Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q3 2021 Earnings Conference Call October 26, 2021 10:00 AM ET Company Participants Stuart Rothstein - Chief Executive Officer and President Jai Agarwal - Chief Financial Officer, Treasurer and Secretary Scott Weiner - Chief Investment Officer Conference Call Participants Doug Harter - Credit Suisse Tim Hayes - BTIG Stephen Laws - Raymond James Sarah Obaidi - KBW Rich Shane - JPMorgan Operator Good day and thank you for standing by. Welcome to the Apollo ...

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q2 2021 Earnings Conference Call July 27, 2021 10:00 AM ET Company Participants Stuart Rothstein - Chief Executive Officer and President Jai Agarwal - Chief Financial Officer, Treasurer and Secretary Conference Call Participants Doug Harter - Credit Suisse. Stephen Laws - Raymond James Jade Rahmani - KBW Rick Shane - JPMorgan Tim Hayes - BTIG Operator Good day ladies and gentlemen, and thank you for standing by. Welcome to the Second Quarter 2021 Apollo ...

Financial Performance - Distributable Earnings per Diluted Share of Common Stock was $0.41 in Q2 2021[7] - The dividend coverage ratio for the dividend per share of common stock was 1.2x in Q2 2021[8] - Net interest income was $74 million[11] - Net income available to common stockholders was $64 million, or $0.42 per diluted share of common stock[11] Capitalization and Liquidity - The company issued $500 million of 4.625% eight-year Senior Secured Notes[11] - Total liquidity at the end of the quarter was $227 million, including $205 million in cash and $22 million in approved and undrawn credit capacity[11] - Unencumbered loan assets amounted to $2.0 billion[10, 11, 27] Loan Portfolio - New mortgage commitments closed totaled $825 million during the quarter, and $1.4 billion year-to-date[9, 11] - The total loan portfolio was $7.5 billion with a weighted average unlevered all-in yield of 5.5%[11, 28] - First mortgages comprised 88% of the loan portfolio[11] - Floating-rate loans made up 97% of the loan portfolio[11]

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q1 2021 Earnings Conference Call April 23, 2021 10:00 AM ET Company Participants Stuart Rothstein - Chief Executive Officer and President Jai Agarwal - Chief Financial Officer, Treasurer and Secretary Conference Call Participants Douglas Harter - Credit Suisse AG Steven Delaney - JMP Securities LLC Stephen Laws - Raymond James Jade Rahmani - Keefe, Bruyette Charles Arestia - JPMorgan Chase Timothy Hayes - BTIG, LLC Operator Ladies and gentlemen, ...

Financial Performance - Distributable Earnings per share of common stock was $1.51[7] - The dividend per share of common stock was covered 1.04x[8] - Net income available to common stockholders was $33 million, or $0.23 per diluted share of common stock for Q4[10] - Distributable Earnings for Q4, prior to realized loss on investments, was $51 million, or $0.36 per diluted share of common stock[10] - Distributable Earnings for Q4, after realized loss on investments, was $21.3 million, or $0.15 per diluted share of common stock[10] Capital Allocation and Liquidity - $128 million of common stock was repurchased in 2020[9] - The company had $344 million in substantial liquidity as of December 31, 2020[8] - Liquidity included $325 million of cash and $18 million of approved and undrawn credit capacity[10] Loan Portfolio - The loan portfolio totaled $6.5 billion with a weighted average unlevered all-in yield of 6.3%[11] - 84% of the portfolio consisted of first mortgages[11] - 89% of U S floating-rate loans have in-the-money LIBOR floors with a weighted average of 1.46%[11] - $133 million of loans and participating interests were sold at 98.1% of par in Q4[11] - $562 million was committed to three new mortgage loans in 2020[11] Dividend and Book Value - A dividend of $0.35 per share of common stock was declared[11] - Adjusted book value per share of common stock was $15.38[11]