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.
Apollo Commercial Real Estate Finance (ARI) reported a net income of $0.32 per diluted share for Q1 2023, with Distributable Earnings at $0.48, or $0.51 before net realized losses. ARI's portfolio, composed of 99% floating rate loans, continues to perform strongly, benefiting from higher base rates despite market challenges. The company's cautious approach to capital deployment aims to enhance liquidity and asset management. A conference call is scheduled for April 27, 2023, to discuss these results in detail. For more information, view the detailed presentation on ARI’s website.
Apollo Commercial Real Estate Finance (NYSE: ARI) will hold a conference call on April 27, 2023, to discuss its first-quarter 2023 financial results, which will be released on April 26, 2023, after market close. The call, scheduled for 9:00 a.m. Eastern Time, allows company officers to review performance and answer questions. Interested participants can register via the provided link to receive dial-in information. Apollo Commercial Real Estate Finance primarily focuses on originating and managing commercial real estate-related debt investments. It is managed by ACREFI Management, an indirect subsidiary of Apollo Global Management, overseeing approximately $548 billion in assets as of December 31, 2022.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) has declared a dividend of $0.35 per share, payable on April 14, 2023, to stockholders of record as of March 31, 2023. The company, primarily engaged in originating and managing commercial mortgage loans, is externally managed by ACREFI Management, an indirect subsidiary of Apollo Global Management. As of December 31, 2022, Apollo Global Management reported approximately $548 billion in assets under management. Investors and stakeholders can find more information on the company’s website at www.apollocref.com.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) announced that its Board of Directors has set April 14, 2023, as the record date for the upcoming 2023 Annual Meeting of Stockholders. The meeting will be held virtually on June 6, 2023, at 9:00 AM Eastern Time. Relevant details will be shared in the ARI 2023 proxy statement. Apollo Commercial Real Estate Finance is a real estate investment trust focused on commercial mortgage loans and related investments. It is externally managed by ACREFI Management, LLC, a subsidiary of Apollo Global Management, which oversees approximately $548 billion in assets as of December 31, 2022.
Apollo Commercial Real Estate Finance (ARI) has announced the closure of two financing facilities aimed at enhancing liquidity and supporting its commercial mortgage loan origination activities. The first facility is a $300 million master repurchase agreement with Banco Santander, S.A. for a two-year term that can be extended by another year. The second facility, a $170 million revolving credit facility administered by Bank of America, N.A., has a three-year term and is secured by qualifying commercial mortgage loans and assets. These moves are part of ARI's strategy to diversify funding sources and optimize its balance sheet.
Apollo Commercial Real Estate Finance (NYSE: ARI) reported a net income loss of ($0.06) per diluted share for Q4 2022, while the yearly income was $1.68 per share. Distributable Earnings were $0.31 for Q4 and $1.67 for the year. The company highlighted its stable loan portfolio and the ability to maintain Distributable Earnings exceeding the common stock dividend. ARI's balance sheet management has diversified its financing sources, concluding 2022 with ample liquidity. The company will host a conference call on February 9, 2023, to discuss these results.
Apollo Commercial Real Estate Finance, Inc. (ARI) announced the estimated federal income tax treatment of its 2022 distributions on common stock and its 7.25% Series B-1 Preferred Stock. Total distributions for common stock were $0.35 per share quarterly, with varying ordinary income portions. For 2022, the ordinary income per share was $0.2445, $0.3500, and $0.1185 for certain distributions. Preferred Stock distributions were $0.453125 per share. Notably, a portion of the January 2023 cash distribution will retroactively count as a 2022 distribution. Shareholders are advised to consult with tax advisors regarding their individual tax implications.
Apollo Commercial Real Estate Finance (ARI) announced a conference call to discuss its fourth quarter and full year 2022 financial results on February 9, 2023, at 10:00 a.m. Eastern Time. The results will be released post-market on February 8, 2023. The call will include a review of performance and a Q&A session. ARI, a real estate investment trust, specializes in commercial first mortgage loans and related debt investments. As of September 30, 2022, Apollo Global Management managed approximately $523 billion in assets. For those unable to attend, a replay link will be posted on ARI's website.
Apollo Commercial Real Estate Finance (ARI) announced a robust loan origination of $3.7 billion for 2022, with $243.1 million secured in Q4 alone. Driven by over $2.2 billion in loan repayments, ARI's portfolio management and performance continued to improve. The company sold properties backing non-performing loans, reinvesting in new opportunities. CEO Stuart Rothstein highlighted the company's strong market position and its intention to generate distributable earnings exceeding dividends in 2023, as ARI benefits from Apollo's global brand strength.
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