Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Apollo Commercial Real Estate Finance Popped Today

TheMotleyFool

0 0

Why Shares of Apollo Commercial Real Estate Finance Popped Today: https://g.foolcdn.com/editorial/images/706124/generic-upward-9.jpg

Shares of the mortgage real estate investment trust (mREIT) Apollo Commercial Real Estate Finance (NYSE: ARI) popped today after the company reported its third-quarter earnings results. The stock traded roughly 19.6% higher as of 1:13 p.m. ET on Tuesday.

Apollo reported adjusted earnings per diluted share of $0.37 on total revenue of $76.3 million, both numbers beating analyst estimates for the quarter.

"Our third-quarter results demonstrate the resilience of ARI's floating-rate loan portfolio in a quickly evolving and volatile market environment," CEO Stuart Rothstein said in the earnings statement.

Source Fool.com

Like: 0

ARI

Share