Company Analysis

Apollo Commercial Real Estate F ARI

A comprehensive view of key metrics, scores, and financial health for Apollo Commercial Real Estate F

Overview of Apollo Commercial Real Estate Finance, Inc.

ARI NYQ

Real Estate REIT - Mortgage Small Cap

Apollo Commercial Real Estate Finance, Inc. (ARI), is a Small Cap company, in the REIT - Mortgage industry, last closed at $10.27, about 65.4% overvalued vs fair value, +3.0% 1Y return, placing in the top 10% of its sector.

$10.27

-0.68%

As of March 13, 2026

Previous close • Vol 90d: 20.2%

52-Week Range

Low

7.98

75%

Now 10.27

High

11.02

Market Cap

$1.43B

Enterprise Value

$9.21B

Overall Score

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Top Beats

Quick Facts

Website https://www.apollocref.com

HQ New York, NY

Fiscal year Dec 31

Next Events

Dividend Mar 31

Earnings Apr 23 Estimated

Fair Value Snapshot

Bear Base Bull

Current: $10.27 -65% vs base

Engine Room Money Flow™

Small Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps

Total Revenue

$272.8M

39.4%%

Net Operating Income

$464.4M

11.2%%

Net Income

$111.9M

205.9%%

FFO (Funds From Operations)

$115.7M

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Real Estate Investment Trust

Data Quality Notes

Note: For REITs, FFO and AFFO are the key cash metrics. Net Income is distorted by high depreciation on properties.
Note: Owner Pocket percentages are relative to AFFO (not FCF), as AFFO represents true cash available for distribution.
Warning: AFFO Payout Ratio is 170%, exceeding 100%. Dividend may not be sustainable without additional capital.
Warning: Interest Coverage is 1.3x, indicating potential debt service pressure.
Note: Increased leverage - net debt issuance of $1.2B.

Quality & Reliability Indicators

FFO Payout Ratio

132.8%

Poor

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$153.5M

203.2% of AFFO

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

1/4

Improving

High Impact

Critical

High

CapEx Hunger

Current: 70.3%

Reinvestment Leak

Worsening

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Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Moderate

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AFFO Strength

Moderate

Balance Sheet & Cost of Capital

Developing

Capital Recycling & Growth

Developing

Operational Efficiency

Moderate

Portfolio Quality & Diversification

Developing

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 100% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

55th percentile vs peers

Key Signals

EPS Growth YoY 1.87 93p Rev Growth YoY 39.4% 46p TSR 24.5% 85p EPS CAGR 3Y -18.6% 47p Revenue CAGR 3Y -9.6% 27p

Strengths

Eps Growth Yoy in top 20% of peers (1.87, 93th percentile)
Tsr in top 20% of peers (24.5%, 85th percentile)
Gross Profit Margin in top 20% of peers (2.44, 91th percentile)
Debt/Fcf Ratio in top 20% of peers (187.14, 97th percentile)
Consistently strong margins across 5 metrics

Risks

No significant risks identified for this axis.

Profitability

59th percentile vs peers

Key Signals

Strengths

Risks

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Safety

58th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Apollo Commercial Real Estate F.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$3.55

- - -

-65.4% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Apollo Commercial Real Estate F ARI

Overview of Apollo Commercial Real Estate Finance, Inc.

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

FFO Payout Ratio

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

CapEx Hunger

Locked Leak

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Locked Leak

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Rent Pricing Power

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AFFO Strength

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Balance Sheet & Cost of Capital

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Capital Recycling & Growth

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Operational Efficiency

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Portfolio Quality & Diversification

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Growth

Profitability

Safety

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