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. (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.
Apollo Commercial Real Estate Finance (NYSE: ARI) will hold a conference call on April 23, 2021, at 10:00 a.m. ET to discuss its Q1 2021 financial results. The results will be released after market close on April 22, 2021. Participants can dial (877) 331-6553 within the U.S. or (760) 666-3769 from abroad, referencing conference ID 8790229. A replay will be available from April 23 at 1:00 p.m. until April 30. The call will also be broadcast live on the company’s website, where it will be accessible for 30 days.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) has declared a quarterly dividend of $0.35 per share, scheduled for payment on April 15, 2021. Shareholders on record as of March 31, 2021 will be eligible. The company specializes in originating and managing commercial mortgage loans and is externally managed by ACREFI Management, LLC, a subsidiary of Apollo Global Management, which manages around $455 billion in assets.
Apollo Commercial Real Estate Finance (NYSE: ARI) announced that CEO Stuart Rothstein will present at the Citi Global Property CEO Conference on March 9, 2021, starting at 8:15 am ET. The presentation will be accessible via the Company's website, and a replay will be available for thirty days afterward. Apollo ARI focuses on originating and managing commercial real estate loans and is externally managed by ACREFI Management, an Apollo Global Management subsidiary, which had approximately $455 billion in assets under management as of December 31, 2020.
Apollo Commercial Real Estate Finance, Inc. (ARI) announced that its 2021 Annual Meeting of Stockholders is scheduled for June 8, 2021, at 9:00 AM ET, with April 12, 2021, set as the record date. The meeting will be held virtually, and details will be provided in the upcoming proxy statement. Apollo is a real estate investment trust focused on originating and managing commercial mortgage loans and related debt investments. As of December 31, 2020, it was managed by ACREFI Management, an indirect subsidiary of Apollo Global Management.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) announced a $150 million increase to its share repurchase plan, bringing total capacity to $172 million. For Q4 2020, net income per share was $0.23, with Distributable Earnings at $0.15 per share. The company maintained a strong balance sheet and liquidity throughout the pandemic while providing stable dividends. CEO Stuart Rothstein emphasized strategic management during challenging conditions. The company transitioned to using Distributable Earnings as a key performance metric.
Apollo Commercial Real Estate Finance (ARI) has announced the federal income tax treatment for its 2020 distributions on common stock and Series B Preferred Stock. Key details include:
- Total distribution per common share ranged from $0.35 to $0.46.
- Ordinary income per share varied, with amounts from $0.1382 to $0.1816.
- Record dates for distributions spanned from 12/31/2019 to 12/31/2020, with payment dates typically following within weeks.
Stockholders are advised to consult tax advisors for specific tax implications.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) has announced a conference call scheduled for February 11, 2021, to discuss its fourth quarter and full year 2020 financial results, which will be released after market close on February 10, 2021. Participants can join via phone or listen to a live webcast on the Company's website. The event will include a review of the company’s performance and a Q&A session. The release aims to provide insights into the impacts of the COVID-19 pandemic and future market conditions.
Apollo Commercial Real Estate Finance (NYSE: ARI) has declared a dividend of $0.35 per share for its common stock, payable on January 15, 2021. Stockholders of record as of December 31, 2020 will be eligible to receive this dividend. The company primarily focuses on originating, acquiring, and managing commercial mortgage loans and related debt investments. As of September 30, 2020, Apollo Global Management, its indirect parent, managed approximately $433 billion in assets.
Apollo Commercial Real Estate Finance (ARI) has reported its financial results for Q3 2020, revealing a net income per share of $0.31 and Operating Earnings of $0.36 per share. Despite economic uncertainty, the company is positioned defensively, finishing the quarter with $450 million in liquidity after repurchasing $119.2 million of common stock. The quarterly dividend of $0.35 per share was covered by the operating earnings. Detailed results can be found in their earnings presentation.
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