Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 70

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 7
Chunk 70
---
 fiscal year ended December 31, 2023. 

Net Income (Loss) Available to Common Stockholders

For the years ended December 31, 2024 and 2023, our net income (loss) available to common stockholders was ($131.9) million, or ($0.97) per diluted share of common stock, and $45.9 million, or $0.29 per diluted share of common stock, respectively.

 41

Operating Results

The following table sets forth information regarding our consolidated results of operations and certain key operating metrics for the years ended December 31, 2024 and 2023 ($ in thousands): 

    Years Ended

    December 31, 2024

    December 31, 2023

    2024 vs 2023

    Net interest income:

    Interest income from commercial mortgage loans
     
    $
    699,389

    $
    701,002

    $
    (1,613
    )

    Interest income from subordinate loans and other lending assets

    3,542

    17,280

    (13,738
    )

    Interest expense

    (503,949
    )

    (466,110
    )

    (37,839
    )

    Net interest income

    198,982

    252,172

    (53,190
    )

    Operations related to real estate owned:

    Revenue from real estate owned operations

    104,689

    92,419

    12,270

    Operating expenses related to real estate owned

    (81,683
    )

    (72,759
    )

    (8,924
    )

    Depreciation and amortization on real estate owned

    (11,668
    )

    (8,248
    )

    (3,420
    )

    Net income related to real estate owned

    11,338

    11,412

    (74
    )

    Operating expenses:

    General and administrative expenses

    (29,649
    )

    (29,520
    )

    (129
    )

    Management fees to related party

    (36,120
    )

    (37,978
    )

    1,858

    Total operating expenses

    (65,769
    )

    (67,498
    )

    1,729

    Other income