On Friday, Apollo Commercial Real Estate Finance, Inc. stock identified change of 15.12% away from 52-week low price and recently located move of -40.28% off 52-week high price. It has market worth of $2198.22M and dividend yield of 13.56%. ARI stock has been recorded -33.25% away from 50 day moving average and -35.90% away from 200 day moving average. Moving closer, we can see that shares have been trading -29.30% off 20-day moving average.

Apollo Commercial Real Estate Finance, Inc (ARI) recently stated financial results for the quarter and full year ended December 31, 2019.

Fourth Quarter 2019 Highlights

Stated net income accessible to ordinary stockholders for the three months ended December 31, 2019 of $68.5M, or $0.42 per diluted share of ordinary stock;

Stated Operating Earnings (a non-GAAP financial measure defined below) for the three months ended December 31, 2019 of $70.9M, or $0.46 per diluted share of ordinary stock;

Generated $81.4M of net interest income during the quarter from the Company’s $6.4B commercial real estate loan portfolio;

Committed $2.2B to new commercial real estate loans ($1.2B of which was funded at closing) and funded an additional $143.3M for loans closed previous to the quarter; and

Reported a $0.46 dividend per share of ordinary stock for the three months ended December 31, 2019.

2019 Highlights

Stated net income accessible to ordinary stockholders of $211.6M, or $1.40 per diluted share of ordinary stock, for the year ended December 31, 2019;

Stated Operating Earnings of $268.4M, or $1.80 per diluted share of ordinary stock, for the year ended December 31, 2019; not including the realized loss on investments (described below), Operating Earnings were $280.9M, or $1.89 per diluted share of ordinary stock, for the year ended December 31, 2019;

Committed $4.2B to new commercial real estate loans ($3.0B of which was funded during the year ended December 31, 2019) and funded an additional $416.1M for loans closed previous to 2019;

Closed a $500.0M seven-year senior secured term loan priced at LIBOR plus 2.75% (priced at 99.5% of par), and entered into an interest rate swap to fix LIBOR at 2.12%, effectively fixing ARI’s all-in coupon at 4.87%;

Issued 17,250,000 shares of ordinary stock in an underwritten public offering, which generated net proceeds of $314.8M; ARI used a portion of the net proceeds for the redemption of all of the outstanding 8.00% Series C Cumulative Redeemable Perpetual Preferred Stock, which had a liquidation preference of $172.5M; and

Reported dividends per share of ordinary stock totaling $1.84 during the year ended December 31, 2019.

Apollo Commercial Real Estate Finance, Inc. noticed change of 4.24% to $11.8 along volume of 2903387 shares in recent session compared to an average volume of 1546.77K. ARI’s shares are at -35.94% for the quarter and driving a -35.90% return over the course of the past year and is now at -35.48% since this point in 2018.

 

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