What to Know About This Fund’s $5.9 Million Apollo Commercial Real Estate Finance Sale

1 day ago 3

Jonathan Ponciano, The Motley Fool

Fri, May 8, 2026 astatine 12:29 PM CDT 4 min read

Waterfall Asset Management afloat exited its presumption successful Apollo Commercial Real Estate Finance (NYSE:ARI) during the archetypal quarter, selling 569,000 shares successful a determination estimated astatine $5.92 cardinal based connected quarterly mean pricing, according to a May 8, 2026, SEC filing.

What happened

According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, Waterfall Asset Management sold its full holding of 569,000 Apollo Commercial Real Estate Finance shares, with the estimated transaction worth totaling $5.92 cardinal based connected the mean closing terms during the archetypal quarter. The money reported nary remaining shares successful ARI astatine 4th end, marking a afloat exit from the position.

What other to cognize

Top 5 holdings pursuing the quarter:
- NYSE:CPT: $12.86 cardinal (11.24% of AUM)
- NYSE:AVB: $12.28 cardinal (10.73% of AUM)
- NYSE:APLE: $10.77 cardinal (9.41% of AUM)
- NYSE:RITM: $9.73 cardinal (8.51% of AUM)
- NYSE:MRP: $9.10 cardinal (7.95% of AUM)
As of May 7, 2026, Apollo Commercial Real Estate Finance shares were priced astatine $10.91, up astir 15% implicit the past year, compared to a 30% summation for the S&P 500.

Company Overview

Metric

Value

Price (as of marketplace adjacent 2026-05-07)	$10.91
Market Capitalization	$1.46 billion
Revenue (TTM)	$263.3 million
Net Income (TTM)	$126.96 million

Company Snapshot

Apollo Commercial Real Estate Finance originates, acquires, and manages commercialized archetypal owe loans, subordinate financings, and different commercialized existent estate-related indebtedness investments successful the United States.
The steadfast operates arsenic a existent property concern spot (REIT), generating income chiefly from involvement connected commercialized existent property indebtedness investments and distributing astatine slightest 90% of taxable income to shareholders.
It targets organization and commercialized borrowers seeking financing for commercialized existent property projects crossed large U.S. markets.

Apollo Commercial Real Estate Finance, Inc. is simply a publically traded owe REIT focused connected originating and investing successful commercialized existent property debt. Apollo Commercial Real Estate Finance, Inc. originates, acquires, invests in, and manages commercialized archetypal owe loans, subordinate financings, and different commercialized existent estate-related indebtedness investments successful the United States. Apollo Commercial Real Estate Finance, Inc. manages a portfolio of commercialized archetypal owe loans, subordinate financings, and different commercialized existent estate-related indebtedness investments successful the United States.

What this transaction means for investors

Apollo Commercial Real Estate Finance continues to make currency flow, but maturation has been comparatively muted, making this look similar immoderate portfolio cleanup successful a portion of the marketplace that inactive carries existent uncertainty. In first-quarter results released past week, the institution reported nett income of $0.16 per diluted stock and distributable net of $0.22 per share. As a owe REIT, ARI depends heavy connected dispersed income from commercialized existent property loans, making show intimately tied to financing conditions and spot marketplace health.

The broader discourse matters too. While ARI shares gained astir 15% implicit the past year, they inactive severely trailed the S&P 500’s astir 30% return. Meanwhile, Waterfall’s remaining apical holdings thin much toward flat REITs and residential-linked names similar Camden Property Trust and AvalonBay, suggesting the steadfast whitethorn simply similar spot sectors with cleaner fundamentals close now.

Ultimately, commercialized existent property indebtedness has stabilized from its worst levels, but plentifulness of investors stay cautious astir bureau exposure, refinancing risk, and whether higher rates volition support pressuring spot values longer than expected.

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