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ARI| Name | Value |
|---|---|
| Revenues | 87.6M |
| Cost of Revenue | 0.5M |
| Gross Profit | 87.1M |
| Operating Expense | 7.0M |
| Operating I/L | -8.0M |
| Other Income/Expense | -3.3M |
| Interest Income | 175.9M |
| Pretax | 48.9M |
| Income Tax Expense | 56.0M |
| Net Income/Loss | -7.0M |
Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) in the United States. It specializes in originating, acquiring, and managing commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments. As a REIT, the company benefits from tax advantages by distributing at least 90% of its REIT taxable income to stockholders. This structure allows the company to generate revenue through interest income from its real estate debt investments, providing a steady income stream for its operations and shareholders.
