Apollo Commercial Real Estate Finance, Inc. Reports Third Quarter 2019 Financial Results
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Apollo Commercial Real Estate Finance (ARI) Reports In-Line Q3 EPS
October 23, 2019 4:28 PM EDTApollo Commercial Real Estate Finance (NYSE: ARI) reported Q3 EPS of $0.47, in-line with the analyst estimate of $0.47.
Reported net income available to common stockholders for the three months ended September 30, 2019 of $25.7 million, or $0.16 per diluted share of common stock; these amounts reflect (i) a provision for loan losses totaling $32.0 million, 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 $3.0 million, or $0.02 per... More