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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) 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.
Newmark has secured a $565 million loan for a portfolio of 26 parking facilities across nine U.S. cities, including Chicago and Boston. The loan, arranged by Joel Simmons of Newmark's Debt and Structured Finance Group, was placed with Apollo Global Management for its externally managed mortgage REIT, Apollo Commercial Real Estate Finance (NYSE: ARI). InterPark's portfolio, which has shown signs of recovery from COVID-19 impacts, includes over 100 facilities. Newmark generated revenues exceeding $1.9 billion in 2020.
Apollo Commercial Real Estate Finance, Inc. (ARI) has announced the pricing of a private offering of $500 million in 4.625% Senior Secured Notes due 2029, marking a $100 million increase from the earlier offering size. The issuance is expected to finalize around June 29, 2021, subject to closing conditions. Proceeds will be used for general corporate purposes, including potential repayment of borrowings. These notes will remain unregistered under the Securities Act, strictly offered to qualified institutional buyers and non-U.S. persons.
Apollo Commercial Real Estate Finance declared a $0.35 dividend per share of common stock, payable on July 15, 2021, to stockholders of record by June 30, 2021. The company, identified under the NYSE ticker ARI, is involved in originating and managing commercial mortgage loans and real estate-related debt investments. Managed by ACREFI Management, a subsidiary of Apollo Global Management, it reported approximately $461 billion in assets under management as of March 31, 2021.
Apollo Commercial Real Estate Finance (ARI) has announced a private offering of $400 million in Senior Secured Notes due 2029. The Notes will be guaranteed by certain wholly-owned subsidiaries and will serve as senior secured obligations. Funds raised are intended for general corporate purposes, including the potential reduction of borrowings under repurchase agreements. The offering targets qualified institutional buyers and non-U.S. persons as per regulations. This announcement is part of ARI's ongoing efforts to manage and optimize their financial strategies.
Apollo Commercial Real Estate Finance, Inc. (ARI) reported a strong first quarter of 2021 with net income available to common stockholders at $0.37 per diluted share and Distributable Earnings of $0.39 per share, supporting a robust dividend outlook. The company closed transactions totaling over $528 million during the quarter, indicating a solid start to the year. However, it noted a realized loss related to expected sales timing of real estate held for sale.
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