Apollo Commercial Real Estate Finance, Inc. Completes $3.2 Billion of Mortgage Originations in 2021

Rhea-AI Summary

Apollo Commercial Real Estate Finance, Inc. (ARI) announced a robust commitment of $1.7 billion in mortgages in Q4 2021, culminating in annual loan originations of $3.2 billion. CEO Stuart Rothstein highlighted the company’s strong performance, driven by the Apollo brand's global presence and a diverse array of capital solutions. In Q4 alone, ARI funded $1.3 billion in new loans and received $0.9 billion in loan repayments, reflecting a strong portfolio activity. The company is positioned for growth in 2022 with a solid pipeline of new investment opportunities.

Positive

• Originated $3.2 billion in mortgages for 2021, showing strong market engagement.
• Fourth quarter 2021 was ARI's most active, with $1.7 billion in new mortgages.
• Diverse origination activity expanded into new markets and property types.

Negative

• None.

NEW YORK, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Company committed to $1.7 billion of mortgages in the fourth quarter of 2021, bringing annual loan originations to $3.2 billion for the year.

“ARI originated over $3.2 billion of mortgages in 2021, capitalizing on the strength of Apollo’s global brand in the commercial real estate lending market,” said Stuart Rothstein, Chief Executive Officer and President of the Company. “The fourth quarter was our most active of the year and we are carrying that momentum into 2022 with a robust pipeline. ARI’s origination activity expanded into several new markets and property types in 2021, demonstrating the breadth of Apollo’s platform. Our ability to offer creative, flexible capital solutions as well as certainty of execution to our borrowers enables ARI to originate investments that generate attractive, risk adjusted returns for our stockholders.”

Fourth Quarter Portfolio Activity
New Investments – During the fourth quarter of 2021, ARI originated $1.7 billion of mortgages ($1.3 billion of which were funded during the quarter).

Funding of Previously Closed Loans – During the fourth quarter of 2021, ARI funded $145.0 million for loans closed prior to the quarter.

Loan Repayments – During the fourth quarter of 2021, ARI received $0.9 billion from loan repayments.

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 $481 billion of assets under management at September 30, 2021.

Additional information can be found on the Company's website at www.apolloreit.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: macro- and micro-economic impact of the COVID-19 pandemic; the severity and duration of the COVID-19 pandemic; actions taken by governmental authorities to contain the COVID-19 pandemic or treat its impact; the impact of the COVID-19 pandemic on the Company’s financial condition, results of operations, liquidity and capital resources; market trends in the Company’s industry, interest rates, 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

What were Apollo Commercial Real Estate Finance's loan originations in 2021?

ARI originated $3.2 billion in mortgages for the year 2021.

How much did ARI commit to mortgages in the fourth quarter of 2021?

In Q4 2021, ARI committed to $1.7 billion of mortgages.

What was the funding amount for new loans in Q4 2021 for ARI?

ARI funded $1.3 billion in new loans during the fourth quarter of 2021.

What is the significance of Apollo's brand for ARI?

Apollo's global brand strength contributes significantly to ARI's performance in the commercial real estate lending market.

How much did ARI receive from loan repayments in Q4 2021?

ARI received $0.9 billion from loan repayments during the fourth quarter of 2021.