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 second quarter financial results on Friday, August 5, 2011 at 8:30 a.m. Eastern Time. The Company’s second quarter 2011 financial results will be released after the market closes on Thursday, August 4, 2011. During the conference call, company officers will review second 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 second quarter earnings teleconference call should dial from the U.S., (877) 263-2989, or from outside the U.S., (702) 928-7168, shortly before 8:30 a.m. and reference the Apollo Commercial Real Estate Finance, Inc. Teleconference Call (number 87027896). Please note that the teleconference call will be available for replay beginning at 9:30 a.m. on Friday, August 5, 2011, and ending at midnight on Friday, August 12, 2011. To access the replay, callers from the U.S. should dial (855) 859-2056 and callers from outside the U.S. should dial (404) 537-3406, and enter conference identification number 87027896.

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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