Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
24 September 2009Website:
http://www.apollocref.comNext earnings report:
06 February 2025Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 15 Nov 2024 23:40:59 GMTAnalysts recommendations
Institutional Ownership
ARI Latest News
Apollo Commercial Real Estate Finance cut its dividend by 29% due to non-performing loans, but has since improved its dividend pay-out metrics. The trust's portfolio, heavily invested in office loans, shrank in 3Q24, with significant investment losses impacting distributable earnings. Despite the dividend cut, Apollo's stock offers a 10.8% yield and trades at a 32% discount to book value, providing a margin of safety.
ARI reported a Q3-2024 net income loss of 69 cents per share, with distributable earnings at 31 cents per share. ARI's book value continues to erode, with 10% of loans non-performing. We tell you how this is likely to play out and which 7.86% yield we like on a relative basis.
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Stuart Rothstein – President and Chief Executive Officer Anastasia Mironova – Chief Financial Officer Scott Weiner – Chief Investment Officer Conference Call Participants Doug Harter – UBS Rick Shane – JPMorgan Stephen Laws – Raymond James Harsh Hemnani – Green Street Jade Rahmani – KBW John Nickodemus – BTIG Operator I'd like to remind everyone that today's call and webcasts are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited.
Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.37 per share a year ago.
NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter ended September 30, 2024.
We had rated Apollo Commercial as a Sell due to the high risks in its business model. The "surprise" distribution cut has reduced the risks slightly and the stock has of course moved lower as well. We examine the new setup for this mortgage REIT with a double-digit yield.
NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.25 per share of common stock, which is payable on October 15, 2024 to common stockholders of record on September 30, 2024.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
The commercial real estate market is in the midst of extreme pressure and companies exposed to it are taking blows. You can glean strong income from this sector if you are careful and diligent. Management makes all the difference.
Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.11 per share a year ago.
What type of business is Apollo Commercial Real Estate Finance?
Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States, the United Kingdom, and Europe. It is qualified as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was incorporated in 2009 and is based in New York, New York.
What sector is Apollo Commercial Real Estate Finance in?
Apollo Commercial Real Estate Finance is in the Real Estate sector
What industry is Apollo Commercial Real Estate Finance in?
Apollo Commercial Real Estate Finance is in the Mortgage industry
What country is Apollo Commercial Real Estate Finance from?
Apollo Commercial Real Estate Finance is headquartered in United States
When did Apollo Commercial Real Estate Finance go public?
Apollo Commercial Real Estate Finance initial public offering (IPO) was on 24 September 2009
What is Apollo Commercial Real Estate Finance website?
https://www.apollocref.com
Is Apollo Commercial Real Estate Finance in the S&P 500?
No, Apollo Commercial Real Estate Finance is not included in the S&P 500 index
Is Apollo Commercial Real Estate Finance in the NASDAQ 100?
No, Apollo Commercial Real Estate Finance is not included in the NASDAQ 100 index
Is Apollo Commercial Real Estate Finance in the Dow Jones?
No, Apollo Commercial Real Estate Finance is not included in the Dow Jones index
When was Apollo Commercial Real Estate Finance the previous earnings report?
No data
When does Apollo Commercial Real Estate Finance earnings report?
The next expected earnings date for Apollo Commercial Real Estate Finance is 06 February 2025