DivestmentAug 10, 2026, 05:08 PM
Apollo Commercial Real Estate Finance Sells Loan Portfolio for $8.6B; $3.75 Dividend
AI Summary
Apollo Commercial Real Estate Finance completed the sale of its commercial real estate loan portfolio for approximately $8.6 billion to Athene, a subsidiary of Apollo Global Management. This strategic divestment significantly reduced the company's total assets and liabilities. Concurrently, the company declared a substantial common stock dividend of $3.75 per share, while reporting Q2 2026 net income available to common stockholders of $22.7 million.
Key Highlights
- Completed sale of commercial real estate loan portfolio for approximately $8.6 billion.
- Declared common stock dividend of $3.75 per share for Q2 2026.
- Total Assets decreased to $2.14 billion from $9.90 billion (Dec 2025).
- Total Liabilities decreased to $881.4 million from $8.04 billion (Dec 2025).
- Cash and cash equivalents increased to $1.24 billion from $139.8 million (Dec 2025).
- Q2 2026 net income available to common stockholders was $22.7 million.
- Q2 2026 basic earnings per share was $0.11.
- Net realized loss on investments of $339.1 million for H1 2026.
Price Impact
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