Apollo Commercial Real Estate Finance, Inc. (ARI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 10.09B | 9.9B | 9.52B | 9.82B | 8.78B | 8.41B | 9.1B | 9.27B | 9.22B | 9.3B | 9.16B | 9.36B | 9.51B | 9.57B | 9.82B | 9.55B | 8.82B | 8.42B | 7.72B | 7.95B |
| Asset Growth % | 14.83% | 17.71% | 4.63% | 5.87% | -4.78% | -9.52% | -0.64% | -0.94% | -2.98% | -2.84% | -6.79% | -2.02% | 7.84% | 13.68% | 27.29% | 20.1% | 22.03% | 21.28% | 11.33% | 14.13% |
| Real Estate & Other Assets | 0 | 8.8B | 8.33B | 8.74B | 7.77B | 7.22B | 8.1B | 8.31B | 8.3B | 8.45B | 8.19B | 8.44B | 8.48B | 8.85B | 8.9B | 9.13B | 8.52B | 7.86B | 7.28B | 7.56B |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 126.85M | 210.66M | 311.34M | 252.51M | 227.47M | 375.87M | 272.62M | 249.68M | 246.26M | 297.79M | 376.49M | 379.62M | 397.27M | 287.41M | 380.78M | 288.01M | 260.12M | 384.32M | 278.86M | 243.99M |
| Cash & Equivalents | 126.85M | 139.82M | 245.86M | 177.62M | 166.42M | 317.4M | 194.29M | 174.7M | 161.19M | 225.44M | 307.85M | 308.05M | 331.53M | 222.03M | 319.26M | 241.62M | 215.75M | 343.11M | 243.41M | 204.58M |
| Receivables | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 8.28B | 8.04B | 7.66B | 7.97B | 6.92B | 6.54B | 7.23B | 7.28B | 7.18B | 7.09B | 6.95B | 7.15B | 7.16B | 7.21B | 7.42B | 7.28B | 6.57B | 6.12B | 5.41B | 5.66B |
| Total Debt | 0 | 7.92B | 7.52B | 7.82B | 6.81B | 6.39B | 7.12B | 7.12B | 7.01B | 6.95B | 6.73B | 6.97B | 6.96B | 6.97B | 7.02B | 7.04B | 6.43B | 6.01B | 5.3B | 5.54B |
| Net Debt | -126.85M | 7.78B | 7.28B | 7.64B | 6.65B | 6.07B | 6.92B | 6.94B | 6.85B | 6.73B | 6.42B | 6.66B | 6.63B | 6.75B | 6.7B | 6.8B | 6.22B | 5.67B | 5.06B | 5.34B |
| Long-Term Debt | 0 | 7.22B | 6.73B | 5.93B | 5.57B | 5.39B | 5.87B | 5.87B | 6.31B | 6.09B | 5.79B | 6.6B | 6.73B | 6.52B | 6.26B | 5.97B | 5.67B | 4.77B | 3.72B | 4.52B |
| Short-Term Borrowings | 0 | 701.11M | 798.7M | 1.89B | 1.24B | 1B | 1.25B | 1.25B | 701.28M | 864.18M | 934.5M | 365.28M | 231.92M | 451.63M | 765.02M | 1.07B | 759.34M | 1.24B | 1.58B | 1.02B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 701.11M | 798.7M | 1.89B | 1.24B | 1B | 1.25B | 1.25B | 701.28M | 864.18M | 934.5M | 365.28M | 231.92M | 451.63M | 765.02M | 1.07B | 759.34M | 1.24B | 1.58B | 1.02B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 8.28B | 126.86M | 132.56M | 154.64M | 108.62M | 146.91M | 111.97M | 158.29M | 164.97M | 133.17M | 216.26M | 176.3M | 202.99M | 243.58M | 394.36M | 236.89M | 133.2M | 112.38M | 108.98M | 116.14M |
| Total Equity | 1.81B | 1.86B | 1.86B | 1.85B | 1.86B | 1.87B | 1.87B | 2B | 2.05B | 2.21B | 2.21B | 2.21B | 2.35B | 2.35B | 2.41B | 2.27B | 2.25B | 2.29B | 2.31B | 2.29B |
| Equity Growth % | -2.63% | -0.98% | -0.33% | -7.54% | -9.12% | -15.13% | -15.53% | -9.84% | -12.78% | -6.19% | -8.14% | -2.57% | 4.29% | 2.61% | 4.39% | -0.93% | -1.09% | 1.06% | -0.55% | -3% |
| Shareholders Equity | 1.81B | 1.86B | 1.86B | 1.85B | 1.86B | 1.87B | 1.87B | 2B | 2.05B | 2.21B | 2.21B | 2.21B | 2.35B | 2.35B | 2.41B | 2.27B | 2.25B | 2.29B | 2.31B | 2.29B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 1.37M | 1.39M | 1.39M | 1.39M | 1.39M | 1.38M | 1.38M | 1.39M | 1.42M | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M | 1.4M | 1.4M | 1.4M |
| Additional Paid-in Capital | 0 | 2.7B | 2.7B | 2.7B | 2.69B | 2.7B | 2.69B | 2.69B | 2.72B | 2.73B | 2.72B | 2.72B | 2.71B | 2.72B | 2.71B | 2.71B | 2.7B | 2.72B | 2.72B | 2.71B |
| Retained Earnings | -861.27M | -849.68M | -840.21M | -852.65M | -835.03M | -822.67M | -824.84M | -695.07M | -678.45M | -520.24M | -512.87M | -505.41M | -368.48M | -363.88M | -306.18M | -436.03M | -453.81M | -427.88M | -411.64M | -419.07M |
| Preferred Stock | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K | 68K |
| Return on Assets (ROA) | 0.26% | 0.3% | 0.53% | 0.22% | 0.3% | 0.46% | -1% | 0.39% | -1.13% | 0.5% | 0.5% | -0.88% | 0.51% | -0.04% | 1.89% | 0.77% | 0.18% | 0.46% | 0.77% | 0.89% |
| Return on Equity (ROE) | 1.43% | 1.57% | 2.74% | 1.12% | 1.39% | 2.17% | -4.74% | 1.77% | -4.91% | 2.11% | 2.08% | -3.66% | 2.08% | -0.17% | 7.82% | 3.14% | 0.67% | 1.61% | 2.63% | 2.96% |
| Debt / Assets | - | 79.97% | 79.04% | 79.62% | 77.58% | 75.97% | 78.23% | 76.76% | 76.02% | 74.81% | 73.48% | 74.45% | 73.18% | 72.85% | 71.48% | 73.72% | 72.96% | 71.4% | 68.7% | 69.69% |
| Debt / Equity | - | 4.27x | 4.04x | 4.23x | 3.66x | 3.41x | 3.81x | 3.56x | 3.43x | 3.15x | 3.04x | 3.15x | 2.96x | 2.96x | 2.92x | 3.10x | 2.86x | 2.62x | 2.30x | 2.42x |
| Net Debt / EBITDA | -4.81x | 53.87x | 44.00x | 103.41x | 72.37x | 26.22x | - | 41.65x | 143.32x | 58.74x | 30.27x | 609.37x | 47.95x | 72.88x | 26.25x | 53.35x | 66.44x | 65.31x | 40.60x | 51.43x |
| Book Value per Share | 12.97 | 13.36 | 13.33 | 13.26 | 13.39 | 13.57 | 13.51 | 14.20 | 14.43 | 15.63 | 15.65 | 15.67 | 15.10 | 16.75 | 14.65 | 13.24 | 16.04 | 16.40 | 13.50 | 13.43 |