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Apollo Commerical Finance: Q3 Earnings Snapshot

October 25, 2022
25 October 2022

NEW YORK (AP) _ Apollo Commercial Real Estate Finance (ARI) on Monday reported third-quarter earnings of $183 million.

The New York-based company said it had net income of $1.13 per share. Earnings, adjusted for non-recurring gains, were 37 cents per share.

The real estate investment trust posted revenue of $76.3 million in the period. Its adjusted revenue was $61.9 million.

Apollo Commerical Finance shares have dropped 28% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.53, a decline of 39% in the last 12 months.


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