Apollo Commercial Real Estate Finance, Inc. ARI
Apollo Commercial Real Estate Finance, Inc. functions as a Real Estate Investment Trust (REIT) with a core focus on the U.S. market. The company specializes in originating, purchasing, maintaining, and overseeing a diverse portfolio of debt instruments related to commercial properties, including primary mortgage loans and subordinate financing structures. Having qualified as a REIT under the Internal Revenue Code, it benefits from an exemption from federal income taxes, provided it distributes a minimum of 90% of its REIT taxable earnings to its shareholders. This entity was established in 2009 and is headquartered in New York, New York.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-10 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Distributable Earnings / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model ARI yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $710.49M | $126.72M | $11.17M | $598.31M | $142.52M |
| 2024 | $701.53M | $-119.64M | $11.67M | $396.38M | $200.26M |
| 2023 | $777.00M | $58.13M | $8.25M | $532.93M | $273.86M |
| 2022 | $641.34M | $265.23M | $704.00K | $536.46M | $267.70M |
| 2021 | $421.23M | $223.51M | $2.65M | $388.68M | $199.38M |
| 2020 | $342.84M | $18.38M | $0.00 | $167.27M | $164.05M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-16 | 2026-06-30 | — | 2026-06-15 | $3.75 | Special |
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-15 | $3.75 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-09 | $0.25 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-12-09 | $0.25 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-09-09 | $0.25 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-06-10 | $0.25 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-11 | $0.25 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-12-10 | $0.25 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-09-11 | $0.25 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-06-11 | $0.35 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-03-12 | $0.35 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-12 | 2023-12-12 | $0.35 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | 2023-09-12 | $0.35 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | 2023-06-13 | $0.35 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-03-14 | $0.35 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-12-13 | $0.35 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-09-13 | $0.35 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-06-14 | $0.35 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-03-15 | $0.35 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-15 | 2021-12-14 | $0.35 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-09-14 | $0.35 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-06-15 | $0.35 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-03-16 | $0.35 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-12-16 | $0.35 | Quarterly |
Coverage (payout of operating cash flow): 97.44%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — ARI
Apollo Commercial Real Estate Finance, Inc. Announces Update Regarding Previously Announced Common Stock Dividend
Honeywell Aerospace Set to Join S&P 500 & S&P 100; Others to Join S&P MidCap 400 and S&P SmallCap 600
Apollo Commercial Being Liquidated, Showing Investors How To Profit (Downgrade)
Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend and Provides Update on Review of Strategic Alternatives
My Dividend Stock Portfolio: New April Dividend Record - 100 Holdings With 5 Buys
What to Know About This Fund’s $5.9 Million Apollo Commercial Real Estate Finance Sale
SRET's Monthly Payouts Survive Global Real Estate Stress, Data Shows
Meta Acquires ARI to Fuel Humanoid Robot Push
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.