Latest revenue
$58.6M
as of 2026-03-31
Latest net income
$26.2M
as of 2026-03-31
Net margin
44.7%
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Real Estate Investment Trusts (287 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think ARI is heading?
Price · 5Y
Market data
Price feed temporarily unavailable for ARI.
5-year trend
What this company does
Item 1. Business All currency figures expressed herein are expressed in thousands, except share or per share amounts. GENERAL Apollo Commercial Real Estate Finance, Inc. is a corporation that has elected to be taxed as a REIT for U.S. federal income tax purposes and primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. These asset classes are referred to as our target assets. We are externally managed and advised by the Manager, an indirect subsidiary of Apollo Global Management, Inc. (together with its subsidiaries, "Apollo"), a global, high-growth alternative…
AI summary unavailable — showing raw filing excerpt
Generated from ARI's filing dated 2026-02-10
Key risks
Item 1A. Risk Factors Our business and operations are subject to a number of risks and uncertainties, the occurrence of which could adversely affect our business, financial condition, results of operations and ability to make distributions to stockholders and could cause the value of our capital stock to decline. RISKS RELATED TO OUR BUSINESS AND STRUCTURE We operate in a competitive market for investment opportunities and future competition may limit our ability to acquire desirable target assets or dispose of our target assets and could also affect the pricing of these securities. A number of entities compete with us to make the types of investments that we target. We compete with other…
AI summary unavailable — showing raw filing excerpt
Generated from ARI's filing dated 2026-02-10
Profitability
Net margin
46.7%
218.4%Return on equity
6.8%
207.0%Return on assets
1.3%
190.0%Leverage
Debt / equity
4.33×
24.3%Long-term debt / equity
0.66×
1.1%Debt / assets
81.3%
4.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $58.6M | -10.9% | $26.2M | +0.9% | 44.7% |
Q4 2025 2025-12-31 | $73.3M | +4.0% | $29.2M | -28.2% | 39.9% |
Q3 2025 2025-09-30 | $61.6M | -13.9% | $50.8M | +155.5% | 82.4% |
Q2 2025 2025-06-30 | $70.9M | -12.6% | $20.7M | -42.0% | 29.3% |
Q1 2025 2025-03-31 | $65.8M | -18.3% | $26.0M | +124.9% | 39.5% |
Q4 2024 2024-12-31 | $70.5M | — | $40.7M | — | 57.7% |
Q3 2024 2024-09-30 | $71.6M | -11.8% | $-91.5M | -890.1% | -127.9% |
Q2 2024 2024-06-30 | $81.1M | -12.0% | $35.8M | +203.8% | 44.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate Investment Trusts · SIC 6798
Your notes
Keep private notes on ARI — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$1.7M
Net activity
−$1.7M
Distinct insiders
2
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns ARI
Institutional value
$531.8M
Total shares held
51.4M
Distinct holders
168
-90 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 21.2M | $223.7M | -42.8K (-0.2%) | Trimmed |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.9M | $83.8M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 6.4M | $67.6M | — | New |
| 4 | Invesco Ltd. | 2.2M | $22.9M | +926.2K (+74.4%) | Added |
| 5 | Bank of New York Mellon Corp | 930.4K | $9.8M | -7.8K (-0.8%) | Trimmed |
| 6 | VANGUARD FIDUCIARY TRUST CO | 889.9K | $9.4M | — | New |
| 7 | FIRST TRUST ADVISORS LP | 782.5K | $8.3M | +146.1K (+23.0%) | Added |
| 8 | UBS Group AG | 755.5K | $8.0M | +200.4K (+36.1%) | Added |
| 9 | JPMORGAN CHASE & CO | 651.5K | $6.9M | -13.0K (-1.9%) | Trimmed |
| 10 | PRINCIPAL FINANCIAL GROUP INC | 640.3K | $6.8M | -213.6K (-25.0%) | Trimmed |
| 11 | Public Sector Pension Investment Board | 469.4K | $5.0M | +16.7K (+3.7%) | Added |
| 12 | CURA WEALTH ADVISORS, LLC | 437.2K | $4.6M | -386.0K (-46.9%) | Trimmed |
| 13 | RHUMBLINE ADVISERS | 389.8K | $4.1M | +4.7K (+1.2%) | Added |
| 14 | Allianz Asset Management GmbH | 343.6K | $3.6M | -101.2K (-22.7%) | Trimmed |
| 15 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 342.4K | $3.6M | -35.1K (-9.3%) | Trimmed |
| 16 | Carmel Capital Partners, LLC | 336.3K | $3.6M | +21.8K (+6.9%) | Added |
| 17 | Nuveen, LLC | 334.9K | $3.5M | -53.6K (-13.8%) | Trimmed |
| 18 | LPL Financial LLC | 325.9K | $3.4M | -27.4K (-7.8%) | Trimmed |
| 19 | Legal & General Group Plc | 319.4K | $3.4M | -1.1K (-0.3%) | Trimmed |
| 20 | NewGen Asset Management Ltd | 305.7K | $3.2M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once ARI's latest filing finishes processing.
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