Apollo Commercial Real Estate Finance, Inc.

$ARI Market Cap: $1.259 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$568.4M

TTM

Gross Margin

69.81%

TTM

Net Earnings

-$122.1M

TTM

Current Assets

$272.6M

Q3 2024

Current Liabilities

$1.350B

Q3 2024

Current Ratio

20.2%

Q3 2024

Total Assets

$9.098B

Q3 2024

Total Liabilities

$7.230B

Q3 2024

Book Value

$1.868B

Q3 2024

Cash

$194.3M

Q3 2024

P/E

-10.31

Nov 29, 2024 EST

Free Cash Flow

$34.75M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$344.6M	$303.6M	$284.5M	$278.7M	$334.5M	$403.9M	$338.5M	$264.4M	$192.2M	$123.3M	$77.50M	$57.10M	$52.90M	$32.50M	$600.0K
YoY Change	13.49%	6.72%	2.09%	-16.68%	-17.19%	19.32%	28.03%	37.57%	55.88%	59.1%	35.73%	7.94%	62.77%	5316.67%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$344.6M	$303.6M	$284.5M	$278.7M	$334.5M	$403.9M	$338.5M	$264.4M	$192.2M	$123.3M	$77.50M	$57.10M	$52.90M	$32.50M	$600.0K
Cost Of Revenue	$466.1M	$270.5M	$162.5M	$148.9M	$152.9M	$114.6M	$78.10M	$63.80M	$48.90M	$26.50M	$4.400M	$8.400M	$14.50M	$10.70M	$100.0K
Gross Profit	$344.6M	$303.6M	$284.5M	$278.7M	$334.5M	$289.3M	$260.5M	$200.6M	$143.3M	$96.80M	$73.10M	$48.70M	$38.50M	$21.80M	$500.0K
Gross Profit Margin	100.0%	100.0%	100.0%	100.01%	100.01%	71.63%	76.96%	75.87%	74.56%	78.51%	94.32%	85.29%	72.78%	67.08%	83.33%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$140.3M	$120.4M	$86.93M	$66.60M	$64.80M	$56.90M	$52.40M	$48.40M	$26.10M	$18.10M	$17.60M	$14.70M	$10.40M	$8.900M	$2.700M
YoY Change	16.45%	38.56%	30.52%	2.78%	13.88%	8.59%	8.26%	85.44%	44.2%	2.84%	19.73%	41.35%	16.85%	229.63%
% of Gross Profit	40.7%	39.67%	30.55%	23.9%	19.37%	19.67%	20.12%	24.13%	18.21%	18.7%	24.08%	30.18%	27.01%	40.83%	540.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.248M	$704.0K	$2.645M	$0.00	$0.00
YoY Change	1071.59%	-73.38%
% of Gross Profit	2.39%	0.23%	0.93%	0.0%	0.0%
Operating Expenses	$148.5M	$121.2M	$89.57M	$66.60M	$64.83M	$56.89M	$52.38M	$48.37M	$26.11M	$18.11M	$17.58M	$14.68M	$10.38M	$8.895M	$2.700M
YoY Change	22.58%	35.26%	34.5%	2.73%	13.95%	8.62%	8.28%	85.25%	44.17%	3.05%	19.7%	41.45%	16.69%	229.44%
Operating Profit	$196.1M	$182.5M	$194.9M	$212.1M	$269.7M	$232.4M	$208.1M	$152.2M	$117.2M	$78.69M	$55.53M	$34.02M	$28.12M	$12.91M	-$2.200M
YoY Change	7.45%	-6.39%	-8.09%	-21.35%	16.03%	11.67%	36.72%	29.9%	48.93%	41.72%	63.22%	20.97%	117.9%	-686.59%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$466.1M	$270.5M	$162.5M	$148.9M	$152.9M	$114.6M	$78.06M	$63.76M	$48.86M	$26.54M	$4.356M	$8.402M	$14.45M	$10.71M	$100.0K
YoY Change	72.3%	66.45%	9.16%	-2.64%	33.45%	46.81%	22.43%	30.49%	84.1%	509.3%	-48.16%	-41.87%	34.91%	10614.0%
% of Operating Profit	237.71%	148.24%	83.37%	70.2%	56.71%	49.31%	37.51%	41.88%	41.69%	33.73%	7.85%	24.7%	51.4%	83.02%
Other Income/Expense, Net	-$59.43M	$17.62M	$34.77M	-$7.600M	-$20.00M	-$20.00M	-$5.000M	-$15.00M
YoY Change	-437.22%	-49.32%	-557.54%	-62.0%	0.0%	300.0%	-66.67%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$58.57M	$265.2M	$223.5M	$18.40M	$230.2M	$220.0M	$193.0M	$157.9M	$103.3M	$82.70M	$52.50M	$40.20M	$25.90M	$11.00M	-$2.200M
YoY Change	-77.92%	18.66%	1114.76%	-92.01%	4.64%	13.99%	22.23%	52.86%	24.91%	57.52%	30.6%	55.21%	135.45%	-600.0%
Income Tax	$400.0K	$0.00	$0.00							$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	0.68%	0.0%	0.0%							0.0%	0.0%	0.0%	0.0%	0.0%
Net Earnings	$58.13M	$265.2M	$223.5M	$18.38M	$230.2M	$220.0M	$193.0M	$157.9M	$103.3M	$82.74M	$52.49M	$40.18M	$25.88M	$11.00M	-$2.200M
YoY Change	-78.08%	18.66%	1116.28%	-92.02%	4.63%	13.96%	22.27%	52.9%	24.8%	57.64%	30.62%	55.25%	135.31%	-599.95%
Net Earnings / Revenue	16.87%	87.35%	78.56%	6.59%	68.82%	54.47%	57.03%	59.71%	53.72%	67.1%	67.72%	70.37%	48.93%	33.84%	-366.67%
Basic Earnings Per Share	$0.29	$1.77	$1.48	$0.01	$1.41	$1.52	$1.54	$1.74
Diluted Earnings Per Share	$0.29	$1.68	$1.46	$0.01	$1.40	$1.48	$1.54	$1.74	$1.742M	$1.892M	$1.471M	$1.779M	$1.378M	$866.1K	-$209.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$225.4M	$222.0M	$343.1M	$325.5M	$452.3M	$109.8M	$77.70M	$201.0M	$67.40M	$40.60M	$20.10M	$108.6M	$21.60M	$37.90M	$130.0M
YoY Change	1.53%	-35.29%	5.41%	-28.03%	311.93%	41.31%	-61.34%	198.22%	66.01%	101.99%	-81.49%	402.78%	-43.01%	-70.85%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$297.8M	$287.4M	$384.3M	$366.1M	$452.3M	$109.8M	$77.70M	$220.3M	$84.30M	$51.40M	$26.10M	$112.9M	$29.70M	$43.50M	$131.2M
YoY Change	3.61%	-25.22%	4.98%	-19.06%	311.93%	41.31%	-64.73%	161.33%	64.01%	96.93%	-76.88%	280.13%	-31.72%	-66.84%
Property, Plant & Equipment	$519.5M	$302.7M	$151.8M
YoY Change	71.63%	99.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$439.0M	$564.3M	$848.1M	$1.046B	$1.056B	$1.050B	$1.329B	$1.551B	$1.600B	$1.292B	$688.9M	$285.5M	$601.4M	$642.8M	$153.6M
YoY Change	-22.2%	-33.47%	-18.91%	-0.99%	0.65%	-21.01%	-14.32%	-3.09%	23.83%	87.59%	141.3%	-52.53%	-6.44%	318.49%
Other Assets	$78.65M	$162.4M	$0.00	$42.90M			$0.00	$62.50M	$30.10M	$37.60M	$30.80M	$700.0K	$2.000M	$2.800M	$300.0K
YoY Change	-51.57%		-100.0%				-100.0%	107.64%	-19.95%	22.08%	4300.0%	-65.0%	-28.57%	833.33%
Total Long-Term Assets	$8.999B	$9.281B	$8.032B	$6.574B	$6.436B	$4.986B	$4.011B	$3.263B	$2.628B	$1.794B	$881.4M	$675.5M	$861.5M	$814.6M	$203.9M
YoY Change	-3.04%	15.54%	22.19%	2.14%	29.08%	24.31%	22.93%	24.14%	46.53%	103.51%	30.48%	-21.59%	5.76%	299.51%
Total Assets	$9.297B	$9.568B	$8.417B	$6.940B	$6.888B	$5.096B	$4.089B	$3.483B	$2.713B	$1.845B	$907.5M	$788.4M	$891.2M	$858.1M	$335.1M
YoY Change
Accounts Payable	$6.078M	$150.2M	$9.084M	$4.800M	$6.900M	$1.500M	$1.500M	$17.70M	$9.200M	$7.600M	$2.700M	$1.300M	$1.700M	$2.400M	$300.0K
YoY Change	-95.95%	1553.61%	89.25%	-30.43%	360.0%	0.0%	-91.53%	92.39%	21.05%	181.48%	107.69%	-23.53%	-29.17%	700.0%
Accrued Expenses	$31.01M	$23.94M	$16.17M	$14.00M	$16.10M	$14.20M	$12.80M
YoY Change	29.52%	48.11%	15.47%	-13.04%	13.38%	10.94%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$864.2M	$3.100B	$2.224B	$2.592B	$2.623B
YoY Change	-72.12%	39.38%	-14.2%	-1.17%
Total Short-Term Liabilities	$100.1M	$3.337B	$2.327B	$2.672B	$2.727B	$113.0M	$79.00M	$76.00M	$52.30M	$31.90M	$22.60M	$16.20M	$11.70M	$10.30M	$1.700M
YoY Change	-97.0%	43.38%	-12.89%	-2.02%	2313.19%	43.04%	3.95%	45.32%	63.95%	41.15%	39.51%	38.46%	13.59%	505.88%
Long-Term Debt	$6.955B	$3.871B	$3.786B	$1.929B	$1.505B	$2.472B	$1.916B	$1.475B	$1.292B	$958.2M	$202.0M	$225.2M	$542.0M	$540.1M	$128.1M
YoY Change	79.69%	2.24%	96.27%	28.14%	-39.1%	29.01%	29.9%	14.14%	34.85%	374.36%	-10.3%	-58.45%	0.35%	321.62%
Other Long-Term Liabilities	$33.12M	$6.493M	$0.00	$64.20M	$19.30M	$0.00	$5.600M		-$7.400M		$0.00	$200.0K	$500.0K	$10.00M	$10.00M
YoY Change	410.12%		-100.0%	232.64%		-100.0%					-100.0%	-60.0%	-95.0%	0.0%
Total Long-Term Liabilities	$6.988B	$3.877B	$3.786B	$1.993B	$1.525B	$2.472B	$1.921B	$1.475B	$1.285B	$958.2M	$202.0M	$225.4M	$542.5M	$550.1M	$138.1M
YoY Change	80.24%	2.41%	89.95%	30.73%	-38.32%	28.64%	30.28%	14.8%	34.07%	374.36%	-10.38%	-58.45%	-1.38%	298.33%
Total Liabilities	$7.088B	$7.214B	$6.122B	$4.670B	$4.258B	$2.586B	$2.001B	$1.551B	$1.337B	$990.1M	$224.5M	$241.5M	$554.3M	$560.3M	$139.8M
YoY Change	-1.74%	17.83%	31.11%	9.65%	64.66%	29.27%	29.0%	15.97%	35.06%	341.02%	-7.04%	-56.43%	-1.07%	300.79%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	141.3M shares	140.5M shares	139.9M shares	148.0M shares	146.9M shares	124.1M shares	99.86M shares	72.37M shares	58.67M shares	43.46M shares	35.21M shares	22.26M shares	18.84M shares
Diluted Shares Outstanding	141.3M shares	165.5M shares	168.4M shares	148.0M shares	175.8M shares	153.8M shares	101.2M shares	73.31M shares	59.27M shares	43.68M shares	35.68M shares	22.65M shares	19.09M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.2588 Billion

About Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc. engages in the provision of real estate investment trust. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2009-09-24. The firm primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company’s principal business objective is to acquire its target assets in order to provide attractive risk-adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. Its investment strategy is to identify opportunities within its target assets through its manager and its affiliates as well as their platform, which integrates real estate experience with private equity and capital markets in transaction sourcing, underwriting, execution, asset operation, management and disposition. Its target assets are secured by real estate throughout the United States and Europe. The firm is externally managed and advised by ACREFI Management, LLC.

Industry: Real Estate Investment Trusts Peers: ANNALY CAPITAL MANAGEMENT INC ARBOR REALTY TRUST INC CHIMERA INVESTMENT CORP Claros Mortgage Trust, Inc. HA Sustainable Infrastructure Capital, Inc. KKR Real Estate Finance Trust Inc. Ladder Capital Corp Rithm Capital Corp. Ready Capital Corp TWO HARBORS INVESTMENT CORP.