Apollo Commercial Real Estate Finance, Inc. Completes Sale of Commercial Real Estate Loan Portfolio

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[{"type":"image","alt":"Apollo Commercial Real Estate Finance, Inc.","displaySize":"","headline":null,"caption":"Apollo Commercial Real Estate Finance, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":30,"url":"https://media.zenfs.com/en/globenewswire.com/198b54492cc780b532dc7a2fe8020645"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/km0RcVm4q2FOqm69ijsl3A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQy/https://media.zenfs.com/en/globenewswire.com/198b54492cc780b532dc7a2fe8020645","width":300,"height":30}},"lazy":false},{"type":"text","content":"NEW YORK, April 24, 2026 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the completion of the sale of the Company's $9 billion commercial real estate loan portfolio to Athene Holding Ltd. pursuant to the definitive agreement announced on January 28, 2026. The transaction received approval from holders of a majority of the Company's outstanding shares of common stock at a special meeting held on April 21, 2026, reflecting broad stockholder support for the transaction.","length":548,"tagName":"p"},{"type":"text","content":"Following repayment of ARI's financing facilities, other indebtedness, and transaction expenses, ARI’s total assets, consisting primarily of cash, will total $2.2 billion, equating to a book value per share of common stock of approximately $12.05.","length":251,"tagName":"p"},{"type":"text","content":"Stuart Rothstein, Chief Executive Officer and President of ARI, said: "The strong support our stockholders have expressed for this transaction is an affirmation of our thesis that ARI’s loan portfolio was undervalued in the public markets and the direct sale to an institutional buyer with deep familiarity with the assets was the right path to realizing value. The sale delivered ARI’s stockholders a compelling premium to where the stock has traded in recent years, and we believe this outcome demonstrates our unwavering commitment to maximizing stockholder value.”","length":573,"tagName":"p"},{"type":"text","content":"ARI’s management team, in consultation with ARI’s board of directors and other Apollo senior investment professionals, is evaluating a range of commercial real estate–related strategies designed to reposition the Company, with the goal of delivering attractive retur...

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