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:   2024-10-31T23:59:59+00:00
Accession:  0001193125-24-247782
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARI reports Q3 net loss of $0.69/share; $127.5M realized loss on Massachusetts hospital loan
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- Net loss per diluted share of ($0.69); Distributable Earnings per share of ($0.59) or $0.31 before net realized loss.
- Recorded $127.5M realized loss on Massachusetts hospital loan; ceased accruing interest in Q3.
- Commonwealth of Massachusetts took one hospital by eminent domain; ARI received $9.0M from taking.
- As of Sept 30, 2024, ARI holds $159.7M in other assets related to joint venture and deeds in escrow.
- Subsequent to quarter end, five of seven remaining hospitals sold to third parties on Oct 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467760/000119312524247782/0001193125-24-247782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467760/000119312524247782/d898617d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-247782

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