Apollo Commercial Real Estate Finance(US:ARI) Globenewswire·2025-02-10 21:15Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. reported its financial results for the quarter and year ended December 31, 2024, highlighting a significant year of capital deployment and a resurgence in real estate transaction activity [1][3]. Financial Performance - The net income attributable to common stockholders per diluted share was $0.27 for the quarter and ($0.97) for the year ended December 31, 2024 [2]. - Distributable Earnings per diluted share were $0.32 for the quarter and $0.43 for the year, while Distributable Earnings prior to net realized loss on investments were $0.32 for the quarter and $1.33 for the year [2]. Capital Deployment - The company experienced $2.5 billion in repayments within its portfolio during 2024, which allowed for the redeployment of capital into new, attractively priced loans [3]. Conference Call - A conference call to discuss the fourth quarter and year-end results is scheduled for February 11, 2025, at 10 am ET, with registration available online [4]. Distributable Earnings Definition - Distributable Earnings is defined as net income available to common stockholders adjusted for various non-cash items and is considered a key factor in setting dividends [5][6]. Realized Losses - The company recorded realized losses on the sale of a commercial mortgage loan secured by a hotel in Honolulu and the extinguishment of a commercial mortgage loan secured by a portfolio of eight hospitals in Massachusetts during the year [7]. Investor Utility - The company believes presenting Distributable Earnings prior to net realized losses is useful for investors to evaluate operating results and dividend considerations [8][9]. Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that primarily focuses on originating, acquiring, and managing commercial mortgage loans and related debt investments [12].