RestructuringAug 11, 2026, 06:12 AM
Apollo Commercial Real Estate Files for Dissolution; Q2 EPS $0.11
AI Summary
Apollo Commercial Real Estate Finance, Inc. announced its Q2 2026 financial results, reporting net income of $0.11 per diluted share and negative Distributable Earnings of ($2.62) per diluted share. The company also disclosed a significant subsequent event: the filing of a preliminary proxy statement for a Special Meeting to approve its dissolution and liquidation. These results follow the sale of its commercial real estate loan portfolio, which led to a $338 million net realized loss and a $31 million loss on extinguishment of debt. The company also declared a $3.75 per share common stock dividend and redeemed $169 million in preferred stock.
Key Highlights
- Filed a preliminary proxy statement for a Special Meeting to approve the Company's dissolution and liquidation.
- Reported Q2 2026 net income available to common stockholders of $0.11 per diluted share.
- Distributable Earnings were ($2.62) per diluted share for the quarter ended June 30, 2026.
- Completed the sale of its commercial real estate loan portfolio, resulting in a $338 million net realized loss.
- Recognized a $31 million loss on extinguishment of debt due to repayment of secured debt.
- Declared common stock dividends of $3.75 per share, with a substantial portion expected to be return of capital.
- Repurchased 8.6 million shares of common stock at $10.85 per share, adding $0.08 to book value.
- Redeemed all outstanding 7.25% Series B-1 Preferred Stock for $169 million on July 15, 2026.
Price Impact
More from ARI