2024-05-06 11:40:17 ET
Summary
- Apollo Commercial Real Estate Finance earned its dividend in the first quarter but saw a deterioration in dividend coverage.
- The trust has a large portfolio of commercial real estate loans, with a significant portion allocated to the office sector.
- The market anticipates a dividend cut, as the stock is selling at a 30% discount to book value.
Apollo Commercial Real Estate Finance, Inc. ( ARI ) earned its dividend with distributable earnings in the first quarter and overall managed to report healthy earnings....
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For further details see:
Apollo Commercial: Margin Of Safety Has Disappeared (Rating Downgrade)