Apollo Commercial Real Estate Finance, Inc. ARI R2K

Real Estate · REIT - Mortgage · United States

https://www.apollocref.com

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments. The company is qualified as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was incorporated in 2009 and is based in New York, New York.

Market & Price

Market Cap

$1.46B

Current Price

$10.96

High / Low (52W)

$11.22 / $8.78

Beta

1.42

Valuation

Stock P/E

13.53

Industry PE

26.58

Forward P/E

14.94

PEG Ratio

1.33

Book Value

$13.25

Price to Book

0.83

P/S

5.42

EV/EBITDA

Dividend Yield

9.12%

Profitability & Returns

ROCE

ROE

6.91%

ROA

1.35%

Profit Margin

47.29%

Op Margin

41.43%

EPS (Latest Qtr)

$0.16

EPS (TTM)

$0.81

Balance Sheet & Liquidity

Debt/Equity

4.50

Quick Ratio

6.72

Current Ratio

6.72

Debt

$8.16B

Total Assets

$9.90B

Current Assets

Working Capital

Ownership

Promoter Holding

0.70%

Chg in Prom Hold

-0.00%

FII / Inst Holding

77.27%

Chg in FII Hold

0.08%

Financial Snapshot

Enterprise Value

$9.47B

Total Revenue (TTM)

$268.48M

EBITDA

Free Cash Flow

Operating Cash Flow

$115.77M

Shares Outstanding

132.85M

Gross Margin

69.21%

Payout Ratio

123.46%

Growth (CAGR)

Revenue 5Y

-9.56%

Profit 5Y

-21.82%

Revenue (YoY)

0.20%

Earnings (YoY)

0.00%

PROS

Excellent profit margin of 47.3%.
Attractive dividend yield of 9.12%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -9.6% CAGR over 5 years.
Earnings shrank at -21.8% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	ARI Apollo Commercial Real Estate Finance, Inc. R2K	10.96	13.53	$1.46B	9.12%	-	6.91%	-9.56%	-21.82%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68.56M	-	71.15M	75.86M	66.64M	64.18M	76.02M	76.30M	87.12M	92.16M	81.16M	80.53M	81.11M	-	-	69.24M	62.53M	65.11M	75.23M	59.71M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105.06M	124.18M	115.37M	115.49M	113.92M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26.11M	20.86M	51.02M	29.06M	26.46M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116.00K	116.00K	234.00K	-135.00K	230.00K
Net Income	25.85M	27.24M	18.62M	10.34M	69.89M	59.03M	47.12M	36.23M	68.36M	41.31M	49.43M	55.35M	62.22M	52.99M	67.76M	61.42M	29.09M	71.90M	-127.84M	60.20M	49.34M	36.68M	58.34M	67.69M	60.39M	15.24M	70.95M	183.03M	48.92M	-83.40M	46.07M	-104.52M	35.78M	-	-	25.99M	20.74M	50.79M	29.20M	26.23M
Diluted EPS	-	-	-	-	-	-	0.41	0.28	0.54	0.32	0.38	0.39	0.40	0.34	0.43	0.37	0.16	0.42	-0.86	0.36	0.31	0.23	0.37	0.42	0.38	0.08	0.44	1.13	0.32	-0.62	0.30	-0.76	0.23	-	0.27	0.16	0.12	0.34	-	0.16

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	334.48M	278.68M	-	368.76M	266.01M	195.66M	272.83M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	270.52M	466.11M	503.95M	460.09M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	265.23M	58.57M	-119.24M	127.05M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	0	442.00K	394.00K	331.00K
Net Income	11.00M	25.88M	40.18M	52.48M	82.74M	103.26M	157.88M	193.03M	219.99M	230.17M	18.38M	-	265.23M	58.13M	-119.64M	126.72M
Diluted EPS	-	-	-	-	-	-	1.74	1.54	1.48	1.40	0.01	-	1.68	0.29	-0.97	0.81

Compounded Sales Growth

5 Years:	-9.56%
1 Year:	0.20%

Compounded Profit Growth

5 Years:	-21.82%
1 Year:	0.00%

Stock Price Performance

1 Year:	+23.24%
6 Months:	+13.13%
3 Months:	+5.91%
1 Month:	+2.05%

Balance Sheet (Annual)

Figures in USD.

Metric	Sep 2009	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Sep 2017	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	858.15M	891.23M	788.43M	907.50M	1.85B	2.71B	3.48B	-	4.09B	5.10B	6.89B	6.94B	8.42B	9.57B	9.30B	8.41B	9.90B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	1.00K	129.97M	37.89M	21.57M	108.62M	20.10M	40.64M	67.42M	201.00M	140.23M	77.67M	109.81M	452.28M	325.50M	343.11M	222.03M	225.44M	317.40M	139.82M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65.38M	72.35M	58.47M	70.83M
Total Liabilities	-	-	560.31M	554.25M	241.51M	224.55M	990.08M	1.34B	1.55B	-	2.00B	2.59B	4.26B	4.67B	6.12B	7.21B	7.09B	6.54B	8.04B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	225.16M	-	-	-	-	-	-	-	-	-	-	1.67B	1.42B	1.58B	1.65B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.97B	6.95B	6.39B	7.92B
Total Equity	1.00K	195.30M	297.84M	336.98M	546.92M	682.96M	855.07M	1.38B	1.93B	-	2.09B	2.51B	2.63B	2.27B	2.29B	2.35B	2.21B	1.87B	1.86B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140.60M	141.36M	138.17M	138.94M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	16.59M	35.46M	40.10M	45.98M	67.04M	88.12M	123.89M	154.87M	265.96M	273.44M	164.05M	-	267.70M	273.86M	200.26M	142.52M
Investing Cash Flow	-607.59M	-60.88M	192.93M	-165.82M	-886.69M	-790.88M	1.07B	-720.71M	-998.92M	-1.44B	-215.72M	-	-1.34B	68.42M	577.17M	-1.39B
Financing Cash Flow	498.92M	9.10M	-145.99M	31.31M	840.20M	729.53M	-1.02B	380.06M	765.09M	1.50B	-75.12M	-	957.97M	-343.36M	-689.31M	1.06B
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-33.03M	-72.63M	-169.51M	-100.21M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	234.67M	201.23M	30.75M	42.31M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-119.35M	4.02M	88.69M	-179.77M
Share Buybacks	-	-	-	0	0	1.74M	0	0	0	0	127.99M	0	0	0	40.81M	0

Ratios (Annual)

Figures in %.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	68.8%	6.6%	-	71.9%	21.9%	-61.1%	46.4%
ROE %	3.7%	7.7%	7.3%	7.7%	9.7%	7.5%	8.2%	9.2%	8.8%	8.8%	0.8%	-	11.3%	2.6%	-6.4%	6.8%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

0.70%

Institutions

77.27%

Public Float

77.82%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	15.95%	21.18M	$232.18M
2	Vanguard Portfolio Management LLC	5.97%	7.94M	$86.98M
3	Vanguard Capital Management LLC	4.82%	6.40M	$70.20M
4	State Street Corporation	3.96%	5.27M	$57.72M
5	No Street GP LP	2.52%	3.35M	$36.72M
6	Geode Capital Management, LLC	2.50%	3.32M	$36.44M
7	Mirae Asset Global ETFs Holdings Ltd.	2.07%	2.74M	$30.08M
8	Invesco Ltd.	1.63%	2.17M	$23.79M
9	Charles Schwab Investment Management, Inc.	1.62%	2.16M	$23.65M
10	Morgan Stanley	1.34%	1.78M	$19.52M

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