Data › Companies › ARI

Apollo Commercial Real Estate Finance, Inc. (ARI)

NYSE · Real Estate Investment Trusts · Finance, insurance and real estate · CIK 1467760 · fiscal year ends in Dec

Closing price $6.45 on 29 Oct 2026; 52-week range $6.20 to $11.22.

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months
$237.9M
Revenue growth
-14.7%
Net income, last twelve months
$132.0M
Earnings per share
$0.80
Operating margin
35.1%
Net margin
55.5%
Free cash flow
$21.4M
Return on equity
10.5%
Market value
$827.0M
Price to earnings
8.1x
Dividend yield
15.5%
Cash
$1.2B
Shares outstanding
128.2M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

Fiscal yearYear endRevenueOperating incomeNet incomeEPSFree cash flowFiling
FY202531 Dec 2025$271.6M$113.6M$126.7M$0.81$42.3M10-K filed 10 Feb 2026
FY202431 Dec 2024$303.7M–-$119.6M-$0.97$30.8M10-K filed 10 Feb 2025
FY202331 Dec 2023$344.6M$196.1M$58.1M$0.29$201.2M10-K filed 6 Feb 2024
FY202231 Dec 2022$303.6M$182.5M$265.2M$1.68$234.7M10-K filed 8 Feb 2023
FY202131 Dec 2021$284.5M$194.9M$223.5M$1.46$199.3M10-K filed 8 Feb 2022

By quarter

QuarterQuarter endRevenueNet incomeEPS
Q2 FY202630 Jun 2026$44.4M$25.8M$0.11
Q1 FY202631 Mar 2026$58.6M$26.2M$0.16
Q4 FY202531 Dec 2025$73.3M$29.2M$0.19
Q3 FY202530 Sep 2025$61.6M$50.8M$0.34
Q2 FY202530 Jun 2025$70.9M$20.7M$0.12
Q1 FY202531 Mar 2025$65.8M$26.0M$0.16
Q4 FY202431 Dec 2024$70.5M$40.7M$0.25
Q3 FY202430 Sep 2024$71.6M-$91.5M-$0.69

Company events

The newest 8-K filings of 178 held.

FiledFormEventItems
16 Oct 20268-KDelisting notice, Investor update3.01, 7.01, 9.01
29 Sep 20268-KMaterial agreement, Shareholder vote1.01, 5.07
16 Sep 20268-KOther events8.01
11 Aug 20268-KResults2.02, 9.01
13 Jul 20268-KShareholder vote5.07
16 Jun 20268-KOther events8.01, 9.01
15 May 20268-KLeadership change5.02
29 Apr 20268-KResults2.02, 9.01
24 Apr 20268-KDeal completed, Material agreement, Agreement ended, Investor update1.01, 1.02, 2.01, 7.01, 9.01
22 Apr 20268-KShareholder vote5.07
11 Feb 20268-KResults2.02, 9.01
28 Jan 20268-KMaterial agreement, Investor update1.01, 7.01, 9.01

Every filing

The newest filings with the SEC of 430 held.

FiledFormPeriod
27 Oct 202625–
16 Oct 20268-K16 Oct 2026
29 Sep 20268-K29 Sep 2026
16 Sep 20268-K16 Sep 2026
24 Aug 2026DEFM14A–
11 Aug 20268-K10 Aug 2026
10 Aug 202610-Q30 Jun 2026
14 Jul 2026PREM14A13 Jul 2026
13 Jul 20268-K9 Jul 2026
16 Jun 2026DEFA14A–
16 Jun 20268-K15 Jun 2026
29 May 2026ARS31 Dec 2025

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

TradedInsiderTypeSharesPriceValueHeld afterForm 4
25 Aug 2026Salvati Michael, DirectorSale outside a trading plan835$6.86$5.7K027 Aug 2026
25 Aug 2026Salvati Michael, DirectorSale outside a trading plan125$6.86$858162,41727 Aug 2026
13 May 2026Whonder Carmencita N.M., DirectorSale outside a trading plan4,574$10.93$50.0K24,79915 May 2026
15 Dec 2025Rothstein Stuart, President & CEOSale under a trading plan52,072$10.16$529.1K229,70916 Dec 2025

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

FiledSellerSharesValuePlanned sale
25 Aug 2026SALVATI MICHAEL, Director960$6.6K25 Aug 2026
15 Dec 2025STUART A ROTHSTEIN, Director, Officer52,072$527.0K15 Dec 2025

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

FiledHolderScheduleStakeShares
26 Oct 2026Millennium Management LLC13G amended3.6%4.7M
6 Aug 2026BlackRock, Inc.13G amended0.4%548.4K
31 Jul 2026Vanguard Portfolio Management13G amended4.69%6.1M
30 Jul 2026Newtyn Management, LLC13G7.9%10.3M
30 Jul 2026Millennium Management LLC13G5.3%6.7M
8 Jul 2026BlackRock, Inc.13G amended8.9%11.6M
29 Apr 2026Vanguard Capital Management13G5.33%7.4M
28 Apr 2026Vanguard Portfolio Management13G5.78%8.0M
26 Mar 2026The Vanguard Group13G amended0%0

Trades by members of the House

From each member's periodic transaction report.

TradedMemberTypeAmountDisclosed
9 Jan 2019Donna Shalala (FL27)Purchase$1,001 - $15,00027 Apr 2020
24 Jun 2019Donna Shalala (FL27)Sale$1,001 - $15,00027 Apr 2020

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

SettlementShares shortChangeDays to cover
15 Oct 20267.0M+11.76%2.02
30 Sep 20266.3M+33.05%2.03
15 Sep 20264.7M-14.12%2.48
31 Aug 20265.5M-12.41%1.95
14 Aug 20266.3M+13.26%1.8
31 Jul 20265.5M+14.51%1
15 Jul 20264.8M-32.4%1
30 Jun 20267.1M+13.16%1.12

Funds that hold it

From each fund's latest Form 13F.

333 funds held it at 30 Jun 2026: 136 added and 82 trimmed in the quarter. The largest:

FundSharesValueChange in the quarter
BlackRock, Inc.11,929,835$127.4M-9,254,061
Vanguard Portfolio Management LLC6,088,701$65.0M-1,847,716
Vanguard Capital Management LLC6,025,495$64.4M-379,448
Millennium Management LLC4,563,909$48.7M+3,277,403
Geode Capital Management, LLC3,383,089$36.1M+58,437
State Street Corp.3,331,999$35.6M-1,934,220
Mirae Asset Global ETFS Holdings Ltd.2,834,255$30.3M+89,349
No Street GP LP2,440,900$26.1M-909,100
Charles Schwab Investment Management Inc.2,035,950$21.7M-122,028
Schonfeld Strategic Advisors LLC1,917,086$20.5M+1,917,086

Peers

Companies in the same industry.

  • Welltower Inc. (WELL): revenue $13.8B, market value $170.7B
  • Prologis, Inc. (PLD): revenue $9.4B, market value $121.7B
  • Equinix Inc. (EQIX): revenue $10.1B, market value $102.6B
  • American Tower Corp. (AMT): revenue $11.0B, market value $86.3B
  • Simon Property Group Inc. (SPG): revenue $6.9B, market value $69.9B
  • Digital Realty Trust, Inc. (DLR): revenue $6.8B, market value $67.8B
  • Public Storage (PSA): revenue $5.0B, market value $59.3B
  • Realty Income Corp. (O): revenue $6.1B, market value $54.1B
  • Ventas, Inc. (VTR): revenue $6.8B, market value $44.3B
  • Crown Castle Inc. (CCI): revenue –, market value $37.9B
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