Apollo Commercial Real Estate Finance, Inc.

ARI

Apollo Commercial Real Estate Finance, Inc.

ARI

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-05-13Shares Purchased (TTM):0Shares Sold (TTM):108,719

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:82,656,419Shares Outstanding:139,110,347Institutional Ownership Pct.:59.42%

Earnings Market Reaction:

Filing Date:2026-08-10Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Commercial Mortgage Portfolio Segment	-	8,767	8	-8,471	1,194	7,285	6,715	7,362	-7,834	7,846	7,813	-271
Subordinate Mortgage Portfolio Segment	-	51	62	8	121	24	389	301	-230	304	433	-51
Secured Debt Arrangements Real Estate Owned Held F…	-	-	-	-	1	78	-	76	-	154	154	-
Secured Debt Arrangements Commercial Mortgage Loan…	-	-	-	-	-	-	-	-	-	135	-	-
Secured Debt	-	727	6,269	728	-753	753	758	-8	-4,840	5,597	5,538	-230
Senior Notes	-	497	497	23	-23	497	496	27	-76	496	496	0
Mortgages	-	-	-	0	-200	273	73	73	0	0	3	2
Related Party	-	8	9	0	-0	9	9	-0	-0	9	10	10
Assets
Cash And Cash Equivalents At Carrying Value	1,239	127	140	246	178	166	317	194	175	161	225	308
Loans Receivable Held For Sale Amount	-	-	-	-	-	-	-	-	-	135	-	-
Foreclosed Assets	-	-	-	-	-	-	-	-	-	627	519	495
Mortgage Loans On Real Estate Commercial And Consu…	-	8,882	8,774	8,304	8,625	7,687	7,104	-	-	-	8,358	7,974
Real Estate Acquired Through Foreclosure	857	852	843	828	806	775	753	708	666	-	519	-
Other Assets	40	209	144	142	169	98	138	364	90	104	86	207
Derivative Assets	-	18	0	0	0	16	58	1	48	47	29	94
Assets	2,136	10,087	9,901	9,519	9,817	8,784	8,412	9,098	9,272	9,225	9,297	9,157
Liabilities And Stockhold…
Liabilities
Convertible Debt	-	-	-	-	-	-	-	-	-	-	0	176
Participating Mortgage Loans Participation Liabili…	-	-	-	-	-	-	-	-	-	-	0	0
Derivative Liabilities	0	0	27	31	58	-	0	11	-	-	-	-
Liabilities	881	8,275	8,045	7,657	7,971	6,924	6,537	7,230	7,275	7,178	7,088	6,945
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital Common Stock	2,581	2,672	2,704	2,701	2,698	2,694	2,696	2,692	2,691	2,724	2,727	2,723
Retained Earnings Accumulated Deficit	-1,328	-861	-850	-840	-853	-835	-823	-825	-695	-678	-520	-513
Stockholders Equity	1,255	1,812	1,856	1,862	1,846	1,861	1,874	1,868	1,997	2,047	2,209	2,212
Liabilities And Stockholders Equity	2,136	10,087	9,901	9,519	9,817	8,784	8,412	9,098	9,272	9,225	9,297	9,157
Series B1 Preferred Stock	-	7	7	0	0	7	7	0	0	7	7	0
Secured Debt Arrangements	-	-	-	-	-	-	-	-	-	-	154	-
Real Estate Owned Accumulated Depreciation	43	38	34	31	28	26	23	21	19	16	10	9
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	50	50	50	50	50	50	50	50	50	50	50	50
Preferred Stock Liquidation Preference Value	169	169	169	169	169	169	169	169	169	169	169	169
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	450	450	450	450	450	450	450	450	450	450	450	450
Common Stock Shares Issued	128	137	139	139	139	139	138	138	138	142	141	141
Shares Outstanding	128	137	139	139	139	139	138	138	138	142	141	141
Financing Receivable Excluding Accrued Interest Be…	-	-	-	8,343	8,664	7,722	7,135	7,865	8,329	-	8,385	-
Financing Receivable Excluding Accrued Interest Af…	-	301	313	375	367	500	487	-	-	-	694	-
Financing Receivable Allowance For Credit Loss Exc…	-	37	39	39	39	35	31	343	35	335	26	193
Off Balance Sheet Credit Loss Liability	-	4	6	6	5	6	6	4	4	4	4	4

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-1.09%	-2.08%	-2.03%	-	-	-	-	-	-	-	-	-
2025	9.35%	8.03%	12.32%	6.02%	7.65%	4.40%	-0.50%	0.40%	4.23%	-2.05%	1.66%	5.59%
2024	-4.78%	-5.52%	5.89%	4.85%	-6.63%	-10.30%	3.03%	1.35%	4.09%	10.23%	-1.52%	7.17%
2023	-	-	-	-	-	-	13.08%	31.65%	27.15%	2.08%	4.11%	0.93%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	0.01	-0.22	-0.24	-0.17	-1.03	-0.97	-1.35	-1.29	-0.98	-1.22	-0.90	-1.01
Per Share Metrics
Diluted EPS TTM	0.98	0.91	0.91	0.99	-0.03	0.06	-0.86	-0.89	0.08	-0.76	0.32	-0.03
Free Cash Flow Per Share TTM	0.66	0.83	1.03	1.33	1.44	1.35	1.43	1.31	1.55	1.53	1.94	2.02
Dividend Per Share TTM	1.08	1.02	1.02	1.01	1.12	1.23	1.33	1.46	1.44	1.43	1.43	1.43
Margin Metrics
Gross Profit Margin TTM	259.05%	277.36%	269.41%	270.43%	271.06%	266.50%	265.95%	331.51%	320.97%	310.13%	299.44%	226.46%
Operating Profit Margin TTM	55.64%	48.18%	46.78%	51.62%	-1.35%	3.90%	-39.27%	-35.78%	7.50%	-28.03%	17.00%	27.13%
Net Profit Margin TTM	54.20%	48.02%	46.66%	51.41%	-1.49%	2.70%	-39.40%	-38.74%	3.55%	-31.83%	13.31%	-1.34%
Growth Metrics
Net Revenue Growth (1Y)	-14.66%	-8.49%	-10.56%	-15.31%	-14.74%	-14.51%	-11.87%	-8.69%	-4.60%	3.50%	13.49%	20.96%
Net Income Growth (1Y)	-3,194.02%	1,525.35%	-205.92%	-212.38%	-135.92%	-107.26%	-360.90%	2,531.68%	-91.43%	-137.14%	-81.87%	-101.59%
EPS Growth (1Y)	-3,381.08%	1,519.84%	-206.54%	-211.82%	-136.31%	-107.43%	-363.90%	2,590.76%	-91.37%	-136.93%	-81.97%	-101.58%
Valuation Metrics
P/E TTM	6.99	7.45	6.67	6.25	-193.03	98.99	-5.74	-5.70	63.64	-7.61	18.14	-149.47
P/B TTM	0.72	0.52	0.46	0.46	0.44	0.42	0.37	0.38	0.37	0.40	0.38	0.32
P/S TTM	3.79	3.58	3.11	3.21	2.89	2.68	2.26	2.21	2.26	2.42	2.41	2.01
Market Cap	901.46M	946.35M	845.44M	862.91M	804.35M	773.25M	686.70M	700.69M	738.17M	818.61M	831.96M	698.32M
Enterprise Value	-338.02M	1.32B	1.20B	640.31M	603.85M	1.10B	865.74M	533.28M	487.01M	1.15B	1.10B	566.69M
Calculated Values
Free Cash Flow TTM	86.46M	115.77M	142.52M	184.21M	199.71M	186.73M	200.26M	181.17M	217.37M	216.46M	273.86M	285.60M
Net Debt	-1.24B	370.57M	357.40M	-222.61M	-200.50M	330.20M	179.04M	-167.41M	-251.16M	334.65M	270.16M	-131.63M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-13Sale

Owner: Whonder, Carmencita N.M.

Title: -

Shares: 4,574

Price/Share: $10.93

Value: $49,993.82

Shares Owned: 24,799

Relationship: Director

Ownership: Direct

2025-12-15Sale

Owner: Rothstein, Stuart

Title: President & CEO

Shares: 52,072

Price/Share: $10.16

Value: $529,051.52

Shares Owned: 229,709

Relationship: Director,Officer

Ownership: Direct

2025-09-15Sale

Owner: Rothstein, Stuart

Title: President & CEO

Shares: 52,073

Price/Share: $10.78

Value: $561,346.94

Shares Owned: 281,781

Relationship: Director,Officer

Ownership: Direct

2025-06-16Sale

Owner: Rothstein, Stuart

Title: President & CEO

Shares: 52,074

Price/Share: $9.83

Value: $511,887.42

Shares Owned: 333,854

Relationship: Director,Officer

Ownership: Direct

2025-04-29Sale

Owner: Biderman, Mark C

Title: -

Shares: 10,000

Price/Share: $9.48

Value: $94,800.00

Shares Owned: 60,787

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-13	Whonder, Carmencita N.M.	Director	-	Direct	Sale	4,574	10.93	$49,993.82	24,799	4
2025-12-15	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	52,072	10.16	$529,051.52	229,709	4
2025-09-15	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	52,073	10.78	$561,346.94	281,781	4
2025-06-16	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	52,074	9.83	$511,887.42	333,854	4
2025-04-29	Biderman, Mark C	Director	-	Direct	Sale	10,000	9.48	$94,800.00	60,787	4
2025-03-17	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	52,074	9.99	$520,219.26	385,928	4
2025-03-04	Whonder, Carmencita N.M.	Director	-	Direct	Sale	11,000	9.96	$109,560.00	9,624	4
2024-09-06	Carlton, Pamela G	Director	-	Direct	Sale	833	10.32	$8,596.56	29,525	4
2024-08-15	Prince, Scott	Director	-	Direct	Sale	10,000	10.10	$101,000.00	41,154	4
2024-08-08	Prince, Scott	Director	-	Direct	Sale	4,935	10.12	$49,942.20	81,154	4
2024-05-01	Biderman, Mark C	Director	-	Direct	Sale	15,000	10.00	$150,000.00	60,625	4
2024-04-15	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	40,000	10.60	$424,000.00	415,292	4
2024-01-16	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	40,000	11.45	$458,000.00	541,675	4
2023-10-16	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	40,000	10.09	$403,600.00	490,766	4
2023-09-06	Biderman, Mark C	Director	-	Direct	Sale	10,000	10.60	$106,000.00	66,485	4
2023-08-17	Carlton, Pamela G	Director	-	Direct	Sale	833	10.41	$8,671.53	21,218	4
2023-07-17	Rothstein, Stuart	Director,Officer	President & CEO	Direct	Sale	40,000	11.80	$472,000.00	530,766	4
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Institutional Ownership

No data available for chart

2026-03-31

59.42%

Inst. Shares: 82,656,419

Shares Outstanding: 139,110,347

2025-12-31

56.67%

Inst. Shares: 78,695,325

Shares Outstanding: 138,868,602

2025-09-30

Inst. Shares: 884,210,033

Shares Outstanding: 138,943,831

2025-06-30

54.35%

Inst. Shares: 75,519,779

Shares Outstanding: 138,943,566

2025-03-31

55.12%

Inst. Shares: 76,420,549

Shares Outstanding: 138,639,004

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	82,656,419	139,110,347	59.42%
2025-12-31	78,695,325	138,868,602	56.67%
2025-09-30	884,210,033	138,943,831	-
2025-06-30	75,519,779	138,943,566	54.35%
2025-03-31	76,420,549	138,639,004	55.12%
2024-12-31	74,701,070	139,674,140	53.48%
2024-09-30	72,042,714	138,246,827	52.11%
2024-06-30	72,874,205	140,438,676	51.89%
2024-03-31	72,590,126	141,869,604	51.17%
2023-12-31	73,915,555	141,281,286	52.32%
2023-09-30	71,282,037	141,350,428	50.43%
2023-06-30	71,771,926	141,341,238	50.78%
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Apollo Commercial Real Estate Finance, Inc. (ARI) — SEC Financial Statements & Analysis

Apollo Commercial Real Estate Finance, Inc. (ARI) is a real estate investment trusts company, incorporated in MD. Apollo Commercial Real Estate Finance, Inc. trades on NYSE as: ARI. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Apollo Commercial Real Estate Finance, Inc. reported a -14.66% year-over-year revenue growth, a Gross Profit Margin of 259.05% (TTM), a Price-to-Sales (P/S) ratio of 3.79x (TTM), a Price-to-Book (P/B) ratio of 0.72x (TTM), at a market cap of $901.46M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -14.66%
Gross Profit Margin TTM: 259.05%
P/S TTM: 3.79x
P/B TTM: 0.72x
Market Cap: $901.46M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Apollo Commercial Real Estate Finance, Inc. in?

Apollo Commercial Real Estate Finance, Inc. (ARI) operates in the Real Estate Investment Trusts industry.

What is ARI's market cap?

Apollo Commercial Real Estate Finance, Inc. (ARI) has a market capitalization of $901.46M as of 2026-06-30.

What is ARI's P/E ratio?

Apollo Commercial Real Estate Finance, Inc. (ARI)'s trailing twelve month P/E ratio is 6.99x as of 2026-06-30.

What exchange does ARI trade on?

Apollo Commercial Real Estate Finance, Inc. (ARI) trades on the NYSE.

Where is Apollo Commercial Real Estate Finance, Inc. incorporated?

Apollo Commercial Real Estate Finance, Inc. is incorporated in MD.