earnings
confidence medium
sentiment positive
materiality 0.60
ARI reports Q1 2023 EPS of $0.32; distributable earnings of $0.48 per share
Apollo Commercial Real Estate Finance, Inc.
2023-Q1 EPS reported
$0.32
revenue$87,117,000
- GAAP net income per diluted share of $0.32 for Q1 2023.
- Distributable Earnings per share $0.48; $0.51 excluding net realized loss and debt extinguishment gain.
- Portfolio is 99% floating rate loans, benefiting from higher base rates.
- Recorded realized loss from hotel deed-in-lieu foreclosure, partially offset by gains on loan sales and debt extinguishment.