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Apollo Real Estate (ARI) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 28, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.11

Last Year’s EPS

0.26

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 4 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 28, 2026|

% Change Since:

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

On the call management provided quantitative guidance and near-term milestones: ARI completed the sale of its $9.0 billion loan portfolio and now holds approximately $1.3 billion of cash plus four REO assets with roughly $900 million gross value (two assets — the Brook and the Mayflower — represent ~80% of REO net equity value), with the Brook ~80% leased at market rates and ~70% leased for affordable units (95% of units selected) and expected to stabilize by this summer, the Mayflower generating net cash flow well ahead of budget in Q1 with further upside expected, the Courtland Grand underperforming in Q1 but expected to be brought in line for the year via business‑interruption insurance and World Cup demand, and two former hospital assets totaling about $24 million book value undergoing rezoning discussions; Q1 2026 financials included net income available to common of $23 million ($0.16/diluted share), distributable earnings of $31 million ($0.22/diluted share), net interest income of $36 million (vs. $39 million in Q1 2025), interest income from commercial mortgage loans of $150 million (up from $144 million, driven by ~$1.2 billion portfolio growth on an amortized cost basis), and interest expense of $114 million (up from $105 million); book value per share was $12.01 at 3/31/26 (vs. $12.14 at 12/31/25) with pro forma BVPS of $12.15 at closing of the portfolio sale, share repurchases totaled ~6.8 million shares YTD (2.9M in Q1 at $10.52 avg; 3.9M post‑quarter at $10.72 avg) producing $0.07 BVPS accretion YTD ($0.03 Q1, $0.04 Q2) and a new $150 million repurchase authorization was approved, the Board will announce the Q2 dividend a few weeks before quarter end (targeting an ~8% annualized dividend yield on book value per share, with future dividends likely to include a significant return of capital), and management expects to provide meaningful strategic clarity within the next few months while maintaining conservative, largely unlevered liquidity (REIT asset tests are measured at quarter end, income test annually).

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.

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

Daily Earnings Calendar >

ARI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 28, 2026	2026 (Q2)	0.10 / -	0.26	―	―	―
Apr 28, 2026	2026 (Q1)	0.27 / 0.22	0.24	-8.33% (-0.02)
Feb 10, 2026	2025 (Q4)	0.24 / 0.26	0.32	-18.75% (-0.06)
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)

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 Jul 28, 2026, After Close (Confirmed).

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

Apollo Commercial Real Estate (ARI) earnings time is at Jul 28, 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 0.11.