NYSE : ARI

Apollo Commercial Real Estate Finance, Inc. — Financial statements

Real Estate · REIT - Mortgage · United States

Last price 2.33 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 298.73M

Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports

Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Interest and Dividend Income506.71M626.78M702.93M718.28M512.10M428.12M
Total Interest Expense378.36M460.09M503.95M466.11M270.52M162.52M
Net Interest Income128.34M166.69M198.98M252.17M241.58M265.59M
Other Revenue109.54M104.90M104.69M92.42M62.06M18.92M
Revenue Before Loan Losses237.89M271.59M303.67M344.59M303.64M284.51M
Provision for Loan Losses-386.40M3.23M155.78M59.43M-17.62M-34.77M
Revenue624.29M268.36M147.89M285.16M321.26M319.28M
Salaries & Employee Benefits12.89M13.63M16.47M17.44M18.25M17.63M
Cost of Services Provided126.61M133.16M130.98M122.81M102.20M69.30M
Other Operating Expenses550.00K
Total Operating Expenses154.31M157.96M159.12M148.50M121.15M90.12M
Operating Income469.99M110.40M-11.23M136.66M200.11M229.16M
Earnings From Equity Investments13.56M15.41M
Currency Exchange Gain (Loss)8.19M780.00K15.11M3.82M30.58M9.99M
EBT Excluding Unusual Items508.35M134.49M8.95M144.68M246.55M244.28M
Gain (Loss) on Sale of Investments-345.29M-7.44M-128.19M-86.60M18.68M-20.77M
Other Unusual Items-30.71M495.00K
Pretax Income132.35M127.05M-119.24M58.57M265.23M223.51M
Income Tax Expense356.00K331.00K394.00K442.00K
Net Income132.00M126.72M-119.64M58.13M265.23M223.51M
Preferred Dividends & Other Adjustments22.81M14.81M15.52M16.62M16.40M16.84M
Net Income to Common109.18M111.91M-135.16M41.50M248.83M206.67M
Shares Outstanding (Basic)136.99M138.87M139.67M141.28M140.53M139.87M
Shares Outstanding (Diluted)137.13M138.87M139.67M141.28M165.50M168.40M
EPS (Basic)0.800.81-0.970.291.771.48
EPS (Diluted)0.800.81-0.970.291.681.46
Dividend Per Share1.001.001.201.401.401.40
Operating Margin75.28%41.14%-7.60%47.92%62.29%71.77%
Profit Margin17.49%41.70%-91.39%14.55%77.45%64.73%
Effective Tax Rate0.27%0.26%0.76%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents1.24B139.82M317.40M225.44M222.03M343.11M
Long-Term Investments24.97M23.76M20.07M
Trading Asset Securities58.17M29.43M128.64M16.79M
Loans & Lease Receivables8.78B7.15B8.36B8.69B7.86B
Other Receivables70.83M58.47M72.35M65.38M41.22M
Property, Plant & Equipment856.97M842.95M752.64M519.50M302.69M151.79M
Other Current Assets27.44M78.65M162.40M
Other Long-Term Assets14.88M17.79M8.64M7.00M1.85M3.35M
Total Assets2.14B9.90B8.41B9.30B9.57B8.42B
Accounts Payable14.10M13.16M11.57M578.00K7.25M9.08M
Accrued Expenses3.44M42.49M36.99M40.56M33.67M25.94M
Short-Term Debt26.79M
Current Portion of Long-Term Debt701.11M254.49M
Long-Term Debt371.43M7.22B6.39B6.95B6.72B5.98B
Other Current Liabilities492.48M38.67M92.40M82.51M198.32M74.25M
Other Long-Term Liabilities5.76M5.95M9.52M4.35M30.17M
Total Liabilities881.44M8.04B6.54B7.09B7.21B6.12B
Common Stock1.28M1.39M1.38M1.41M1.41M1.40M
Additional Paid-In Capital2.58B2.70B2.70B2.73B2.72B2.72B
Retained Earnings-1.33B-849.68M-822.67M-520.24M-363.88M-427.88M
Total Common Equity1.25B1.86B1.87B2.21B2.35B2.29B
Shareholders' Equity1.25B1.86B1.87B2.21B2.35B2.29B
Total Liabilities & Equity2.14B9.90B8.41B9.30B9.57B8.42B
Total Debt371.43M7.94B6.39B6.95B6.97B5.98B
Net Cash (Debt)868.05M-7.80B-6.01B-6.70B-6.62B-5.62B
Net Cash Per Share6.33-56.20-43.06-47.42-40.00-33.39
Filing Date Shares Outstanding128.21M139.60M138.87M142.10M141.27M140.54M
Total Common Shares Outstanding128.21M138.94M138.17M141.36M140.60M139.89M
Working Capital729.46M8.19B7.49B8.65B8.77B8.15B
Book Value Per Share9.7913.3613.5715.6216.7516.40
Tangible Book Value1.25B1.86B1.87B2.21B2.35B2.29B
Tangible Book Value Per Share9.7913.3613.5715.6216.7516.40

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income132.00M126.72M-119.64M58.13M265.23M223.51M
Depreciation & Amortization14.80M11.17M11.67M8.25M704.00K2.65M
Other Amortization15.89M17.22M17.42M15.96M12.03M13.74M
Loss (Gain) From Sale of Investments312.01M-25.28M99.59M65.86M-77.34M-49.59M
Provision for Credit Losses-386.40M3.23M155.78M59.43M-17.62M-34.77M
Loss (Gain) on Equity Investments-16.36M-15.41M161.00K
Stock-Based Compensation12.89M13.63M16.47M17.44M18.25M17.63M
Change in Accounts Payable-31.04M7.86M-75.48M-769.00K12.50M4.46M
Change in Other Net Operating Assets66.10M18.95M13.70M-452.00K60.78M37.20M
Other Operating Activities-33.43M-15.56M80.74M50.02M-6.83M-15.62M
Operating Cash Flow86.46M142.52M200.26M273.86M267.70M199.38M
Cash Acquisitions4.15M
Investment in Securities14.63M12.08M9.02M
Net Decrease (Increase) in Loans Originated / Sold - Investing8.70B-1.30B577.61M239.35M-1.47B-1.50B
Other Investing Activities120.96M5.09M160.05M-98.86M164.07M92.49M
Investing Cash Flow8.77B-1.39B577.17M68.42M-1.34B-1.36B
Long-Term Debt Issued3.85B2.16B806.84M3.00B3.08B
Long-Term Debt Repaid-2.60B-2.59B-916.85M-1.81B-1.66B
Net Debt Issued (Repaid)-7.50B1.25B-431.93M-110.00M1.19B1.42B
Repurchase of Common Stock-129.16M-5.01M-48.29M-6.86M-6.97M-4.28M
Common Dividends Paid-140.93M-141.28M-185.95M-202.02M-200.57M-199.65M
Preferred Dividends Paid-12.27M-12.27M-12.27M-12.27M-12.27M-12.96M
Total Dividends Paid-153.21M-153.55M-198.22M-214.29M-212.85M-212.61M
Other Financing Activities-13.74M-28.41M-10.87M-12.21M-16.49M-24.06M
Financing Cash Flow-7.79B1.06B-689.31M-343.36M957.97M1.18B
Foreign Exchange Rate Adjustments1.62M2.20M3.26M-614.00K-1.73M
Net Cash Flow1.06B-177.57M91.96M3.41M-121.08M17.61M
Cash Interest Paid413.33M455.66M495.49M443.63M246.37M137.67M
Cash Income Tax Paid107.00K194.00K34.00K795.00K

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization298.73M1.34B1.20B1.66B1.51B1.84B
PE Ratio2.9212.0239.996.088.91
PS Ratio0.485.018.095.824.715.77
PB Ratio0.240.720.640.750.640.80
P/OCF Ratio3.469.445.976.065.659.23
Debt / Equity Ratio0.304.283.413.152.962.61
Net Debt / Equity Ratio-0.694.213.213.032.812.45
Quick Ratio2.4310.9353.8470.2918.4375.60
Current Ratio2.4310.9754.1370.9218.7675.60
Asset Turnover0.100.030.020.030.040.04
Return on Equity (ROE)8.51%6.79%-5.86%2.55%11.41%9.79%
Return on Assets (ROA)2.21%1.38%-1.35%0.62%2.95%2.91%
Return on Invested Capital (ROIC)8.08%1.22%-0.13%1.47%2.27%3.04%
Earnings Yield34.21%9.42%-10.00%3.50%17.53%12.14%
Dividend Yield42.92%10.33%13.86%11.92%13.01%10.64%
Payout Ratio608.54%121.17%368.66%80.25%95.12%
Buyback Yield / Dilution0.98%0.58%1.14%14.64%1.72%-13.78%
Total Shareholder Return43.90%10.91%14.99%26.56%14.73%-3.14%