ARI had a great total economic return as they paid the dividend while gaining book value per share. – Seeking Alpha

ARI had a great total economic return as they paid the dividend while gaining book value per share.
Seeking Alpha
The Secret to Apollo Commercial Real Estate (ARI) building book value while peers lost value comes down to two parts. The first is simple and should be obvious. They were holding credit-sensitive assets rather than interest-rate-sensitive assets so the

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