Every 8-K that Apollo Commercial Real Estate Finance, Inc. (ARI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ARI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ARI filings page.
Apollo Commercial Real Estate Finance, Inc. (ARI) has indefinitely suspended its Direct Stock Purchase and Dividend Reinvestment Plan (the “Plan”). The suspension will commence on September 29, 2026, and ARI may terminate the Plan at a later date.
The last direct stock purchases under the Plan will occur on September 28, 2026, and the last recurring ACH debit will be on September 25, 2026, with those funds included in the final purchases. After the suspension, future ARI dividend payments will be paid in cash, and funds received on or after September 28, 2026 for stock purchases will be returned to participants by Equiniti Trust Company, LLC.
Apollo Commercial Real Estate Finance, Inc. reported second-quarter 2026 net income available to common stockholders of $22.7 million, or $0.11 per diluted share. Distributable Earnings prior to net realized loss on investments and loss on extinguishment of debt were $21 million, or $0.15 per diluted share, while total Distributable Earnings were a loss of $349.1 million, or ($2.62) per share, driven by a large portfolio transaction and related charges.
On April 24, 2026 the company completed the sale of its commercial real estate loan portfolio to Athene Holding Ltd. for a purchase price based on 99.7% of total loan commitments. This led to a $339.1 million net realized loss on investments and a $30.7 million loss on extinguishment of debt as secured and corporate-level facilities were repaid. The company ended the quarter with $1.24 billion of cash, debt only on its Brooklyn multifamily construction financing, and total common equity book value of about $1.1 billion or $8.47 per share.
The board declared common stock dividends of $3.75 per share for the quarter, expected to be largely classified as return of capital, and the company repurchased 8.6 million shares at a weighted-average price of $10.85. After quarter-end, it redeemed all $169 million of 7.25% Series B-1 preferred stock and filed a preliminary proxy to seek stockholder approval for a Plan of Complete Liquidation and Dissolution.
Apollo Commercial Real Estate Finance, Inc. held its Annual Meeting of Stockholders on July 9, 2026, with 107,005,450 common shares represented, about 81.7% of shares entitled to vote. Stockholders elected eight directors for terms expiring in 2027, with support levels generally exceeding 80 million votes for each nominee. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, by 106,073,804 votes for versus 515,400 against. On an advisory basis, stockholders approved executive compensation with 80,938,314 votes for, 2,718,117 against, 929,854 abstentions, and 22,419,165 broker non-votes.
Apollo Commercial Real Estate Finance, Inc. (ARI) announced that its board declared a $3.75 per share common stock dividend, payable on July 15, 2026 to stockholders of record on June 30, 2026. This payment will be predominately treated as a return of capital.
The board also concluded, after reviewing strategic alternatives, that a plan of complete liquidation and dissolution of ARI, including selling remaining assets and winding down the business, is advisable and in the best interest of the company and its stockholders, subject to stockholder approval. ARI plans to file a preliminary proxy statement outlining the dissolution plan, and the board retains discretion to amend, terminate or pursue other strategic options such as a merger or business combination.
Apollo Commercial Real Estate Finance, Inc. reported that director Scott S. Prince has informed the company he will not stand for re-election to the Board at the next annual meeting of stockholders. The company stated that Mr. Prince’s decision is not due to any dispute or disagreement regarding its operations, policies or practices.
Apollo Commercial Real Estate Finance, Inc. reported first quarter 2026 net income available to common stockholders of $23.2 million, or $0.16 per diluted share. Distributable Earnings were $30.7 million, or $0.22 per diluted share, compared with a declared common dividend of $0.25 per share.
The company reported a commercial loan portfolio of $8.9 billion with a weighted-average unlevered all-in yield of 7.0%, primarily first mortgages and mostly floating rate. During and after the quarter, Apollo Commercial repurchased common shares and its board approved a $150 million stock repurchase program.
Subsequently, the company completed the sale of its commercial real estate loan portfolio to Athene Holding Ltd. for a purchase price based on 99.7% of total loan commitments, unwound related foreign currency hedges, and used proceeds to repay associated secured debt and corporate-level facilities. Book value of common equity was about $1.6 billion and total liquidity was $285 million as of quarter end.
Apollo Commercial Real Estate Finance, Inc. completed the sale of its commercial real estate loan portfolio to Athene Holding Ltd. for cash consideration of approximately $8.6 billion, based on 99.7% of total loan commitments. The portfolio is described as a $9 billion commercial real estate loan portfolio.
Proceeds were used to repay in full all outstanding term loans under the Term Loan Credit Agreement and all revolving borrowings under the $275,000,000 Revolving Credit Facility, and to fund the full redemption of $500,000,000 of 4.625% Senior Secured Notes due 2029 on June 15 2026. After repayment of financing facilities, other indebtedness and expenses, ARI expects total assets of $2.2 billion, primarily cash, equating to book value per share of $12.05.
The company entered into an Amended and Restated Management Agreement with a 50% reduction in its annual management fee rate during a strategic review, with the fee paid in common stock. Management, together with the board and Apollo professionals, is evaluating new commercial real estate–related strategies; if no new strategy or strategic transaction is announced by year-end, Apollo intends to recommend the board explore all available strategic alternatives, including dissolution.
Apollo Commercial Real Estate Finance, Inc. held a Special Meeting of Stockholders on April 21, 2026, where stockholders approved two major proposals. A total of 93,729,980 shares, representing approximately 67.5% of the common stock entitled to vote, were present in person or by proxy.
Stockholders approved the sale of the company’s commercial real estate loan portfolio to Athene Holding Ltd. pursuant to the existing asset purchase and sale agreement, with 92,625,412 votes for, 738,476 against and 366,093 abstaining. They also approved issuing shares of common stock to the company’s manager, ACREFI Management, LLC, in lieu of cash under an amended and restated management agreement related to the asset sale, with 91,998,341 votes for, 1,368,261 against and 363,369 abstaining.
Apollo Commercial Real Estate Finance, Inc. (ARI) reported full-year 2025 net income available to common stockholders of $114 million, or $0.81 per diluted share, and fourth-quarter net income of $26 million, or $0.18 per diluted share.
For 2025, Distributable Earnings were $139 million, or $0.98 per diluted share, and $37 million, or $0.26 per diluted share, in the fourth quarter. Distributable Earnings prior to realized loss on investments and realized gain on litigation settlement were $148.7 million, or $1.05 per diluted share for the year.
The company declared $1.00 per share of common dividends in 2025, implying a stated 9.4% dividend yield and a 0.98x annual dividend coverage ratio based on Distributable Earnings prior to realized loss and gain. Book value of common equity was about $1.7 billion, or $12.14 per share, at year-end.
ARI reported a total commercial real estate loan portfolio of $8.8 billion across 56 loans, with a weighted-average unlevered all-in yield of 7.3%, 99% in first mortgages and 96% floating-rate exposure. The weighted-average portfolio risk rating was 3.0 and weighted-average loan-to-value was 59%.
During 2025, ARI committed $4.4 billion to new loans, saw $2.9 billion of loan repayments and sales, and recorded $899 million of add-on fundings. In the fourth quarter, the company recorded a $3.0 million specific CECL allowance on a commercial mortgage loan secured by a hotel property in Chicago.
Year-end liquidity totaled $151 million, including $144 million of cash and $7 million of available leverage on secured debt arrangements. Management highlighted that there are no corporate debt maturities until June 2029.
Subsequent to year-end, ARI entered into a definitive agreement with Athene Holding Ltd. to sell its entire loan portfolio at a purchase price based on 99.7% of total loan commitments, and received full repayment of an $87 million first mortgage secured by a resort in St. Thomas, U.S. Virgin Islands.
Apollo Commercial Real Estate Finance, Inc. agreed to sell its entire commercial real estate loan portfolio to Athene Holding Ltd.. Athene will pay in cash an amount based on 99.7% of the total commitment of each loan at closing, excluding two loans with $146 million of combined principal expected to be repaid beforehand.
Closing requires approval by a majority of outstanding shares, delivery of documents for at least 85% of the aggregate purchase price, and execution of an amended and restated management agreement. The deal includes a go‑shop period through February 21, 2026 and termination fees of $25 million for superior proposals from certain excluded parties or $50 million otherwise. Apollo Management Holdings agreed to reimburse up to $10 million of transaction expenses.
Apollo Commercial Real Estate Finance, Inc. (ARI) furnished materials announcing its financial results for the quarter ended September 30, 2025. The company provided a summary press release and a detailed investor presentation as Exhibits 99.1 and 99.2.
The information was furnished under Item 2.02 and is not deemed filed under the Exchange Act. It will not be incorporated by reference into Securities Act documents unless expressly stated.