Apollo Commercial Real Estate Finance, Inc. Completes $1.9 Billion of Loan Originations in 2024

NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Company originated $782 million of loans in the fourth quarter of 2024, bringing annual loan originations to $1.9 billion for the year.

“ARI completed $1.9 billion of loan originations in 2024, as the Company continues to benefit from the robust origination activity of the broader Apollo real estate credit business,” said Stuart Rothstein, Chief Executive Officer and President of the Company. “ARI believes the new vintage loans will generate attractive levered returns on equity.”

Fourth Quarter Portfolio Activity

New Investments – During the fourth quarter of 2024, ARI originated $782 million of loans ($330 million of which was funded at close).

Add-On Fundings – During the fourth quarter of 2024, ARI funded $97 million for loans previously closed.

Loan Repayments – During the fourth quarter of 2024, ARI received $0.8 billion from loan repayments, bringing total repayments for the year to $2.5 billion. Of the loan repayments, approximately 41% came from loans secured by properties in the United States and 59% came from loans secured by properties in the United Kingdom and Europe and included loans secured by retail, hotel, residential, mixed-use and industrial properties.

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 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 high-growth, global alternative asset manager with approximately $733 billion of assets under management as of September 30, 2024.

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: higher interest rates and inflation; market trends in the Company’s industry, real estate values, the debt securities markets or the general economy; the timing and amounts of expected future fundings of unfunded commitments; 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.