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Apollo Commercial Real Estate Finance, Inc. ARI

NYSE · reit · Real Estate Investment Trusts · website · IPO 2009-09-24 · LEI

Apollo Commercial Real Estate Finance, Inc. statistics & valuation

Market cap$1.4B
P / E10.9×
P / S5.1×
P / B0.7×
Dividend yield10.26%
Net margin46.7%
Return on equity6.8%
Graham number +124.8%$15.60

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($15.60); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
68.80% 6.60% 78.60% 87.40% 16.90% -39.40% 46.70% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
8.20% 9.20% 8.80% 8.80% 0.80% 9.70% 11.30% 2.60% -6.40% 6.80% 2016201720182019202020212022202320242025
Shares outstanding
91.4M 107.1M 153.8M 175.8M 148.0M 168.4M 165.5M 141.4M 139.7M 138.9M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.50% 4.70% 4.30% 3.30% 0.30% 2.70% 2.80% 0.60% -1.40% 1.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$1.74 $1.54 $1.48 $1.40 $0.01 $1.46 $1.68 $0.29 -$0.97 $0.81 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Apollo Commercial Real Estate Finance, Inc. trades at about 8.6× earnings — below its 10-year norm (10-year range 7.2×–1118×, median 12.3×).

7.2× 1118×

Shaded band = 10-year range (7.2×–1118×); dot = today's 8.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin46.7%-39.4%16.9%87.4%78.6%6.6%68.8%———
Return on assets1.3%-1.4%0.6%2.8%2.7%0.3%3.3%4.3%4.7%4.5%
Return on equity6.8%-6.4%2.6%11.3%9.7%0.8%8.8%8.8%9.2%8.2%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.