Apollo Commercial Real Estate Finance Inc
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 di… Read more
Apollo Commercial Real Estate Finance Inc (ARI) - Net Assets
Latest net assets as of December 2025: $1.86 Billion USD
Based on the latest financial reports, Apollo Commercial Real Estate Finance Inc (ARI) has net assets worth $1.86 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.90 Billion) and total liabilities ($8.04 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.86 Billion |
| % of Total Assets | 18.75% |
| Annual Growth Rate | 15.11% |
| 5-Year Change | -19.11% |
| 10-Year Change | -3.94% |
| Growth Volatility | 24.32 |
Apollo Commercial Real Estate Finance Inc - Net Assets Trend (2009–2025)
This chart illustrates how Apollo Commercial Real Estate Finance Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Apollo Commercial Real Estate Finance Inc (2009–2025)
The table below shows the annual net assets of Apollo Commercial Real Estate Finance Inc from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.86 Billion | -0.98% |
| 2024-12-31 | $1.87 Billion | -15.13% |
| 2023-12-31 | $2.21 Billion | -6.19% |
| 2022-12-31 | $2.35 Billion | +2.61% |
| 2021-12-31 | $2.29 Billion | +1.06% |
| 2020-12-31 | $2.27 Billion | -13.67% |
| 2019-12-31 | $2.63 Billion | +4.79% |
| 2018-12-31 | $2.51 Billion | +20.19% |
| 2017-12-31 | $2.09 Billion | +8.07% |
| 2016-12-31 | $1.93 Billion | +40.48% |
| 2015-12-31 | $1.38 Billion | +60.86% |
| 2014-12-31 | $855.07 Million | +25.20% |
| 2013-12-31 | $682.96 Million | +24.87% |
| 2012-12-31 | $546.92 Million | +62.30% |
| 2011-12-31 | $336.98 Million | +13.14% |
| 2010-12-31 | $297.84 Million | +52.51% |
| 2009-12-31 | $195.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Apollo Commercial Real Estate Finance Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 84751100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.39 Million | 0.07% |
| Other Components | $2.70 Billion | 145.70% |
| Total Equity | $1.86 Billion | 100.00% |
Apollo Commercial Real Estate Finance Inc Competitors by Market Cap
The table below lists competitors of Apollo Commercial Real Estate Finance Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Despegar.com Corp
NYSE:DESP
|
$1.36 Billion |
|
Nuode Investment Co Ltd
SHG:600110
|
$1.36 Billion |
|
Dime Community Bancshares Inc
NASDAQ:DCOM
|
$1.36 Billion |
|
Guangdong Kingshine Electronic Tech
SHE:300903
|
$1.36 Billion |
|
Viva Energy Group Ltd
AU:VEA
|
$1.36 Billion |
|
Qfin Holdings, Inc.
F:CKR0
|
$1.36 Billion |
|
Zhejiang Narada Power Source
SHE:300068
|
$1.36 Billion |
|
JinkoSolar Holding Company Limited
NYSE:JKS
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Apollo Commercial Real Estate Finance Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,874,481,000 to 1,856,090,000, a change of -18,391,000 (-1.0%).
- Net income of 126,720,000 contributed positively to equity growth.
- Dividend payments of 153,548,000 reduced retained earnings.
- Share repurchases of 5,008,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $126.72 Million | +6.83% |
| Dividends Paid | $153.55 Million | -8.27% |
| Share Repurchases | $5.01 Million | -0.27% |
| Other Changes | $13.45 Million | +0.72% |
| Total Change | $- | -0.98% |
Book Value vs Market Value Analysis
This analysis compares Apollo Commercial Real Estate Finance Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.56x to 0.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $18.60 | $10.43 | x |
| 2010-12-31 | $23.49 | $10.43 | x |
| 2011-12-31 | $17.89 | $10.43 | x |
| 2012-12-31 | $24.15 | $10.43 | x |
| 2013-12-31 | $19.14 | $10.43 | x |
| 2014-12-31 | $19.57 | $10.43 | x |
| 2015-12-31 | $23.20 | $10.43 | x |
| 2016-12-31 | $26.36 | $10.43 | x |
| 2017-12-31 | $20.63 | $10.43 | x |
| 2018-12-31 | $16.32 | $10.43 | x |
| 2019-12-31 | $14.96 | $10.43 | x |
| 2020-12-31 | $15.34 | $10.43 | x |
| 2021-12-31 | $13.63 | $10.43 | x |
| 2022-12-31 | $14.23 | $10.43 | x |
| 2023-12-31 | $15.63 | $10.43 | x |
| 2024-12-31 | $13.42 | $10.43 | x |
| 2025-12-31 | $13.37 | $10.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Apollo Commercial Real Estate Finance Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.84%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 5.33x
- Recent ROE (6.83%) is above the historical average (6.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -1.11% | -390.65% | 0.00x | 1.72x | $-21.70 Million |
| 2010 | 3.69% | 55.29% | 0.02x | 2.88x | $-18.78 Million |
| 2011 | 7.68% | 71.37% | 0.04x | 2.64x | $-7.82 Million |
| 2012 | 7.35% | 73.24% | 0.07x | 1.44x | $-14.51 Million |
| 2013 | 7.68% | 74.91% | 0.08x | 1.33x | $-15.81 Million |
| 2014 | 9.68% | 81.91% | 0.05x | 2.16x | $-2.77 Million |
| 2015 | 7.51% | 82.01% | 0.05x | 1.98x | $-34.29 Million |
| 2016 | 8.17% | 87.07% | 0.05x | 1.80x | $-35.35 Million |
| 2017 | 9.24% | 75.64% | 0.06x | 1.96x | $-15.78 Million |
| 2018 | 8.77% | 73.46% | 0.06x | 2.03x | $-30.99 Million |
| 2019 | 8.75% | 73.07% | 0.05x | 2.62x | $-32.82 Million |
| 2020 | 0.81% | 8.73% | 0.03x | 3.06x | $-208.68 Million |
| 2021 | 9.74% | 53.06% | 0.05x | 3.67x | $-5.95 Million |
| 2022 | 11.26% | 41.36% | 0.07x | 4.06x | $29.78 Million |
| 2023 | 2.63% | 7.48% | 0.08x | 4.21x | $-162.75 Million |
| 2024 | -6.38% | -17.05% | 0.08x | 4.49x | $-307.08 Million |
| 2025 | 6.83% | 17.84% | 0.07x | 5.33x | $-58.89 Million |
Industry Comparison
This section compares Apollo Commercial Real Estate Finance Inc's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $925,849,846
- Average return on equity (ROE) among peers: 7.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Apollo Commercial Real Estate Finance Inc (ARI) | $1.86 Billion | -1.11% | 4.33x | $1.36 Billion |
| Arbor Realty Trust (ABR) | $361.58 Million | 13.94% | 5.10x | $1.46 Billion |
| Acres Commercial Realty Corp (ACR) | $228.83 Million | 2.77% | 6.85x | $126.82 Million |
| Ares Commercial Real Estate (ACRE) | $456.49 Million | 7.51% | 2.02x | $265.18 Million |
| AFC Gamma Inc (AFCG) | $91.65 Million | 11.30% | 0.03x | $40.49 Million |
| AGNC Investment Corp (AGNCL) | $546.82 Million | 21.69% | 7.46x | $27.70 Billion |
| AGNC Investment Corp. 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock (AGNCZ) | $6.21 Billion | 12.40% | 8.33x | $245.43K |
| Great Ajax Corp (AJX) | $282.72 Million | 9.85% | 2.39x | $347.80K |
| Angel Oak Mortgage Inc (AOMR) | $44.05 Million | -14.07% | 8.78x | $127.29 Million |
| ARMOUR Residential REIT Inc (ARR) | $108.71 Million | 6.01% | 10.12x | $2.04 Billion |