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Apollo Commercial Real Estate Finance, Inc. logo

Apollo Commercial Real Estate Finance, Inc.

ARI

NYSEReal EstateREIT - Mortgage

Open in GoAI

Previous close

$6.93

−$0.01 · -0.14%

Aug 21, 4:00 PM ET

ARI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

89

Deep Value

Momentum

49

Neutral

Sentiment

30

Bearish

Risk resilience

75

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Apollo Commercial Real Estate Finance, Inc. functions as a Real Estate Investment Trust (REIT) with a core focus on the U.S. market. The company specializes in originating, purchasing, maintaining, and overseeing a diverse portfolio of debt instruments related to commercial properties, including primary mortgage loans and subordinate financing structures. Having qualified as a REIT under the Internal Revenue Code, it benefits from an exemption from federal income taxes, provided it distributes a minimum of 90% of its REIT taxable earnings to its shareholders. This entity was established in 2009 and is headquartered in New York, New York.

Industry
REIT - Mortgage
Sector
Real Estate
Headquarters
US
CEO
Stuart A. Rothstein
Listed since
Sep 24, 2009
Employees
0

Market position

Day range

Current $6.93

52-week range

Current $6.93

Open
$6.94
Previous close
$6.94
Volume
1.23M
0.37× average
Average volume
3.32M
Average daily volume
Market cap
907.46M USD
Beta
1.44
Market reference 1
50-day average
$8.5344
-18.80% below average
200-day average
$9.9814
-30.57% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.12B USD
P/E (TTM)
8.77×
P/B (TTM)
0.72×
P/S (TTM)
3.48×
EV / EBITDA
15.25×
Earnings yield
9.43%
Free cash flow yield
3.15%
Dividend yield
64.94%

Profitability & efficiency

Gross margin
7.68%
Operating margin
149.01%
Net margin
50.56%
Return on equity
6.83%
Return on assets
1.28%
Return on invested capital
4.68%

Financial health

Debt / equity
0.3×
Current ratio
0.3×
Altman Z-score
1.07
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends113%66%18%-29%Gross margin, FY2021: 84.96%Gross margin, FY2022: 85.62%Gross margin, FY2023: 83.63%Gross margin, FY2024: 79.88%Gross margin, FY2025: 80.05%Operating margin, FY2021: 98.39%Operating margin, FY2022: 101.30%Operating margin, FY2023: 60.17%Operating margin, FY2024: 59.54%Operating margin, FY2025: 65.36%Net margin, FY2021: 53.06%Net margin, FY2022: 41.36%Net margin, FY2023: 7.48%Net margin, FY2024: -17.05%Net margin, FY2025: 17.84%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 84.96%. Gross margin FY2022 85.62%. Gross margin FY2023 83.63%. Gross margin FY2024 79.88%. Gross margin FY2025 80.05%. Operating margin FY2021 98.39%. Operating margin FY2022 101.30%. Operating margin FY2023 60.17%. Operating margin FY2024 59.54%. Operating margin FY2025 65.36%. Net margin FY2021 53.06%. Net margin FY2022 41.36%. Net margin FY2023 7.48%. Net margin FY2024 -17.05%. Net margin FY2025 17.84%.

Income trends

Revenue

710.49M USD+1.28%

Operating income

464.37M USD+11.18%

Net income

126.72M USD+246.36M USD
Income trends across reported periods866.67M USD508.01M USD149.36M USD−209.3M USDRevenue, FY2021: 421.23M USDRevenue, FY2022: 641.34M USDRevenue, FY2023: 777M USDRevenue, FY2024: 701.53M USDRevenue, FY2025: 710.49M USDOperating income, FY2021: 414.45M USDOperating income, FY2022: 649.66M USDOperating income, FY2023: 467.54M USDOperating income, FY2024: 417.69M USDOperating income, FY2025: 464.37M USDNet income, FY2021: 223.52M USDNet income, FY2022: 265.23M USDNet income, FY2023: 58.13M USDNet income, FY2024: −119.64M USDNet income, FY2025: 126.72M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 421.23M USD. Revenue FY2022 641.34M USD. Revenue FY2023 777M USD. Revenue FY2024 701.53M USD. Revenue FY2025 710.49M USD. Operating income FY2021 414.45M USD. Operating income FY2022 649.66M USD. Operating income FY2023 467.54M USD. Operating income FY2024 417.69M USD. Operating income FY2025 464.37M USD. Net income FY2021 223.52M USD. Net income FY2022 265.23M USD. Net income FY2023 58.13M USD. Net income FY2024 −119.64M USD. Net income FY2025 126.72M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue710.49M USD701.53M USD777M USD641.34M USD421.23M USD
Cost of goods sold141.72M USD141.14M USD127.23M USD92.2M USD63.37M USD
Gross profit568.76M USD560.39M USD649.77M USD549.15M USD357.85M USD
Selling, general, and administrative61.58M USD————
Operating expenses104.39M USD142.71M USD182.23M USD−100.52M USD−56.6M USD
Interest income626.78M USD702.93M USD718.28M USD512.1M USD428.12M USD
Interest expense460.09M USD503.95M USD466.11M USD270.53M USD162.52M USD
Depreciation and amortization11.17M USD11.67M USD8.25M USD704K USD2.65M USD
Operating income464.37M USD417.69M USD467.54M USD649.66M USD414.45M USD
Net income126.72M USD−119.64M USD58.13M USD265.23M USD223.52M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 3 misses, 2 met estimates
Average EPS surprise
+9.44%
11 comparable reports
Latest EPS result
0.15
Estimate 0.11 · Beat by 42.31%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.360.16-0.04-0.24Q1 '25BeatQ2 '25MissQ3 '25MetQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 0.32, estimate 0.23, surprise +39.13%, Beat. Q2 2025, reported Apr 24, 2025: actual 0.24, estimate 0.25, surprise -4.00%, Miss. Q3 2025, reported Jul 29, 2025: actual 0.26, estimate 0.26, surprise 0.00%, Met estimate. Q4 2025, reported Oct 30, 2025: actual 0.3, estimate 0.247, surprise +21.36%, Beat. Q1 2026, reported Feb 10, 2026: actual 0.26, estimate 0.27, surprise -3.70%, Miss. Q2 2026, reported Apr 28, 2026: actual 0.22, estimate 0.29, surprise -24.14%, Miss. Q3 2026, reported Aug 10, 2026: actual 0.15, estimate 0.105, surprise +42.31%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate -0.2, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates82.15M62.17M42.18M22.2MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 78M USD, estimate 48.2M USD, surprise +61.83%, Beat. Q2 2025, reported Apr 24, 2025: actual 65.82M USD, estimate 62.66M USD, surprise +5.03%, Beat. Q3 2025, reported Jul 29, 2025: actual 43.07M USD, estimate 64.18M USD, surprise -32.89%, Miss. Q4 2025, reported Oct 30, 2025: actual 61.62M USD, estimate 49.15M USD, surprise +25.37%, Beat. Q1 2026, reported Feb 10, 2026: actual 73.25M USD, estimate 69.72M USD, surprise +5.06%, Beat. Q2 2026, reported Apr 28, 2026: actual 58.63M USD, estimate 77.85M USD, surprise -24.68%, Miss. Q3 2026, reported Aug 10, 2026: actual 44.38M USD, estimate 34.7M USD, surprise +27.92%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 26.12M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

13 ratings
Strong buy00%
Buy215%
Hold1077%
Sell18%
Strong sell00%

ARI news

zacks.com

New Strong Sell Stocks for August 4th

ARI, BEP and BLDR have been added to the Zacks Rank #5 (Strong Sell) List on August 4th, 2026.

Read source
globenewswire.com

Apollo Commercial Real Estate Finance, Inc. Announces Update Regarding Previously Announced Common Stock Dividend

NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced that in connection with the Company's previously announced dividend of $3.75 per…

Read source
prnewswire.com

Honeywell Aerospace Set to Join S&P 500 & S&P 100; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK, June 23, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600: Honeywell Aerospace Inc. (NASD: HONA) will be added to the S&P…

Read source
seekingalpha.com

Apollo Commercial Being Liquidated, Showing Investors How To Profit (Downgrade)

Apollo Commercial Real Estate Finance, Inc. is pursuing liquidation, pending shareholder approval, after failing to find a viable path forward. ARI will return cash to shareholders and attempt to sell its $466M REO…

Read source
globenewswire.com

Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend and Provides Update on Review of Strategic Alternatives

NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the Board of Directors declared a dividend of $3.75 per share of common stock,…

Read source
seekingalpha.com

My Dividend Stock Portfolio: New April Dividend Record - 100 Holdings With 5 Buys

April net investment activity reached a multi-year low as rising stock valuations and BDC sector weakness prompted a cautious approach and selective BDC purchases. Focused April allocations on Ares Capital, Blue Owl…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.00

2025 complete year-28.6% since 2021

2026 partial: $4.00

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 16, 2026

$3.75

Special

Record Jun 30, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.25

Quarterly

Record Mar 31, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.25

Quarterly

Record Dec 31, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 30, 2025

$0.25

Quarterly

Record Sep 30, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.25

Quarterly

Record Jun 30, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Mar 31, 2025

$0.25

Quarterly

Record Mar 31, 2025 · Payment Apr 15, 2025

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ETFs holding ARI

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
27.77M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
20.18M
Weight
0.01%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
12.84M
Weight
0.02%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Global X - SuperDividend ETF logoGlobal X - SuperDividend ETFSDIV
Market value
8.05M
Weight
0.65%
AUM
1.24B USD
Expense ratio
0.58%
Price / 1D
$24.92+0.69%
VanEck Mortgage REIT Income ETF logoVanEck Mortgage REIT Income ETFMORT
Market value
7.62M
Weight
2.05%
AUM
370.81M USD
Expense ratio
0.43%
Price / 1D
$9.90-0.30%
Fidelity Enhanced Small Cap ETF logoFidelity Enhanced Small Cap ETFFESM
Market value
7.02M
Weight
0.11%
AUM
6.03B USD
Expense ratio
0.28%
Price / 1D
$47.94+0.80%
Global X - SuperDividend REIT ETF logoGlobal X - SuperDividend REIT ETFSRET
Market value
5.97M
Weight
2.55%
AUM
232.13M USD
Expense ratio
0.58%
Price / 1D
$22.39-0.22%
Schwab Fundamental U.S. Small Company Index ETF logoSchwab Fundamental U.S. Small Company Index ETFFNDA
Market value
4.44M
Weight
0.05%
AUM
9.26B USD
Expense ratio
0.25%
Price / 1D
$37.73+0.75%

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