Apollo Commercial Real Estate Finance, Inc. Q3 2025 Earnings Release

Apollo Commercial Real Estate Finance, Inc. (ARI) reported its financial results for the third quarter of 2025. The company announced a net income attributable to common stockholders of $0.34 per diluted share. Distributable Earnings, a non-GAAP financial measure, were $0.30 per diluted share, while Distributable Earnings prior to realized loss on investments and realized gain on litigation settlement were $0.23 per diluted share. ARI declared a common stock dividend of $0.25 per share, implying a dividend yield of 9.9%. The company's total loan portfolio stood at $8.3 billion, with a weighted-average unlevered all-in yield of 7.7%. ARI originated $1.0 billion in new loans during the quarter and ended the quarter with $312 million in total liquidity. The company also highlighted progress in freeing up non-performing capital for redeployment, with expected benefits to earnings materializing in the fourth quarter.