---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-031358"
form_type: "8-K"
ticker: "ARI"
cik: "0001467760"
company_name: "Apollo Commercial Real Estate Finance, Inc."
filed_at: "2022-02-09T23:59:59+00:00"
generated_at: "2026-06-27T09:33:19.570758+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ARI reports Q4 2021 net income $0.23/diluted share; Distributable EPS $0.32; portfolio grows 20% to $7.9B

## Summary
- Net income available to common stockholders per diluted share $0.23 for Q4 2021.
- Distributable Earnings (non-GAAP) prior to realized losses/impairments $0.32 per share.
- Mortgage portfolio grew 20% in 2021 to over $7.9 billion.
- Added $800 million of term leverage during the year, lowering cost of capital.
- Distributable Earnings exceeded the quarterly common stock dividend for the period.

## SEC filing metadata
- accession: 0001193125-22-031358
- form_type: 8-K
- ticker: ARI
- cik: 0001467760
- company_name: Apollo Commercial Real Estate Finance, Inc.
- filed_at: 2022-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467760/000119312522031358/0001193125-22-031358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467760/000119312522031358/d308325d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-031358
- JSON: https://secwatch.observer/filing/0001193125-22-031358.json
- Plain text: https://secwatch.observer/filing/0001193125-22-031358.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.