NEW YORK (AP) _ Apollo Commercial Real Estate Finance (ARI) on Monday reported third-quarter net income of $49.3 million.
On a per-share basis, the New York-based company said it had profit of 31 cents. Earnings, adjusted for one-time gains and costs, were 36 cents per share.
The real estate investment trust posted revenue of $68.6 million in the period.
Apollo Commerical Finance shares have declined 53% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.66, a decline of 53% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARI at https://www.zacks.com/ap/ARI
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