Apollo Commercial Real Estate Finance Reports Strong Q4 Earnings
NEW YORK (AP) - Apollo Commercial Real Estate Finance (ARI) announced fourth-quarter net income of $40.7 million, exceeding analysts' expectations. Adjusted earnings reached 32 cents per share, driven by growth in key revenue streams.
The company's total revenue for the quarter was $70.5 million, with adjusted revenue at $43.5 million. These positive financial results reflect ARI's continued focus on strategic investments in real estate assets.
Since the beginning of the year, ARI shares have increased by 5%. However, the stock has experienced a 15% decline in value over the past 12 months.