For the quarter ended December 2023, Apollo Commerical Finance (ARI) reported revenue of $58.01 million, down 16.1% over the same period last year. EPS came in at $0.36, compared to $0.31 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $60.07 million, representing a surprise of -3.43%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post earnings of $0.38 per share when it actually produced earnings of $0.37, delivering a surprise of -2.63%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ Emerging growth company ☐ FORM 10-K __________________________________ (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-34452 ______________________________ ...

Apollo Commerical Finance (ARI) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

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NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI) today announced the estimated federal income tax treatment of the Company's 2023 distributions on its common stock (CUSIP #03762U105) and its 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock. The federal income tax classification of the 2023 distributions on the Company's common stock as it is expected to be reported on Form 1099-DIV is set forth in the following table ...

NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI), today announced the Company will hold a conference call to review its fourth quarter and full year 2023 financial results on Wednesday, February 7, 2024 at 10:00 a.m. Eastern Time. The Company's fourth quarter and full year 2023 financial results will be released after the market closes on Tuesday, February 6, 2023. During the conference call, Company officers will review fourth quart ...

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q3 2023 Earnings Call October 31, 2023 10:00 AM ET Company Participants Stuart A. Rothstein - Chief Executive Officer Scott Weiner - Chief Investment Officer Anastasia Mironova - Chief Financial Officer Conference Call Participants Sarah Barcomb - BTIG Stephen Laws - Raymond James Richard Shane - JP Morgan Jade Rahmani - KBW Operator I would like to remind everyone that today's call and webcast are being recorded. Please note that they are the property ...

Financial Performance - The net income available to common stockholders for Q3 2023 was $43.0 million, or $0.30 per diluted share, compared to $180.0 million, or $1.13 per diluted share in Q3 2022[217]. - For the nine months ended September 30, 2023, the net income available to common stockholders was $2.4 million, or $0.00 per diluted share, down from $260.0 million, or $1.66 per diluted share in the same period of 2022[217]. - Net income before taxes for Q3 2023 was $46.6 million, a substantial increase from a net loss of $83.4 million in Q2 2023[233]. - The net income for the nine months ended September 30, 2023 was $11.6 million, a decrease from $269.2 million in the same period of 2022[235]. - Distributable Earnings for the three months ended September 30, 2023, were $52.7 million, or $0.37 per share, compared to $95.9 million, or $0.67 per share, for the same period in the prior year[277]. - Net income related to real estate owned increased by $0.8 million for the nine months ended September 30, 2023, primarily driven by a $4.3 million increase in net income from hotel operations[237]. - The company reported a net realized loss on investments of $43,577,000 for the nine months ended September 30, 2023[285]. Assets and Liabilities - As of June 30, 2023, the company has approximately $617.1 billion in assets under management[186]. - As of September 30, 2023, total debt obligations amounted to $6.6 billion, including $1.4 billion of corporate debt and $5.1 billion of asset-specific financings[254]. - The company's portfolio comprised $7.6 billion in commercial mortgage loans and $0.4 billion in subordinate loans and other lending assets as of September 30, 2023[270]. - The total carrying value of commercial mortgage loans was $7,561.3 million, with a weighted average coupon of 9.4% and a weighted average all-in yield of 9.3%[207]. - The total unfunded commitment for the commercial mortgage loan portfolio was $693 million as of September 30, 2023[211]. - The company had $693.1 million of unfunded loan commitments as of September 30, 2023, with an expectation to fund approximately $441.5 million to existing borrowers in the short term[254]. Revenue and Income Sources - Revenue from real estate owned operations was $20.9 million in Q3 2023, down from $29.2 million in Q2 2023, resulting in a net income related to real estate owned of $1.0 million, compared to $7.0 million in the previous quarter[222]. - Revenue from real estate owned operations for the nine months ended September 30, 2023 was $66.3 million, up from $42.1 million in the same period of 2022[235]. - Other income, net decreased by $0.9 million to $1.5 million in Q3 2023, primarily due to a $1.0 million expense related to a junior mezzanine loan[225]. - Other income, net increased by $4.2 million during the nine months ended September 30, 2023, due to higher bank interest earned from cash balances and money market funds[242]. Loan and Investment Management - The company primarily originates, acquires, invests in, and manages performing commercial first mortgage loans and related debt investments[186]. - The company utilizes the WARM method to determine a General CECL Allowance for the majority of loans in its portfolio, which is sensitive to historical loss rates and macroeconomic conditions[197][198]. - The company evaluates loan-specific allowances when a borrower is experiencing financial difficulty, which requires significant judgment[201]. - The fair value of collateral for loans is determined using methods such as discounted cash flow and market approach, which are subject to uncertainty[202]. - The company has worked with borrowers to execute loan modifications due to challenges arising from COVID-19, including temporary deferrals of interest or principal[214]. - The General CECL Allowance decreased by $5.8 million in Q3 2023, compared to an increase of $2.1 million in Q2 2023, driven by portfolio seasoning and loan repayments[228]. - The Specific CECL Allowance increased by $59.5 million during the nine months ended September 30, 2023, compared to a net decrease of $26.0 million in the same period of 2022[245]. Market Conditions and Risks - The ongoing COVID-19 pandemic and geopolitical events have contributed to significant volatility in financial markets, impacting the company's operations[187]. - The company aims to manage interest rate risk by structuring financing agreements with varying maturities and using hedging instruments[292]. - The estimated hypothetical impact on net interest income for a 50 basis point increase in interest rates is an increase of $5,268,000 for the twelve-month period following September 30, 2023[294]. - The company has a strategic focus on acquiring high credit quality assets to mitigate credit risk and maintain low financing costs[291]. Management and Governance - The company is externally managed by an experienced team from Apollo, benefiting from its global infrastructure[186]. - The company’s financial statements are prepared in accordance with GAAP, requiring estimates and assumptions that involve significant judgment[189]. - The company is subject to investment guidelines that restrict investments to ensure compliance with REIT regulations and avoid registration as an investment company[271]. Shareholder Returns - The company intends to continue making regular quarterly distributions, with dividends declared per share of $0.35 for common stock and $0.45 for Series B-1 Preferred Stock as of September 30, 2023[275]. - Book value per share as of September 30, 2023, was $14.45, down from $15.54 as of December 31, 2022[286]. - Diluted Distributable Earnings per share prior to net realized loss on investments for the nine months ended September 30, 2023, was $0.37, consistent with the same period in 2022[285].

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Stuart Rothstein - President and Chief Executive Officer Anastasia Mironova - Chief Financial Officer Scott Weiner - Chief Investment Officer Conference Call Participants Sarah Barcomb - BTIG Jade Rahmani - KBW Stephen Laws - Raymond James Richard Shane - JP Morgan Doug Harter - Credit Suisse Steve DeLaney - JMP Securities Operator I would like to remind everyone that today ...