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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 (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.
Apollo Commercial Real Estate Finance (ARI) announced a conference call to discuss its third quarter 2020 financial results on October 27, 2020, at 10:30 a.m. ET. The financial results will be released after the market closes on October 26, 2020. Interested participants can access the call by dialing specified numbers or through a webcast on the company's website. ARI is a real estate investment trust focused on originating, acquiring, and managing commercial mortgage loans and real estate-related debt investments. The company is managed by ACREFI Management, an indirect subsidiary of Apollo Global Management.
Apollo Commercial Real Estate Finance announced a dividend of $0.35 per share, payable on October 15, 2020, to stockholders of record as of September 30, 2020. This dividend payment reflects the company's commitment to returning value to shareholders amid its operations in commercial first mortgage loans and real estate-related debt investments.
As of June 30, 2020, Apollo managed approximately $414 billion in assets through its indirect subsidiary, reinforcing its position in real estate finance.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) reported its Q2 2020 results, revealing a net income of $0.36 per share. However, Operating Earnings were a loss of $0.07 per share, though adjusted for realized losses, the earnings reached $0.38 per share. The company declared a dividend of $0.35 per share and maintained strong liquidity with over $487 million in cash. The termination of an interest rate swap led to a realized loss, and the company highlighted uncertainties due to the COVID-19 pandemic impacting market conditions and financial performance.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) declared a cash dividend of $0.50 per share on its 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock for the period from April 15, 2020, to July 15, 2020. This dividend is payable on July 15, 2020, to Series B Preferred stockholders on record as of June 30, 2020. The company primarily engages in originating, acquiring, and managing commercial real estate-related debt investments.
Apollo Commercial Real Estate Finance (NYSE: ARI) declared a dividend of $0.35 per share, payable on July 15, 2020 to stockholders of record on June 30, 2020. CEO Stuart Rothstein stated that the dividend reflects the expected operating earnings from the loan portfolio amid the ongoing challenges posed by the COVID-19 pandemic. The company primarily focuses on commercial mortgage loans and is externally managed by ACREFI Management, a subsidiary of Apollo Global Management, which manages approximately $315.5 billion in assets as of March 31, 2020.
Apollo Commercial Real Estate Finance (NYSE: ARI) reported a net loss of $0.86 per share for Q1 2020, while Operating Earnings stood at $0.40 per share. The company maintains a strong liquidity position with over $590 million. CEO Stuart Rothstein praised the team's efforts during the COVID-19 pandemic, emphasizing the support from Apollo Global Management. The earnings teleconference is set for May 8, 2020, at 9:00 a.m. Investors can access further details and earnings presentations online.
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