earnings
confidence high
sentiment positive
materiality 0.65
ARI Q3 net income $1.13/sh, distributable earnings $0.67/sh; dividend covered
Apollo Commercial Real Estate Finance, Inc.
2022-Q3 EPS reported
$1.66
revenue$216,499,000
- Net income available to common stockholders per diluted share: $1.13.
- Distributable Earnings (non-GAAP) per share: $0.67; prior to realized gains on REO and investments: $0.37.
- CEO Stuart Rothstein cited resilience of floating rate loan portfolio in volatile market.
- Distributable earnings exceeded the common stock dividend; progress on asset management initiatives to reinvest capital.