Is Apollo Commercial Real Estate Finance (ARI) overvalued or fairly valued?

MarketChacha shows Apollo Commercial Real Estate Finance's valuation in context — a trailing P/E of about 8.7, a forward P/E of about 28.0, a price-to-book of about 0.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Apollo Commercial Real Estate Finance's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (9.46×) from reported figures — education, not a rating.

What is Apollo Commercial Real Estate Finance's revenue?

Apollo Commercial Real Estate Finance reported revenue of $271.6M for FY2025, with net profit of $126.7M, per official filings.

What is the share price of Apollo Commercial Real Estate Finance (ARI)?

Apollo Commercial Real Estate Finance last traded at $6.35 (+0.5% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Apollo Commercial Real Estate Finance

ARI · NYSE · Real Estate · United States

Snapshot

TickerARI

ExchangeNYSE

SectorReal Estate

IndustryREIT - Mortgage

CountryUnited States

HeadquartersNew York, United States

Websitewww.apollocref.com

Filings tracked17

About Apollo Commercial Real Estate Finance

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments. The company is qualified as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was incorporated in 2009 and is based in New York, New York.

Who owns it

Insiders0.6%
Institutions82.9%
Public & other16.6%

352 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.28%
Vanguard Portfolio Management LLC4.74%
Vanguard Capital Management LLC4.69%
Millennium Management Llc3.55%
Geode Capital Management, LLC2.63%
State Street Corporation2.59%
Mirae Asset Global ETFs Holdings Ltd.2.20%
No Street GP LP1.90%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 6.8% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion9.46×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend16.9% → 46.7%

Margin has expanded by about 29.8 points — the business is getting more profitable.

Return on equity6.8%

Latest ROE of 6.8% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -11% · PAT 48%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

EPS 0.05

Est. earnings growth -84.1%

Next fiscal year

EPS 0.23

Est. earnings growth +108.2%

Analyst consensus estimates — not the company's own guidance.

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$271.6M

Net margin

46.7%

ROE

6.8%

Revenue CAGR (2y)

-11.2%

Profit CAGR (2y)

+47.7%

EPS (FY2025)

0.81

Net profit (FY2025)

$126.7M

Ask MarketChacha about ARI

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$271.6M	$126.7M	0.81	46.7%	6.8%
FY2024	$303.7M	$-119.6M	-0.97	-39.4%	-6.4%
FY2023	$344.6M	$58.1M	0.29	16.9%	2.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$44.4M	$25.8M	0.11	58.1%
2026Q1	$58.6M	$26.2M	0.16	44.7%
2025Q3	$61.6M	$50.8M*	0.34	—
2025Q2	$70.9M	$20.7M	0.12	29.3%
2025Q1	$65.8M	$26.0M	0.16	39.5%
2024Q3	$71.6M	$-91.5M	-0.69	-127.9%
2024Q2	$81.1M	$35.8M	0.23	44.1%
2024Q1	$80.5M	$-104.5M	-0.76	-129.8%
2023Q3	$81.2M	$46.1M	0.30	56.8%
2023Q2	$92.2M	$-83.4M	-0.62	-90.5%
2023Q1	$87.1M	$48.9M	0.32	56.1%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/11/2026material
10-Q filing
SEC8/10/2026
8-K — Shareholder vote results
SEC7/13/2026material
8-K — Other events, Exhibits
SEC6/16/2026material
8-K — Executive/director change
SEC5/15/2026material
10-K/A filing
SEC4/30/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/28/2026
8-K — Material agreement, Termination of agreement, Completion of acquisition/disposition, Reg FD disclosure, Exhibits
SEC4/24/2026material
8-K — Shareholder vote results
SEC4/22/2026material
8-K — Results of operations, Exhibits
SEC2/11/2026material
10-K filing
SEC2/10/2026
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC1/28/2026material

2025

8-K — Results of operations, Exhibits
SEC10/31/2025material
10-Q filing
SEC10/30/2025
8-K — Results of operations, Exhibits
SEC7/30/2025material
10-Q filing
SEC7/29/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.