Quarterly ResultApr 29, 2026, 06:12 AM
ARI Q1 Net Income $0.16/Share; Distributable EPS $0.22; $150M Buyback
AI Summary
Apollo Commercial Real Estate Finance, Inc. (ARI) reported Q1 2026 net income available to common stockholders of $0.16 per diluted share and Distributable Earnings of $0.22 per diluted share. The company declared a common stock dividend of $0.25 per share. Post-quarter, ARI completed the sale of its commercial real estate loan portfolio to Athene Holding Ltd. for 99.7% of total loan commitments and approved a new $150 million stock repurchase program. During Q1, ARI repurchased 2.9 million shares at an average price of $10.52, and an additional 3.9 million shares at $10.72 post-quarter.
Key Highlights
- Net income available to common stockholders per diluted share was $0.16 for Q1 2026.
- Distributable Earnings per diluted share was $0.22 for Q1 2026.
- Declared common stock dividends of $0.25 per share for Q1 2026.
- Repurchased 2.9 million shares of common stock at a weighted-average price of $10.52 per share in Q1.
- Repurchased an additional 3.9 million shares at $10.72 per share post-quarter.
- Board approved a new stock repurchase program for up to $150.0 million.
- Completed the sale of the commercial real estate loan portfolio for 99.7% of total loan commitments.
- Total loan portfolio was $8.9 billion with a weighted-average unlevered all-in yield of 7.0%.