Welcome to our dedicated page for Apollo Comm news (Ticker: ARI), a resource for investors and traders seeking the latest updates and insights on Apollo Comm 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) 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.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) announced a conference call to disclose its third quarter 2021 financial results on October 26, 2021, at 10:00 a.m. Eastern Time. The results will be released post-market on October 25, 2021. During the call, the company's performance and recent events will be reviewed, followed by a Q&A session. Interested participants can join via teleconference or through the company's website, where a replay will be available for 30 days.
Apollo Commercial Real Estate Finance announced a dividend of $0.35 per share, payable on October 15, 2021 to shareholders of record by September 30, 2021. The company focuses on originating, acquiring, and managing commercial mortgage loans and related debt investments. As of June 30, 2021, Apollo Global Management, Inc. managed approximately $471.8 billion in assets for the company. Investors may find more information on the company's website.
Apollo Commercial Real Estate Finance (ARI) announced the election of Pamela Carlton as an independent director, effective July 22, 2021, expanding the Board to ten members, with six independent directors. This follows Carmencita Whonder's election earlier in 2021. Carlton, previously a Managing Director at JPMorgan Chase, brings extensive experience in investment banking and diversity consulting. Chairman Michael Salvati expressed confidence that both new directors will enhance ARI's leadership and strategy, contributing valuable insights to the Board.
Apollo Commercial Real Estate Finance (ARI) reported a net income of $0.42 per diluted share for Q2 2021, with Distributable Earnings of $0.27 and $0.41 per share before realized losses. The Company committed over $1.4 billion in transactions in the first half of 2021, supported by $553 million in loan repayments. ARI strengthened its balance sheet through a $500 million senior secured notes offering. The Company also recorded realized losses related to changes in expected sales timing of its real estate holdings.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) will host a conference call on July 27, 2021, at 10:00 a.m. ET to review its Q2 2021 financial results, which will be released on July 26, 2021, post-market close. The call will include a performance review, recent event discussions, and a Q&A session. Interested participants can join via phone or webcast, with replay options available. The company focuses on originating and managing commercial real estate loans and is managed by ACREFI Management, an affiliate of Apollo Global Management, which oversees approximately $461 billion in assets.
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