Press Release
January 08, 2020

Apollo Commercial Real Estate Finance, Inc. Completes $4.2 Billion of Transactions in 2019

Apollo Commercial Real Estate Finance, Inc. Completes $4.2 Billion of Transactions in 2019

NEW YORK, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Company committed to $4.2 billion of new investments in 2019, nearly a 42% increase over 2018 loan commitments.

“ARI had an extremely successful year for originations in 2019, committing to over $4.2 billion of commercial real estate loans secured by institutional quality properties throughout the United States and Western Europe,” said Stuart Rothstein, Chief Executive Officer and President of ARI. “Our European loan originations were particularly strong in 2019, a testament to Apollo Global Management’s broad presence in the European real estate market and the London-based commercial real estate debt team, who has done an excellent job establishing a reputation as a reliable, creative and highly regarded capital provider. We completed transactions in new markets in 2019, including Spain, Italy and Germany and our average loan size increased from $89.5 million in 2018 to $115.8 million for this year.”

Fourth Quarter Portfolio Activity
New Investments – During the fourth quarter of 2019, ARI committed capital of $2.2 billion of first mortgage loans ($1.2 billion of which were funded during the quarter).

Funding of Previously Closed Loans – During the fourth quarter of 2019, ARI funded $143.3 million for loans closed prior to the quarter.

Loan Repayments – During the fourth quarter of 2019, ARI received $1.2 billion from loan repayments, including $875.3 million from first mortgage loans and $318.6 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, Inc., a leading global alternative investment manager with approximately $323 billion of assets under management at September 30, 2019.

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

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Source: Apollo Commercial Real Estate Finance, Inc.