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 | $12.86M | $180.13M | $164.05M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-10-30 | 2026-10-20 | — | — | $4.10 | Semi-Annual |
| 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 |
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. Provides Update on Liquidation Activities
Apollo Commercial Real Estate Finance, Inc. Declares Initial Cash Liquidating Distribution
Apollo Commercial Real Estate Finance (NYSE:ARI) Sets New 1-Year Low – Here’s Why
Dirt Cheap Income Opportunity, Generational Upside Potential, Yield +13%
Undercovered Dozen: Blue Owl Capital, Archer Aviation, Apollo Commercial And More
Apollo Commercial: A 20% Liquidation Opportunity Hiding In Plain Sight
Apollo Commercial's Liquidation: Buy, Sell, Or Hold?
New Strong Sell Stocks for August 4th
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.