ARI

Apollo closed the sale of its $9 billion loan portfolio to Athene on April 24, leaving the company with approximately $1.3 billion of cash and four REO assets with about $900 million gross value after repaying secured borrowings and other indebtedness. The company has repurchased about 6.8 million shares year-to-date and the board authorized a new share buyback program of up to $150 million, which management says has been accretive to book value. Management is conducting a strategic review and expects updates in the coming months, while reaffirming a target annualized dividend yield of roughly 8% on book value per share and signaling dividends will likely include a significant return-of-capital component while keeping cash unlevered. Interested in Apollo Commercial Real Estate Finance? Here are five stocks we like better. Apollo Commercial Real Estate Finance (NYSE:ARI) used its first-quarter 2026 earnings call to outline the company’s radically reshaped balance sheet following the sale of its loan portfolio and to provide an update on remaining real estate owned (REO) assets, capital return activity, and its ongoing strategic review. Chief Executive Officer Stuart Rothstein said the company completed the previously announced sale of its $9 billion loan portfolio to Athene on April 24. He said that after repaying ARI’s financing facilities, other indebtedness, and transaction expenses, the company’s total assets now consist of approximately $1.3 billion of cash along with four REO assets representing about $900 million in gross value. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Rothstein said the sale “delivered ARI stockholders a compelling premium to where the stock has traded in recent years” and characterized the transaction as consistent with management’s focus on maximizing stockholder value. Chief Financial Officer Anastasia Mironova added that the company repaid its secured borrowing facilities, fully repaid its Term Loan B, and deposited funds to satisfy and discharge its senior secured notes, which she said “will be redeemed at par on or about June 15th.” → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank Mironova also noted that only one commercial mortgage loan remains on the balance sheet: a non-accrual loan secured by a hotel property in Chicago with an amortized cost basis of $42 million and an upcoming May...

Image source: The Motley Fool. Wednesday, April 29, 2026 at 10 a.m. ET Chief Executive Officer — Stuart Rothstein Chief Financial Officer — Anastasia Mironova Chief Investment Officer — Scott Weiner Need a quote from a Motley Fool analyst? Email [email protected] Stuart Rothstein: Thank you, operator. Good morning, and thank you for joining us on the Apollo Commercial Real Estate Finance, Inc. First Quarter 2026 Earnings Call. I am joined today by Anastasia Mironova, our Chief Financial Officer; and Scott Weiner, Chief Investment Officer. This call comes at a pivotal moment for ARI. As previously announced, we completed the sale of the company's $9 billion loan portfolio to Athene on April 24. Following repayment of ARI's financing facilities, other indebtedness and transaction expenses, ARI's total assets now consist of approximately $1.3 billion of cash, along with 4 REO assets representing approximately $900 million in gross value. The sale delivered ARI stockholders a compelling premium to where the stock has traded in recent years, and we believe this outcome demonstrates our unwavering commitment to maximizing stockholder value. As previously indicated, ARI's management team, Board of Directors and other senior investment professionals at Apollo are in process of evaluating a range of commercial real estate-related strategies for ARI with the goal to deliver attractive, go-forward returns for stockholders. We have spent a significant amount of time since the announcement at the end of January, exploring different strategies and speaking with bankers and other industry experts. We anticipate having an update on the strategy exploration in the coming months. Shifting now to a brief update on the 4 remaining REO assets. As a reminder, 2 assets, the Brook, a multifamily asset in Brooklyn and the Mayflower Hotel in Washington, D.C. represent approximately 80% of the REO net equity value. At the Brook, the market rate residential component is approximately 80% leased and affordable units are approximately 70% leased, with 95% of units selected. Both components are expected to reach stabilization by this summer. We continue to monitor the market and think through the appropriate exit strategy, either pre- or post-stabilization while continuing efforts to add value to the Western parcel. With respect to the 2 hotels, the Mayflower had a strong first quarter, with ne...

Image source: The Motley Fool. Wednesday, July 30, 2025 at 10 a.m. ET Chief Executive Officer — Stuart A. Rothstein Chief Investment Officer — Scott Weiner Chief Financial Officer — Anastasia Mironova Need a quote from a Motley Fool analyst? Email [email protected] Stuart A. Rothstein: Thank you, operator. Good morning and thank you for joining us on the Apollo Commercial Real Estate Finance Second Quarter 2025 Earnings Call. I'm joined today, as usual, by Scott Weiner, our Chief Investment Officer; and Anastasia Mironova, our Chief Financial Officer. ARI delivered strong performance in the second quarter of 2025, marked by significant progress across originations, portfolio management and balance sheet optimization. [indiscernible] in loan originations increased as we committed to $1.4 billion of new loans during the quarter, quickly redeploying capital we have received back from both repayments and ARI's focus assets. Year-to- date, ARI has committed $2 billion to new loans. Repayments in the portfolio continue to track expectations with borrowers making progress on their business loans having multiple options for refinancing. As evidenced by the second quarter activity, we are confident in our ability to redeploy this capital into newly originated loans and continue to identify attractive opportunities across both the United States and Western Europe. ARI continues to benefit from the breadth of Apollo's real estate credit platform and the team's robust originations pipeline to access transaction flow that matches capital received from repayments, eliminating cash drag and enabling ARI to build a diversified loan portfolio. Three of the loans closed in the second quarter were secured by residential properties, continuing ARI's thematic overweight to a sector benefiting from strong secular tailwinds. Loans on residential properties now comprise approximately 25% of ARI's portfolio, representing ARI's largest property type concentration. Importantly, approximately 2/3 of the residential loans in ARI's portfolio have originated over the past 24 months, benefiting from a valuation reset and enhanced credit quality. In Europe, which represents approximately 50% of ARI's portfolio and 18% of originations year-to-date, the market is gaining momentum, benefiting from recent interest rate cuts that have reenergized acquisition activity. Our local team is capitalizing on...

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -24.14%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.7%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Apollo Commerical Finance, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $36.07 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 27.72%. This compares to year-ago revenues of $39.49 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Apollo Commerical Finance shares have added about 14.6% since the beginning of the year versus the S&P 500's gain of 4.8%. While Apollo Commerical Finance has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Apollo Commerical Finance was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market...

Management completed the sale of ARI's $9 billion loan portfolio to Athene on April 24, shifting the company's asset base primarily to $1.3 billion in cash and four REO assets. The sale was executed to deliver a premium over recent trading levels and maximize stockholder value amid shifting market dynamics. Performance in the remaining REO portfolio is mixed, with the Mayflower Hotel exceeding budget due to margin improvements, while the Courtland Grand underperformed due to market softness. Stabilization of the Brook multifamily asset is expected by summer 2026, with market-rate units currently 80% leased. Management is actively evaluating new commercial real estate-related strategies to deploy the remaining capital, focusing on paths that exceed the current $12.15 pro forma book value per share. The company utilized its liquidity to repurchase 6.8 million shares year-to-date, viewing the buybacks as accretive given the high confidence in current book value. Management anticipates providing significant clarity on the new strategic direction within the next few months, well ahead of the year-end deadline. The company intends to maintain a quarterly dividend targeting an 8% annualized yield on book value, though future payments will likely include a significant return of capital component. Cash reserves will be invested conservatively in high-yielding deposits or liquid REIT-eligible assets to ensure capital availability for future strategic initiatives. Exit strategies for the remaining REO assets are expected to gain clarity in the second half of the year, with a focus on maximizing individual asset value over a bulk sale. The Courtland Grand is expected to recover to budget levels driven by business interruption insurance and demand from the upcoming soccer World Cup. ARI has fully repaid its Term Loan B and financing facilities, with senior secured notes scheduled for redemption at par around June 15. A single $42 million non-accrual loan remains on the balance sheet, with repayment expected in May 2026 via a property sale already under contract. The pro forma book value of $12.15 reflects the reversal of general CECL allowances following the portfolio sale and accretion from share repurchases. Management flagged macro risks including interest rate volatility and inflation as key considerations in determining whether to pivot to a new strategy or return c...

NEW YORK (AP) — NEW YORK (AP) — Apollo Commercial Real Estate Finance (ARI) on Tuesday reported first-quarter net income of $26.2 million. The New York-based company said it had net income of 17 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 22 cents per share. The real estate investment trust posted revenue of $58.6 million in the period. Its adjusted revenue was $36.1 million. Apollo Commerical Finance shares have risen 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.06, a climb of 18% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARI at https://www.zacks.com/ap/ARI

NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE: ARI) today reported results for the quarter ended March 31, 2026. Net income available to common stockholders per diluted share of common stock was $0.16 for the quarter ended March 31, 2026. Distributable Earnings per diluted share of common stock (a non-GAAP financial measure defined below) was $0.22 for the quarter ended March 31, 2026. ARI issued a detailed presentation of the Company’s quarter ended March 31, 2026 results, which can be viewed at www.apollocref.com. Conference Call and Webcast The Company will hold a conference call to review first quarter 2026 results on April 29, 2026 at 10am ET. To register for the call, please use the following link: https://register-conf.media-server.com/register/BI073b00720c8d4549af7fd43ddcdbcb97 After you register, you will receive a dial-in number and unique pin. The Company will also post a link in the Stockholders’ section on ARI’s website for a live webcast. For those unable to listen to the live call or webcast, there will be a webcast replay link posted in the Stockholders’ section on ARI’s website approximately two hours after the call. Distributable Earnings “Distributable Earnings,” a non-GAAP financial measure, is defined as net income available to common stockholders, computed in accordance with GAAP, adjusted for (i) equity-based compensation expense (a portion of which may become cash-based upon final vesting and settlement of awards should the holder elect net share settlement to satisfy income tax withholding), (ii) any unrealized gains or losses or other non-cash items (including depreciation and amortization related to real estate owned) included in net income available to common stockholders, (iii) unrealized income from unconsolidated joint ventures, (iv) foreign currency gains (losses), other than (a) realized gains/(losses) related to interest income, and (b) forward point gains/(losses) realized on the Company’s foreign currency hedges, and (v) provision for current expected credit losses. As a REIT, U.S. federal income tax law generally requires the Company to distribute annually at least 90% of its REIT taxable income, without regard to the deduction for dividends paid and excluding net capital gains, and that the Company pay tax at regular corporate rates to the extent t...

NEW YORK, April 08, 2026 (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 first quarter 2026 financial results on Wednesday, April 29, 2026 at 10:00 a.m. Eastern Time. The Company’s first quarter financial results will be released after the market closes on Tuesday, April 28, 2026. During the conference call, Company officers will review first quarter 2026 performance, discuss recent events and conduct a question-and-answer period. To register for the call, please use the following link: https://register-conf.media-server.com/register/BI073b00720c8d4549af7fd43ddcdbcb97 After you register, you will receive a dial-in number and unique pin. The Company will also post a link in the Stockholders’ section on ARI’s website for a live webcast. For those unable to listen to the live call or webcast, there will be a webcast replay link posted in the Stockholders’ section on ARI’s website approximately two hours after the call. About Apollo Commercial Real Estate Finance, Inc. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $938 billion of assets under management as of December 31, 2025. Additional information can be found on the Company's website at www.apollocref.com. Forward-Looking Statements Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include information about possible or assumed future results of the Company's bu...

NEW YORK, March 09, 2026 (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 April 15, 2026 to common stockholders of record on March 31, 2026. About Apollo Commercial Real Estate Finance, Inc. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $938 billion of assets under management as of December 31, 2025. Additional information can be found on the Company's website at www.apollocref.com. Please note that our URL address has changed. Forward-Looking Statements Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include information about possible or assumed future results of the Company's business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: higher interest rates and inflation; market trends in the Company’s industry, real estate values, the debt securities markets or the general economy; the timing and amounts of expected future fundings of unfunded commitments; the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the p...

This article first appeared on GuruFocus. Distributable Earnings (Q4 2025): $37 million or $0.26 per diluted share. Distributable Earnings (Full Year 2025): $139 million or $0.98 per diluted share. GAAP Net Income (Q4 2025): $26 million or $0.18 per diluted share. GAAP Net Income (Full Year 2025): $114 million or $0.81 per diluted share. CECL Allowance (Q4 2025): Specific allowance of $3 million for a Chicago hotel loan. Loan Portfolio (Year-End 2025): Approximately $8.8 billion by amortized costs. Weighted Average Unlevered All-In Yield: 7.3%. Loan-to-Value Ratio: Approximately 59%. Total Liquidity (Year-End 2025): $151 million. Book Value Per Share (Year-End 2025): $12.14. Warning! GuruFocus has detected 9 Warning Signs with ARI. Is ARI fairly valued? Test your thesis with our free DCF calculator. Release Date: February 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Apollo Commercial Real Estate Finance Inc (NYSE:ARI) reported strong leasing momentum for its Brook property, with 56% of residential units leased and 88% of retail space leased. The company has implemented cost-saving initiatives at the Mayflower hotel, expected to significantly increase net cash flow. ARI committed $4.4 billion to new loans in 2025, with $3.3 billion funded at close, indicating strong loan origination activity. The loan portfolio grew by approximately $1.6 billion year-over-year on an amortized cost basis. ARI ended the year with a total loan portfolio of approximately $8.8 billion, with a weighted average unlevered all-in yield of 7.3%. The Brook property is only 56% leased, indicating that there is still significant vacancy to address. A fire at the Courtland Grand hotel in October 2025 temporarily took some rooms offline, impacting operations. The company recorded a specific CECL allowance of $3 million for a commercial mortgage loan secured by a hotel property in Chicago. There is a gap between the implied value of the transaction and where the stock is trading, indicating potential investor uncertainty. The company is still evaluating its future strategy, which may create uncertainty for investors regarding the direction of ARI. Q: What feedback are you receiving from investors regarding the gap between the implied value of the transaction and the current stock trading price? A: Stuart Rothstein, CEO, noted t...

Retained REO assets: ARI is actively managing four retained properties (The Brook, The Mayflower, The Courtland Grand and a Massachusetts pre‑development JV) to stabilize operations, complete value‑add or zoning work and monetize when cash flow and timing are optimal, and management says the REO portfolio is largely "walled off" from longer‑term strategic decisions. Financial and portfolio results: Q4 distributable earnings were $37M ($0.26/share) and full‑year $139M ($0.98/share); originations were $1.3B in Q4 and $4.4B for the year, leaving a loan portfolio of about $8.8B with a 7.3% weighted unlevered yield, 96% floating‑rate exposure and total CECL allowance of $383M (≈418 bps). Liquidity, dividend and strategy update: ARI finished 2025 with $151M of liquidity, >$430M of unencumbered assets and $1.8B of added financing capacity, is contemplating a Q1 dividend near $0.25/share (board approval pending), and is moving through a go‑shop/proxy process that could include dissolution or other value‑unlocking actions to address the valuation gap with investors. Interested in Apollo Commercial Real Estate Finance? Here are five stocks we like better. Apollo Commercial Real Estate Finance (NYSE:ARI) used its fourth-quarter and full-year 2025 earnings call to provide an update on the real estate owned (REO) assets it expects to retain following its previously announced plan to sell ARI’s loan portfolio to Athene. Management also reviewed quarterly results, portfolio activity, and balance sheet positioning, and addressed investor questions around the strategic path forward and the dividend. Chief Executive Officer Stuart Rothstein said the company continues to actively manage its REO portfolio with an emphasis on improving run rate and cash flow while maximizing value at exit. He outlined progress across four retained assets. → Once Upon A Farm: Buy the $1B Growth Story? The Brook (Brooklyn, New York) — Rothstein described The Brook as a newly built Class A multifamily tower with 591 residential units and about 20,000 square feet of ground-floor retail. The property was approximately 56% leased across market-rate units and “experiencing strong leasing momentum,” with leasing cited at roughly 20–40 units per month depending on the month. The retail component was 88% leased to Din Tai Fung, with occupancy expected next year. Management expects stabilization later this...