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Last $16.15 USD
Change Today -0.14 / -0.86%
Volume 299.0K
ARI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

apollo commercial real estat (ARI) Key Developments

Apollo Commercial Real Estate Finance, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Declares Quarterly Dividend, Payable on October 15, 2015

Apollo Commercial Real Estate Finance, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $32,817,000 against $23,784,000 a year ago. Net income was $24,658,000 against $23,958,000 a year ago. Net income available to common stockholders was $22,798,000 against $22,098,000 a year ago. Basic and diluted net income per share of common stock was $0.39 against $0.51 per share a year ago. Operating earnings was $26,385,000 or $0.45 per share diluted against $18,045,000 or $0.42 per share diluted a year ago. For the six months, the company reported net interest income of $61,371,000 against $43,187,000 a year ago. Net income was $50,169,000 against $41,539,000 a year ago. Net income available to common stockholders was $46,449,000 against $37,819,000 a year ago. Basic and diluted net income per share of common stock was $0.85 against $0.94 per share a year ago. Operating earnings was $48,608,000 or $0.89 per share diluted against $32,036,000 or $0.80 per share diluted a year ago. The company’s book value per share of common stock at June 30, 2015 was $16.41 per share. The Board of Directors declared a dividend of $0.44 per share of common stock, which is payable on October 15, 2015 to common stockholders of record on September 30, 2015.

Apollo Commercial Real Estate Finance, Inc. to Report Q2, 2015 Results on Jul 28, 2015

Apollo Commercial Real Estate Finance, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

Apollo Commercial Real Estate Finance, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Apollo Commercial Real Estate Finance, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Apollo Commercial Real Estate Finance, Inc. Closes $325 Million Mezzanine Loan for New York City Condominium Tower

Apollo Commercial Real Estate Finance, Inc. announced the Company closed a $325 million mezzanine loan for the construction of a condominium development in Midtown Manhattan. At closing, ARI funded $41 million and a fund managed by an affiliate of Apollo Global Management, LLC acquired a $50 million participation in the mezzanine loan, which also was funded at closing. Over the next several months, ARI will seek to syndicate additional participations in the loan. The mezzanine loan is for the construction of a development that will consist of approximately 253,000 square feet of residential condominium space and 52,500 square feet of retail space in Midtown Manhattan. The floating-rate loan has a four year initial term with one 12-month extension option and is part of a $725 million financing consisting of a $400 million first mortgage loan and the $325 million mezzanine loan. The mezzanine loan has an appraised loan-to-net-sellout of 42% and has been underwritten to generate an internal rate of return of approximately 16%.

Apollo Commercial Real Estate Finance, Inc. Announces Quarterly Cash Dividend on Preferred Stock for the Period Ending on July 15, 2015, Payable on July 15, 2015

Apollo Commercial Real Estate Finance, Inc. announced the board of directors has declared a cash dividend on the company’s 8.625% series A cumulative redeemable perpetual preferred stock of $0.5391 per share for the quarterly period ending on July 15, 2015. The preferred dividend is payable on July 15, 2015 to preferred stockholders of record as of June 30, 2015.

 

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Valuation ARI Industry Range
Price/Earnings 10.0x
Price/Sales 8.3x
Price/Book 0.9x
Price/Cash Flow 10.4x
TEV/Sales NM Not Meaningful
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