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Mar 31, 2024
ARI Q1 2024 Earnings Report
Reported first quarter 2024 results with distributable earnings per share of $0.35 and a net loss per share of ($0.76).
Key Takeaways
Apollo Commercial Real Estate Finance, Inc. reported a net loss of ($0.76) per share and distributable earnings of $0.35 per share for the quarter ended March 31, 2024. The company recorded an incremental CECL allowance of approximately $142 million on a mezzanine loan, which resulted in a $1.00 decline in book value per share but did not impact distributable earnings or the dividend per share.
Net loss per share was ($0.76) for Q1 2024.
Distributable earnings per share was $0.35 for Q1 2024.
An incremental CECL allowance of $142 million was recorded on a mezzanine loan.
The CECL allowance resulted in a $1.00 decline in book value per share but did not impact the dividend.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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