Press Release
January 08, 2019

Apollo Commercial Real Estate Finance, Inc. Completes $3.0 Billion of Transactions in 2018

Apollo Commercial Real Estate Finance, Inc. Completes $3.0 Billion of Transactions in 2018

NEW YORK, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced ARI committed to $3.0 billion of new investments in 2018, nearly a 50% increase over 2017 loan commitments. 

“ARI committed to $3.0 billion of commercial real estate loans secured by institutional quality properties throughout the United States and the United Kingdom in 2018, a record year for the Company,” said Stuart Rothstein, Chief Executive Officer and President of ARI.  “As a result, ARI ended the year with a predominately floating-rate loan portfolio, totaling approximately $4.9 billion.  As we near our 10-year anniversary as a public company, we believe ARI has cemented its reputation as a creative, reliable capital source. During 2018, we diversified into new markets in the U.S., including San Francisco and Seattle, and expanded our presence in London.  In addition, through active capital management throughout the year, we strengthened ARI’s balance sheet and diversified its sources of capital.  As we enter 2019, we believe ARI is well positioned for continued execution of the Company’s business plan.”

Fourth Quarter Portfolio Activity
New Investments – During the fourth quarter of 2018, ARI committed capital to the following commercial real estate debt investments:

  • $744.0 million of first mortgage loans ($440.3 million of which were funded during the quarter); and
  • $52.8 million subordinate loan ($11.7 million of which was funded during the quarter).

Funding of Previously Closed Loans – During the fourth quarter of 2018, ARI funded $133.7 million for loans closed prior to the quarter.

Loan Repayments – During the fourth quarter of 2018, ARI received $464.8 million from loan repayments, including $318.3 million from first mortgage loans and $146.5 million from subordinate loans. 

About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial real estate first mortgage loans, subordinate financings and other commercial real estate-related debt investments.  The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC, a leading global alternative investment manager with approximately $270 billion of assets under management at September 30, 2018.   

Additional information can be found on the Company's website at

Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include information about possible or assumed future results of the Company's business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Hilary Ginsberg
Investor Relations 
(212) 822-0767

Source: Apollo Commercial Real Estate Finance, Inc.