Trending Stock: Apollo Commercial Real Estate Finance Inc. (NYSE: ARI)

NEW YORK, May 16, 2020 – Shares of Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) showed the bearish trend with a lower momentum of -1.40% to $7.02. The company traded total volume of 3.683M shares as contrast to its average volume of 2.90M shares. The company has a market value of $1.10B and about 157.37M shares outstanding.

Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) reported net income available to common stockholders for the three months ended September 30, 2019 of $25.70M, or $0.16 per diluted share of common stock; these amounts reflect (i) a provision for loan losses totaling $32.00M, or $0.21 per share of common stock, recorded in connection with a first mortgage loan secured by a retail center in Cincinnati, OH; and (ii) a provision for loan losses totaling $3.00M, or $0.02 per share of common stock, recorded in connection with a first mortgage loan secured by a residential for sale property in Bethesda, MD. Reported net income available to common stockholders for the nine months ended September 30, 2019 of $143.10M, or $0.97 per diluted share of common stock.

Reported Operating Earnings for the three months ended September 30, 2019 of $72.60M, or $0.47 per diluted share of common stock; Reported Operating Earnings for the nine months ended September 30, 2019 of $197.60M, or $1.35 per diluted share of common stock; Operating Earnings excluding realized loss on investments and loss on early extinguishment of debt for the nine months ended September 30, 2019 were $210.10M, or $1.43 per diluted share of common stock.

  • Generated $85.20M of net interest income during the quarter from the Company’s $6.10B commercial real estate loan portfolio.
  • Committed $958.30M to new commercial real estate loans (all of which was funded at closing) and funded an additional $126.10M for loans closed before the quarter.
  • Subsequent to quarter end, committed $548.30M $464.30M of which was funded at closing to first mortgage loans, bringing year-to-date loan commitments to $2.50B.
  • Amended the Company’s master repurchase agreement with JPMorgan Chase Bank to increase the total borrowing capacity to $1.30B.

The Company offered net profit margin of 3.20% while its gross profit margin was 68.60%. ROE was recorded as 0.60% while beta factor was 1.28. The stock, as of recent close, has shown the weekly downbeat performance of -10.00% which was maintained at -61.62% in this year.

Julius Breit

I am Julius Breit and I focus on breaking news stories and ensuring we (“Liberty Headquarters”) offer timely reporting on some of the most recent stories released. I have formerly spent over 3 years as a trader in the U.S. Stock Market and is now semi-stepped down. I work on a full-time basis for Liberty Headquarters specializing in breaking stories, activism, companies, and legislation. Address: 3083 Olen Thomas Drive, Frisco, TX 75034, USA Phone: (+1) 940-698-0374 Email: juliusbreit@libertyheadquarters.com

Julius Breit

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