For investors interested in The REIT Forum’s preferred share ratings, see my guide to preferred shares. I also have a guide for preferred share dividend captures.
My view on Apollo Commercial Real Estate Finance (ARI) common shares hasn’t changed.
They are a sell. In the near term, the dividend could move higher, but there is still a significant amount of credit risk required to produce that interest income. However, their preferred share is another story.
First, let’s glance at the common shares.
Common shares
Most of ARI’s loans are floating-rate:
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