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*Apollo Commercial Real Estate Finance Reports Strong 2024 Performance**

    February 10, 2025 - New York

    Apollo Commercial Real Estate Finance, Inc. (ARI) today announced its financial results for the quarter and year ended December 31, 2024. The company reported a net income of $0.27 per diluted share for Q4 2024 and a net loss of ($0.97) per diluted share for the full year.

    **Key Highlights**

    * ARI successfully redeployed $2.5 billion in loan repayments into new, attractively priced loans

    * Distributable Earnings, a non-GAAP financial measure, were $0.32 per diluted share for Q4 2024 and $1.33 for the full year

    * The company's Chief Executive Officer, Stuart Rothstein, attributed ARI's strong performance to the strength of Apollo's real estate credit origination capabilities

    **Conference Call and Webcast**

    ARI will hold a conference call on February 11, 2025 at 10am ET to review its fourth quarter and year-end results. The call can be accessed by registering online or dialing in using the provided link.

    **Distributable Earnings**

    Distributable Earnings is a non-GAAP financial measure that adjusts net income available to common stockholders for certain items, including equity-based compensation expense and unrealized gains or losses on investments. ARI believes this measure provides investors with a useful tool for evaluating its operating results and dividend per share.

    **Forward-Looking Statements**

    Certain statements in this press release constitute forward-looking statements, which are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. For more information on these risks and uncertainties, please see the company's filings with the Securities and Exchange Commission.

    **About Apollo Commercial Real Estate Finance**

    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 by ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, Inc.

    **FAQ**

    * Q: What was ARI's net income per share for Q4 2024?

    A: $0.27

    * Q: How much in loan repayments did ARI receive in 2024?

    A: $2.5 billion

    * Q: What was ARI's full-year net loss per share in 2024?

    A: ($0.97)

    * Q: What were ARI's Distributable Earnings per share for Q4 2024?

    A: $0.32

    * Q: What significant asset sales did ARI complete in 2024?

    A: Sale of a commercial mortgage loan secured by a hotel in Honolulu and extinguishment of a loan secured by eight hospitals in Massachusetts