earnings
confidence high
sentiment positive
materiality 0.75
ARI reports Q4 2023 Distributable EPS $0.36; net income per diluted share $0.30
Apollo Commercial Real Estate Finance, Inc.
2023-FY EPS reported
$0.29
revenue$344,591,000
- Q4 net income available to common stockholders per diluted share $0.30; FY 2023 $0.29.
- Q4 Distributable Earnings per share $0.36; FY Distributable Earnings prior to net realized loss/gain $1.69.
- CEO Stuart Rothstein notes stable dividend coverage and two new loan originations in Q4.
- Realized loss on subordinate loan secured by ultra-luxury residential property and hotel acquired via deed-in-lieu; offset by gain on convertible note extinguishment.
- Conference call to discuss results scheduled for February 7, 2024 at 10am ET.