Apollo Commercial Real Estate (ARI)
NYSE:ARI
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.22Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflected a largely positive restructuring outcome driven by the successful $9.0B portfolio sale, a strengthened liquidity position (~$1.3B cash), debt paydown and a clear path for deleveraging and return of capital. Operational bright spots include leasing momentum at the Brook and strong performance at the Mayflower hotel, alongside accretive share repurchases and an affirmed dividend target (~8% yield on book value). Offsetting items were a modest decline in net interest income (-7.7%), higher interest expense (+8.6%), a small drop in book value per share (-~1.1%), remaining nonaccrual exposure ($42M hotel loan), and execution/timing risk around resolving the remaining REO assets and finalizing a strategic path. Overall, the positives from the transaction, balance sheet de-risking, and shareholder actions outweigh the near-term operational and market headwinds.Company Guidance
Completed $9.0B Loan Portfolio Sale
Closed sale of the company's $9.0 billion loan portfolio to Athene on April 24, resulting in repayment of secured financing facilities and other indebtedness and delivering a compelling premium to ARI stockholders.
Strong Balance Sheet Repositioning — Cash and REO
Post-transaction ARI holds approximately $1.3 billion of cash and 4 REO assets with roughly $900 million gross value (net equity concentrated: ~80% of REO net equity in two assets: the Brook and the Mayflower).
Debt Repayment and Upcoming Note Redemption
Fully repaid outstanding Term Loan B and deposited funds to satisfy senior secured notes, which will be redeemed at par on or about June 15, materially de-risking the balance sheet.
Positive Quarterly Earnings and Distributable Earnings
Reported net income available to common stockholders of $23 million ($0.16 per diluted share) and distributable earnings of $31 million ($0.22 per diluted share) for Q1 2026.
Interest Income Increased YoY on Loan Growth
Interest income from commercial mortgage loans rose to $150 million from $144 million versus Q1 2025, an increase of ~4.2%, driven by approximately $1.2 billion of loan portfolio growth on an amortized cost basis despite lower average index rates.
Share Repurchases and New $150M Buyback Authorization
Repurchased ~2.9 million shares in Q1 at a weighted average price of $10.52 and an additional ~3.9 million shares post-quarter at $10.72 (total YTD ~6.8 million), delivering approximately $0.07 of book value per share accretion YTD; Board authorized up to $150 million for future repurchases.
Operational Improvements and Leasing Momentum at Key REO Assets
Brook (multifamily): market-rate ~80% leased, affordable units ~70% leased, 95% of units selected, expected stabilization by summer. Mayflower Hotel (Washington, D.C.): strong Q1 with net cash flow ahead of budget driven by margin improvements and higher occupancy; expecting continued YOY improvement.
Clear Dividend Policy with Target Yield
Company intends to continue quarterly dividends while exploring strategic options and reiterated a target dividend approximately equal to an ~8% annualized dividend yield on book value per share; Board will declare dividends per customary schedule.
ARI Earnings History
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 |
|---|---|---|---|
Apr 28, 2026 | $11.06 | $10.74 | -2.89% |
Feb 10, 2026 | $10.46 | $10.43 | -0.28% |
Oct 30, 2025 | $9.51 | $9.32 | -2.01% |
Jul 29, 2025 | $9.10 | $8.98 | -1.33% |
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 Aug 05, 2026, After Close (Confirmed).
What is Apollo Commercial Real Estate (ARI) earnings time?
Apollo Commercial Real Estate (ARI) earnings time is at Aug 05, 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 2026 (Q2) is 0.22.