Apollo Commercial Real Estate Finance, Inc. Completes $3.2 Billion of Mortgage Originations in 2021
05 Janvier 2022 - 02:00PM
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
StatementsCertain 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 |
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