ARI Stock Recent News

Apollo Commercial Real Estate Finance, Inc. faces significant headwinds, including a dividend cut, lower mortgage rates, and rising systematic risk in the commercial real estate sector. The mREIT's portfolio is concentrated in floating-rate loans with a short weighted average term, exposing it to mark-to-market and collateral valuation risks. Despite a dividend yield of 11.34%, the recent dividend cut signals softer internal growth and the potential for further cuts.

The huge surge of inflation since 2021 has not been seen since the Carter Administration's 1970's oil crisis.

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.25 per share of common stock, which is payable on October 15, 2024 to common stockholders of record on September 30, 2024.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Apollo Commercial Real Estate Finance maintained a $0.35 per share dividend, but had no margin of safety left for the dividend. The portfolio saw an increase in originations but suffered higher credit provisions in 2Q24. Stocks are selling at a 29% discount to book value, but dividends remain risky due to a lack of margin of safety.

Declining mortgage rates, improving purchase originations and interest rate cuts paint a favorable picture for the Zacks REIT and Equity Trust industry. Amid this industry players like STWD, ABR and ARI are poised to flourish.

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI ) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Stuart Rothstein - Chief Executive Officer Scott Weiner - Chief Investment Officer Anastasia Mironova - Chief Financial Officer Conference Call Participants Douglas Harter - UBS Rick Shane - JPMorgan Stephen Laws - Raymond James Steven Delaney - Citizens JMP Group, LLC Jade Rahmani - KBW Eric Dray - at Bank of America Merrill Lynch Operator I'd like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited.

The headline numbers for Apollo Commerical Finance (ARI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.11 per share a year ago.

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter ended June 30, 2024.