Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET

Company Participants

Stuart Rothstein – President and Chief Executive Officer
Anastasia Mironova – Chief Financial Officer
Scott Weiner – Chief Investment Officer

Conference Call Participants

Doug Harter – UBS
Rick Shane – JPMorgan
Stephen Laws – Raymond James
Harsh Hemnani – Green Street
Jade Rahmani – KBW
John Nickodemus – BTIG

Operator

I'd like to remind everyone that today's call and webcasts are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited. Information about the audio replay of this call is available in our earnings press release. I’d also like to call your attention to the customary safe harbor disclosure in our press release regarding forward-looking statements. Today’s conference call and webcast may include forward-looking statements and projections, and we ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from these statements and projections.

In addition, we will be discussing certain non-GAAP measures on this call, which management believes are relevant to assessing the company’s financial performance. These measures are reconciled to GAAP figures in our earnings presentation, which is available in the Stockholders section of our website. We do not undertake any obligation to update our forward-looking statements or projections unless required by law. To obtain copies of our latest SEC filings, please visit our website at www.apollocref.com or call us at (212) 515-3200.

At this time, I’d like to turn the call over to the company’s Chief Executive Officer, Stuart Rothstein.

Stuart Rothstein

Thank you, operator, and good morning, and thank you to those of you joining us on the Apollo Commercial Real Estate Finance Third Quarter 2024 Earnings Call. I am joined by Scott Weiner, our Chief Investment Officer; and Anastasia Mironova, our Chief Financial Officer.

Before I speak about ARI's results this quarter, I wanted to provide a brief market update and reiterate where we have been focusing our efforts with respect to ARI. Overall, the real estate market is showing signs of renewal with the benefit of the recent Fed interest rate cut leading to increased transaction volume and the continued strength of the economy providing additional confidence to investors which is being reflected in the marketplace.