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Post# of 113995
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researcher59

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Re: OBrien post# 74529

Thursday, 07/23/2020 10:24:24 AM

Thursday, July 23, 2020 10:24:24 AM

Post# of 113995
ARI (9.55) is another commercial REIT that I own in addition to GPMT. It's much less leveraged at 1.6 debt/equity and declared a $0.35 quarterly dividend on 6/16 for a hefty yield of 14.7%.

For the month of April, 99% of interest payments were collected. They do have significant exposure in NYC (36%), so that's a potential negative.

It's currently trading at a 34% discount to book value of 14.52 after the CECL adjustment.

I look forward to seeing the Q2 earnings report due out on 7/30.

For more details check out their Q2 investor presentation -

https://www.apolloreit.com/~/media/Files/A/Apollo-Reit/documents/1q2020/first-quarter-2020-earnings-supplemental.pdf
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