The earnings call highlighted strong loan origination activity and liquidity, with significant progress on asset sales and litigation settlements. However, challenges persist with certain assets, such as Liberty Center, and run rate distributable earnings fell below the dividend level. Despite these issues, the call maintained an optimistic tone regarding future asset monetization and capital redeployment.

Company Guidance

In the third quarter of 2025, Apollo Commercial Real Estate Finance (ARI) demonstrated robust performance with significant emphasis on loan origination and asset management. The company reported GAAP net income of $48 million, translating to 34¢ per diluted share, and distributable earnings of $42 million or 30¢ per share. During this period, ARI committed to $1 billion in new loans, raising year-to-date originations to $3 billion, with a strong focus on transactions in both the US and Europe. The carrying value of ARI's loan portfolio stood at $8.3 billion, with a weighted average unlevered yield of 7.7%, and 54% of the portfolio consisted of loans originated post-2022 rate hikes. The company's liquidity was robust at $312 million, while leverage decreased from 4.1 times to 3.8 times. ARI also focused on asset sales, including significant progress on properties like 111 West 57th Street, which saw six new contracts signed, generating $55 million in proceeds. Overall, Apollo is on track for a record year in commercial real estate loan originations, exceeding $19 billion closed to date, and continues to maintain a diversified approach in deploying capital and strengthening its financial position.

Record Commercial Real Estate Loan Originations

Apollo Commercial Real Estate Finance is on pace for a record year of commercial real estate loan originations, with over $19 billion closed to date.

Strong Origination and Deployment Activity

ARI committed to an additional $1 billion of new loans in Q3 2025, bringing year-to-date originations to $3 billion. The ability to deploy capital in Europe continues to be a differentiating factor.

Robust Loan Portfolio and Liquidity

The company ended the quarter with a carrying value of $8.3 billion for its loan portfolio and strong liquidity of $312 million. Leverage decreased from 4.1 times to 3.8 times.

111 West 57th Street Sales Momentum

Six new contracts were signed at 111 West 57th Street, with three closed post quarter end, generating approximately $55 million in proceeds.

Positive Impact from Litigation Settlement

A $17.4 million gain was recognized from the settlement of litigation related to a Massachusetts healthcare portfolio asset, increasing book value per share by 14¢.

Apollo Real Estate (ARI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ARI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2026	2025 (Q4)	0.24 / -	0.32	―	―	―
Oct 30, 2025	2025 (Q3)	0.25 / 0.30	-0.59	150.85% (+0.89)
Jul 29, 2025	2025 (Q2)	0.25 / 0.26	0.35	-25.71% (-0.09)
Apr 24, 2025	2025 (Q1)	0.23 / 0.24	0.35	-31.43% (-0.11)
Feb 10, 2025	2024 (Q4)	0.23 / 0.32	0.35	-8.57% (-0.03)
Oct 30, 2024	2024 (Q3)	0.21 / -0.59	0.37	-259.46% (-0.96)
Aug 06, 2024	2024 (Q2)	0.31 / 0.35	-0.11	418.18% (+0.46)
Apr 29, 2024	2024 (Q1)	0.32 / 0.35	0.48	-27.08% (-0.13)
Feb 06, 2024	2023 (Q4)	0.35 / 0.35	0.31	12.90% (+0.04)
Oct 30, 2023	2023 (Q3)	0.35 / 0.37	0.37	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ARI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2025	$9.99	$9.79	-2.00%
Jul 29, 2025	$9.56	$9.43	-1.36%
Apr 24, 2025	$8.64	$8.76	+1.39%
Feb 10, 2025	$8.42	$9.25	+9.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Apollo Commercial Real Estate (ARI) report earnings?

Apollo Commercial Real Estate (ARI) is schdueled to report earning on Feb 11, 2026, After Close (Confirmed).

What is Apollo Commercial Real Estate (ARI) earnings time?

Apollo Commercial Real Estate (ARI) earnings time is at Feb 11, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ARI EPS forecast?

ARI EPS forecast for the fiscal quarter 2025 (Q4) is 0.24.

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