Apollo Commercial Real Estate Finance, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]
Apollo Commercial Real Estate Finance, Inc (ARI)
Last apollo commercial real estate finance, inc earnings: 2/13 04:30 pm
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Source: Yahoo! Finance
Net loss attributable to common stockholders per diluted share of common stock was ($0.76) for the quarter ended March 31, 2024. Distributable Earnings (a non-GAAP financial measure defined below) per share of common stock was $0.35 for the quarter ended March 31, 2024. Commenting on this quarter's results, Stuart Rothstein, Chief Executive Officer and President of the Company said: “ARI recorded an incremental CECL allowance in the first quarter of 2024 of approximately $142 million on a mezzanine loan secured by an ultra-luxury condominium development in New York City due to a reduction in sales price and delayed timing on the remaining units, resulting in a $1.00 decline in book value per share. The allowance did not impact distributable earnings or ARI's ability to pay the dividend per share of common stock, which has remained at $0.35 per share for sixteen consecutive quarters. There were no additional Specific CECL Allowances recorded against any other loans in ARI's portfoli
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ARI
News
- With 58% ownership of the shares, Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $11.00 to $10.00. They now have a "market perform" rating on the stock.MarketBeat
- Apollo Commercial Real Estate Finance, Inc. Reports First Quarter 2024 ResultsGlobeNewswire
- Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $10.50. They now have a "neutral" rating on the stock.MarketBeat
ARI
Earnings
- 4/29/24 - In-Line
ARI
Sec Filings
- 5/6/24 - Form S-3ASR
- 5/2/24 - Form 4
- 5/1/24 - Form 144
- ARI's page on the SEC website