Apollo Commercial Real Estate Finance, Inc. Increases Quarterly Dividend to $0.46 Per Share of Common Stock

NEW YORK--()--Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $0.46 per share of common stock, which is payable on January 15, 2016 to common stockholders of record on December 31, 2015. This is the second increase of the quarterly dividend per share of common stock in 2015, resulting in a 15% total dividend increase for the year.

Commenting on the announcement, Stuart Rothstein, Chief Executive Officer and President of the Company, said: “Due to the successful execution of ARI’s business plan in 2015, as well as the continued confidence we have in ARI’s ability to execute in 2016, the Board of Directors increased the Company’s quarterly dividend per share of common stock to $0.46. ARI had a record year in 2015 with respect to capital formation and capital deployment. The resulting growth in the Company’s investment portfolio coupled with efficient capital management has contributed to an increased run rate in Operating Earnings. We are very pleased that we have been able to pass through the benefits of the Company’s success to our shareholders through two common share dividend increases in 2015.”

In addition, the Board of Directors declared a cash dividend on the Company’s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock of $0.5391 per share for the quarterly period ending on January 15, 2016. The preferred dividend is payable on January 15, 2016 to preferred stockholders of record as of December 31, 2015.

About Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a real estate investment trust that primarily originates, invests in, acquires and manages performing commercial real estate first mortgage loans, subordinate financings, commercial mortgage-backed securities 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, LLC, a leading global alternative investment manager with approximately $161.8 billion of assets under management at September 30, 2015.

Additional information can be found on the Company's website at www.apolloreit.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: the return on equity; the yield on investments; the ability to borrow to finance 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.

Contacts

Apollo Commercial Real Estate Finance, Inc.
Hilary Ginsberg, 212-822-0767
Investor Relations

Contacts

Apollo Commercial Real Estate Finance, Inc.
Hilary Ginsberg, 212-822-0767
Investor Relations