Apollo Residential Mortgage, In
AMTG
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- United States of America
- IPO Date
- Jul 21, 2011
- CIK
- 0001515980
- Similar Companies
- Business
- Apollo Residential Mortgage, Inc. (AMTG) operates as a real estate investment trust (REIT) that primarily invests in, finances, and manages residential mortgage-backed securities (RMBS), including Agency RMBS and non-Agency RMBS, as well as residential mortgage loans and other residential mortgage assets throughout the United States. The company focuses on portfolios comprising fixed-rate mortgages, adjustable-rate mortgages (ARMs), and Alt-A loans that do not conform to standard Agency underwriting guidelines; it is externally managed and advised by ARM Manager, LLC, an indirect subsidiary of Apollo Global Management, LLC. Founded in 2011 with headquarters in New York, New York, AMTG targets risk-adjusted returns for stockholders through dividend distributions and capital appreciation via opportunistic investments in the U.S. residential mortgage market. In a major strategic development, AMTG was acquired by Apollo Commercial Real Estate Finance, Inc. (ARI) on August 31, 2016, pursuant to a definitive merger agreement announced on February 26, 2016, valuing AMTG at approximately $14.59 per share based on ARI's closing price at the time. The transaction provided AMTG common stockholders with 0.417571 shares of ARI common stock and $6.86 in cash per AMTG share, reflecting AMTG's book value per share of $15.52 on the pricing date; stockholder approval was obtained on August 24, 2016. Post-acquisition, AMTG ceased independent operations as a standalone publicly traded entity (ticker: AMTG is now defunct), with its residential mortgage assets integrated into ARI's broader commercial real estate finance platform, which originates senior mortgages, mezzanine loans, and related debt investments across the U.S. and Europe. No significant operational changes, new product launches, funding rounds, or partnerships have been reported for AMTG since the 2016 merger.