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Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a prominent real estate investment trust (REIT) that focuses on originating, acquiring, investing in, and managing commercial first mortgage loans, subordinate financings, and various other commercial real estate-related debt investments across the United States. Established in 2009 and headquartered in New York, New York, the company leverages its extensive expertise to offer substantial value to its stakeholders.
As a REIT, Apollo Commercial Real Estate Finance, Inc. benefits from a unique tax structure under the Internal Revenue Code, exempting it from federal income taxes provided it distributes at least 90% of its REIT taxable income to its shareholders. This policy underscores the company’s commitment to returning value to its investors through regular dividends. Recently, ARI declared dividends of $0.35 per share, illustrating its steady financial health and commitment to shareholder returns.
The company's diversified portfolio includes a range of property types such as residential, retail, healthcare, office, mixed-use, hotel, industrial, and multifamily properties, with significant investments in New York City and other regions. ARI’s portfolio is predominantly composed of floating rate loans, which has allowed it to capitalize on rising base rates in the current economic environment.
In the latest financial update for the period ended September 30, 2023, ARI reported a net income attributable to common stockholders of $0.30 per diluted share and distributable earnings of $0.37 per share. Despite the challenging macroeconomic conditions, ARI's proactive asset management and strategic capital deployment have facilitated consistent distributable earnings, supporting its robust dividend payouts.
Additionally, ARI maintains a cautious approach to capital deployment amidst ongoing market uncertainties. The company’s senior management, led by CEO Stuart Rothstein, emphasizes the importance of liquidity and proactive asset management strategies to navigate the volatile market conditions effectively.
Apollo Commercial Real Estate Finance, Inc. is externally managed by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, Inc., a global alternative asset manager with approximately $631 billion in assets under management as of September 30, 2023. This association provides ARI with substantial leverage and expertise in managing its diverse asset portfolio.
Looking ahead, ARI continues to prioritize maintaining stable and covered dividends while exploring new opportunities for capital deployment aligned with its strategic goals. The company remains committed to generating consistent returns for its shareholders while navigating the complexities of the commercial real estate market.
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial results after market close on Wednesday, October 30, 2024. A conference call to review these results will be held on Thursday, October 31, 2024, at 9:00 a.m. Eastern Time.
During the call, company officers will review Q3 2024 performance, discuss recent events, and conduct a Q&A session. Interested parties can register for the call using the provided link. A live webcast link will also be available on ARI's website. For those unable to attend, a webcast replay will be posted approximately two hours after the call in the Stockholders' section of ARI's website.
Apollo Commercial Real Estate Finance (NYSE:ARI) has declared a quarterly dividend of $0.25 per share of common stock, payable on October 15, 2024 to stockholders of record on September 30, 2024. CEO Stuart Rothstein explained that the dividend decision reflects the impact of ARI's focus loans and anticipated declines in floating interest rate benchmarks. The company aims to provide a consistent quarterly dividend supported by operating earnings. As ARI resolves its focus loans, it expects to benefit from Apollo's pipeline of new floating rate loan opportunities and the ability to redeploy capital into investments with increased operating earnings potential.
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) reported its Q2 2024 results. Net income per diluted share was $0.23, while Distributable Earnings per share stood at $0.35. The company provided an update on its healthcare loan, which remains current on interest payments despite Steward Health Care's Chapter 11 bankruptcy filing in May 2024. ARI anticipates recording a Specific CECL Allowance of approximately $90 million in a subsequent quarter due to ongoing developments. The company's board considers Distributable Earnings as a key factor in setting dividends. ARI will hold a conference call on August 7, 2024, to review Q2 results.
Apollo Commercial Real Estate Finance (ARI) has scheduled its Q2 2024 earnings release and conference call. The financial results will be disclosed after market hours on August 6, 2024. The conference call to discuss these results will take place the next day, August 7, 2024, at 10:00 a.m. Eastern Time. During the call, company executives will review the performance, discuss recent events, and engage in a Q&A session. Interested participants can register online to receive a dial-in number and unique pin. A live webcast and a replay will be available on ARI's website.
Apollo Commercial Real Estate Finance announced a dividend of $0.35 per share of common stock, payable on July 15, 2024, to stockholders of record as of June 28, 2024. This move is part of the company's regular quarterly dividend payout.
Apollo Commercial Real Estate Finance, Inc. (ARI) reported a net loss per diluted share of ($0.76) and Distributable Earnings of $0.35 per share for the first quarter of 2024. The company recorded an incremental CECL allowance of $142 million on a mezzanine loan in NYC, resulting in a book value decline. A detailed presentation of the results is available online. A conference call to review the results will be held on April 30, 2024.
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