Apollo Commercial Real Estate Finance (NYSE: ARI) reported Q3 EPS of $0.44, versus $0.35 reported last year.

“ARI delivered a strong quarter of operating and financial performance, driven by the Company’s diversified investment portfolio and expanded capital base,” said Stuart Rothstein, Chief Executive Officer and President of the Company. “ARI continued to deploy capital into a variety of well-structured commercial real estate debt investments, which totaled $1.0 billion year-to-date. While the commercial real estate finance market remains competitive, we believe ARI continues to benefit from Apollo’s broad origination capabilities and global integrated platform. The Company has a substantial investment pipeline with a broad mix of asset classes and geographies. Importantly, we believe ARI is well positioned for a rising interest rate environment, as 50% of the loans in the Company’s portfolio have floating interest rates and the pipeline for future investments contains predominately floating rate loans as well.”

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