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.

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Source Fool.com