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Monday, May 6
More on Apollo Global Management (APO) Q1 earnings: Times are good in P-E. Economic net income...
More on Apollo Global Management (APO) Q1 earnings: Times are good in P-E. Economic net income of $1.89/share vs. $1.10 a year ago. AUM of $114.3B vs. $86.1B a year ago. Management fee revenue of $164.3M up 26% Y/Y. Advisory fee revenue of $47.4M up 74%. Incentive business of $1.116.6B up 79%. $345.2M of realized gains from carried net interest up 130%. Q1 distribution declared of $0.57/share - $0.07 regular and $0.50 from fund realizations. Looking forward to CEO Leon "selling everything that's not nailed down" Black on the CC at 10 ET. (PR)