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Apollo Commercial Real Estate (ARI)
NYSE:ARI
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.35Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 1.35%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in loan repayments and new commitments, as well as progress in real estate developments. However, the company faced challenges with a significant net loss due to realized losses on a hospital loan, ongoing asset management issues, an increase in interest expense, and a downgrade of a German office asset. While there are positive trends in the market and opportunities for growth, the lowlights highlight substantial hurdles that need to be addressed.Company Guidance
During the ARI Q3 2024 earnings call, guidance highlighted several key metrics and strategic initiatives. The company received $1.7 billion in loan repayments year-to-date and committed over $1.1 billion to new loans in the past nine months, along with deploying $500 million into fundings of previously closed loans. ARI's portfolio consists of 45 loans totaling $7.8 billion, with a weighted average unlevered yield of 8.5%. The company reported distributable earnings of $44 million or $0.31 per share, while GAAP net loss attributable to common stockholders was $95 million, reflecting a $128 million realized loss. The Q3 dividend was set at $0.25 per share, and ARI anticipates potential operating earnings uplift of $0.40 to $0.60 per share annually if equity tied to nonperforming loans is reinvested. The portfolio's risk rating stood at 3.0, unchanged from the prior quarter, and the debt-to-equity ratio was 3.5x, with a total liquidity exceeding $300 million.Increased Financing Opportunities
The recent Fed interest rate cut has led to increased transaction volume and confidence among investors, resulting in a favorable lending environment and opportunities to deploy capital into loans with attractive risk-adjusted returns.
Robust Loan Repayments
ARI received $953 million in loan repayments in Q3, exceeding the first and second quarter combined by over $190 million.
New Loan Commitments
ARI committed over $1.1 billion to new vintage loans in the past 9 months and deployed $500 million into fundings of previously closed loans.
Strong Portfolio Composition
The portfolio ended Q3 with a carrying value of $7.8 billion and a weighted average unlevered yield of 8.5%.
Real Estate Developments
Progress at 111 West 57th Street with four additional units under contract and the retail component leased to Bonhams. The 51-story multifamily tower in Brooklyn topped out during the quarter.
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ARI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $8.92 | $8.89 | -0.34% |
| Aug 06, 2024 | $9.83 | $9.72 | -1.12% |
| Apr 29, 2024 | $10.03 | $9.04 | -9.87% |
| Feb 06, 2024 | $10.05 | $9.56 | -4.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Apollo Commercial Real Estate (ARI) report earnings?
Apollo Commercial Real Estate (ARI) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Apollo Commercial Real Estate (ARI) earnings time?
Apollo Commercial Real Estate (ARI) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARI EPS forecast?
ARI EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
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