Financial reports / Apollo Realty Income Solutions, Inc. | Tables in SEC filings

Apollo Realty Income Solutions, Inc.

Quarterly report

(in thousands)

	Nine Months Ended September 30, 2024		Nine Months Ended September 30, 2023
Cash flows from operating activities
Net income	$	34,495	$	9,017
Adjustments to reconcile net income to net cash provided by operating activities:
Management fee		5,437		2,139
Performance participation allocation		347		358
Depreciation and amortization		6,375		1,200
Straight line rent amortization		(1,570)		(1,060)
Above- and below- market lease amortization, net		(514)		(37)
Amortization of discount/premium		(156)		(135)
Amortization of deferred financing costs		707		—
Amortization of restricted stock awards		75		50
Unrealized (gain)/loss on fair value of investments in real estate debt		(152)		(343)
Realized gain on repayments of real-estate related securities		(71)		—
Changes in assets and liabilities:
Other assets		(2,037)		(1,995)
Due to affiliates		444		4,269
Other liabilities		2,887		248
Net cash provided by operating activities		46,267		13,711
Cash flows from investing activities:
Acquisitions of real estate		(107,241)		(101,599)
Capital improvements to real estate		(64)		(621)
Origination and acquisition of commercial mortgage and mezzanine loans		(210,356)		(178,198)
Purchase of real estate-related securities		(8,978)		(16,845)
Add-on fundings of commercial mortgage loans		(184,821)		(25,097)
Repayments from real estate-related securities		3,950		17
Net cash used in investing activities		(507,510)		(322,343)
Cash flows from financing activities:
Borrowings from secured debt arrangements		188,775		—
Payment of deferred financing costs		(177)		—
Proceeds from issuance of common stock		344,009		301,765
Proceeds from issuance of preferred equity		125		—
Distributions paid		(18,690)		(3,758)
Distributions to non-controlling preferred stockholders		(7)		—
Repurchase of common stock		(4,871)		(151)
Offering costs paid		(845)		(18)
Net cash provided by financing activities		508,319		297,838
Net change in cash, cash equivalents and restricted cash		47,076		(10,794)
Cash, cash equivalents and restricted cash, beginning of period		95,205		131,589
Cash, cash equivalents and restricted cash, end of period	$	142,281	$	120,795

	Common Stock
	Shares		Amount		Additional Paid-In Capital		Retained Earnings (Accumulated Deficit)		Total Stockholders' Equity		Non-Controlling Interest		Total Equity		Redeemable non-controlling interest
Balance at December 31, 2023		21,943	$	220	$	438,432	$	2,681	$	441,333	$	101,543	$	542,876	$	967
Common stock issued		16,717		167		348,184		—		348,351		—		348,351		1,385
Preferred equity issued		—		—		—		—		—		125		125		—
Amortization of restricted stock grants		—		—		75		—		75		—		75		—
Offering costs		—		—		(1,003)		—		(1,003)		—		(1,003)		—
Distribution reinvestments		197		2		4,145		—		4,147		4,037		8,184		84
Net income		—		—		—		29,361		29,361		5,025		34,386		109
Share class transfer		(45)		—		—		—		—		—		—		—
Repurchase of common stock		(249)		(2)		(5,186)		—		(5,188)		—		(5,188)		—
Distributions to non-controlling interests in the Operating Partnership		—		—		—		—		—		(4,180)		(4,180)		(94)
Distributions to non-controlling preferred stockholders		—		—		—		—		—		(7)		(7)		—
Distributions declared on common stock		—		—		—		(24,969)		(24,969)		—		(24,969)		—
Allocation to redeemable non-controlling interest		—		—		(22)		—		(22)		—		(22)		22
Balance at September 30, 2024		38,563	$	387	$	784,625	$	7,073	$	792,085	$	106,543	$	898,628	$	2,473

	Class S Shares	Class D Shares	Class I Shares		Class F-S Shares	Class F-D Shares	Class F-I Shares		Class A-I Shares		Class A-II Shares		Class A-III Shares
Selling commissions and dealer manager fees (% of transaction price)	up to 3.5%	up to 1.5%		—	up to 3.5%	up to 1.5%		—		—		—		—
Stockholder servicing fee (% of NAV)	0.85%	0.25%		—	0.85%	0.25%		—		—		—		—

	September 30, 2024
Type of Investment in Real Estate Debt	Number of Positions	Weighted Average Coupon (1)			Weighted Average Maturity Date (2)	Face Amount		Cost Basis		Fair Value
Commercial mortgage loan	18		8.5	%	May 2028	$	585,545	$	585,501	$	585,545
Mezzanine loan	2		10.6	%	April 2028		112,500		112,500		112,500
Real estate-related securities	16		6.7	%	July 2038		30,727		30,412		30,727
Total investments in real estate debt:	36		8.7	%	October 2028	$	728,772	$	728,413	$	728,772

	September 30, 2024					December 31, 2023
Geographic Location	Fair Value		% of Portfolio			Fair Value		% of Portfolio
Northeast		256,310		36.7	%		169,829		56.1	%
West		186,270		26.7	%		32,841		10.8	%
Mid-Atlantic		109,590		15.7	%		44,166		14.6	%
Midwest		69,840		10.0	%		10,050		3.3	%
Southwest		50,217		7.2	%		18,400		6.1	%
Southeast		25,818		3.7	%		27,582		9.1	%
Total	$	698,045		100.0	%	$	302,868		100.0	%

Table search / Financial reports / Apollo Realty Income Solutions, Inc.

202 results

Top filers

Top filing types

Recent filing years