Apollo Commercial Real Estate Finance, Inc. Completes $1.9 Billion of Loan Originations in 2024
Rhea-AI Summary
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.
Positive
- 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
Negative
- Loan repayments ($2.5B) exceeded new originations ($1.9B) in 2024
News Market Reaction – ARI
In the trading session that priced this news, ARI gained 0.47%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 |
