Apollo Commercial Real Estate Finance, Inc. (ARI) reported a net income attributable to common stockholders of $0.27 per diluted share for the fourth quarter ended December 31, 2024. Distributable Earnings per diluted share for the quarter were $0.32.
For the full year 2024, ARI reported a net loss attributable to common stockholders of ($0.97) per diluted share. Full year Distributable Earnings per diluted share were $0.43, while Distributable Earnings prior to net realized loss on investments were $1.33 per diluted share.
Stuart Rothstein, CEO and President, noted that 2024 was an active year for capital deployment, driven by Apollo's real estate credit origination capabilities. He highlighted $2.5 billion in portfolio repayments, with capital successfully redeployed into new vintage, attractively priced loans.
The company's full year 2024 results included realized losses from the sale of a commercial mortgage loan secured by a hotel in Honolulu, Hawaii, and the extinguishment of a commercial mortgage loan secured by eight hospitals in Massachusetts.
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