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:   2024-08-07T23:59:59+00:00
Accession:  0001193125-24-195110
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467760/000119312524195110/0001193125-24-195110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467760/000119312524195110/d862785d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-195110

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