secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Commercial Real Estate Finance, Inc. (ARI)
CIK:        0001467760
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001193125-24-122604
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARI Q1 net loss $0.76/share; $142M CECL allowance on NYC condo loan
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- Net loss per diluted share ($0.76); Distributable Earnings $0.35/share.
- Recorded ~$142M CECL allowance on a mezzanine loan for an NYC ultra-luxury condo development.
- Book value per share declined $1.00 due to the allowance; dividend remains $0.35/share.
- No additional Specific CECL Allowances recorded on other loans during Q1.
- Dividend maintained at $0.35 per share for 16th consecutive quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467760/000119312524122604/0001193125-24-122604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467760/000119312524122604/d821305d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-122604

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