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Apollo Commercial Real Estate Finance, Inc. - ARI STOCK NEWS

Welcome to our dedicated page for Apollo Commercial Real Estate Finance news (Ticker: ARI), a resource for investors and traders seeking the latest updates and insights on Apollo Commercial Real Estate Finance stock.

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.

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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.

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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.

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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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Apollo Commercial Real Estate Finance, Inc. (ARI) schedules a conference call to discuss its first quarter 2024 financial results. The call will take place on April 30, 2024, at 10:00 a.m. Eastern Time, following the release of the financial results on April 29, 2024.
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Apollo Commercial Real Estate Finance, Inc. (ARI) declares a dividend of $0.35 per share of common stock, payable on April 15, 2024, to stockholders of record on March 28, 2024.
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Apollo Commercial Real Estate Finance, Inc. (ARI) has set April 15, 2024, as the record date for its 2024 Annual Meeting of Stockholders, to be held virtually on June 7, 2024, at 9:00 am Eastern Time. The company's proxy statement will contain details about the virtual meeting.
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Apollo Commercial Real Estate Finance, Inc. (ARI) reported net income available to common stockholders per diluted share of common stock was $0.30 and $0.29 for the quarter and year ended December 31, 2023, respectively. Distributable Earnings per share were $0.36 and $1.09 for the quarter and year ended December 31, 2023, respectively. The company's CEO highlighted the stable and well-covered dividend provided to stockholders despite the challenging macro environment in 2023. ARI took proactive steps in managing its loan portfolio and optimizing its balance sheet, positioning it well to pivot towards offense as the year progressed. The company also committed to two new loan origination transactions in the fourth quarter and will continue to deploy capital alongside Apollo’s broader commercial real estate credit platform. A detailed presentation of the company’s quarter and year ended December 31, 2023 results is available on the company's website.
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Apollo Commercial Real Estate Finance, Inc. (ARI) announced the estimated federal income tax treatment of the Company’s 2023 distributions on its common stock and its 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock. The federal income tax classification of the 2023 distributions on the Company’s common stock as it is expected to be reported on Form 1099-DIV is detailed. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.
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Apollo Commercial Real Estate Finance, Inc. (ARI) will hold a conference call to review its Q4 and full year 2023 financial results on February 7, 2024. The call will include a review of performance, recent events, and a Q&A session. Financial results will be released on February 6, 2024, after the market closes.
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Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) declares a dividend of $0.35 per share of common stock, payable on January 12, 2024, to common stockholders of record on December 29, 2023.
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FAQ

What is Apollo Commercial Real Estate Finance, Inc.?

Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily focuses on originating, acquiring, investing in, and managing commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments.

When was Apollo Commercial Real Estate Finance, Inc. founded?

Apollo Commercial Real Estate Finance, Inc. was founded in 2009.

Where is Apollo Commercial Real Estate Finance, Inc. headquartered?

Apollo Commercial Real Estate Finance, Inc. is headquartered in New York, New York.

What type of properties does ARI invest in?

ARI invests in a variety of property types including residential, retail, healthcare, office, mixed-use, hotel, industrial, and multifamily properties.

How does ARI's tax-exempt status as a REIT work?

As a REIT, ARI is not subject to federal income taxes provided it distributes at least 90% of its REIT taxable income to its shareholders.

What were ARI's recent financial results?

For the quarter ended September 30, 2023, ARI reported a net income of $0.30 per diluted share and distributable earnings of $0.37 per share.

Who manages Apollo Commercial Real Estate Finance, Inc.?

ARI is externally managed by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc.

What is the significance of ARI's floating rate loan portfolio?

ARI's floating rate loan portfolio benefits from higher base rates, which can lead to increased earnings in a rising interest rate environment.

What is ARI's dividend policy?

ARI generally intends to pay dividends to its stockholders in an amount equal to its net taxable income, as authorized by its board of directors.

Where can I find more information about ARI's latest financial results?

Detailed presentations of ARI's latest financial results can be viewed on the company's website at www.apollocref.com.

Apollo Commercial Real Estate Finance, Inc.

NYSE:ARI

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1.50B
142.16M
0.67%
64.24%
3.23%
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