Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q3 2023 Earnings Call Transcript

Jade Rahmani: Turning to ARI. Something I’ve been tracking closely as cash flow from operations and ARI has very strong results, both in the quarter as well as year-to-date relative to the dividend, there’s significant coverage. Do you think that has implications for 2024 and the sustainability of the dividend, or would you hold off on making that conclusion?

Scott Weiner: I mean, I think at this point, as we’ve indicated, we’re obviously very comfortable with the dividend for this year, I would say, given our initial forecasting for next year, the goal is to always to keep the dividend at a level that is consistent from quarter to quarter and covered by earnings. We will continue to forecast for next year, but sitting here today, we’re certainly expecting a general level of consistency for the dividend.

Jade Rahmani: Thank you for taking the questions.

Operator: Thank you. I’d now like to turn the call back over to Stuart Rothstein for any closing remarks.

Stuart A. Rothstein: Thank you, operator, and thanks to those of you that participated this morning.

Operator: Thank you. This concludes today’s conference call. Thank you for participating. You may now disconnect.