Apollo Commercial Real Estate Finance, Inc. Completes $1.9 Billion of Loan Originations in 2024
Apollo Commercial Real Estate Finance (ARI) reported significant loan origination activity for 2024, completing $1.9 billion in total loan originations. In the fourth quarter alone, the company originated $782 million of loans, with $330 million funded at closing.
The company also reported substantial loan repayment activity, receiving $0.8 billion in the fourth quarter and $2.5 billion for the full year. The repayments were geographically diverse, with 41% from U.S. properties and 59% from UK and European properties, spanning retail, hotel, residential, mixed-use, and industrial sectors.
Additionally, ARI funded $97 million in add-on fundings for previously closed loans during Q4 2024. CEO Stuart Rothstein expressed confidence that the new vintage loans will generate attractive levered returns on equity.
Apollo Commercial Real Estate Finance (ARI) ha riportato un'attività significativa di origine prestiti per il 2024, completando un totale di 1,9 miliardi di dollari in prestiti originati. Solo nel quarto trimestre, l'azienda ha originato 782 milioni di dollari di prestiti, con 330 milioni di dollari finanziati al momento della chiusura.
L'azienda ha anche riportato un'attività sostanziale di rimborso prestiti, ricevendo 0,8 miliardi di dollari nel quarto trimestre e 2,5 miliardi di dollari per l'intero anno. I rimborsi sono stati geograficamente diversi, con il 41% proveniente da proprietà statunitensi e il 59% da proprietà del Regno Unito e dell'Europa, coprendo settori come retail, hotel, residenziale, uso misto e industriale.
Inoltre, ARI ha finanziato 97 milioni di dollari in finanziamenti aggiuntivi per prestiti già chiusi durante il quarto trimestre del 2024. Il CEO Stuart Rothstein ha espresso fiducia che i nuovi prestiti genereranno interessanti ritorni a leva sugli equity.
Apollo Commercial Real Estate Finance (ARI) reportó una actividad significativa en la originación de préstamos para 2024, completando un total de 1.9 mil millones de dólares en préstamos originados. Solo en el cuarto trimestre, la empresa originó 782 millones de dólares en préstamos, con 330 millones de dólares financiados al cierre.
La empresa también informó de una actividad sustancial en el reembolso de préstamos, recibiendo 0.8 mil millones de dólares en el cuarto trimestre y 2.5 mil millones de dólares durante todo el año. Los reembolsos fueron geográficamente diversos, con un 41% proveniente de propiedades en EE.UU. y un 59% de propiedades en el Reino Unido y Europa, abarcando sectores como comercio minorista, hoteles, residencial, uso mixto e industrial.
Además, ARI financió 97 millones de dólares en financiamientos adicionales para préstamos previamente cerrados durante el cuarto trimestre de 2024. El CEO Stuart Rothstein expresó su confianza en que los nuevos préstamos generarán atractivos retornos apalancados sobre el capital.
아폴로 상업용 부동산 금융(Apollo Commercial Real Estate Finance, ARI)는 2024년에 상당한 대출 원가 활동을 보고하며 총 19억 달러의 대출을 완료했다고 밝혔습니다. 4분기 동안에만 회사는 7억 8천만 달러의 대출을 원가했으며, 3억 3천만 달러가 마감 시에 자금 조달되었습니다.
회사는 또한 대출 상환 활동이 상당함을 보고하며, 4분기에 8억 달러의 상환을 받았고, 연간 총 25억 달러를 상환받았습니다. 상환은 지리적으로 다양했으며, 41%는 미국의 자산에서, 59%는 영국과 유럽의 자산에서 발생했으며, 소매, 호텔, 주거, 혼합용도 및 산업 부문을 포함했습니다.
또한, ARI는 2024년 4분기 중에 이전에 마감된 대출에 대한 추가 자금 조달로 9천7백만 달러를 조달했습니다. CEO 스튜어트 롯스타인이 새로운 대출이 자본에 대해 매력적인 레버리지 수익을 생성할 것이라고 확신한다고 표현했습니다.
Apollo Commercial Real Estate Finance (ARI) a déclaré une activité significative dans l'origine des prêts pour 2024, avec un total de 1,9 milliard de dollars en prêts originés. Rien que pour le quatrième trimestre, l'entreprise a originé 782 millions de dollars de prêts, avec 330 millions de dollars financés lors de la clôture.
L'entreprise a également signalé une activité substantielle de remboursement de prêts, recevant 0,8 milliard de dollars au quatrième trimestre et 2,5 milliards de dollars pour l'année complète. Les remboursements étaient géographiquement diversifiés, avec 41% provenant de propriétés aux États-Unis et 59% de propriétés au Royaume-Uni et en Europe, englobant les secteurs de la vente au détail, des hôtels, du résidentiel, à usage mixte et industriel.
De plus, ARI a financé 97 millions de dollars en financements supplémentaires pour des prêts précédemment clôturés au cours du quatrième trimestre de 2024. Le PDG Stuart Rothstein a exprimé sa confiance quant au fait que les nouveaux prêts généreront des rendements attractifs sur les capitaux propres.
Apollo Commercial Real Estate Finance (ARI) berichtete über eine erhebliche Aktivität bei der Kreditvergabe für 2024 und schloss insgesamt 1,9 Milliarden Dollar an Kreditvergaben ab. Allein im vierten Quartal hat das Unternehmen 782 Millionen Dollar an Krediten vergeben, wobei 330 Millionen Dollar bei Abschluss finanziert wurden.
Das Unternehmen berichtete auch über erhebliche Aktivitäten bei der Kreditrückzahlung und erhielt im vierten Quartal 0,8 Milliarden Dollar und insgesamt 2,5 Milliarden Dollar im gesamten Jahr. Die Rückzahlungen wurden geografisch diversifiziert, wobei 41% aus US-Immobilien und 59% aus britischen und europäischen Immobilien stammten, die Einzelhandel, Hotels, Wohnimmobilien, gemischte Nutzung und Industrie abdeckten.
Darüber hinaus finanzierte ARI im vierten Quartal 2024 97 Millionen Dollar in Nachfinanzierungen für zuvor geschlossene Kredite. CEO Stuart Rothstein äußerte das Vertrauen, dass die neuen Kredite attraktive Hebelrenditen auf das Eigenkapital generieren werden.
- Strong loan origination volume of $1.9 billion in 2024
- Significant Q4 originations of $782 million
- Healthy loan repayment activity of $2.5 billion for the year
- Geographic diversification in loan portfolio across US, UK, and Europe
- Loan repayments ($2.5B) exceeded new originations ($1.9B) in 2024
Insights
The
The geographical distribution of repayments, with
The net repayment position (
The transaction volumes indicate ARI is effectively leveraging its relationship with Apollo's broader real estate platform to source deals. The strategic focus on "new vintage loans" suggests potential yield enhancement, as current market conditions typically command higher spreads than legacy loans.
The
The substantial repayment activity provides ARI with significant capital recycling opportunities, allowing for portfolio optimization in a dynamic market environment. This flexibility is particularly valuable given current market uncertainties and evolving real estate fundamentals.
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Company originated
“ARI completed
Fourth Quarter Portfolio Activity
New Investments – During the fourth quarter of 2024, ARI originated
Add-On Fundings – During the fourth quarter of 2024, ARI funded
Loan Repayments – During the fourth quarter of 2024, ARI received
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
Additional information can be found on the Company's website at www.apollocref.com.
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.
| CONTACT: | Hilary Ginsberg | |
| Investor Relations | ||
| (212) 822-0767 |
FAQ
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