2024-02-23 03:40:01 ET
Summary
- Apollo Commercial Real Estate Finance's portfolio value grew in Q4 2023 as originations exceeded repayments for the first time in the year.
- Dividend risks have slightly increased due to a lower margin of dividend safety reflected by the company's dividend coverage ratio.
- ARI's stock is selling at a large 31% discount to book value, making it attractive to passive income investors.
Apollo Commercial Real Estate Finance, Inc. ( ARI ) is a well-managed commercial real estate investment trust with a large portfolio of commercial mortgages.
The trust's portfolio value grew in the fourth quarter as its originations exceeded its repayments for the first time in 2023....
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Apollo Commercial: This 13% May Look Riskier Than It Is