Apollo Commercial Real Estate Finance, Inc.
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Range $10.5 – $13.5
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About the company
Apollo Commercial Real Estate Finance, Inc. functions as a Real Estate Investment Trust (REIT) with a core focus on the U. S.
- CEO
- Stuart A. Rothstein
- IPO
- 2009
- HQ
- New York City, NY, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $815.80M
- P/E
- 7.89
- Fwd P/E
- 12.71
- PEG
- 0.01
- P/S
- 3.13
- P/B
- 0.65
- EV/EBITDA
- -0.10
- Div Yield
- 72.23%
- Gross Margin
- 7.68%
- Op Margin
- 149.01%
- Net Margin
- 50.56%
- ROE
- 7.78%
- ROIC
- 23.85%
Latest fiscal year · YoY change
- Revenue
- $710.49M+1.3%
- Gross Profit
- $568.76M+1.5%
- Op Income
- $464.37M
- Net Income
- $126.72M+205.9%
- EPS
- $0.81+183.5%
- OCF Growth
- -28.8%
- FCF Growth
- +37.6%
- 52W High
- $11.24
- 52W Low
- $6.11
- 50D MA
- $6.64
- 200D MA
- $9.47
- Beta
- 1.45
- RSI (14)
- 30
- Avg Volume
- 3.91M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Apollo Commercial Real Estate Finance reported a modestly profitable first quarter, but the bigger story was the completed $9 billion portfolio sale and the company’s pivot to cash, share repurchases, and a strategic review for the remaining assets.· April 29, 2026
- Completed the $9 billion loan portfolio sale to Athene, leaving about $1.3 billion of cash and 4 REO assets worth about $900 million gross.
- Q1 2026 net income available to common was $23 million, or $0.16 per diluted share; distributable earnings were $31 million, or $0.22 per diluted share.
- Book value per share was $12.01 at March 31 versus $12.14 at year-end 2025; pro forma book value was $12.15 at closing of the portfolio sale.
- Management repurchased 2.9 million shares in Q1 at $10.52 and 3.9 million more after quarter-end at $10.72; total authorization is now up to $150 million.
- The company expects meaningful progress on the strategic review in the next few months and still targets an approximately 8% annualized dividend yield on book value.
- results":"For Q1 2026, ARI reported net income available to common stockholders of $23 million, or $0.16 per diluted share, and distributable earnings of $31 million, or $0.22 per diluted share. Net interest income was $36 million versus $39 million in Q1 2025. Interest income from commercial mortgage loans increased to $150 million from $144 million, while interest expense increased to $114 million from $105 million. Common equity book value per share was $12.01 at March 31 versus $12.14 at the end of Q4 2025; pro forma book value per share at closing of the portfolio sale was $12.15. Looking ahead, management said the balance sheet is now mostly cash and REO, the remaining Chicago hotel loan is expected to be repaid in May through a property sale, and the company still expects to announce the second-quarter dividend on the customary schedule, with the target remaining an approximately 8% annualized dividend yield on book value. The company did not give a detailed full-year earnings guide, but said strategic clarity should come in the next few months and that future dividends likely will include a significant return of capital component.","ceo":"Stuart Rothstein framed the quarter as a value-maximizing transition period following the sale of the $9 billion portfolio. His tone was confident and deliberate, emphasizing that the company believes it created about $12 per share of value and that any new strategic path must be able to exceed current book value. He also signaled that the strategic review is progressing faster than the original year-end timeline, saying he does not envision waiting until the end of the year for a decision and expects meaningful progress in the next few months.","cfo":"Anastasia Mironova focused on the clean-up of the balance sheet and the resulting capital flexibility. She walked through the core financials: $23 million of net income available to common, $31 million of distributable earnings, $36 million of net interest income, and book value per share of $12.01. She noted that ARI repurchased 2.9 million shares at $10.52 in Q1 and another 3.9 million at $10.72 after quarter-end, producing $0.07 of year-to-date book value accretion, and said the Board authorized up to $150 million for buybacks. She also detailed that the Term Loan B has been repaid, the senior secured notes are being redeemed at par around June 15, and the remaining Chicago hotel loan is on nonaccrual with a $42 million amortized cost basis and expected repayment from a property sale.","qanda":"Analysts focused on two main issues: why buy back stock ahead of the strategic review, and what kinds of assets or structures ARI might pursue with its large cash balance. Management said the buybacks are modest relative to the remaining capital and should not limit strategic flexibility, while also stating they believe the stock trades below intrinsic value. On the strategy side, management declined to name specific asset classes, but said CMBS and agency securities could fit the REIT framework, CRE CLOs may require structures to work, and they currently envision no leverage. They also said any future path would be judged against whether it can create more value than the current roughly $12 per share book value.","bull":"The bullish case from the call is that ARI has already monetized its loan portfolio at an attractive outcome and now holds a large cash position with limited debt, giving it flexibility. Management sounded confident that book value is around $12 per share and said the strategic review should produce meaningful clarity within a few months, not at year-end. Share repurchases and the stated 8% dividend target also suggest management sees enough underlying value to return capital while still exploring higher-value options.","bear":"The main risks are that the strategic review may not yield a clearly superior alternative to simply returning capital, and future dividends may be mostly return of capital rather than recurring earnings power. The remaining assets are concentrated in a few REO positions, including hospitality and redevelopment situations that depend on market conditions, rezoning, and buyer interest. Management also highlighted macro uncertainty, including higher rates, inflation, and employment risk, which could affect future strategy and asset values."}】【。assistant to=final 天天中彩票app 天天中彩票如何summary 天天众 json object in specified format. analysis was omitted.】 սպասожил. ಮುಗಿದ.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.0%
- Shares Outstanding
- 130.95M
- Float Shares
- 129.60M
of shares held by institutions
278 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for ARI, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 15.09M | ▼ 116.18K |
| Blackrock, Inc. | 11.93M | ▼ 9.25M |
| Vanguard Portfolio Management LLC | 6.09M | ▼ 1.85M |
| Vanguard Capital Management LLC | 6.03M | ▼ 379.45K |
| Millennium Management LLC | 4.56M | ▲ 3.28M |
| Geode Capital Management, LLC | 3.38M | ▲ 58.44K |
| State Street Corp | 3.33M | ▼ 1.93M |
| Mirae Asset Global Etfs Holdings Ltd. | 2.83M | ▲ 89.35K |
| No Street Gp LP | 2.44M | ▼ 909.10K |
| Charles Schwab Investment Management Inc | 2.04M | ▼ 122.03K |
| Sixth Street Partners Management Company, L.P. | 2.04M | ▲ 2.04M |
| Schonfeld Strategic Advisors LLC | 1.92M | ▲ 1.92M |
Held by 148 ETFs
Biggest fund positions in ARI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 25, 26 | SALVATI MICHAEL | sell | 125 |
| Aug 25, 26 | SALVATI MICHAEL | sell | 835 |
| May 13, 26 | Whonder Carmencita N.M. | sell | 4,574 |
| Apr 1, 26 | BIDERMAN MARK C | other | 9,587 |
| Apr 1, 26 | Whonder Carmencita N.M. | other | 9,587 |
| Apr 1, 26 | Carlton Pamela G | other | 9,587 |
| Apr 1, 26 | SALVATI MICHAEL | other | 9,587 |
| Apr 1, 26 | Kasdin Robert A | other | 9,587 |
| Apr 1, 26 | Romando Brenna Haysom | other | 9,587 |
| Apr 1, 26 | Prince Scott | other | 9,587 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our ARI coverage
Recent articles, reports, and earnings notes.
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