NYSE$ARI

Apollo Commercial Real Estate Finance Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported solid results driven by strong operations and an active pipeline.

Apollo Commercial Real Estate Finance, Inc. reported a net income available to common stockholders per diluted share of $0.38 for the third quarter of 2021. Distributable Earnings were $0.35 per share.

  • Net income available to common stockholders per diluted share was $0.38.
  • Distributable Earnings were $0.35 per share.
  • Company continues to build an active pipeline for new transactions.
  • Origination levels in 2021 are expected to reach pre-pandemic levels.

Headline financials

Total Revenue

$66.6M

Previous: $74M-9.9%
EPS (adj)

$0.35

Previous: $0.36-2.8%
Capital Expenditures

-$65K

No prior period
Free Cash Flow

$60.3M

Previous: $49.3M+22.3%
Net Income

$60.4M

Previous: $49.3M+22.4%
Operating Income

$36.7M

Previous: $51.1M-28.1%
Gross Profit

$60.9M

Previous: $67.6M-10.0%
Cash & Equivalents

$243M

Previous: $450M-45.9%
Total Assets

$7.72B

Previous: $6.93B+11.3%
Stock-Based Comp

$4.41M

Previous: $4.21M+4.7%

Revenue & EPS history

ARI · Revenue · Quarterly

$66.6M

Q3 2021-9.9%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Company expects origination levels in 2021 to reach pre-pandemic levels, as transaction volume remains robust and commercial real estate market fundamentals continue to improve.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.2%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.4%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+18.4%

Q3 2022

Best reaction

-11.4%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%+2.6%+2.0%
Q4 2025-0.3%-0.8%-4.1%
Q3 2025-2.6%-0.6%+1.4%
Q1 2025+1.3%+3.1%+5.9%
Q4 2024+9.9%+11.1%+7.3%
Q3 2024+0.6%+1.6%+4.6%
Q2 2024-0.7%+1.9%+3.4%
Q1 2024-10.8%-6.9%-9.5%
Q4 2023-4.5%-2.4%-0.2%
Q3 2023+6.8%+15.0%+15.3%
Q2 2023-11.4%-9.8%-7.7%
Q1 2023+8.2%+8.3%+10.0%
Q4 2022-8.7%-3.6%-18.2%
Q3 2022+18.4%+22.8%+26.1%
Q2 2022+4.6%+10.6%+9.7%
Q1 2022-4.6%-9.9%-8.2%
Q4 2021-0.6%-4.7%+0.0%
Q3 2021-3.0%-2.3%-8.4%
Q2 2021-0.6%-1.9%-0.9%
Q1 2021+0.9%+1.8%+2.5%
Q4 2020+4.7%+5.8%+20.4%
Q3 2020-1.7%-5.2%+23.3%
Q2 2020-0.7%-1.3%-1.0%
Q1 2020+1.7%-3.9%+42.5%
Q4 2019-0.4%-0.3%-36.1%
Q3 2019-2.6%-4.1%-5.2%
Q2 2019+0.1%-0.2%+0.1%
Q1 2019+1.1%+1.8%+1.8%
Q4 2018-2.8%-2.8%+0.1%
Q3 2018+0.8%-1.4%+0.0%
Q2 2018-0.1%+0.7%+2.7%
Q1 2018+0.5%+1.1%+3.8%
Q4 2017+2.2%+4.3%+3.1%
Q3 2017+1.0%+1.2%+2.9%
Q2 2017-0.8%-0.1%+0.3%
Q1 2017-4.7%-3.7%-4.3%
Q4 2016+2.3%+1.1%+4.1%
Q3 2016+2.0%+2.5%+4.6%
Q2 2016-1.8%-1.6%-1.2%
Q1 2016+0.4%
Q4 2015+0.6%
Q3 2015-1.5%
Q2 2015+1.5%
Q1 2015-0.8%
Q4 2014+2.8%
Q3 2014-0.1%
Q2 2014+1.3%
Q1 2014-3.4%
Q4 2013+1.0%
Q3 2013+0.7%
Q2 2013+0.1%
Q1 2013+0.7%
Q4 2012+1.2%
Q3 2012-0.9%
Q2 2012+2.9%
Q1 2012+3.0%
Q4 2011+1.7%
Q3 2011-2.4%
Q2 2011-10.0%
Q2 2010-10.0%
Q1 2011-1.5%
Q4 2010-0.2%
Q3 2010-1.5%
Q1 2010-1.9%

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