Jade Rahmani's questions to Apollo Commercial Real Estate Finance Inc (ARI) leadership • Q2 2025
Question
In a follow-up, Jade Rahmani of Keefe, Bruyette & Woods (KBW) questioned the dividend policy, asking about potential impediments to an increase and the plan to continue paying out most earnings. He also asked for the thesis behind the company's focus on seniors housing.
Answer
President, CEO & Director Stuart Rothstein stated there are no material NOLs to prevent a dividend increase with rising earnings and that the policy remains to distribute most earnings to investors. Chief Investment Officer Scott Weiner explained the seniors housing thesis is driven by a supply-demand imbalance and favorable demographics, with a focus on newer, private-pay properties.