Apollo Commercial: Margin Of Safety Has Disappeared (Rating Downgrade)
ARIApollo Commercial Real Estate Finance(ARI) Seeking Alpha·2024-05-06 23:40

Megapixel8 Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) earned its dividend with distributable earnings in the first quarter and overall managed to report healthy earnings. The commercial mortgage trust is one of the largest mortgage trusts in the United States and continued to see healthy origination activity in the last quarter. As far as the dividend safety margin was concerned, the trust earned enough cash to fund its dividend of $0.35 per share, but the safety margin did deteriorate QoQ. Apol ...