The Real Deal Miami

Apollo sees fourth-quarter growth

March 02, 2011 05:34PM

Apollo Commercial Real Estate Finance posted a 22 cent per share earning in fourth-quarter 2010, the company announced today, a decided improvement over the same time period a year earlier, when share values dropped by 20 cents each. Shares were valued at $16.97 each at the end of the quarter. The company purchased $107.54 million in commercial mortgage-backed securities in the fourth quarter, investing $15.64 million of its own equity and receiving $91.9 million in financing from Wells Fargo. TRD