ARI - Apollo Commercial Real Estate Finance, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$12.00
DETAILS
HIGH:
$13.50
LOW:
$10.50
MEDIAN:
$12.00
CONSENSUS:
$12.00
UPSIDE:
9.69%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 710.5 | 701.5 | 777.0 | 641.3 | 421.2 | 342.8 | 489.0 | 413.6 | 288.2 | 296.8 | 196.9 | 123.3 | 77.3 | 56.4 | 51.1 | 32.0 | 0.6 |
| Cost of Revenue | 141.7 | 141.1 | 127.2 | 92.2 | 63.4 | 39.8 | 40.7 | 36.4 | 31.7 | 23.4 | 16.6 | 12.0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 568.8 | 560.4 | 649.8 | 549.1 | 357.9 | 303.1 | 448.3 | 377.2 | 256.5 | 273.4 | 180.3 | 111.4 | 77.3 | 56.4 | 51.1 | 32.0 | 0.6 |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 61.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | 42.8 | 142.7 | 182.2 | (100.5) | (56.6) | 164.3 | 240.1 | 11.1 | 78.1 | 115.9 | 76.8 | 24.5 | 24.8 | 16.3 | 25.2 | 21.0 | 2.8 |
| Operating Expenses | 104.4 | 142.7 | 182.2 | (100.5) | (56.6) | 164.3 | 240.1 | 11.1 | 78.1 | 115.9 | 76.8 | 24.5 | 24.8 | 16.3 | 25.2 | 21.0 | 2.8 |
| Operating Income | |||||||||||||||||
| Operating Income | 464.4 | 417.7 | 467.5 | 649.7 | 414.5 | 138.7 | 208.2 | 366.1 | 178.4 | 157.5 | 103.4 | 86.9 | 52.5 | 40.2 | 25.9 | 11.0 | (2.2) |
| Interest Expense | 460.1 | 503.9 | 466.1 | 270.5 | 162.5 | 148.9 | 152.9 | 114.6 | 78.1 | 63.8 | 48.9 | 26.5 | 4.4 | 8.4 | 14.5 | 10.7 | 0.1 |
| Interest Income | 626.8 | 702.9 | 718.3 | 512.1 | 428.1 | 427.6 | 487.4 | 403.9 | 339.5 | 265.5 | 193.4 | 123.4 | 77.5 | 57.1 | 52.9 | 32.5 | 0.7 |
| Profitability | |||||||||||||||||
| EBITDA | 598.3 | 396.4 | 532.9 | 536.5 | 388.7 | 167.3 | 383.1 | 334.6 | 271.1 | 221.6 | 152.1 | 109.3 | 56.8 | 48.6 | 40.3 | 21.7 | (2.1) |
| EBIT | 587.1 | 384.7 | 524.7 | 535.8 | 386.0 | 167.3 | 383.1 | 334.6 | 271.1 | 221.6 | 152.1 | 109.3 | 56.8 | 48.6 | 40.3 | 21.7 | (2.1) |
| Income Before Tax | 127.1 | (119.2) | 58.6 | 265.2 | 223.5 | 18.4 | 230.2 | 220.0 | 193.0 | 157.9 | 103.3 | 82.7 | 52.5 | 40.2 | 25.9 | 11.0 | (2.2) |
| Income Tax Expense | 0.3 | 0.4 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 126.7 | (119.6) | 58.1 | 265.2 | 223.5 | 18.4 | 230.2 | 220.0 | 193.0 | 157.9 | 103.3 | 82.7 | 52.5 | 40.2 | 25.9 | 11.0 | (2.2) |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | 0.81 | -0.97 | 0.29 | 1.77 | 1.48 | 0.01 | 1.41 | 1.52 | 1.54 | 1.73 | 1.53 | 1.72 | 1.26 | 1.64 | 1.35 | 0.87 | -0.21 |
| EPS (Diluted) | 0.81 | -0.97 | 0.29 | 1.68 | 1.46 | 0.01 | 1.40 | 1.48 | 1.51 | 1.71 | 1.52 | 1.71 | 1.26 | 1.64 | 1.35 | 0.87 | -0.21 |
| Shares Outstanding | 138.9 | 139.7 | 141.3 | 140.5 | 139.9 | 148.0 | 146.9 | 124.1 | 99.9 | 72.4 | 58.7 | 43.5 | 35.2 | 22.6 | 18.8 | 12.6 | 10.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 139.8 | 317.4 | 225.4 | 222.0 | 343.1 | 325.5 | 452.3 | 109.8 | 77.7 | 263.5 | 130.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 70.8 | 58.5 | 72.4 | 65.4 | 41.2 | 40.6 | 35.6 | 33.4 | 23.1 | 19.3 | 1.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (282.7) | (131.2) |
| Total Current Assets | 210.7 | 375.9 | 297.8 | 287.4 | 384.3 | 366.1 | 487.9 | 143.2 | 100.8 | 282.7 | 131.2 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 894.2 | 810.8 | 548.9 | 431.3 | 168.6 | 0 | 0 | 23.7 | 0 | 505.4 | 203.6 |
| Other Non-Current Assets | 8,796.2 | 7,224.9 | 8,450.0 | 8,849.6 | 7,863.8 | 6,574.0 | 6,400.5 | 4,928.9 | 3,987.8 | 2,694.8 | 0.3 |
| Total Non-Current Assets | 9,690.3 | 8,035.7 | 8,998.9 | 9,280.9 | 8,032.4 | 6,574.0 | 6,400.5 | 4,952.6 | 3,987.8 | 3,200.2 | 204.0 |
| Total Assets | 9,901.0 | 8,411.6 | 9,296.7 | 9,568.4 | 8,416.7 | 6,940.0 | 6,888.4 | 5,095.8 | 4,088.6 | 3,483.0 | 335.1 |
| Current Liabilities | |||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 701.1 | 1,004.2 | 864.2 | 451.6 | 1,240.6 | 501.6 | 813.0 | 779.4 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76.0 | 1.6 |
| Total Current Liabilities | 701.1 | 1,004.2 | 864.2 | 451.6 | 1,240.6 | 501.6 | 813.0 | 779.4 | 0 | 0 | 0 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 7,216.9 | 5,386.0 | 6,090.6 | 6,518.6 | 4,769.1 | 4,052.1 | 3,314.9 | 1,692.1 | 1,915.7 | 1,474.8 | 128.1 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 126.9 | 146.9 | 133.2 | 243.6 | 112.4 | 115.7 | 130.5 | 114.5 | 84.7 | 76.0 | 11.7 |
| Total Non-Current Liabilities | 7,343.8 | 5,532.9 | 6,223.8 | 6,762.2 | 4,881.5 | 4,167.9 | 3,445.4 | 1,806.7 | 2,000.5 | 1,550.8 | 139.8 |
| Total Liabilities | 8,044.9 | 6,537.1 | 7,088.0 | 7,213.8 | 6,122.1 | 4,669.5 | 4,258.4 | 2,586.1 | 2,000.5 | 1,550.8 | 139.8 |
| Stockholders' Equity | |||||||||||
| Common Stock | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.5 | 1.3 | 1.1 | 0.9 | 0.1 |
| Retained Earnings | (849.7) | (822.7) | (520.2) | (363.9) | (427.9) | (438.7) | (196.9) | (130.2) | (83.1) | (48.1) | (2.2) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (3.8) | (1.1) |
| Total Stockholders' Equity | 1,856.1 | 1,874.5 | 2,208.7 | 2,354.5 | 2,294.6 | 2,270.5 | 2,630.0 | 2,509.7 | 2,088.1 | 1,932.2 | 195.3 |
| Total Liabilities & Equity | 9,901.0 | 8,411.6 | 9,296.7 | 9,568.4 | 8,416.7 | 6,940.0 | 6,888.4 | 5,095.8 | 4,088.6 | 3,483.0 | 335.1 |
| Debt Metrics | |||||||||||
| Total Debt | 7,918.0 | 6,390.2 | 6,954.8 | 6,970.3 | 6,009.7 | 4,553.8 | 4,127.9 | 2,471.5 | 1,915.7 | 1,474.8 | 128.1 |
| Net Debt | 7,778.2 | 6,072.8 | 6,729.4 | 6,748.2 | 5,666.6 | 4,228.3 | 3,675.6 | 2,361.7 | 1,838.1 | 1,211.3 | (1.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 126.7 | (122.9) | 58.1 | 261.1 | 223.5 | 18.4 | 230.2 | 220.0 | 193.0 | 157.9 |
| Depreciation & Amortization | (15.9) | 11.7 | 8.2 | 0.7 | 2.6 | (48.9) | 0 | (53.1) | (41.4) | (6.1) |
| Stock-Based Compensation | 13.6 | 0 | 17.4 | 0 | 17.6 | 16.8 | 15.9 | 8.8 | 11.0 | 4.5 |
| Change in Working Capital | 26.8 | (61.8) | (0.5) | 73.3 | 6.3 | (7.2) | 1.2 | (8.2) | (13.7) | (32.4) |
| Other Non-Cash Items | (8.8) | 373.3 | 190.5 | (67.4) | (50.7) | 136.1 | 26.2 | 75.7 | 6.7 | 4.6 |
| Operating Cash Flow | 142.5 | 200.3 | 273.9 | 267.7 | 199.4 | 164.1 | 273.4 | 266.0 | 154.9 | 118.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (100.2) | (169.5) | (72.6) | (33.0) | (0.1) | 0 | 0 | 0 | (1.4) | (1.6) |
| Acquisitions | 0 | 0 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 1,698.0 |
| Purchases of Investments | (6.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.9) | (0.4) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 492.7 | 168.8 |
| Other Investing Activities | (1,281.0) | 746.7 | 140.5 | (1,306.3) | (1,356.8) | (215.7) | (1,435.1) | (998.9) | (1,212.5) | 870.8 |
| Investing Cash Flow | (1,387.3) | 577.2 | 68.4 | (1,339.4) | (1,357.0) | (215.7) | (1,435.1) | (998.9) | (720.7) | 1,039.2 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 1,153.8 | (594.8) | (110.0) | 1,029.5 | 1,416.1 | 321.8 | 1,671.7 | 759.6 | 452.1 | (1,038.1) |
| Stock Repurchased | 0 | (40.8) | 0 | 0 | 0 | (128.0) | 0 | 0 | (117.0) | 0 |
| Dividends Paid | (153.5) | (198.2) | (214.3) | (212.8) | (212.6) | (251.3) | (291.2) | (254.6) | (219.7) | (160.2) |
| Other Financing Activities | 64.7 | 144.5 | (19.1) | 141.4 | (28.3) | (17.6) | (19.0) | (15.8) | 147.6 | (4.4) |
| Financing Cash Flow | 1,065.0 | (689.3) | (343.4) | 958.0 | 1,175.2 | (75.1) | 1,504.2 | 765.1 | 380.1 | (1,024.5) |
| Cash Position | ||||||||||
| Net Change in Cash | (177.6) | 92.0 | 3.4 | (121.1) | 17.6 | (126.8) | 342.5 | 32.1 | (185.8) | 133.6 |
| Cash at Beginning | 317.4 | 225.4 | 222.0 | 343.1 | 325.5 | 452.3 | 109.8 | 77.7 | 263.5 | 67.4 |
| Cash at End | 139.8 | 317.4 | 225.4 | 222.0 | 343.1 | 325.5 | 452.3 | 109.8 | 77.7 | 201.0 |
| Free Cash Flow | 42.3 | 30.8 | 201.2 | 234.7 | 199.2 | 164.1 | 273.4 | 266.0 | 153.5 | 117.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 710.5 | 701.5 | 777.0 | 641.3 | 421.2 | 342.8 | 489.0 | 413.6 | 288.2 | 296.8 | 196.9 | 123.3 | 77.3 | 56.4 | 51.1 | 32.0 | 0.6 |
| Gross Profit | 568.8 | 560.4 | 649.8 | 549.1 | 357.9 | 303.1 | 448.3 | 377.2 | 256.5 | 273.4 | 180.3 | 111.4 | 77.3 | 56.4 | 51.1 | 32.0 | 0.6 |
| Operating Income | 464.4 | 417.7 | 467.5 | 649.7 | 414.5 | 138.7 | 208.2 | 366.1 | 178.4 | 157.5 | 103.4 | 86.9 | 52.5 | 40.2 | 25.9 | 11.0 | (2.2) |
| Net Income | 126.7 | (119.6) | 58.1 | 265.2 | 223.5 | 18.4 | 230.2 | 220.0 | 193.0 | 157.9 | 103.3 | 82.7 | 52.5 | 40.2 | 25.9 | 11.0 | (2.2) |
| EPS (Diluted) | 0.81 | -0.97 | 0.29 | 1.68 | 1.46 | 0.01 | 1.40 | 1.48 | 1.51 | 1.71 | 1.52 | 1.71 | 1.26 | 1.64 | 1.35 | 0.87 | -0.21 |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 139.8 | 317.4 | 225.4 | 222.0 | 343.1 | 325.5 | 452.3 | 109.8 | 77.7 | 263.5 | 130.0 | ||||||
| Total Assets | 9,901.0 | 8,411.6 | 9,296.7 | 9,568.4 | 8,416.7 | 6,940.0 | 6,888.4 | 5,095.8 | 4,088.6 | 3,483.0 | 335.1 | ||||||
| Total Debt | 7,918.0 | 6,390.2 | 6,954.8 | 6,970.3 | 6,009.7 | 4,553.8 | 4,127.9 | 2,471.5 | 1,915.7 | 1,474.8 | 128.1 | ||||||
| Stockholders' Equity | 1,856.1 | 1,874.5 | 2,208.7 | 2,354.5 | 2,294.6 | 2,270.5 | 2,630.0 | 2,509.7 | 2,088.1 | 1,932.2 | 195.3 | ||||||
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | 142.5 | 200.3 | 273.9 | 267.7 | 199.4 | 164.1 | 273.4 | 266.0 | 154.9 | 118.9 | |||||||
| Capital Expenditure | (100.2) | (169.5) | (72.6) | (33.0) | (0.1) | 0 | 0 | 0 | (1.4) | (1.6) | |||||||
| Free Cash Flow | 42.3 | 30.8 | 201.2 | 234.7 | 199.2 | 164.1 | 273.4 | 266.0 | 153.5 | 117.2 | |||||||