---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-119022"
form_type: "8-K"
ticker: "ARI"
cik: "0001467760"
company_name: "Apollo Commercial Real Estate Finance, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:47:19.967185+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# ARI reports Q1 2023 EPS of $0.32; distributable earnings of $0.48 per share

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-119022
- form_type: 8-K
- ticker: ARI
- cik: 0001467760
- company_name: Apollo Commercial Real Estate Finance, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467760/000119312523119022/0001193125-23-119022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467760/000119312523119022/d454833d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-119022
- JSON: https://secwatch.observer/filing/0001193125-23-119022.json
- Plain text: https://secwatch.observer/filing/0001193125-23-119022.txt

## Key facts
- Earnings Releases
  Apollo Commercial Real Estate Finance, Inc. reported the quarter ended March 31, 2023 results: EPS $0.32.
  - Period: the quarter ended March 31, 2023
  - EPS: $0.32
  - Result: reported results
  source text: Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter ended March 31, 2023. Net income attributable to common stockholders per diluted share of common stock was $0.32 for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467760/000119312523119022/0001193125-23-119022-index.htm

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