Apollo Commercial Real Estate Finance, Inc. (ARI)
Real Estate · NYQ
Price as at 30 Sept 2026, 16:05 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Apollo Commercial Real Estate Finance, Inc. trades at $6.24, which is 113% below the $13.25 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 52 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 8.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ARI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $4.00 | 2 |
| 2025 | $1.00 | 4 |
| 2024 | $1.20 | 4 |
| 2023 | $1.40 | 4 |
| 2022 | $1.40 | 4 |
| 2021 | $1.40 | 4 |
| 2020 | $1.45 | 4 |
| 2019 | $1.84 | 4 |
| 2018 | $1.84 | 4 |
| 2017 | $1.84 | 4 |
| 2016 | $1.84 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
ARI earnings and analyst estimates
Recommendation mix, 4 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About 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 distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was incorporated in 2009 and is based in New York, New York.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
ARI passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
7 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Israel Englander, MILLENNIUM MANAGEMENT LLC$48.74M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$8.78M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$4.58M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$4.09M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$3.76M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in ARI
Trades in ARI disclosed by members of Congress and executive-branch officials, latest first:
- Donna Shalala · HouseSell · $1,001 - $15,000 · traded 24 Jun 2019 · disclosed 27 Apr 2020
- Donna Shalala · HouseBuy · $1,001 - $15,000 · traded 9 Jan 2019 · disclosed 27 Apr 2020
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
ARI peers
The largest companies in the same industry (REIT - Mortgage), then in the same sector.
- RITM Rithm Capital Corp.
- DX Dynex Capital, Inc.
- ORC Orchid Island Capital, Inc.
- PMT-PB PennyMac Mortgage Investment Trust
- LADR Ladder Capital Corp
- TWO Two Harbors Investment Corp.
- ABR Arbor Realty Trust, Inc.
- CIM Chimera Investment Corporation
Every real estate company we cover is on the Real Estate hub.
Common questions
Is Apollo Commercial Real Estate Finance, Inc. (ARI) undervalued?
Against our fair value estimate of $13.25, ARI at $6.24 is 113% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own ARI?
7 of the institutions we track reported a position in ARI in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ARI's P/E ratio?
ARI trades at 8.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Apollo Commercial Real Estate Finance, Inc. (ARI) pay a dividend?
Yes. Apollo Commercial Real Estate Finance, Inc. yields 15.11% at the current share price. It has paid $4.25 per share over the trailing twelve months. It has paid a dividend in each of the last 16 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its ARI data?
Fundamentals for ARI come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 16:05 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for ARI, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.