Company: ARI
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0000950170-25-017122
Chunk: 104

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 104
---
     
    $
    (29,662
    )

    Management fees to related party

    (36,120
    )

    (37,978
    )

    (38,419
    )

    Operating expenses related to real estate owned

    (81,683
    )

    (72,759
    )

    (52,368
    )

    Depreciation and amortization on real estate owned

    (11,668
    )

    (8,248
    )

    (704
    )

    Total operating expenses
     
    $
    (159,120
    )
     
    $
    (148,505
    )
     
    $
    (121,153
    )

    Other income, net
     
    $
    4,498

    $
    4,616

    $
    2,494

    Decrease (increase) in current expected credit loss allowance, net

    (155,784
    )

    (59,428
    )

    17,623

    Foreign currency translation gain (loss)

    (37,476
    )

    52,031

    (116,399
    )

    Gain (loss) on foreign currency forward contracts (includes unrealized gains (losses) of $29,687, ($91,434) and $104,159 in 2024, 2023 and 2022, respectively)

    52,590

    (48,213
    )

    146,981

    Gain (loss) on interest rate hedging instruments (includes unrealized gains (losses) of ($1,373), ($10,098) and $7,692 in 2024, 2023 and 2022, respectively)

    570

    (414
    )

    13,363

    Net realized loss on investments

    (128,191
    )

    (86,604
    )

    18,683

    Gain on extinguishment of debt

    —

    495

    —

    Net income (loss) before taxes
     
    $
    (119,242
    )
     
    $
    58,569

    $
    265,232

    Income tax provision

    (394
    )

    (442
    )

    —

    Net income (loss)
     
    $
    (119,636
    )