Apollo Commercial: More Value Destruction As Leverage Remains Sky-High
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Apollo Commercial Real Estate Finance (ARI) reported a Q3-2024 net income loss of 69 cents per share, with distributable earnings at 31 cents per share. The company's book value is declining, and 10% of its loans are non-performing.
November 06, 2024 | 5:45 pm
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Apollo Commercial Real Estate Finance reported a Q3-2024 net income loss of 69 cents per share, with distributable earnings at 31 cents per share. The company's book value is eroding, and 10% of its loans are non-performing, indicating financial instability.
The significant net income loss and high percentage of non-performing loans suggest financial difficulties for ARI, likely leading to negative investor sentiment and downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100