Apollo Commercial Real Est.F

Apollo Commercial Real Estate Finance sold its commercial loan portfolio to Athene for about $8.6 billion, using proceeds to repay debt, escrow funds to redeem secured notes and simplify its balance sheet. Management estimates net cash plus retained real estate imply roughly $12.05 of book value per share, while the stock trades well below that level, suggesting a legacy-portfolio discount. The company now holds mainly cash and a few retained properties, targets an 8% annualized dividend on post-transaction book value, and may pursue strategic alternatives, including dissolution, if no compelling plan is found by year-end 2026. » More on finance.yahoo.com

Scott S. Prince announced he will not stand for re-election to the board of directors at the next annual meeting of Apollo Commercial Real Estate Finance; the decision is not due to disagreements with the company. The REIT traded just below its 52-week high at $10.84 and reported disappointing Q1/2026 results with EPS of $0.22 (expectation $0.27) and revenue of $58.63 million. The company also completed the sale of a $9 billion commercial real estate portfolio to affiliate Athene at 99.7% of book value; BofA resumed coverage with a "Neutral" rating and a $11.50 price target. » More on de.investing.com

Cura Wealth Advisors sold 386,000 shares of Apollo Commercial Real Estate Finance, an estimated $4.02 million reduction that left the fund with 437,233 shares valued at $4.62 million. The trim cut ARI’s weight to 2.07% of 13F-reportable assets and appears to be a cautious pullback amid higher rates and refinancing uncertainty for commercial real estate. Apollo reported stable Q1 results with $0.16 net income per diluted share and no realized investment losses, but mortgage REITs still face pressure from elevated financing costs. » More on finance.yahoo.com