Apollo Commercial Real Estate Finance (ARI) Reports Q3 EPS of $0.53

Apollo Commercial Real Estate Finance (NYSE: ARI) reported Q3 EPS of $0.53, versus $0.44 reported last year.

“ARI had the Company’s strongest quarter to date with respect to growth in operating earnings and capital formation,” said Stuart Rothstein, Chief Executive Officer and President of the Company. “Year to date, ARI has committed to over $1.0 billion of commercial real estate debt investments and the Company has a very robust origination pipeline. Importantly, the credit quality of ARI’s loan portfolio remains stable and we continue to identify investments that we believe offer the Company attractive, risk adjusted returns. Given the strength of the pipeline, we were extremely pleased with the completion of ARI’s $348 million private placement of preferred and common stock, which provides the Company with dry powder to capitalize on new investment opportunities

For earnings history and earnings-related data on Apollo Commercial Real Estate Finance (ARI) click here.

You May Also Be Interested In

• Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
• PROG Holdings Inc (PRG) Tops Q1 EPS by 9c
• Teledyne Technologies (TDY) stock falls after cutting full-year earnings guidance