Commenting on 2023 performance, Stuart Rothstein, CEO and president of the company, said: “Despite the challenging macro environment over the past year, ARI delivered strong performance for our stockholders in 2023, consistently providing a stable and well covered dividend. We took proactive steps in managing our loan portfolio and optimizing our balance sheet, which positioned us well to pivot towards offense as the year progressed. We committed to two new loan origination transactions in the fourth quarter and will continue to opportunistically deploy capital alongside Apollo’s broader commercial real estate credit platform.”
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Read More on ARI:
- Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter 2023 Results
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- Apollo Commercial price target raised to $10.50 from $10 at JPMorgan
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