Apollo Commercial Real Estate Finance (ARI) Reports In-Line Q4 EPS

Apollo Commercial Real Estate Finance (NYSE: ARI) reported Q4 EPS of $0.46, in-line with the analyst estimate of $0.46.

• Reported net income available to common stockholders of $46.2 million, or $0.34 per diluted share of common stock, for the three months ended December 31, 2018;
• Reported Operating Earnings (a non-GAAP financial measure defined below) of $61.9 million, or $0.46 per diluted share of common stock, for the three months ended December 31, 2018;
• Generated $77.8 million of net interest income during the quarter from the Company’s $4.9 billion commercial real estate loan portfolio;
• Committed $796.8 million to new commercial real estate loans ($452.0 million of which was funded at closing) and funded an additional $133.7 million for loans closed prior to the quarter;
• Completed an underwritten public offering of $230.0 million of the Company's 5.375% Convertible Senior Notes due 2023 (the "5.375% 2023 Notes"); and
• Declared a $0.46 dividend per share of common stock for the three months ended December 31, 2018.

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

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