ARI
Apollo Commercial Real Estate Finance, Inc.9.92
-0.27-2.65%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.38BP/E (TTM)
11.27Basic EPS (TTM)
0.88Dividend Yield
0.1%Recent Filings
10-Q
Q3 FY2025 results
Apollo Commercial Real Estate Finance swung to a $50.8M net income in Q3 FY2025 ended September 30, 2025, up from a $91.5M loss y/y, driven by $17.4M litigation gain from the Massachusetts Healthcare JV and a $7.5M Specific CECL reversal on the Michigan Office Loan payoff—yet net interest income dipped 15% y/y to $40.0M amid lower loan balances. Total revenue fell 14% y/y to $61.6M, with commercial mortgage interest down 14% y/y to $155.3M, while operating expenses edged lower to $37.5M; diluted EPS rose to $0.34 from -$0.69, reconciling to 139.7M shares. Liquidity stood solid at $245.9M cash plus $53.3M borrowing capacity, supporting $1.0B unfunded commitments, with total debt at $7.6B (3.8x equity) across diversified facilities maturing through 2030. No M&A noted. Regulatory risks loom from ongoing AmBase appeal over mezzanine loan disputes.
8-K
ARI Q2 earnings and loan activity
Apollo Commercial Real Estate Finance reported Q2 2025 net income of $18 million, or $0.12 per diluted share, while Distributable Earnings hit $36 million, or $0.26 per share, covering the $0.25 dividend. The $8.6 billion loan portfolio, mostly first mortgages at 7.8% yield, saw $2.0 billion in new commitments year-to-date amid $724 million repayments. ARI now leads the Brooklyn multifamily project after senior loan payoff. Yet, foreign exchange swings pose risks.
10-Q
Q2 FY2025 results
Apollo Commercial Real Estate Finance posted net income of $20.7M for Q2 FY2025 ended June 30, 2025, down from $35.8M y/y, with diluted EPS at $0.12 versus $0.23 (derived from 139.2M diluted shares, consistent with reported figures). Net interest income fell 17% y/y to $43.1M on lower average loan balances and fixed-rate conversions, while real estate owned operations added $4.2M net profit, up from $3.1M q/q on seasonal hotel strength. The loan portfolio grew to $8.6B (96% floating rate, 7.2% weighted-average coupon), with $1.0B unfunded commitments; General CECL allowance rose $3.1M q/q to $43.9M from originations, offset by seasoning. Liquidity stood solid at $178M cash plus $26M revolver availability, against $7.9B total debt (4.1x equity, compliant covenants) including a new $750M term loan at SOFR+3.25% maturing 2030. Foreign currency hedges swung to an $8.4M net loss q/q amid volatile forwards. Yet credit stays tight—weighted-average risk rating 3.0.
8-K
Annual meeting results
Apollo Commercial Real Estate Finance held its annual stockholder meeting on June 10, 2025, with 76.7% of shares represented. Stockholders elected nine directors, including Mark C. Biderman and Stuart A. Rothstein, for terms expiring in 2026. They ratified Deloitte & Touche LLP as auditors for the fiscal year ending December 31, 2025, and approved executive compensation on an advisory basis. Strong turnout signals investor confidence in governance.
8-K
ARI Q1 earnings and deployments
Apollo Commercial Real Estate Finance reported Q1 2025 net income of $0.16 per diluted share, with Distributable Earnings at $0.24 per share, reflecting elevated Q4 2024 repayments and $650 million in new loan commitments. The $7.7 billion loan portfolio yields 7.9% unlevered all-in, 95% first mortgages and floating rate, while $93 million in repayments and $73 million add-ons shaped activity. Capital redeployment targets focus assets amid ongoing progress.
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