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 fiscal year ended 31 December 2023, Apollo Commercial Real Estate Financ Inc revenues increased 41% to $810.7M. Net income applicable to common stockholders decreased 83% to $41.5M. Revenues reflect Interest income from commercial mortgage increase of 54% to $701M, Revenue from real estate owned operation increase of 49% to $92.4M. Net income was offset by FV/Uls Adjust on Derivatives for Hedging decrease from $104.2M (income) to $91.4M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,254M as of Dec 31, 2023 |
| Annual revenue (TTM): | $810.70M as of Dec 31, 2023 |
| EBITDA (TTM): | $204.33M as of Dec 31, 2023 |
| Net annual income (TTM): | $41.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$7.96M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6,729M as of Dec 31, 2023 |
| Shares outstanding: | 142,096,715 as of Feb 5, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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