Real Estate SegmentApollo’s real estate segment had an economic net loss of $2.1 million for the fourth quarter of 2012, compared to a $15.4 million loss for the fourth quarter of 2011. Total revenues for the real estate segment during the fourth quarter of 2012 were $16.6 million, an increase of $5.6 million or 51% compared to $11.0 million for the same period in 2011. The increase in revenues during the fourth quarter of 2012 was largely due to a $4.4 million increase in total carried interest income. As of December 31, 2012, Apollo’s real estate AUM was $8.8 billion, compared to $8.0 billion at December 31, 2011.
Apollo Global Management, LLC Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2012
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