NEW YORK, NY -- (Marketwired) -- 05/21/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced Stuart Rothstein, the Company's Chief Executive Officer, and Megan Gaul, the Company's Chief Financial Officer, are scheduled to present at the Keefe, Bruyette & Woods Mortgage Finance Conference on June 4, 2013 at The Crowne Plaza Times Square Hotel in New York, New York. The ARI presentation is scheduled to begin at 3:00pm ET.
The presentation and...
NEW YORK, NY -- (Marketwired) -- 05/20/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the closing of two mezzanine loan transactions totaling $76 million. ARI provided a $32 million mezzanine loan for the refinancing of a 15-property portfolio of warehouse facilities located throughout the United States. In addition, the Company provided a $44 million mezzanine loan in connection with the purchase of five adjacent commercial buildings in N...
NEW YORK, NY -- (Marketwired) -- 05/08/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced Scott Weiner, the Company's Chief Investment Officer, and Megan Gaul, the Company's Chief Financial Officer, are scheduled to present at the Wells Fargo Securities Specialty Finance Research Conference on May 16, 2013 at The InterContinental Hotel in New York, New York. The ARI presentation is scheduled to begin at 11:00am ET.
The presentation and quest...
NEW YORK, NY -- (Marketwired) -- 05/06/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced Stuart Rothstein, the Company's Chief Executive Officer, is scheduled to present at the Twelfth Annual JMP Securities Research Conference on May 14, 2013 at The Ritz-Carlton in San Francisco, California. The ARI presentation is scheduled to begin at 9:30am PT (12:30pm ET).
The presentation and question and answer period will be broadcast live over the I...
NEW YORK, NY -- (Marketwired) -- 05/01/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today reported financial results for the quarter ended March 31, 2013.
First Quarter 2013 Highlights
Generated $17.1 million of net interest income from the Company's $688 million investment portfolio, which had a current weighted average underwritten internal rate of return ("IRR") of approximately 12.9% and a levered weighted average underwritten IRR o...
NEW YORK, NY -- (Marketwired) -- 04/10/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the Company will hold a conference call to review its first quarter financial results on Thursday, May 2, 2013 at 10:00 a.m. Eastern Time. The Company's first quarter 2013 financial results will be released after the market closes on Wednesday, May 1, 2013. During the conference call, Company officers will review first quarter performance, discuss recent...
NEW YORK, NY -- (MARKETWIRE) -- 03/15/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the Board of Directors has 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 April 15, 2013. The preferred dividend is payable on April 15, 2013 to preferred stockholders of record as of March 28, 2013.
About Apollo Commercial Real Estate Fina...
NEW YORK, NY -- (MARKETWIRE) -- 03/11/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the Company closed an underwritten public offering of 8,805,000 shares of common stock, including the partial exercise of the underwriters' option to purchase additional shares, which resulted in net proceeds of approximately $148.5 million after offering expenses.
The Company intends to use the net proceeds from the offering to acquire the Company's ta...
NEW YORK, NY -- (MARKETWIRE) -- 03/06/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the Company has priced an underwritten public offering of 8,000,000 shares of common stock. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock. The offering is expected to close on March 11, 2013, and is subject to customary closing conditions.
The Co...
NEW YORK, NY -- (MARKETWIRE) -- 03/05/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the Company has commenced an underwritten public offering of 8,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 1,200,000 additional shares of common stock.
ARI intends to use the net proceeds from the offering to acquire the Company's target assets, which include commercial first mortgage l...
NEW YORK, NY -- (MARKETWIRE) -- 03/01/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the record date for the first quarter common share dividend will be March 28, 2013. The Company had previously announced the record date would be March 29, 2013.
On February 28, 2013, the Company announced that ARI's Board of Directors declared a dividend of $0.40 per share of common stock, which is payable on April 12, 2013.
About Apollo Commercial Re...
NEW YORK, NY -- (MARKETWIRE) -- 02/27/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today reported financial results for the quarter and full year ended December 31, 2012.
Fourth Quarter 2012 Highlights
Generated $12.3 million of net interest income from the Company's $669 million investment portfolio, which had a current weighted average underwritten internal rate of return ("IRR") of approximately 12.7% and a levered weighted average u...
NEW YORK, NY -- (MARKETWIRE) -- 02/04/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the closing of two mezzanine financing transactions totaling $43 million. The first investment was an $18 million mezzanine loan secured by a pledge of the equity interests in the owner of two buildings in midtown Manhattan that will be converted into 215 multifamily rental units and the second investment was a $25 million mezzanine loan secured by a pled...
NEW YORK, NY -- (MARKETWIRE) -- 01/30/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the estimated Federal income tax treatment of the Company's 2012 distributions on its common stock (CUSIP #03762U105) and on its 8.625% Series A Cumulative Redeemable Perpetual Preferred stock (CUSIP #03762U402).
The Federal income tax classification of the 2012 distributions on the Company's common stock as it is expected to be reported on Form 1099-DI...
NEW YORK, NY -- (MARKETWIRE) -- 01/28/13 --
Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the Company will hold a conference call to review its fourth quarter and full year 2012 financial results on Thursday, February 28, 2013 at 10:00 a.m. Eastern Time. The Company's fourth quarter and full year 2012 financial results will be released after the market closes on Wednesday, February 27, 2013. During the conference call, Company officers will re...
Jan 11, 2013 (Marketwire via COMTEX) --Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE: ARI) today announced the closing of two financing transactions totaling $140 million in committed capital for two separate New York City residential properties. With these closings, ARI's investment activity over the past twelve months totaled $274 million of committed equity for $324 million of commercial real estate debt investments with a weighted average underwritten internal ra...
