ARI Stock Recent News
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DSGR, ARI and HVT have been added to the Zacks Rank #5 (Strong Sell) List on December 5, 2023.
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Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI ) Q3 2023 Earnings Call October 31, 2023 10:00 AM ET Company Participants Stuart A. Rothstein - Chief Executive Officer Scott Weiner - Chief Investment Officer Anastasia Mironova - Chief Financial Officer Conference Call Participants Sarah Barcomb - BTIG Stephen Laws - Raymond James Richard Shane - JP Morgan Jade Rahmani - KBW Operator I would like to remind everyone that today's call and webcast are being recorded.
Although the revenue and EPS for Apollo Commerical Finance (ARI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.37 per share a year ago.
NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its third quarter 2023 financial results on Tuesday, October 31, 2023 at 10:00 a.m. Eastern Time. The Company's third quarter 2023 financial results will be released after the market closes on Monday, October 30, 2023. During the conference call, Company officers will review third quarter 2023 performance, discuss recent events and conduct a question-and-answer period.
You've seen the headlines - Commercial Real Estate loan defaults are climbing. The CRE sector is being sold off heavily in fear. Not all companies or loans are made equal.
Apollo Commercial Real Estate Finance has seen a contraction in its loan origination business and improved dividend payout ratio. ARI stock is selling at a large discount to book value, providing a margin of safety. The company remains a higher-risk choice for passive income investors due to cyclical earnings risks and interest rate reversals.
Apollo Commercial Real Estate Finance currently trades at a 30% discount to book value. The 12.8% dividend yield is well covered and will continue to be covered in the high-interest rate environment. Apollo Commercial has an excellent management team that is keeping liquidity strong in these unusual post Covid times.
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