Apollo Commercial Real Estate Financ Inc (N:ARI)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9 W 57th St Fl 43 NEW YORK NY 10019 |
| Tel: | 1-212-8220767 |
| Website: | https://www.apollocref.com |
| IR: | See website |
| Key People | ||
| Stuart A. Rothstein President, Chief Executive Officer, Director | Anastasia Mironova Chief Financial Officer, Treasurer, Secretary | |
| Business Overview |
| Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company's principal business objective is to acquire its target assets in order to provide attractive risk-adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. Its investment strategy is to identify opportunities within its target assets through its manager and its affiliates as well as their platform, which integrates real estate experience with private equity and capital markets in transaction sourcing, underwriting, execution, asset operation, management and disposition. Its target assets are secured by real estate throughout the United States and Europe. The Company is externally managed and advised by ACREFI Management, LLC. |
| Financial Overview |
| For the three months ended 31 March 2024, Apollo Commercial Real Estate Financ Inc revenues increased 9% to $208.4M. Net loss applicable to common stockholders totaled $108.5M vs. income of $44.8M. Revenues reflect Interest income from commercial mortgage increase of 11% to $183.7M, Revenue from real estate owned operation increase of 48% to $23.9M. Net loss reflects Provision for loan losses increase from $4.4M to $147.7M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,338M as of Mar 31, 2024 |
| Annual revenue (TTM): | $827.14M as of Mar 31, 2024 |
| EBITDA (TTM): | $191.60M as of Mar 31, 2024 |
| Net annual income (TTM): | -$111.82M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$94.43M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $6,851M as of Mar 31, 2024 |
| Shares outstanding: | 142,162,205 as of Apr 26, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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