Last $16.62 USD
Change Today -0.0738 / -0.44%
Volume 85.1K
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As of 1:46 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

apollo commercial real estat (ARI) Key Developments

Apollo Commercial Real Estate Finance Seeks Acquisitions

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has announced a fixed-income offering of $100 million aggregate principal amount of its 5.50% convertible senior notes due 2019. ARI intends to use the net proceeds from the offering to repay amounts outstanding under ARI’s repurchase facility with JPMorgan Chase Bank, N.A. and, to the extent not used therefor, to acquire ARI’s target assets, which include commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities and other commercial real estate-related debt investments, and for general corporate purposes.

Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend, Payable on October 15, 2014

Apollo Commercial Real Estate Finance, Inc. announced that the company's Board of Directors declared a dividend of $0.40 per share of common stock, which is payable on October 15, 2014 to common stockholders of record on September 30, 2014.

Apollo Commercial Real Estate Finance, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Month Ended June 30, 2014

Apollo Commercial Real Estate Finance, Inc. reported consolidated unaudited earnings results for the second quarter and six month ended June 30, 2014. Reported operating earnings per share of common stock of $0.42 for the quarter ended June 30, 2014, an increase of 35.5% as compared to operating earnings per share of common stock of $0.31 for the quarter ended June 30, 2013. Net income available to common stockholders for the three months ended June 30, 2014 was $22.1 million, or $0.51 per share, as compared to net income available to common stockholders of $9.9 million, or $0.27 per share, for the three months ended June 30, 2013. Operating earnings were $18.045 million against $11.721 million a year ago. Net interest income was $23.784 million against $17.233 million a year ago. For the six months ended June 30, 2014, the company reported operating earnings of $32.0 million, or $0.80 per share, representing a 14.3% per share increase as compared to operating earnings of $23.7 million, or $0.70 per share, for the six months ended June 30, 2013. Net income available to common stockholders for the six months ended June 30, 2014 was $37.8 million, or $0.94 per share, as compared to net income available to common stockholders of $20.0 million, or $0.59 per share, for the six months ended June 30, 2013. The Company's book value per share at June 30, 2014 was $16.30, as compared to book value per share of $16.21 at March 31, 2014. Operating earnings were $32.036 million against $23.682 million a year ago. Net interest income was $43.187 million against $34.300 million a year ago.

Apollo Commercial Real Estate Finance, Inc. Announces Closing of Two Commercial Real Estate Loan Transactions

Apollo Commercial Real Estate Finance, Inc. announced the company closed two commercial real estate loan transactions totaling $54.5 million.

Apollo Commercial Real Estate Finance, Inc. to Report Q2, 2014 Results on Jul 29, 2014

Apollo Commercial Real Estate Finance, Inc. announced that they will report Q2, 2014 results After-Market on Jul 29, 2014

 

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Industry Analysis

ARI

Industry Average

Valuation ARI Industry Range
Price/Earnings 10.4x
Price/Sales 8.7x
Price/Book 0.9x
Price/Cash Flow 11.1x
TEV/Sales 1.6x
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