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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, Inc. (NYSE: ARI) declared a cash dividend of $0.50 per share on its 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock for the period from April 15, 2020, to July 15, 2020. This dividend is payable on July 15, 2020, to Series B Preferred stockholders on record as of June 30, 2020. The company primarily engages in originating, acquiring, and managing commercial real estate-related debt investments.
Apollo Commercial Real Estate Finance (NYSE: ARI) declared a dividend of $0.35 per share, payable on July 15, 2020 to stockholders of record on June 30, 2020. CEO Stuart Rothstein stated that the dividend reflects the expected operating earnings from the loan portfolio amid the ongoing challenges posed by the COVID-19 pandemic. The company primarily focuses on commercial mortgage loans and is externally managed by ACREFI Management, a subsidiary of Apollo Global Management, which manages approximately $315.5 billion in assets as of March 31, 2020.
Apollo Commercial Real Estate Finance (NYSE: ARI) reported a net loss of $0.86 per share for Q1 2020, while Operating Earnings stood at $0.40 per share. The company maintains a strong liquidity position with over $590 million. CEO Stuart Rothstein praised the team's efforts during the COVID-19 pandemic, emphasizing the support from Apollo Global Management. The earnings teleconference is set for May 8, 2020, at 9:00 a.m. Investors can access further details and earnings presentations online.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) reported a net loss per share of $0.86 for Q1 2020, while Operating Earnings were $0.40 per share. The company highlighted its robust liquidity position, ending the quarter with over $590 million. The CEO commended the team's efforts amid the COVID-19 pandemic. ARI's earnings call is scheduled for May 8, 2020, with replay options available. The company is focused on managing its real estate investments, leveraging the resources of Apollo Global Management, which manages approximately $315.5 billion in assets.