Apollo Commercial Real Estate Finance, Inc. Reports Second Quarter 2020 Results

NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today reported results for the quarter and six months ended June 30, 2020. 

Second quarter 2020 net income per share of common stock was $0.36 and Operating Earnings (a non-GAAP financial measure defined below) was ($0.07) per share of common stock, and Operating Earnings excluding realized loss on investments and interest rate swap (described below) was $0.38 per share of common stock. 

“ARI had another quarter of solid operations, as the Company reported strong earnings, declared a dividend per share of common stock of $0.35 and preserved excess liquidity, ending the quarter with over $487 million of cash,” said Stuart Rothstein, Chief Executive Officer and President of ARI.  “I remain extremely proud of the team at Apollo Global Management that supports ARI, as we continue to navigate the ongoing market volatility from the COVID-19 pandemic.”

ARI issued a detailed presentation of the Company’s quarter and six months ended June 30, 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 second quarter 2020 earnings teleconference call should dial from the U.S., [phone], or from outside the U.S., [phone], shortly before 10:00 a.m. on Friday, July 31, 2020 and reference the Apollo Commercial Real Estate Finance, Inc. Teleconference Call (number 3195528). Please note the teleconference call will be available for replay beginning at 1:00 p.m. on Friday, July 31, 2020 and ending at midnight on Friday, August 7, 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 3195528.  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.