Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), announced today that the Company will hold a conference call to review its first quarter financial results on Wednesday, May 11, 2011 at 10:00 a.m. Eastern Time. The Company’s first quarter 2011 financial results will be released after the market closes on Tuesday, May 10, 2011. During the conference call, company officers will review first quarter performance, discuss recent events and conduct a question-and-answer period.

Teleconference Details:

Members of the public who are interested in participating in the Company’s fourth quarter earnings teleconference call should dial from the U.S., (877) 263-2989, or from outside the U.S., (702) 928-7168, shortly before 10:00 a.m. and reference the Apollo Commercial Real Estate Finance, Inc. Teleconference Call (number 61546667). Please note that the teleconference call will be available for replay beginning at 11:00 a.m. on Wednesday, May 11, 2011, and ending at midnight on Wednesday, May 18, 2011. To access the replay, callers from the U.S. should dial (800) 642-1687 and callers from outside the U.S. should dial (706) 645-9291, and enter conference identification number 61546667.

Webcast:

The conference call will also be available on the Company's website at www.apolloreit.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 30 days on the Company's website.

About Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a commercial real estate finance company that originates, invests in, acquiring and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the U.S. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company, an indirect subsidiary of Apollo Global Management, LLC.

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