Apollo Commercial Real Estate Finance (ARI) reported Q2 EPS of $0.35, $0.02 better than the analyst estimate of $0.33.
Stuart Rothstein, CEO and President of the Company said: “The rapidly evolving economic climate had a significant effect on the real estate capital markets during the second quarter. Despite the environment, ARI’s results demonstrated we continued to effectively deploy capital and earn our common stock dividend. I am encouraged that our resilient and diversified loan portfolio can generate solid returns in uncertain markets.”