CORRECTION - Apollo Commercial Real Estate Finance, Inc. Reports First Quarter 2020 Results

NEW YORK, May 07, 2020 (GLOBE NEWSWIRE) -- In a release under the same headline issued earlier today by Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI), please note that in the fifth paragraph, the time of the earnings teleconference call has been corrected to 9:00 a.m. on Friday, May 8, 2020, not 10:00 a.m. as previously stated. The corrected release follows:

Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today reported results for the quarter ended March 31, 2020. 

First quarter 2020 net loss per share of common stock was $0.86 and Operating Earnings (a non-GAAP financial measure defined below) per share of common stock was $0.40. 

“I am extremely proud of the hard work, perseverance and dedication of the team at our Manager, ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, Inc. (together with its subsidiaries “Apollo”), that supports ARI, as we navigate and manage through the COVID-19 pandemic,” said Stuart Rothstein, Chief Executive Officer and President of the Company. “ARI ended the quarter with over $590 million of liquidity and continues to benefit from the tremendous breadth and resources it derives from the Apollo platform.”

ARI issued a detailed presentation of the Company’s quarter ended March 31, 2020 results, which can be viewed at www.apolloreit.com.

Conference Call and Webcast:
Members of the public who are interested in participating in the Company’s first quarter 2020 earnings teleconference call should dial from the U.S., [phone], or from outside the U.S., [phone], shortly before 9:00 a.m. on Friday, May 8, 2020 and reference the Apollo Commercial Real Estate Finance, Inc. Teleconference Call (number 3839797). Please note the teleconference call will be available for replay beginning at 1:00 p.m. on Friday, May 8, 2020 and ending at midnight on Friday, May 15, 2020. To access the replay, callers from the U.S. should dial [phone] and callers from outside the U.S. should dial [phone], and enter conference identification number 3839797. The conference call will also be available on the Company's website at www.apolloreit.com. To listen to a live broadcast, please go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 30 days on the Company's website.