---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-195110"
form_type: "8-K"
ticker: "ARI"
cik: "0001467760"
company_name: "Apollo Commercial Real Estate Finance, Inc."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:42:01.778925+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ARI reports Q2 EPS $0.23; anticipates $90M CECL allowance on Steward Health Care loan

## Summary
- GAAP net income per diluted share $0.23; Distributable Earnings per share $0.35 for Q2 2024.
- Co-originated $378.7M first mortgage loan on 8 MA hospitals; amortized cost $341.9M; loan remains current on interest payments.
- Loan risk rating downgraded from 3 to 4; Steward Health Care filed Chapter 11 in May 2024.
- Based on bankruptcy bids, management estimates ~$90M Specific CECL Allowance expected in subsequent quarter.

## SEC filing metadata
- accession: 0001193125-24-195110
- form_type: 8-K
- ticker: ARI
- cik: 0001467760
- company_name: Apollo Commercial Real Estate Finance, Inc.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467760/000119312524195110/0001193125-24-195110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467760/000119312524195110/d862785d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-195110
- JSON: https://secwatch.observer/filing/0001193125-24-195110.json
- Plain text: https://secwatch.observer/filing/0001193125-24-195110.txt

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