Apollo Commercial Real Estate Finance, Inc. (ARI) reported net income available to common stockholders per diluted share of $0.30 for Q4 2023. Distributable Earnings per share were $0.36, and Distributable Earnings prior to net realized loss on investments and gain on extinguishment of debt per share was also $0.36.
ARI delivered strong performance for stockholders in 2023.
The company consistently provided a stable and well-covered dividend.
Proactive steps were taken in managing the loan portfolio and optimizing the balance sheet.
Two new loan origination transactions were committed to in the fourth quarter.
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