Overview
US real estate debt REIT's Q1 adjusted EPS missed analyst expectations
Net income per diluted share for Q1 was $0.16
Outlook
Company did not provide specific guidance or forecasts for the current or future quarters in its press release
Result Drivers
NO REALIZED LOSSES - Co said it recorded no realized losses on investments in Q1
Company press release: ID:nGNX5QSg1j
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Distributable Earnings per diluted share of common stock
Miss
$0.22
$0.27 (4 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Apollo Commercial Real Estate Finance Inc is $11.50, about 4% above its April 28 closing price of $11.06
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 10 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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