Loading...
•
Mar 31, 2023
ARI Q1 2023 Earnings Report
Reported strong distributable earnings driven by senior floating rate loan portfolio amidst a challenging environment.
Key Takeaways
Apollo Commercial Real Estate Finance, Inc. (ARI) reported a net income attributable to common stockholders per diluted share of $0.32 for Q1 2023. Distributable Earnings per share was $0.48, and Distributable Earnings prior to net realized loss on investments and realized gain on extinguishment of debt per share was $0.51.
ARI's senior floating rate loan portfolio produced strong distributable earnings.
The company is benefiting from higher base rates due to its portfolio being 99% floating rate loans.
ARI is taking a cautious approach to capital deployment due to ongoing market uncertainty.
The focus is on proactive asset management and increasing liquidity.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...