Symbols / ARI Stock $11.03 +0.32% Apollo Commercial Real Estate Finance, Inc.

Real Estate • REIT - Mortgage • United States • NYQ
ARI (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: SMA 50: SMA 200:
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Mortgage
CEO Mr. Stuart A. Rothstein CPA
Exch · Country NYQ · United States
Market Cap 1.46B
Enterprise Value 9.47B
Income 112.14M
Sales 268.48M
FCF (ttm)
Book/sh 13.25
Cash/sh 1.09
Employees
Insider 10d
IPO Sep 24, 2009
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 123.46%
P/E 13.61
Forward P/E 11.80
PEG 1.33
P/S 5.46
P/B 0.83
P/C
EV/EBITDA
EV/Sales 35.28
Quick Ratio 6.72
Current Ratio 6.72
Debt/Eq 450.28
LT Debt/Eq
EPS (ttm) 0.81
EPS next Y 0.93
EPS Growth 0.00%
Revenue Growth 0.20%
EPS Gr Q/Q 0.90%
Rev Gr Q/Q
Earnings (next) 2026-04-28
Earnings (prior) 2026-04-28
ROA 1.35%
ROE 6.91%
ROIC
Gross Margin 69.21%
Oper. Margin 41.43%
Profit Margin 47.29%
Shs Outstand 132.85M
Shs Float 123.72M
Insider Own 0.71%
Instit Own 67.86%
Short Float 5.72%
Short Ratio 3.48
Short Interest 5.71M
52W High 11.24
vs 52W High -1.91%
52W Low 9.30
vs 52W Low 18.55%
Beta 1.42
Impl. Vol. 50.78%
Rel Volume 0.25
Avg Volume 1.42M
Volume 354.38K
Target (mean) $11.62
Tgt Median $11.75
Tgt Low $11.00
Tgt High $12.00
# Analysts 4
Recom Strong_buy
Prev Close $10.99
Price $11.03
Change 0.32%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$11.03
Low
$11.00
High
$12.00
Mean
$11.63

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-12 main Keefe, Bruyette & Woods Outperform → Outperform $12
2025-11-03 main JP Morgan Overweight → Overweight $11
2025-10-20 up JP Morgan Neutral → Overweight $11
2025-10-09 main Keefe, Bruyette & Woods Outperform → Outperform $11
2025-07-15 main UBS Neutral → Neutral $11
2025-07-10 main Keefe, Bruyette & Woods Outperform → Outperform $11
2025-05-21 main UBS Neutral → Neutral $10
2025-04-29 reit JMP Securities Market Perform → Market Perform
2025-04-29 main Keefe, Bruyette & Woods Outperform → Outperform $11
2025-04-28 main JP Morgan Neutral → Neutral $9
2025-04-16 main UBS Neutral → Neutral $9
2025-04-16 main JP Morgan Neutral → Neutral $8
2025-04-07 up Keefe, Bruyette & Woods Market Perform → Outperform $10
2025-02-25 main UBS Neutral → Neutral $10
2025-02-11 main JP Morgan Neutral → Neutral $10
2025-01-14 main Keefe, Bruyette & Woods Market Perform → Market Perform $9
2024-11-15 main UBS Neutral → Neutral $10
2024-10-17 main JP Morgan Neutral → Neutral $9
2024-07-16 main JP Morgan Neutral → Neutral $10
2024-05-01 main Keefe, Bruyette & Woods Market Perform → Market Perform $10
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 SALVATI MICHAEL E Director 9,587 $0.00 $0
2026-04-01 BIDERMAN MARK C Director 9,587 $0.00 $0
2026-04-01 CARLTON PAMELA G Director 9,587 $0.00 $0
2026-04-01 KASDIN ROBERT A Director 9,587 $0.00 $0
2026-04-01 PRINCE SCOTT STEVEN Director 9,587 $0.00 $0
2026-04-01 ROMANDO BRENNA HAYSOM Director 9,587 $0.00 $0
2026-04-01 WHONDER CARMENCITA N.M. Director 9,587 $0.00 $0
2025-12-30 ROTHSTEIN STUART A Chief Executive Officer 109,452 $0.00 $0
2025-12-30 MIRONOVA ANASTASIA G. Chief Financial Officer 34,825 $0.00 $0
2025-12-15 ROTHSTEIN STUART A Chief Executive Officer 52,072 $10.16 $529,135
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
272.83
+39.44%
195.66
-26.44%
266.01
-27.86%
368.76
Operating Revenue
272.83
+39.44%
195.66
-26.44%
266.01
-27.86%
368.76
Selling General And Administration
27.41
-7.55%
29.65
+0.44%
29.52
-0.48%
29.66
General And Administrative Expense
27.41
-7.55%
29.65
+0.44%
29.52
-0.48%
29.66
Salaries And Wages
17.44
-4.43%
18.25
Other Gand A
27.41
-7.55%
29.65
+0.44%
29.52
-0.48%
29.66
Reconciled Depreciation
11.17
-4.24%
11.67
+41.46%
8.25
+1071.59%
0.70
Total Unusual Items
0.00
0.00
-100.00%
0.49
0.00
Total Unusual Items Excluding Goodwill
0.00
0.00
-100.00%
0.49
0.00
Special Income Charges
0.00
0.00
-100.00%
0.49
0.00
Net Income
126.72
+205.92%
-119.64
-305.82%
58.13
-78.08%
265.23
Pretax Income
127.05
+206.55%
-119.24
-303.59%
58.57
-77.92%
265.23
Net Interest Income
166.69
-16.23%
198.98
-21.09%
252.17
+4.39%
241.58
Interest Expense
460.09
-8.70%
503.95
+8.12%
466.11
+72.30%
270.52
Interest Income
626.78
-10.83%
702.93
-2.14%
718.28
+40.26%
512.10
Gain On Sale Of Security
-106.12
-41.43%
-75.03
+44.52%
-135.23
-175.54%
179.03
Tax Provision
0.33
-15.99%
0.39
-10.86%
0.44
0.00
Tax Rate For Calcs
0.00
-98.76%
0.00
+2682.56%
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
-100.00%
0.00
0.00
Net Income Including Noncontrolling Interests
126.72
+205.92%
-119.64
-305.82%
58.13
-78.08%
265.23
Net Income From Continuing Operation Net Minority Interest
126.72
+205.92%
-119.64
-305.82%
58.13
-78.08%
265.23
Net Income From Continuing And Discontinued Operation
126.72
+205.92%
-119.64
-305.82%
58.13
-78.08%
265.23
Net Income Continuous Operations
126.72
+205.92%
-119.64
-305.82%
58.13
-78.08%
265.23
Normalized Income
126.72
+205.92%
-119.64
-307.57%
57.64
-78.27%
265.23
Net Income Common Stockholders
111.91
+182.80%
-135.16
-425.67%
41.50
-83.32%
248.83
Otherunder Preferred Stock Dividend
2.54
-22.05%
3.25
-25.29%
4.35
+5.35%
4.13
Diluted EPS
0.81
+183.51%
-0.97
-434.48%
0.29
-82.74%
1.68
Basic EPS
0.81
+183.51%
-0.97
-434.48%
0.29
-83.62%
1.77
Basic Average Shares
138.87
-0.58%
139.67
-1.14%
141.28
+0.53%
140.53
Diluted Average Shares
138.87
-0.58%
139.67
-1.14%
141.28
-14.64%
165.50
Diluted NI Availto Com Stockholders
111.91
+182.80%
-135.16
-425.67%
41.50
-85.09%
278.35
Average Dilution Earnings
0.00
0.00
0.00
-100.00%
29.52
Depreciation Amortization Depletion Income Statement
11.17
-4.24%
11.67
+41.46%
8.25
+1071.59%
0.70
Depreciation And Amortization In Income Statement
11.17
-4.24%
11.67
+41.46%
8.25
+1071.59%
0.70
Depreciation Income Statement
11.17
-4.24%
11.67
+41.46%
8.25
+1071.59%
0.70
Other Non Interest Expense
119.38
+1.34%
117.80
+6.38%
110.74
+21.97%
90.79
Preferred Stock Dividends
12.27
+0.00%
12.27
+0.00%
12.27
+0.00%
12.27
Professional Expense And Contract Services Expense
38.42
Line Item Trend 2023-12-31
Total Assets
9,296.73
Cash And Cash Equivalents
225.44
Receivables
72.35
Accounts Receivable
72.35
Total Liabilities Net Minority Interest
7,088.00
Payables And Accrued Expenses
93.97
Payables
93.97
Accounts Payable
31.01
Dividends Payable
53.41
Current Debt And Capital Lease Obligation
5,538.48
Current Debt
5,538.48
Long Term Debt And Capital Lease Obligation
1,416.35
Long Term Debt
1,416.35
Long Term Provisions
4.02
Stockholders Equity
2,208.73
Common Stock Equity
2,208.66
Capital Stock
1.48
Common Stock
1.41
Preferred Stock
0.07
Share Issued
141.36
Ordinary Shares Number
141.36
Treasury Shares Number
0.00
Additional Paid In Capital
2,727.49
Retained Earnings
-520.24
Total Equity Gross Minority Interest
2,208.73
Total Capitalization
3,625.08
Invested Capital
9,163.49
Total Debt
6,954.82
Net Debt
6,729.39
Net Tangible Assets
2,208.73
Tangible Book Value
2,208.66
Cash Cash Equivalents And Federal Funds Sold
225.44
Derivative Product Liabilities
25.82
Line Of Credit
5,538.48
Preferred Stock Equity
0.07
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
142.52
-28.83%
200.26
-26.88%
273.86
+2.30%
267.70
Cash Flow From Continuing Operating Activities
142.52
-28.83%
200.26
-26.88%
273.86
+2.30%
267.70
Net Income From Continuing Operations
126.72
+205.92%
-119.64
-305.82%
58.13
-78.08%
265.23
Depreciation Amortization Depletion
11.17
-4.24%
11.67
+41.46%
8.25
+1071.59%
0.70
Depreciation
11.17
-4.24%
11.67
+41.46%
8.25
+1071.59%
0.70
Depreciation And Amortization
11.17
-4.24%
11.67
+41.46%
8.25
+1071.59%
0.70
Other Non Cash Items
-0.98
Stock Based Compensation
13.63
-17.23%
16.47
-5.60%
17.44
-4.43%
18.25
Operating Gains Losses
-22.18
-110.55%
210.31
+43.34%
146.72
+541.87%
-33.20
Gain Loss On Investment Securities
7.44
-94.20%
128.19
+48.02%
86.60
+563.54%
-18.68
Net Foreign Currency Exchange Gain Loss
-14.58
-118.06%
80.74
+59.85%
50.51
+839.67%
-6.83
Change In Working Capital
-12.32
+79.92%
-61.35
-328.72%
-14.31
-36.88%
-10.46
Change In Payables And Accrued Expense
7.75
+110.15%
-76.31
-7983.47%
-0.94
-107.58%
12.46
Change In Payable
7.75
+110.15%
-76.31
-7983.47%
-0.94
-107.58%
12.46
Change In Account Payable
7.86
+110.42%
-75.48
-9715.73%
-0.77
-106.15%
12.50
Change In Other Current Assets
-20.06
-234.16%
14.95
+211.87%
-13.37
+41.65%
-22.91
Investing Cash Flow
-1,387.26
-340.36%
577.17
+743.57%
68.42
+105.11%
-1,339.35
Cash Flow From Continuing Investing Activities
-1,387.26
-340.36%
577.17
+743.57%
68.42
+105.11%
-1,339.35
Capital Expenditure
-100.21
+40.88%
-169.51
-133.38%
-72.63
-119.86%
-33.03
Capital Expenditure Reported
-100.21
+40.88%
-169.51
-133.38%
-72.63
-119.86%
-33.03
Net Investment Purchase And Sale
-6.04
0.00
0.00
Purchase Of Investment
-6.04
0.00
0.00
Net Other Investing Changes
-41.90
-134.77%
120.49
+207.36%
-112.23
-195.76%
117.20
Financing Cash Flow
1,064.97
+254.50%
-689.31
-100.75%
-343.36
-135.84%
957.97
Cash Flow From Continuing Financing Activities
1,064.97
+254.50%
-689.31
-100.75%
-343.36
-135.84%
957.97
Net Issuance Payments Of Debt
1,153.80
+294.00%
-594.75
-440.67%
-110.00
-110.69%
1,029.45
Issuance Of Debt
3,751.58
+87.75%
1,998.20
+147.66%
806.84
-71.55%
2,836.37
Repayment Of Debt
-2,597.78
-0.19%
-2,592.95
-182.81%
-916.85
+49.26%
-1,806.92
Long Term Debt Issuance
3,751.58
+87.75%
1,998.20
+147.66%
806.84
-71.55%
2,836.37
Long Term Debt Payments
-2,597.78
-0.19%
-2,592.95
-182.81%
-916.85
+49.26%
-1,806.92
Net Long Term Debt Issuance
1,153.80
+294.00%
-594.75
-440.67%
-110.00
-110.69%
1,029.45
Net Common Stock Issuance
0.00
+100.00%
-40.81
0.00
0.00
Common Stock Payments
0.00
+100.00%
-40.81
0.00
0.00
Common Stock Dividend Paid
-141.28
+24.02%
-185.95
+7.95%
-202.02
-0.72%
-200.57
Cash Dividends Paid
-153.55
+22.54%
-198.22
+7.50%
-214.29
-0.68%
-212.85
Repurchase Of Capital Stock
0.00
+100.00%
-40.81
0.00
0.00
Net Other Financing Charges
64.72
-55.20%
144.47
+857.72%
-19.07
-113.49%
141.37
Changes In Cash
-179.77
-302.68%
88.69
+2105.25%
4.02
+103.37%
-119.35
Effect Of Exchange Rate Changes
2.20
-32.58%
3.26
+631.43%
-0.61
+64.41%
-1.73
Beginning Cash Position
317.40
+40.79%
225.44
+1.53%
222.03
-35.29%
343.11
End Cash Position
139.82
-55.95%
317.40
+40.79%
225.44
+1.53%
222.03
Free Cash Flow
42.31
+37.59%
30.75
-84.72%
201.23
-14.25%
234.67
Interest Paid Supplemental Data
455.66
-8.04%
495.49
+11.69%
443.63
+80.06%
246.37
Income Tax Paid Supplemental Data
0.19
+470.59%
0.03
-95.72%
0.80
0.00
Common Stock Issuance
Dividends Received CFI
18.13
+100.91%
9.02
0.00
0.00
Earnings Losses From Equity Investments
-15.41
0.00
0.00
0.00
Interest Paid CFO
-0.01
+98.14%
-0.43
+81.48%
-2.32
0.00
Interest Received CFO
39.14
0.00
-100.00%
15.41
-81.60%
83.73
Issuance Of Capital Stock
Net Preferred Stock Issuance
Other Cash Adjustment Inside Changein Cash
0.00
-100.00%
0.58
-88.69%
5.10
+189.84%
-5.68
Preferred Stock Dividend Paid
-12.27
+0.00%
-12.27
+0.00%
-12.27
+0.00%
-12.27
Preferred Stock Payments
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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