Apollo Commercial Real Estate Finance (ARI) Tops Q4 EPS by 1c

Apollo Commercial Real Estate Finance (NYSE: ARI) reported Q4 EPS of $0.46, $0.01 better than the analyst estimate of $0.45.

• Reported net income available to common stockholders for the three months ended December 31, 2019 of $68.5 million, or $0.42 per diluted share of common stock;
• Reported Operating Earnings (a non-GAAP financial measure defined below) for the three months ended December 31, 2019 of $70.9 million, or $0.46 per diluted share of common stock;
• Generated $81.4 million of net interest income during the quarter from the Company’s $6.4 billion commercial real estate loan portfolio;
• Committed $2.2 billion to new commercial real estate loans ($1.2 billion of which was funded at closing) and funded an additional $143.3 million for loans closed prior to the quarter; and
• Declared a $0.46 dividend per share of common stock for the three months ended December 31, 2019.

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

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