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, Inc. (NYSE: ARI) declared a dividend of $0.35 per share, payable on April 15, 2022, to stockholders of record on March 31, 2022. The company is a real estate investment trust focused on originating, acquiring, and managing commercial first mortgage loans and related debt investments. Apollo had approximately $497.6 billion in assets under management as of December 31, 2021.
Apollo Commercial Real Estate Finance (NYSE: ARI) has announced its 2022 Annual Meeting of Stockholders will occur virtually on June 7, 2022, with a record date of April 14, 2022. The meeting details will be provided in the proxy statement.
As a real estate investment trust, ARI primarily focuses on originating and managing commercial mortgage loans and related debt investments. The company is externally managed by ACREFI Management, an indirect subsidiary of Apollo Global Management, which manages approximately $497.6 billion in assets.
Apollo Commercial Real Estate Finance (NYSE: ARI) will participate in the Citi Global Property CEO Conference on March 8, 2022. CEO Stuart Rothstein is set to present at 10:30 am ET at The Diplomat Beach Resort, Hollywood, Florida. The presentation will be live-streamed on the Company’s website, with a replay available for thirty days post-event. Apollo Commercial Real Estate Finance focuses on originating, acquiring, and managing commercial real estate-related debt investments, under the guidance of ACREFI Management, LLC, a subsidiary of Apollo Global Management.
Apollo Commercial Real Estate Finance (NYSE: ARI) reported its financial results for Q4 and the year ending December 31, 2021. The net income for common stockholders per diluted share was $0.23, while Distributable Earnings were $0.32 per share. In 2021, ARI’s mortgage portfolio expanded by 20%, reaching over $7.9 billion. Additionally, the company secured $800 million in term leverage, enhancing its balance sheet. CEO Stuart Rothstein expressed confidence in continuing to provide attractive, risk-adjusted returns to shareholders.
Apollo Commercial Real Estate Finance (NYSE: ARI) released the estimated federal income tax treatment for 2021 distributions on its common and preferred stocks. The distributions are reported on Form 1099-DIV and include:
- Common Stock: $0.35 per share for each quarter, totaling $1.40 for 2021.
- Series B Preferred: $0.50 per share for Q1 and Q2, totaling $1.00 for those quarters.
- Series B-1 Preferred: $0.453125 per share for Q3 and Q4, totaling $0.90625 for those quarters.
Shareholders are advised to consult tax advisors regarding their specific tax treatment.
Apollo Commercial Real Estate Finance (ARI) will hold a conference call on February 9, 2022, to discuss its fourth quarter and year-end 2021 financial results, which will be released on February 8. Interested parties can join the call by dialing specific numbers or via the Company's website. The Company, managed by ACREFI Management, focuses on originating and managing commercial real estate-related debt investments. Forward-looking statements are included in the PR, highlighting risks associated with the COVID-19 pandemic and its potential impacts on the Company’s operations.
Apollo Commercial Real Estate Finance (NYSE: ARI) announced the appointment of Anastasia Mironova as Chief Financial Officer, Secretary, and Treasurer. She brings over 15 years of experience in public accounting with expertise in the commercial real estate finance sector. Prior to joining ARI, Mironova held positions at BDO USA and Deloitte, focusing on public REITs. CEO Stuart Rothstein will serve as interim CFO until Mironova starts in Q2 2021. This leadership change is expected to strengthen ARI’s business.
Apollo Commercial Real Estate Finance, Inc. (ARI) announced a robust commitment of $1.7 billion in mortgages in Q4 2021, culminating in annual loan originations of $3.2 billion. CEO Stuart Rothstein highlighted the company’s strong performance, driven by the Apollo brand's global presence and a diverse array of capital solutions. In Q4 alone, ARI funded $1.3 billion in new loans and received $0.9 billion in loan repayments, reflecting a strong portfolio activity. The company is positioned for growth in 2022 with a solid pipeline of new investment opportunities.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) announced a dividend of $0.35 per share for common stock, payable on January 15, 2022, to shareholders of record on December 31, 2021. The company focuses on originating, acquiring, and managing commercial mortgage loans and debt investments. Apollo manages approximately $481 billion in assets as of September 30, 2021. Shareholders can find more information on the company’s website.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) reported a net income available to common stockholders of $0.38 per diluted share for Q3 2021. The company's Distributable Earnings were $0.35 per share before realized losses. CEO Stuart Rothstein noted a solid operational quarter and an active transaction pipeline, with origination levels expected to return to pre-pandemic levels. The company issued a detailed presentation of financial results, and the earnings call is scheduled for October 26, 2021. ARI focuses on commercial first mortgage loans and related debt investments.
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