Apollo Commercial Real Estate originates $3.7B of mortgages in 2022

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  • Apollo Commercial Real Estate Finance (NYSE:ARI) “had a strong year of loan originations,” said CEO and President Stuart Rothstein. The mortgage REIT completed $3.7B of new loan originations for the year, up from $3.2B in 2021.
  • During Q4, the company originated $243.1M of mortgages, $229.1M of which were funded. It funded $148.4M for loans closed during prior quarters.
  • Much of 2022’s new loan originations were funded by more than $2.2B in loan repayments, Rothstein noted. ARI received $0.7B from loan repayments, of which ~91% came from loans secured by properties in the U.S. and 9% came from loans secured by properties in the U.K. and Europe.
  • Furthermore, 33% of the loan repayments were from office loans, with the balance from retail, residential, hotel, healthcare, industrial and mixed use loans, it said.
  • ARI drifted higher by 0.9% in premarket trading.
  • Previously, (Oct. 24, 2022), Apollo Commercial Real Estate saw its Q3 earnings top consensus.

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