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Apollo Commercial Real Estate Finance, Inc. (ARI) reports developments for a commercial real estate finance REIT that historically originated and managed first-mortgage loans, subordinate financings, commercial mortgage-backed securities and other real estate debt investments. Recent updates include quarterly results, Distributable Earnings, dividend declarations, distribution tax treatment and stockholder meeting notices.
The company also reports corporate actions affecting its balance sheet and capital structure, including the completed sale of its commercial real estate loan portfolio and related changes to assets, indebtedness and book value disclosures.
Apollo Commercial Real Estate Finance (NYSE: ARI) announced that CEO Stuart Rothstein will present at the Citi Global Property CEO Conference on March 9, 2021, starting at 8:15 am ET. The presentation will be accessible via the Company's website, and a replay will be available for thirty days afterward. Apollo ARI focuses on originating and managing commercial real estate loans and is externally managed by ACREFI Management, an Apollo Global Management subsidiary, which had approximately $455 billion in assets under management as of December 31, 2020.
Apollo Commercial Real Estate Finance, Inc. (ARI) announced that its 2021 Annual Meeting of Stockholders is scheduled for June 8, 2021, at 9:00 AM ET, with April 12, 2021, set as the record date. The meeting will be held virtually, and details will be provided in the upcoming proxy statement. Apollo is a real estate investment trust focused on originating and managing commercial mortgage loans and related debt investments. As of December 31, 2020, it was managed by ACREFI Management, an indirect subsidiary of Apollo Global Management.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) announced a $150 million increase to its share repurchase plan, bringing total capacity to $172 million. For Q4 2020, net income per share was $0.23, with Distributable Earnings at $0.15 per share. The company maintained a strong balance sheet and liquidity throughout the pandemic while providing stable dividends. CEO Stuart Rothstein emphasized strategic management during challenging conditions. The company transitioned to using Distributable Earnings as a key performance metric.
Apollo Commercial Real Estate Finance (ARI) has announced the federal income tax treatment for its 2020 distributions on common stock and Series B Preferred Stock. Key details include:
- Total distribution per common share ranged from $0.35 to $0.46.
- Ordinary income per share varied, with amounts from $0.1382 to $0.1816.
- Record dates for distributions spanned from 12/31/2019 to 12/31/2020, with payment dates typically following within weeks.
Stockholders are advised to consult tax advisors for specific tax implications.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) has announced a conference call scheduled for February 11, 2021, to discuss its fourth quarter and full year 2020 financial results, which will be released after market close on February 10, 2021. Participants can join via phone or listen to a live webcast on the Company's website. The event will include a review of the company’s performance and a Q&A session. The release aims to provide insights into the impacts of the COVID-19 pandemic and future market conditions.
Apollo Commercial Real Estate Finance (NYSE: ARI) has declared a dividend of $0.35 per share for its common stock, payable on January 15, 2021. Stockholders of record as of December 31, 2020 will be eligible to receive this dividend. The company primarily focuses on originating, acquiring, and managing commercial mortgage loans and related debt investments. As of September 30, 2020, Apollo Global Management, its indirect parent, managed approximately $433 billion in assets.
Apollo Commercial Real Estate Finance (ARI) has reported its financial results for Q3 2020, revealing a net income per share of $0.31 and Operating Earnings of $0.36 per share. Despite economic uncertainty, the company is positioned defensively, finishing the quarter with $450 million in liquidity after repurchasing $119.2 million of common stock. The quarterly dividend of $0.35 per share was covered by the operating earnings. Detailed results can be found in their earnings presentation.
Apollo Commercial Real Estate Finance (ARI) announced a conference call to discuss its third quarter 2020 financial results on October 27, 2020, at 10:30 a.m. ET. The financial results will be released after the market closes on October 26, 2020. Interested participants can access the call by dialing specified numbers or through a webcast on the company's website. ARI is a real estate investment trust focused on originating, acquiring, and managing commercial mortgage loans and real estate-related debt investments. The company is managed by ACREFI Management, an indirect subsidiary of Apollo Global Management.
Apollo Commercial Real Estate Finance announced a dividend of $0.35 per share, payable on October 15, 2020, to stockholders of record as of September 30, 2020. This dividend payment reflects the company's commitment to returning value to shareholders amid its operations in commercial first mortgage loans and real estate-related debt investments.
As of June 30, 2020, Apollo managed approximately $414 billion in assets through its indirect subsidiary, reinforcing its position in real estate finance.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) reported its Q2 2020 results, revealing a net income of $0.36 per share. However, Operating Earnings were a loss of $0.07 per share, though adjusted for realized losses, the earnings reached $0.38 per share. The company declared a dividend of $0.35 per share and maintained strong liquidity with over $487 million in cash. The termination of an interest rate swap led to a realized loss, and the company highlighted uncertainties due to the COVID-19 pandemic impacting market conditions and financial performance.