Net income available to common stockholders per diluted share of common stock was $0.18 and $0.81 for the quarter and year ended December 31, 2025, respectively. Distributable Earnings (a non-GAAP financial measure defined below), and Distributable Earnings prior to realized loss on investments and realized gain on litigation settlement per diluted share of common stock were $0.26 and $0.26 for the quarter ended December 31, 2025, respectively and $0.98 and $1.05 for the year ended December 31, 2025, respectively.
ARI issued a detailed presentation of the Company's quarter and year ended December 31, 2025 results, which can be viewed at www.apollocref.com.
Conference Call and WebcastThe Company will hold a conference call to review fourth quarter and full year 2025 results on February 11, 2026 at 10am ET. To register for the call, please use the following link:
https://register-conf.media-server.com/register/BI38479ef1e3ec49b4b441a21cb7cb9b63
After you register, you will receive a dial-in number and unique pin. The Company will also post a link in the Stockholders' section on ARI's website for a live webcast. For those unable to listen to the live call or webcast, there will be a webcast replay link posted in the Stockholders' section on ARI's website approximately two hours after the call.
Distributable Earnings"Distributable Earnings," a non-GAAP financial measure, is defined as net income available to common stockholders, computed in accordance with GAAP, adjusted for (i) equity-based compensation expense (a portion of which may become cash-based upon final vesting and settlement of awards should the holder elect net share settlement to satisfy income tax withholding), (ii) any unrealized gains or losses or other non-cash items (including depreciation and amortization related to real estate owned) included in net income available to common stockholders, (iii) unrealized income from unconsolidated joint ventures, (iv) foreign currency gains (losses), other than (a) realized gains/(losses) related to interest income, and (b) forward point gains/(losses) realized on the Company's foreign currency hedges, and (v) provision for current expected credit losses.
As a REIT, U.S. federal income tax law generally requires the Company to distribute annually at least 90% of its REIT taxable ...
