ARI Q2 net loss $0.62/sh; distributable earnings prior to realized losses $0.46/sh
Apollo Commercial Real Estate Finance, Inc.
- Net loss attributable to common stockholders of $0.62 per diluted share for Q2 2023.
- Distributable Earnings (non-GAAP) prior to net realized loss and gain on debt extinguishment was $0.46 per share.
- Distributable Earnings including realized losses was ($0.11) per share.
- Realized losses from a subordinate loan on an ultra-luxury residential property and a hotel deed-in-lieu of foreclosure.