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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) 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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