Apollo Commercial Real Estate Finance (ARI) Reports Q1 EPS of $0.51
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Apollo Commercial Real Estate Finance, Inc. Reports First Quarter 2016 Financial Results
April 26, 2016 4:30 PM EDTNEW YORK--(BUSINESS WIRE)-- Apollo Commercial Real Estate Finance, Inc. (the Company or ARI) (NYSE: ARI) today reported financial results for the quarter ended March 31, 2016.
First Quarter 2016 Highlights
Reported Operating Earnings (a non-GAAP financial measure defined below) per diluted share of common stock of $0.44 for the quarter ended March 31, 2016. Excluding $5.1 million of expenses associated with the proposed acquisition of Apollo Residential Mortgage, Inc. (NYSE: AMTG) (AMTG), ARI reported Operating Earnings per diluted share of common stock of $0.51, an increase of 16% as compared to Operating Earnings per diluted share of... More