Apollo Commercial Real Estate Finance (ARI) Misses Q1 EPS by 9c

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Go back to Apollo Commercial Real Estate Finance (ARI) Misses Q1 EPS by 9c

Apollo Commercial Real Estate Finance, Inc. Reports First Quarter 2023 Results

April 26, 2023 4:15 PM EDT

NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the Company or ARI) (NYSE: ARI) today reported results for the quarter ended March 31, 2023.

Net income attributable to common stockholders per diluted share of common stock was $0.32 for the quarter ended March 31, 2023. Distributable Earnings (a non-GAAP financial measure defined below) and Distributable Earnings prior to net realized loss on investments and realized gain on extinguishment of debt per share of common stock was $0.48 and $0.51, respectively, for the quarter ended March 31, 2023.

Despite a challenging environment, ARIs senior... More