite a dividend yield of 11.34%, the recent dividend cut signals softer internal growth and the potential for further cuts.

Apollo Commercial: Deep Value Or A Falling Knife?

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its third quarter 2024 financial results on Thursday, October 31, 2024 at 9:00 a.m. Eastern Time. The Company's third quarter 2024 financial results will be released after the market closes on Wednesday, October 30, 2024. During the conference call, Company officers will review third quarter 2024 performance, discuss recent events and conduct a question-and-answer period.

Apollo Commercial Real Estate Finance, Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call

Ready Capital Corp

The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.

Top 3 Financials Stocks That May Jump This Quarter

Angel Oak Mortgage

Alpine Global Premier Properties Fund

Barings BDC Inc

Calamos Dynamic Convertible & Income Fund

Goldman Sachs BDC

Vodafone Group

Invesco Senior Income Trust

The huge surge of inflation since 2021 has not been seen since the Carter Administration's 1970's oil crisis.

Want $5,000 in Annual Passive Income? Invest $5,000 in Each Of These Stocks

We had rated Apollo Commercial as a Sell due to the high risks in its business model. The "surprise" distribution cut has reduced the risks slightly and the stock has of course moved lower as well. We examine the new setup for this mortgage REIT with a double-digit yield.

Apollo Commercial: Distribution Cut, New Yield 10.3%

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.25 per share of common stock, which is payable on October 15, 2024 to common stockholders of record on September 30, 2024.

Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend

Saratoga Investment

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Spotlight On 3 Financials Stocks With Over 12% Dividend Yields

Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks included Blackstone Secured Lending, Ares Capital and Owl Rock Capital.

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

The commercial real estate market is in the midst of extreme pressure and companies exposed to it are taking blows. You can glean strong income from this sector if you are careful and diligent. Management makes all the difference.

Hold Fast To This 13% Income Generator: Apollo Commercial

Apollo Commercial Real Estate Finance maintained a $0.35 per share dividend, but had no margin of safety left for the dividend. The portfolio saw an increase in originations but suffered higher credit provisions in 2Q24. Stocks are selling at a 29% discount to book value, but dividends remain risky due to a lack of margin of safety.

Apollo Commercial: Risky 14% Yield

Starwood Property

Declining mortgage rates, improving purchase originations and interest rate cuts paint a favorable picture for the Zacks REIT and Equity Trust industry. Amid this industry players like STWD, ABR and ARI are poised to flourish.

3 Promising mREIT Stocks to Buy as Industry Gains Momentum

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI ) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Stuart Rothstein - Chief Executive Officer Scott Weiner - Chief Investment Officer Anastasia Mironova - Chief Financial Officer Conference Call Participants Douglas Harter - UBS Rick Shane - JPMorgan Stephen Laws - Raymond James Steven Delaney - Citizens JMP Group, LLC Jade Rahmani - KBW Eric Dray - at Bank of America Merrill Lynch Operator I'd like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited.

Apollo Commercial Real Estate Finance, Inc. (ARI) Q2 2024 Earnings Call Transcript

The headline numbers for Apollo Commerical Finance (ARI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Apollo Commerical Finance (ARI) Q2 Earnings: A Look at Key Metrics

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.11 per share a year ago.

Apollo Commerical Finance (ARI) Tops Q2 Earnings Estimates

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter ended June 30, 2024.

Apollo Commercial Real Estate Finance, Inc. Reports Second Quarter 2024 Results

Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

News for Apollo Commercial Real Estate Finance Stock (ARI)