Apollo Commercial Real Estate Finance (ARI) Earnings Call Presentation

Portfolio Overview - Total capital deployed reached $26 billion[11] - The loan portfolio consists of $7.7 billion across 48 loans[31] - The weighted average portfolio loan-to-value is 57%[18,31] - 95% of the loans in the portfolio are first mortgages[31] - 95% of the loans in the portfolio are floating-rate[18] Collateral Diversification - Residential properties account for 24% of the portfolio[31] - Office properties also account for 24% of the portfolio[31] - Hotel properties represent 21% of the portfolio[31] - Retail properties comprise 12% of the portfolio[31] - Industrial properties make up 8% of the portfolio[31] Financial Performance & Capital Structure - Equity market capitalization since 2009 is $7.7 billion[13] - The dividend yield is 10.5%[13] based on the Q1 dividend of $0.25 per share annualized[16] - The company has total liquidity of $218 million[18] - The company has conservative leverage at 3.5x debt to equity[18]